The Top 20 Richest People in Singapore
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Ng Teng Fong is a Singapore real estate billionaire. His family owns the development corporation Far East Organization and Sino Group, which are one of the largest property companies in Singapore and Hong Kong respectively. Through Far East Organization, he has developed more than 700 hotels, malls and condos in Singapore. His family net worth is US$8000million as of 2009.
#02 Khoo Family
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Khoo Teck Puat was a Malaysian-born banker and hotel owner. He owned the Goodwood Group of boutique hotels in London and Singapore and was the largest single shareholder of Britain’s Standard Chartered Bank. He passed away at the age of 86 and left his fortune to his 14 children. His family sold their stake in Standard Chartered Bank in 2006 for estimated US$4 billion but held on to Goodwood Group of Hotels, which includes Singapore’s Goodwood Park. Their family net worth is US$5500million as of 2009.
#03 Kuok Khoon Hong
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Kuok Khoon Hong heads the world’s largest palm oil firm, Wilmar International. He got started working at his Malaysian billionaire uncle Robert Kuok’s trading firms. He then left in 1991 to found his palm oil company. He is now building one of the world’s largest biofuel refineries. His net worth is US$3500million as of 2009.
#04 Kwee Brothers
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The four brothers, Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen and Kwee Liong Phing, share ownership of privately held Pontiac Land. The property developer and hotel operator owns Singapore’s Ritz-Carlton and two office towers near Marina Bay, among others. They recently opened a 6-star hotel, the Capella, on Sentosa. The eldest brother, Kwee Liong Keng, is the managing director of Pontiac Land and was recently appointed Singapore’s Non-Resident Ambassador to Poland. Their family net worth is US$3200million as of 2009.
#05 Wee Cho Yaw
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Wee Cho Yaw chairs United Overseas Bank, one of the largest bank in Singapore. The bank was founded by his father in 1935 and he took over his father in 1974. He had recently stepped down as chief executive, handing over the reins of the company to his son. Wee Cho Yaw also chairs the UOL group, which is a large property conglomerate based in Singapore in Asia. His family net worth is US$3100million as of 2009.
#06 Zhong Sheng Jian
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Zhong Sheng Jian emigrated from China to Singapore in 1988 and he founded the Yanlord Land Group. He built luxury residences back in his native China and he now has properties in seven Chinese cities. His company is now listed in Singapore and his net worth is US$2000million as of 2009.
#07 Peter Lim
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Peter Lim, the son of a fishmonger, became a highly successful stockbroker for wealthy Indonesian clients. He stopped managing other people’s money in 1996 to become a full-time investor. He made a fortune from his investments in Wilmar International, started by his former client Kuok Khoon Hong. His initial US$10million investment is now worth more than US$70million. He also has stakes in fashion retailer FJ Benjamin and brewery restaurant Brewerkz. His net worth is US$1500million as of 2009.
#08 Kwek Leng Beng
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Kwek Leng Beng heads the Hong Leong Group, an international conglomerate founded by his father and uncles in the 1940s. He also chairs City Developments, an international property and hotel conglomerate and the leading real estate developer in Singapore. His other interests include Hong Leong Finance, Singapore’s largest finance group; and Millennium & Copthorne Hotels, a London-listed international hotel group. His net worth is US$1200million as of 2009.
#09 Lee Seng Wee
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Lee Seng Wee is the former chairman of Oversea-Chinese Banking Corporation, one of the largest local banks in Singapore. He stepped down as chairman in 2003 and moved to a non-executive position. He is also the director of his family’s Lee Foundation, a charitable foundation in Singapore founded by his father to fund programs that promote education and other philanthropic work. His net worth is US$800million as of 2009.
#10 Ong Beng Seng & Christina Ong
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Ong Beng Seng and Christina Ong are one of Singapore’s most influential couples. Ong Beng Seng is the managing director of Hotel Properties, which includes Four Seasons and Hard Rock hotels in Southeast Asia. He also owns rights to Singapore Grand Prix and he just became the nation’s only official Ferrari dealer. His wife, Christina Ong, runs the Como Hotels & Resort and retail empire Club 21. Their net worth is US$700million as of 2009.
