Singapore's Richest
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1. Ng Teng Fong
$6.7 billion
79. Married, 6 childrenThrough Far East Organization has developed more than 700 hotels, malls, condos in Singapore. Has extensive Hong Kong portfolio. Other interests include food and drink maker Yeo Hiap Seng, partnering with U.S. foodmaker Hain Celestial Group (nasdaq: HAIN - news - people ) to market organic foods in Asia. Older son Robert oversees Hong Kong interests; younger son, Philip. manages Singapore interests.
2. Khoo family
$5.7 billionLate banker Khoo Teck Puat left fortune to 14 children. Family sold stake in Standard Chartered (other-otc: SCBEF.PK - news - people ) Bank 2006 for $4 billion. Real estate holdings include landmark hotel Goodwood Park. Recently gave $32 million to Peking University in China, $70 million for a hospital to be named after their father.
3. Wee Cho Yaw & family
$3.3 billion
78. Married, 5 childrenSuccession planning under way at Singapore's largest bank, United Overseas Bank, founded by Wee's father in 1935. Wee, who took control in 1974, stepped down as chief executive earlier this year, handing reins to son Wee Ee Cheong; remains chairman.
4. Zhong Sheng Jiang
$2.5 billion
48. MarriedMoved from China in 1988. Began building luxury residences back in his native China 5 years later. Yanlord Land Group now listed in Singapore.
5. Kwek Leng Beng & family
$1.1 billion
66. Married, 2 childrenHeads Hong Leong Group, an international conglomerate started by father, Kwek Hong Png, and Png's 3 brothers in 1940s. Today interests include property company City Developments (other-otc: CDEVY.PK - news - people ); Singapore's biggest finance group, Hong Leong Finance; and London-listed Millennium & Copthorne Hotels. Cousins Kwek Leng Kee (No. 20), Kwek Leng Peck (No. 30) and Malaysian billionaire Quek Leng Chan have separate stakes in vast empire.
6. Kuok Khoon Hong
$960 million
58. Married, 4 childrenGot start working for his uncle Malaysian billionaire Robert Kuok's trading firms. Left in 1991 to cofound Indonesian palm oil producer Wilmar with Martua Sitorus, now an Indonesian rich lister. Merged with Kuok's palm oil business in June 2007 (kept Wilmar name); now building one of world's largest biofuel refineries.
7. Peter Lim
$830 million
54. Married, 2 childrenSon of fishmonger became successful stockbroker for wealthy Indonesian clients; nicknamed King of the Remisiers (Singapore term for stockbroker). Stopped managing other people's money in 1996 to become full-time investor. Held on to stock of winning palm oil producer Wilmar; his initial $10 million investment now worth $700 million. Also second-largest investor in distributor FJ Benjamin.
8. Lee Seng Wee
$650 million
76.Former chairman of Singapore's third-largest bank, Oversea-Chinese Banking Corp., still sits on board. Also director of family's Lee Foundation. In May appointed chairman of Temasek Trust, a civic initiative launched by the government. Fortune down due to new information on family split.
9. Denis Jen
$600 million
83. Married, 2 childrenOrphan fled native China after Communist takeover. Launched textile and trading businesses in Taiwan, Hong Kong before landing in Australia and building real estate empire. Today portfolio includes 5 shopping malls in Australia and pork producer, KR Castlemaine. Keeps low profile.
10. Chew Hua Seng
$595 million
53. Married, 4 childrenFormer timber trader almost went bankrupt when a shipment was lost at sea and banks called in loans. Invested in Singapore government scheme to start private design school; turned initial stake into Raffles Education, which operates 26 private colleges from China to India to New Zealand.
11. Brian Chang
$590 million
64. Married, 3 childrenSouth African-born Chang moved to Singapore and today chairs Yantai Raffles Shipyard, whose stock price has nearly doubled since last year's listing on Norway's over-the-counter board. Operates one of Asia's largest dry docks. Owns 289-foot yacht, Asean Lady, which survived 2005 Asian tsunami intact, despite being off Thai coast.
