Presenting the latest top 10 Billionaires in Singapore.
Any interesting fact/ gossip on the latest Billionaire?. No
business talk. Thank you.
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In land-scarce Singapore, real estate is much more precious than
gold.
So it is not surprising that Philip Ng Chee Tat, CEO of Far East
Organisation, is the richest man in Singapore with an estimated net
worth of US$5.2 billion, according to a Wealth-X list of the top 10
Singapore-based billionaires.
Nearly 80 per cent of the property tycoon's net worth comes from
his real estate holdings.
Ng's net worth accounts for about one-fifth of the combined
wealth of the 10 individuals on the Wealth-X list. Among them are a
few foreigners - citizens of Brazil, New Zealand and Indonesia -
who have established their main business in Singapore and reside
here.
No.1: Philip Ng Chee Tat
(Singaporean), Far East Organisation (real estate). Net worth:
US$5.2 billion.
Ng, 55, became CEO of Far East Organisation in 1991. His father
founded the company 31 years earlier, and it has grown to become
Singapore's largest private property developer with 750 properties
in the residential, hospitality, retail, commercial and industrial
sectors.
No.2: Eduardo Luiz Saverin
(Brazilian) of Anideo (technology) and also co-founder of Facebook.
Net worth: US$4.2 billion.
A well-known philanthropist, Ng has given generously to
universities and educational institutions in Singapore. The new
Jurong General Hospital in Singapore, which will be named after his
father, Mr Ng Teng Fong, following a huge donation of more than
US$95 million by the Ng family in March 2011.
No.3: Richard Fred
Chandler (New Zealander) of Chandler Corporation (diversified
investments). Net worth US$2.8 billion.
No. 4: Kuok Khoon Hong
(Singaorean) of Wilmar International (palm oil). Net worth: US$2.4
billion.
No.5: Sukanto Tanoto
(Indonesian) of Royal Golden Eagle (diversified businesses). Net
worth: US$2.3 billion.
No.6: Peter Lim
(Singaporean), a private investor (diversified Investments). Net
worth: US$2.2 billion.
In the number two spot - and the youngest billionaire on the
list - is 32-year-old Brazil-born entrepreneur Eduardo Saverin,
co-founder of Facebook. Saverin moved to Singapore in 2009.
Taking the third position is New Zealander, Richard Chandler of
Chandler Corporation. His net worth from diversified investments is
estimated to be US$2.8 billion.
No.7: Mr Goh Cheng Liang
(Singaporean) of Wuthelam Holdings (paints). Net worth: US$2.1
billion.
No.8: Robert Martin
Friedland (American/Canadian) of Ivanhoe Capital (mining). Net
worth: US$1.9 billion.
No.9: Lim Oon Kuin
(Singaporean) of Hin Leong Group (oil trading). Net worth: US$1.8
billion.
Wealth-X and UBS Billionaire Census 2013 noted that there are 27
billionaires in Singapore with a combined net worth of US$64
billion.
No.10: Sam Goi Eng Hui
(Singaorean) of Tee Yih Jia Group, (frozen foods). Net worth:
US$1.8 billion.
The top 10 billionaires in Singapore and their net worth are in
the gallery below. -Asiaone