#11 Lien Family
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Late banker and hotelier Lien Ying Chow left almost half of his UOB shares to a foundation and the rest to his family, including his wife, Margaret, her stepchildren and her step-grandchildren. Margaret is the former head of the Lien Foundation, which was founded by Lien Ying Chow in 1980, and she continues to be executor of her late husband’s estate. The family net worth is US$690million as of 2009.
#12 Tan Boy Tee
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Tan Boy Tee was the founder and chairman of tug and barge operator Labroy Marine before he sold it to Dubai Drydocks World in 2008. He has since invested in China Taisan Technology, one of the leading manufacturers in China of knitted fabrics, and Memstar Technology, a water purification outfit. His net worth is US$650million as of 2009.
#13 Chang Yun Chung
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Chang Yun Chung is a Malaysian citizen who has lived in Singapore for decades. He is the founder of Pacific International Lines. Pacific International Lines is one of Asia’s biggest shipowners and it has a large stake in Singamas Container Holdings, which is a listed company in Hong Kong. His net worth is US$640million as of 2009.
#14 Peter Fu Chong Cheng
Peter Fu Chong Cheng heads the Kuo International, which was founded by his late father and has interests in oil, trading and real estate. He also has stakes in his brother-in-law, Ong Beng Seng’s Hotel Properties. His net fortune is US$570million as of 2009.
#15 Ho Sim Guan
Ho Sim Guan is a low-profile tycoon who is the former United Overseas Bank executive. His children also have stake in the bank. He also has stakes in Malaysian beer and rubber companies. His net fortune is US$470million as of 2009.
#16 Chua Thian Poh
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Chua Thian Poh is a high school dropout who earned his first million dollars before he turned 21 years by making hooks and spikes for the logging industry. He founded Ho Bee Investment, which specialises in high-end residential projects in Singapore, London and Shanghai. He owns land at Sentosa Cove, Singapore’s popular waterfront address, and he chairs the Business China Singapore, which supports Singaporean entrepreneurs in China. His net worth is US$450million as of 2009.
#17 Kwek Leng Kee
Kwek Leng Kee, cousin of Kwek Leng Beng, inherited the stakes in Hong Leong Group from his father, who was one of the four brothers who founded the company. His net worth is US$430million as of 2009.
#18 Henry Ng
Henry Ng, together with his three younger siblings, owns the majority of Pan United, Singapore’s largest cement and concrete supplier, which was founded by their father. Henry has resigned from his position as deputy chairman. They sold their shipping firm, Pan-United Marine, to Dubai Drydocks in 2007. His net worth is US$420million as of 2009.
#19 Vivian Chandran
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Vivian Chandran is the widow of the late Robert Chandra, who was the founder of Chemoil, one of the world’s largest providers of marine fuel. Vivian and her daughter Sharon are nonexecutive directors in the company. She is also the president and owner of Franklin Baker, which makes coconut products. Her net worth is US$370million as of 2009.
#20 Koh Wee Meng
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Koh Wee Meng is the son of a jeweller and school teacher. However, he still manages to make a fortune in real estate. He mostly buys and sells affordable residential properties. He also operates a budget hotel. His family runs Aspial, a publicly traded jewellery retailer. His net worth is US$360million as of 2009.
#01 Ng Teng Fong
Ng Teng Fong is a Singapore real estate billionaire. His family owns the development corporation Far East Organization and Sino Group, which are one of the largest property companies in Singapore and Hong Kong respectively. Through Far East Organization, he has developed more than 700 hotels, malls and condos in Singapore. His family net worth is US$8000million as of 2009.
Picture Credit: Forbes
#02 Khoo Family
Khoo Teck Puat was a Malaysian-born banker and hotel owner. He owned the Goodwood Group of boutique hotels in London and Singapore and was the largest single shareholder of Britain’s Standard Chartered Bank. He passed away at the age of 86 and left his fortune to his 14 children. His family sold their stake in Standard Chartered Bank in 2006 for estimated US$4 billion but held on to Goodwood Group of Hotels, which includes Singapore’s Goodwood Park. Their family net worth is US$5500million as of 2009.
