How Old Is Richard Hu Tsu Tau? Richard Hu Tsu Tau Birthday
Richard Hu Tsu Tau was born on October 30, 1926 and is 97 years old now.
Birthday: October 30, 1926
How Old - Age: 97
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Richard Hu Tsu Tau - Biography
Richard Hu Tsu Tau (simplified Chinese: 胡赐道; traditional Chinese: 胡賜道; pinyin: Hú Cì Dào, born October 30, 1926) is a former People's Action Party (PAP) politician in Singapore. He served as the Minister of Finance for 16 years from 1985 to 2001, and was also a Director of Government of Singapore Investment Corporation Pte Ltd. He is the son of doctor Hu Tsai Kuen.
In 1983, Hu became the Managing Director of the Monetary Authority of Singapore (MAS) and the Government of Singapore Investment Corporation (GIC), holding both posts concurrently until 1984.
Hu contested as a People's Action Party candidate in the Kreta Ayer Single Member Constituency in 1984 General Elections and won the election. Following the elections, he became the Minister for Health for two years from 1985 to 1987 and the Minister of Finance for 16 years from 1985 to 2001. As the Minister of Finance, Hu is perhaps best known by his signature on the 'Ship' series of legal tender notes issued after his appointment. He also introduced the Goods and Services Tax in 1993. As part of deregulation and reform of its financial and banking sectors, Hu oversaw the privatisation of the government-run Post Office Savings Bank (POSB) and the sale of POSB to the Development Bank of Singapore (DBS) in 1998.
On April 13, 2004, Hu joined the Board of Singaporean property development company CapitaLand and was elected Chairman the same day, until his retirement in 2012. He was also the Chairman of GIC Real Estate Pte Ltd and Asia Financial Holdings Pte Ltd, as well as a Director of the Government of Singapore Investment Corporation (GIC) and a Director of Buildfolio.Com.Inc Hu also served as the Chancellor of the Singapore Management University from July 2002 to August 2010.
Hu is married to Irene Tan Dee Leng, and has one son (Jeremy) and one daughter (Geraldine). He is a Hakka Chinese.