12. Tan Boy Tee
$520 million
58. Married, 2 childrenFounder and chairman of tug and barge operator Labroy Marine. Company now building new rig-building yard; purchased 16% stake in Norway's Master Marine.
13. Chua Thian Poh
$500 million
59. Married, 4 childrenHigh school dropout earned first million by age 21 making hooks and spikes for logging industry. Later founded luxury property developer Ho Bee Investment; owns land at Sentosa Cove, Singapore's popular waterfront address. Chairs the Singapore Chinese Chamber of Commerce & Industry. Arts patron.
14. Robert Chandran
$490 million
57. Married, 2 childrenBorn in India; made first fortune in U.S. real estate. Founded marine fuel trader Chemoil in 1981; today group is one of world's largest suppliers of marine fuel. Also owns Franklin Baker, Philippines' coconut products company that supplies all the coconut for Girl Scout cookies.
15. Simon Cheong
$480 million
50. Married, 3 childrenFormer real estate investment banker set up own property firm in 1996; today his SC Global Developments is one of Singapore's largest residential property developers. It also owns 41% of Australia's housing developer AVJennings.
16. Cheng Wai Keung & family
$475 million
56. Married, 3 childrenInherited Wing Tai Holdings, a property, retail and textile firm started by his family in Hong Kong in the 1950s; remains chairman. With partners launched $1 billion fund to invest in Chinese real estate.
17. Ho Sim Guan
$460 million
81. MarriedLow-profile tycoon with stake in Wee Cho Yaw's (No. 3) UOB was former bank executive. Also owns stakes in Malaysian beer and rubber companies.
18. Lee Kian Soo
$450 million
62. MarriedGot start working in shipyards before founding Ezra Holdings with his wife in 1992; today firm provides vehicles and services for offshore oil and gas industry. Lee is executive chairman; son Lionel managing director.
19. Ng Chwee Cheng & family
$415 million
75. Married, 14 childrenFormer tire and battery service provider began trading second-hand construction equipment; grew into rental firm Tat Hong, now run by son Roland, who expanded into China, Australia this year. Family also owns 32% of construction engineering firm CSC.
20. Kwek Leng Kee
$360 millionInherited stake in Hong Leong Group from father, Kwek Hong Khai, one of 4 brothers who founded firm. Cousin of Kwek Leng Beng (No. 5) and Kwek Leng Peck (No. 30) holds no management positions at family's companies.
21. Olivia Lum
$345 million
46. SingleOrphan and former chemist founded water treatment firm Hyflux in 1989. Learned to weld so she could personally build first water treatment projects. This year spun off assets into a listed infrastructure trust and struck joint venture with U.S. firm Marmon Water. President of Singapore Water Association.
22. Ow Chio Kiat
$335 million
62. Married, 2 childrenChairs shipping, logistics, real estate firms, all of which he built from a small tugboat company inherited from his father. Considering listing a REIT with assets from property company, Stamford Land. Has more than 1,000 bottles of wine.
23. Margaret Lien
$330 million
65. WidowedInherited shares in Wee Cho Yaw's (No. 3) UOB from her late husband, Lien Ying Chow, who merged his Overseas Union Bank with UOB in 2002. Collectively her family is second-largest individual shareholder in the bank after Wee family. Devout Christian focuses on charity work; heads Lien Foundation.
24. Kartar Singh Thakral
$305 million
73. Married, 5 childrenJoined family's trading business in 1949; empire today includes large real estate holdings in Australia (Thakral Holdings) and consumer electronic manufacturing (Thakral Corp.). Kwek Leng Beng (No. 5) attempted to take over Thakral Corp. last year but failed.
25. John Chuang & family
$285 million
59. Married, 2 childrenSon of a chocolate maker started own venture in 1984. Later merged with father's firm. With help from 2 brothers, William and Joseph, runs Southeast Asia's largest chocolate maker, Petra Foods. With European partner Armajaro Holdings, invested $21 million in cocoa plants in Germany and France this year.
