Deba Qiu (Tan Sri Khoo Teck Puat,1917 65438+1October 13-2 1, February 2004) was born in Haicang, Fujian, China, and was the richest man in Singapore before his death. Founder of Malaysia's largest bank. Directly and indirectly holding 82.4% equity, with a market value of about S $654.38+S $75 million. He also holds shares in Malaysian hotels and central industries, and also owns many real estates in Singapore, Malaysia and Australia. Qiu worked as a secretary in OCBC Bank in his early years. 1959 resigned angrily because he could not join the board of directors. The following year, he and his friends founded Malaya Bank in Kuala Lumpur. By the middle of 1966, Malaya Bank had set up 108 branches and began to break the monopoly of foreign banks. Qiu himself is also recognized as an outstanding banker. In the mid-1980s, together with the late Bao Yugang, the shipping magnate, he invested in Standard Chartered Bank, which was the target of hostile takeover at that time. At present, Qiu has become the single largest shareholder of the Bank, and its shareholding ratio reached 14.99% at the end of 1994. He also absorbed a number of HSBC shares at the end of 1994. It is estimated that the wealth of Qiu and his family members exceeds $2.8 billion. China's top 50 super-rich people ranked 30th in the world.

Deba Qiu's life is legendary. He is not only a famous hotel tycoon in Southeast Asia, but also the largest individual shareholder of Standard Chartered Bank, a British listed bank, with business all over the world. According to Forbes magazine, Deba Qiu's wealth in 2002 was about US$ 2.6 billion, which made him the richest man in Singapore and ranked 18 among Asian billionaires. On the evening of February 2, 2004, Deba Qiu, the richest man in Singapore, died suddenly of a heart attack at the age of 86.