Shipping tycoon Teo Woon Tiong dies at 102

Mr Teo Woon Tiong pictured in 2018 with the second-generation business leaders of Pacific International Lines: (from left) executive director of corporate development Lisa Teo, executive director of the fleet division Teo Choo Wee and executive chair
Mr Teo Woon Tiong pictured in 2018 with the second-generation business leaders of Pacific International Lines: (from left) executive director of corporate development Lisa Teo, executive director of the fleet division Teo Choo Wee and executive chairman and managing director Teo Siong Seng. BT FILE PHOTO

Local shipping magnate Teo Woon Tiong - formerly the world's oldest billionaire - has died at 102. His death comes two years after he stepped down from the board of Pacific International Lines (PIL) and passed the baton to his son, Mr Teo Siong Seng, better known as S.S. Teo.

Just a week after celebrating his 102nd birthday on Aug 27 with his family, and favourite food durian, Mr Teo died in his sleep on Friday. He is survived by eight sons and six daughters.

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A version of this article appeared in the print edition of The Straits Times on September 09, 2020, with the headline 'Shipping tycoon Teo Woon Tiong dies at 102'. Print Edition | Subscribe