OCBC’s Lee Family Gets A Boost From The Bank’s Growing Wealth Management Business
Shares of OCBC nearly doubled over the past year, boosting the net worth of the Lee family, whose biggest asset is their stake in the bank, to $13.8 billion.
Shares of OCBC nearly doubled over the past year, boosting the net worth of the Lee family, whose biggest asset is their stake in the bank, to $13.8 billion.
BELLINGS Intelligence Score: 10
Why it matters
The increase in OCBC's share price and the resulting wealth boost for the Lee family is a reflection of routine market appreciation and wealth management growth, with limited broader market or systemic impact.
Sources
Forbes Business
OCBC’s Lee Family Gets A Boost From The Bank’s Growing Wealth Management Business
Shares of OCBC nearly doubled over the past year, boosting the net worth of the Lee family, whose biggest asset is their stake in the bank, to $13.8 billion.