Singapore Billionaire Makes "Significant Investment" in McLaren

HOME

MAGAZINE

NEWS

FEATURE

SCENE

Haute Living New York Feb/March 2012

Singapore Billionaire Makes “Significant Investment” in McLaren

by Lexi Holzberg Kritzer

Source: Luxury Insider

McLaren Automotive has announced that Singapore-based billionaire, Peter Lim, has made a significant investment in the company, and has joined the McLaren Automotive Board of Directors with immediate effect.

Ron Denis, McLaren Automotive and McLaren Group Executive Chairman, commented: “On behalf of the McLaren Automotive board, I welcome Peter Lim and look forward to working closely with him as our company expands into the Asia region.”

“Peter Lim’s track record in Asia as a highly respected business leader adds further quality to our board in this highly competitive business environment at an exciting time for the company”.

McLaren declined to reveal the amount of the investment, but agreed that it was a “significant amount.” More details of the deal will be announced closer to the Singapore Grand Prix.

Mr Lim is the eighth-richest businessman in Singapore, according to Forbes, and owns a chain of Manchester United-themed restaurants and bars in Asia.

Source: Luxury Insider

Like Haute Living Asia? Join our Facebook page or follow us on Twitter @HauteLivingMag. Want Haute Living Asia deliver to your inbox once a week? Sign up for our newsletter.

Aug 23, 2011 8:45 AM

Read 166 Times

Mansory Unveils McLaren Design for Upcoming Geneva Motor Show

Mansory is coming to the Geneva Motor Show-beginning March 8-18- with a McLaren MP4-12C that looks like it should be in the video game “Need For Speed” than a real car. With a new exhaust, lightweight Mansory wheels and a flashy orange exterior, the McLaren is kicking car rears and taking names...

by Dennis Brinkworth, Mar 6, 2012 7:59 AM

McLaren's Mp4-C12 Exceeds Expectations In U.S., New Model In Works

McLauren's latest supercar exceeded expectations for sales in the United States, accounting for 40 percent of cars purchased worldwide.

by Julia Jacobo, May 4, 2012 8:42 PM

Haute Auto: McLaren MP4-12C GT3

McLaren is making its way back into the sports racing scene with the releas of their first GT qualifying road car, the McLaren MP4-12C GT3. The car takes it styling cues from the legendary McLaren F1 GTR.

by Ashley Joy Parker, Aug 9, 2011 2:26 PM

Superyacht 'A' Spotted In Keppel Bay, Singapore

Mega yacht "A," owned by Russian Billionaire Andrei Melnichenko, was spotted in Keppel Bay, Singapore.

by Julia Jacobo, Apr 20, 2012 4:39 AM

62-year-old Dalmore Scotch Sold for $200,000

A Chinese businessman has just purchased what may be the most expensive bottle of Scotch whisky for $200,000.

by Alison Agudo, Sep 20, 2011 3:18 PM

Bugatti Veyron, Lexus LFA, McLaren MP4-12C And Lambo Aventador Shootout—Who Would Win?

In a quarter-mile shootout featuring some of the world's best sports cars, which auto will win?

by Julia Jacobo, May 24, 2012 11:48 AM

McLaren MP4-12C Laps Nürburgring in 7 Minutes and 28 Seconds

The people at McLaren took the latest MP4-12C for a lap around the infamous Nürburgring to see how the supercar would perform on one of the world’s greatest road courses. Read on to see how the luxury car performed.

by Alison Agudo, Oct 27, 2011 6:11 AM

Russian Billionaire is a Stakeholder of Monaco Soccer Club

The former owner of Uralkali, a Russian fertilizer maker known as a Billionaire, Dmitry Rybolovlev just recently purchased a controlling stake in the Monaco soccer club. Back in 2010, the Russian billionaire sold his controlling stake in Uralkali to investors which were led by another billionaire, S...

by Laura Yarborough, Jan 8, 2012 8:31 AM

U2 Rocker Bono Set to Become Facebook Billionaire

Already part of the music industry’s most successful rock bands, Bono is about to become even wealthier, thanks to an investment he made in Facebook in 2009.

by Alison Cavatore, Feb 8, 2012 9:02 PM

Hautos: McLaren London Opens at Posh New One Hyde Park Location

McClaren has moved into its new prime location on the ground level of London’s One Hyde Park. McClaren race stars Lewis Hamilton and Jensen Button, whose presence drew even more attention to the legendary marque’s first global retailer unveiling event, attended the grand opening on Tuesday, June...

by Pauline Sung, Jul 2, 2011 6:44 AM