Singapore is one of world’s major commercial hubs. It has a highly
developed market economy, which is free, innovative,
business-friendly and competitive. It is one of the “Four Asian
Tigers.”
Singapore has produced many billionaires. Here is a brief overview
of the top 10 richest people in Singapore, ranked according to
their Forbes net worth.
10)
Oon Kuin Lim – Net Worth: $1.9 Billion
This 70-year-old self-made billionaire is the man behind the
success of privately held Hin Leong Trading, one of the largest oil
traders in Singapore. The company’s revenue is estimated to be $14
billion.
9)
Peter Lim – Net Worth: $2.2 Billion
This 61-year-old self-made billionaire is a Manchester United fan.
He is one of the largest investors in Malaysia’s Iskandar region.
He owns half of Singapore-listed Rowsley.
8)
Khoon Hong Kuok – Net Worth: $2.2 Billion
This 64-year-old billionaire is the chairman and chief executive of
palm oil giant Wilmar International. Currently he is diversifying
the company into other commodities and consumer food items.
7)
Raj Kumar & Kishin RK – Net Worth: $2.2
Billion
This father-son duo is among Singapore’s leading landlords with a
string of prime properties that include hotels, office towers and
medical suites under their Royal Holdings/RB Capital portfolio.
6)
Jason Chang – Net Worth: $2.7 Billion
This 70-year-old self-made billionaire is the chairman of
Taiwan-based Advanced Semiconductor Engineering, the world’s
largest independent semiconductor-packaging company.
5)
Cheng Liang Goh – Net Worth: $3.3 Billion
This reclusive paint tycoon’s son Hup Jin inked a deal in February
to double their privately held Wuthelam Group’s holding in Nippon
Paint to 30 percent. In return, the Japanese company will raise its
stake in many firms under their joint venture Nipsea Group.
4)
Kwee brothers – Net Worth: $5.2 Billion
Four Kewk siblings’ privately-held Pontiac Land teamed up with
Goldman Sachs and Houston Developer Hines to revive a stalled
project to build a 72-story Manhattan luxury residential tower.
3)
Cho Yaw Wee – Net Worth: $5.6 Billion
This 85-year-old billionaire is the chairman emeritus of United
Overseas Bank, which is among Singapore’s top three banks. It is
the second largest bank in Singapore by market capitalization.
2)
Leng Beng Kwek & family – Net Worth: $6.7
Billion
Leng Beng Kwek’s London-listed Millennium & Copthorne Hotels
spent around $385 million to acquire the 158-suite Chelsea Harbor
Hotel in London and the Novotel in New York’s Time Square.
1)
Robert & Philip Ng – Net Worth: $11.8 billion)
Brothers Robert & Philip Ng are on a buying spree in Australia.
Their Far East Organization bought prime properties in Sydney and
Perth, including a Sydney office tower for $142 million in March.
They paid $6 million for an island in New South Wales in November.
Their Singapore-listed Far East Hospitality Trust has a dozen
properties worth a total of close to $2.5 billion. Largest part of
their public fortune is in Tsim Sha Tsui Properties.
These billionaires are contributing to the economy of this island
nation.
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