Picture Credit: lifeinlegacy
#03 Kuok Khoon Hong
Kuok Khoon Hong heads the world’s largest palm oil firm, Wilmar International. He got started working at his Malaysian billionaire uncle Robert Kuok’s trading firms. He then left in 1991 to found his palm oil company. He is now building one of the world’s largest biofuel refineries. His net worth is US$3500million as of 2009.
Picture Credit: Forbes
#04 Kwee Brothers
The four brothers, Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen and Kwee Liong Phing, share ownership of privately held Pontiac Land. The property developer and hotel operator owns Singapore’s Ritz-Carlton and two office towers near Marina Bay, among others. They recently opened a 6-star hotel, the Capella, on Sentosa. The eldest brother, Kwee Liong Keng, is the managing director of Pontiac Land and was recently appointed Singapore’s Non-Resident Ambassador to Poland. Their family net worth is US$3200million as of 2009.
Picture Credit: asiaone
#05 Wee Cho Yaw
Wee Cho Yaw chairs United Overseas Bank, one of the largest bank in Singapore. The bank was founded by his father in 1935 and he took over his father in 1974. He had recently stepped down as chief executive, handing over the reins of the company to his son. Wee Cho Yaw also chairs the UOL group, which is a large property conglomerate based in Singapore in Asia. His family net worth is US$3100million as of 2009.
Picture Credit: Forbes
#06 Zhong Sheng Jian
Zhong Sheng Jian emigrated from China to Singapore in 1988 and he founded the Yanlord Land Group. He built luxury residences back in his native China and he now has properties in seven Chinese cities. His company is now listed in Singapore and his net worth is US$2000million as of 2009.
Picture Credit: Forbes
#07 Peter Lim
Peter Lim, the son of a fishmonger, became a highly successful stockbroker for wealthy Indonesian clients. He stopped managing other people’s money in 1996 to become a full-time investor. He made a fortune from his investments in Wilmar International, started by his former client Kuok Khoon Hong. His initial US$10million investment is now worth more than US$70million. He also has stakes in fashion retailer FJ Benjamin and brewery restaurant Brewerkz. His net worth is US$1500million as of 2009.
Picture Credit: Forbes
#08 Kwek Leng Beng
Kwek Leng Beng heads the Hong Leong Group, an international conglomerate founded by his father and uncles in the 1940s. He also chairs City Developments, an international property and hotel conglomerate and the leading real estate developer in Singapore. His other interests include Hong Leong Finance, Singapore’s largest finance group; and Millennium & Copthorne Hotels, a London-listed international hotel group. His net worth is US$1200million as of 2009.
Picture Credit: h88
#09 Lee Seng Wee
Lee Seng Wee is the former chairman of Oversea-Chinese Banking Corporation, one of the largest local banks in Singapore. He stepped down as chairman in 2003 and moved to a non-executive position. He is also the director of his family’s Lee Foundation, a charitable foundation in Singapore founded by his father to fund programs that promote education and other philanthropic work. His net worth is US$800million as of 2009.
Picture Credit: Forbes
#10 Ong Beng Seng & Christina Ong
Ong Beng Seng and Christina Ong are one of Singapore’s most influential couples. Ong Beng Seng is the managing director of Hotel Properties, which includes Four Seasons and Hard Rock hotels in Southeast Asia. He also owns rights to Singapore Grand Prix and he just became the nation’s only official Ferrari dealer. His wife, Christina Ong, runs the Como Hotels & Resort and retail empire Club 21. Their net worth is US$700million as of 2009.
Picture Credit: asiaone
#11 Lien Family
Late banker and hotelier Lien Ying Chow left almost half of his UOB shares to a foundation and the rest to his family, including his wife, Margaret, her stepchildren and her step-grandchildren. Margaret is the former head of the Lien Foundation, which was founded by Lien Ying Chow in 1980, and she continues to be executor of her late husband’s estate. The family net worth is US$690million as of 2009.
Picture Credit: lifeinlegacy
Related posts:
- The Top 15 Richest Entrepreneurs in Singapore
Short URL: http://www.singaporeentrepreneurs.com/?p=58
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