Top 10 richest people in Singapore

The top 10 richest tycoons in Singapore are:

1) Mr Robert and Philip Ng

Mr Robert Ng and his brother Philip retain their spot on top of the Forbes’ Singapore Rich List for the sixth year. PHOTO: BLOOMBERG
 

Worth: $8.7 Billion

Source Of Wealth: Real Estate

Residence: Singapore

Citizenship: Singapore

Revenues from their real estate empire are down by a fourth to $4.1 billion since 2012.

 


2) Kwek Leng Beng & family

Mr Kwek was trained as a lawyer. 

Worth: $7.2 Billion

Age: 74

Source Of Wealth: Real estate

Residence: Singapore

Citizenship: Singapore

Contributions from overseas hotels aided the international property and hotel conglomerate’s strong showing. Mr Kwek was trained as a lawyer.

 


3) Mr Goh Cheng Liang

Mr Goh made Nippon Paint a household name in Asia.

Age: 88

Source Of Wealth: Paints, self made

Residence: Singapore

Citizenship: Singapore

The media-shy paint tycoon is this year’s biggest gainer, moving up four spots on the list. Mr Goh’s net worth last year was $3.7 billion. His son Hup Jin is Nippon’s executive director and also runs privately held JV Nipsea, a paints and coatings manufacturer.

 


4) Khoo family

(L to R): Ms Elizabeth Khoo and Mrs Mavis Khoo-Oei in 2005. 

Worth: $6.4 Billion

Source Of Wealth: Banking

Residence: Singapore

Citizenship: Singapore

The flagship Goodwood Park Hotel, built in 1900, is looked after by daughter Mavis Khoo-Oei. Mr Khoo died in 2004.


5) Mr Wee Cho Yaw

Mr Wee led UOB as chairman and chief executive for 38 years. 

Worth: $5.5 Billion

Age: 86

Source Of Wealth: Banking

Residence: Singapore

Citizenship: Singapore

Chairman Emeritus of United Overseas Bank, Mr Wee Cho Yaw’s ranking slipped as the bank’s shares fell 5 per cent in the past year.

He and his family hold an 11 per cent stake in Singapore’s third largest bank.

 


6) Mr Eduardo Saverin

Mr Eduardo Saverin, co-founder of Facebook.

Worth: $5.4 Billion

Age: 33

Source Of Wealth: Facebook, Self Made

Residence: Singapore

Citizenship: Brazil

Brazil-born Facebook co-founder Eduardo Saverin became a Singapore resident after renouncing his US citizenship in 2012.

His wealth grew by more than $1 billion this year (from $4.2 billion last year)  on rising shares of the social media giant.


7) Kwee brothers

 Mr Kwee Liong Tek and his brothers head property and hospitality group, Pontiac Land. 

Worth: $5.2 Billion

Age: 70

Source Of Wealth: Real estate

Residence: Singapore

Citizenship: Singapore

The four Kwee brothers (Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen and Kwee Liong Phing) are the sons of Indonesian textile trader and real estate developer Henry Kwee. Their father emigrated to Singapore in the 1950s. They are avid art collectors.​


8) Mr Richard Chandler

Mr Chandler is based in Singapore. PHOTO: YOUTUBE SCREENGRAB/ ABC NEWS

Worth: $2.6 Billion

Age: 56

Source Of Wealth: Investments

Residence: Singapore

Citizenship: New Zealand

New Zealand citizen Richard Chandler relocated to Singapore in 2006. He runs Chandler Corp, a personal investment fund that focuses on energy, financial services and healthcare. He recently co-founded oil and gas exploration outfit Orion Energy, which plans to focus on Latin America.


9) Mr Kuok Khoon Hong

Mr Kuok oversees the “world’s largest palm oil firm” Wilmar International. PHOTO: ST

Worth: $2.6 Billion

Age: 65

Source Of Wealth: Palm oil

Residence: Singapore

Citizenship: Singapore

He’s the boss of agribusiness giant Wilmar International, cited as the “world’s largest palm oil firm”. He is also the nephew of Malaysian businessman Robert Kuok, one of Asia’s best-known billionaires.


10) Mr Raj Kumar and Kishin RK

Mr Kishin RK and his father Raj Kumar have a number of real estate projects in Singapore. PHOTO: RK, Kishin

Worth: $2.4 Billion

Source Of Wealth: Real estate

Residence: Singapore

Citizenship: Singapore

The father-son pair is merging their respective property firms Royal Holdings and RB Capital to meet their target of amassing gross assets of $8 billion by 2020. Their latest project is a new 60-story office tower that will be among the tallest in Singapore.

It will be built on the site of Royal’s old corporate headquarters in the Raffles Place business district.

Sources: Forbes Asia, The Straits Times, The Business Times

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