Singapore’s 50 Richest ( First 30 Billionaires )

Wednesday, Nov 15 2017 11:59 AM

#1 .     Robert & Philip Ng

REAL TIME NET WORTH — as of 11/12/17
$10.1 B
$9.4 B
  • Brothers Robert and Philip Ng control Far East Organization, Singapore's largest private landlord and property developer
  • The group was founded by their late father Ng Teng Fong, who moved from China to Singapore in 1934 and came to be known as "The King of Orchard Road"
  • Their Hong Kong arm, Sino Group, is overseen by older sibling Robert and his son Daryl, while Philip oversees the Singapore interests

#2 .      Eduardo Saverin

Cofounder, Facebook

REAL TIME NET WORTH — as of 11/12/17
$10.3 B
$9.3 B
  • Eduardo Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004.
  • Now a venture capitalist, he still derives most of his wealth from his minority stake in Facebook.
  • In 2014, he launched a $144 million venture fund focused on India, Southeast Asia and the U.S.

#3 .      Goh Cheng Liang

REAL TIME NET WORTH — as of 11/12/17
$7.6 B
$7.8 B
  • Goh Cheng Liang gets the bulk of his wealth from a 39% stake in Japan's Nippon Paint Holdings, the seventh largest paint manufacturer in the world
  • Goh started making paints in a small factory in Singapore before he went on to partner Japan's Nippon Paint in 1962
  • Goh's son, Hup Jin, is Nippon's executive director and also runs their privately held joint venture, Nipsea

#4 .       Kwek Leng Beng & family

$7.1 B
  • Kwek Leng Beng is the executive chairman of Singapore's Hong Leong Group, founded by his father in 1941
  • Kwek is also executive chairman of City Developments, the island state's second-largest property developer.
  • Amid constraints at home, Kwek has been on an overseas expansion drive, acquiring assets in the UK, China and Australia
  • His cousin, Quek Leng Chan, also a billionaire, runs the Hong Leong Group's Malaysian operations.

#5 .      Khoo family

$6.3 B
  • The Khoos are the heirs of late banker Khoo Teck Puat, who invested in Standard Chartered Bank in 1986.
  • The lion's share of their fortune comes from the sale of their stake in Standard Chartered Bank for $4 billion in 2006.
  • The Khoos also control the Goodwood Group of Hotels, chaired by Mavis Khoo-Oei, which owns Singapore's historic Goodwood Park Hotel.

#6 .       Wee Cho Yaw

REAL TIME NET WORTH — as of 11/12/17
$6.4 B
$5.8 B
  • Wee Cho Yaw is chairman emeritus of United Overseas Bank, Singapore's third-largest lender.
  • UOB was cofounded by his father Wee Khiang Cheng in 1935 as United Chinese Bank.
  • In 2013, Wee stepped down as the bank's chairman after close to 40 years at the helm.
  • The family's property arm Kheng Leong owns 45 apartments in the Nassim, a luxury condo, acquired for $290 million

#7 .       Kwee family

REAL TIME NET WORTH — as of 11/12/17
$5.4 B
$5.3 B
  • The four Kwee siblings own privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across the island-nation.
  • Pontiac Land was founded by their Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958.
  • In New York, the brothers are building an 82-story tower beside the Museum of Modern Art, where apartments cost from $3 million to over $70 million.
  • Their joint venture with Perennial Real Estate Holdings for the landmark Capitol Singapore project is under dispute.
  • The Kwees are building a resort complex in the Maldives

#8 .      Kuok Khoon Hong & family

$2.7 B
  • Kuok Khoon Hong cofounded Wilmar in 1991 and built it into one of the world's largest palm oil producers.
  • Kuok's other investments include stakes in billionaire Zhong Sheng Jian's Yanlord Land as well as Perennial Real Estate Holdings
  • Kuok owns the Aviva Tower in London together with Indonesian billionaire and Wilmar cofounder Martua Sitorus

 

Original list from https://www.forbes.com/singapore-billionaires/list/#tab:overall

Images are from : Vulcan Post and The Straits Times