26. Loo Choon Yong
$235 million
58. Married, 2 childrenMedical doctor cofounded Raffles Medical 31 years ago. Today operates a hospital and more than 60 clinics in Singapore and Hong Kong. Began offering acupuncture and other traditional Chinese medical services.
27. Yao Hsiao Tung
$230 million
66. MarriedInvested $33,000 in a lossmaking equipment manufacturer in 1980. It became Hi-P International, a contract electronics manufacturer with 25 plants as far-flung as China and Mexico and more than 15,000 employees. Remains chairman.
28. Wong Ngit Liong
$225 million
65.Fulbright Scholar, trained electrical engineer founded Venture Corp. in 1994 after long career at Hewlett-Packard (nyse: HPQ - news - people ); today it is Singapore's largest contract electronics maker. Completed takeover of rival GES last year. Also owns stake in bulk container company Goodpack.
29. Oei Hong Leong
$210 million
59. Married, 4 childrenSon of one of Indonesia's richest men, Eka Tjipta Widjaja, has made a name for himself as active investor. Stakes in steel, health care, tech companies. Bought land on which he'll reportedly build a Buddha artifacts museum; said to have personal collection of more than 10,000 items.
30. Kwek Leng Peck
$200 millionInherited stake in Hong Leong Group from father, Kwek Hong Leong, cofounder of family firm. Accountant by training, sits on boards of various Kwek family companies and is executive director of family's Hong Leong Asia and City E-Solutions.
31. Ho Kwon Ping
$195 million --
55. Married, 3 childrenRebellious youth was thrown out of Stanford University. Inherited conglomerate from late father and focused on upscale Banyan Tree resort chain; opening new properties in Barbados, Mexico, Greece and a maternity hospital in Kuwait that includes a spa. Wife, Claire, manages group's retail operations.
32. Victor Sassoon
$185 million
49. MarriedWith brother Sunny, runs privately held coffee chain Coffee Bean & Tea Leaf. Bought U.S. chain in 1998 from its American owners; now in 16 countries, more than 500 locations and growing. Buddies with Paula Abdul, who is a fan of his coffee. Also owns franchise to sell Rolex watches in Singapore.
33. Goh Lik Tuan
$170 million
55. Married, 2 childrenBegan selling electronic hobby kits in 1975, which turned into electronic contract manufacturer GES. Sold company last year to Wong Ngit Liong's (No. 28) Venture Corp. in deal valued at more than $600 million.
34. David Lam
$165 million
55. Married, 3 childrenPatented a modular, reusable shipping container; started Goodpack Ltd., which rents boxes to shippers all over the world. Took company public in 2000, now holds 20%. Also patented an idea for a camcorder to be worn on the head.
35. Lee Seng Tee
$155 millionBrother of Lee Seng Wee (No. 8) has separate stake in Oversea-Chinese Banking Corp. Longtime director in Lee Group of companies is known for public service. Last year received honorary degree from New Zealand's Victoria University for financial support of Antarctic research.
36. Christina Ong
$150 million
Married, 2 childrenDaughter of a late Singapore tycoon; married to Malaysian rich lister Ong Beng Seng. Managing director of Club 21, whose holdings include Ishop, which claims to be Asia's largest Apple (nasdaq: AAPL - news - people ) reseller, and a stake in U.K. luxury brand Mulberry; also has joint venture with Giorgio Armani to expand A/X Armani Exchange. Through Como Group has portfolio of luxury hotels, spas. Chairman of Singapore's National Parks Board.
37. Ron Sim Chye Hock
$135 million
48. Married, 3 childrenAs a youngster sold noodles on street, earning 50 cents a day. In 1980 began selling kitchen appliances, household goods; later added massage chairs. His company, OSIM International, took over U.S. retailer Brookstone in 2005, now looking to expand in Mideast.
38. Albert H.C. Teo
$125 million39. Raymond Goh
$115 millionStudied business in Australia, became marketing executive at an offshore vessel service provider. Founded own service outfit, Swiber Group, in 1996. Took public last year; stock has quadrupled.
