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Sit Kwong Lam Net Worth

Sit Kwong Lam Net Worth

Sit Kwong Lam Net Worth $1.35 Billion

Based on Forbes, he is the 35th richest man in Hong Kong and 59th about the China Rich List. He’s also rated 1088th about the entire world’s Billionaires List. Sit earned his estimated net worth through over 20 years of experience in the oil industry. He has specialized in the petroleum energy creation business and is devoted to developing energy businesses. Ltd where he is also the chairman in addition to its subsidiary companies. It has business interests in oil storage and international trading of petroleum products, marine transport, gas stations, marine bunkering as well as its engagement in gas and oil exploration and exploitation. The year 2012 was unkind to Sit, whose petroleum shipping and fuel storage businesses were set back by economic conditions. In November, the business ‘s COE resigned and it warned of a loss for the next half the year. Recent months and seen several top executives and dealers leave the company. His shares in Brightoil, worth early his whole net worth, fell by 40%. The company is currently diversifying through developing interests in gasoline holdings in Northwest China, and is certainly one of the growing amount of private-sector companies to grow in the power industry.

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