40. Sim Wong Hoo
$105 million
52. SingleStarted small computer repair store in 1981, which became multimedia company Creative Technology (nasdaq: CREAF - news - people ). Company got $100 million from Apple last year as part of a patent infringement settlement, which also allows Creative to make iPod accessories, such as external speakers.
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mmmkays. thanks for info.
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Do you think Lee Kwan Yee is as rich as them?
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He's probably the richest man in the universe,
$300b.
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no use lah
U have the names of their sons or grandsons or not -
Originally posted by googoomuck:
He's probably the richest man in the universe,
$300b.
Hmmm.. Maybe -
why no my name???
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Originally posted by I-like-flings(m):
why no my name???
Are you from the Fling family? :) -
fcuking flingstone never leave behind any money for mi lor.. knn...
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that crapbox haven finish.. open another for what?
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most of these are entrepreneurs... not alot of them inherited the money... hmmm
Lots of banker and dealings with real estates..... hmmmm
have to win toto at least 100x to be on list.....
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y dun have lky??im sure i saw his name in the richest man in the world somewhere...
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And your point??
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Originally posted by I-like-flings(m):
why no my name???
Your name is not in the list, go back to work till your name is listed.
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Originally posted by £ Ĭ €Ú°:
Do you think Lee Kwan Yee is as rich as them?
According to an Indonesian paper, Kompas, Lee Kuan Yew family wealth is about US$10 billion. Half of that are in Singapore.
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what credible person compiled this list and based on what?
can the list rank credibly if the money of some people are not disclosed?
What prove does the ranker have that there is no undisclosed wealth?
Who would be totally transparent? (i think all lor. song boh?)
ha ha ha.
What a funny world.
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Some of the way these people became rich is real inspiring.
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Originally posted by fairlady_xoxo:
And your point??
Maybe TS is telling us that info forgot to include him?
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Originally posted by Miracles&Prophecies:
According to an Indonesian paper, Kompas, Lee Kuan Yew family wealth is about US$10 billion. Half of that are in Singapore.
Can you show us the article? His law firm earns like crazy lah!
In fact i felt that LKY family's networth is worth alot more. My guess is his private investments are also managed by GIC. His family has a stake in Temasek also, i guess.
Kwek Leng Beng is definitely richer than that. I still think that he is still the richest in Singapore. 1.1Bil is an under statement. They only have figures for his listed companies he owns. Over the years, he has been investing privately in overseas properties and businesses. He was approached to partner in the IR, but in the end he refused because one of the requirements is to declare all his overseas assets.
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Originally posted by Evangel:
Can you show us the article? His law firm earns like crazy lah!
In fact i felt that LKY family's networth is worth alot more. My guess is his private investments are also managed by GIC. His family has a stake in Temasek also, i guess.
Kwek Leng Beng is definitely richer than that. I still think that he is still the richest in Singapore. 1.1Bil is an under statement. They only have figures for his listed companies he owns. Over the years, he has been investing privately in overseas properties and businesses. He was approached to partner in the IR, but in the end he refused because one of the requirements is to declare all his overseas assets.
Er..i thought temesak is owned wholly by the Ministry of Finance..? how can any individual have any stake in a firm thats actually dependable on the capital provided by the Nations Coffers?
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Originally posted by 4getmenot:
Er..i thought temesak is owned wholly by the Ministry of Finance..? how can any individual have any stake in a firm thats actually dependable on the capital provided by the Nations Coffers?
That is my guess.
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Originally posted by Miracles&Prophecies:
According to an Indonesian paper, Kompas, Lee Kuan Yew family wealth is about US$10 billion. Half of that are in Singapore.
Show as the fact dude. Or else I will consider that as pure BS only good for Speakers Corner @sgforums.com -
i tot first is lee family? they own singtel, temasek and all of the ppl's CPF.
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those are not publicly announced wealth.
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declared wealth leh based on company's turnovers, investments and equities..