Singapore Top 20 Richest People And What They Do To Earn These Money (2015)

I was reading an article on Listabuzz on Singapore Top 20 Richest People and i thought it would be really nice to put them all under one page – with the richest on the top list.

#1 Robert Ng & Philip Ng

Net worth: $12.8 billion
Source: Real Estate
What They Do: Late father founded Far East Organization which younger son Philip Ng overseas and Sino Group, chaired by eldest son Robert Ng. They operates across Hong Kong, Malaysia and China.

#2 Leng Beng Kwek (74)

Net worth: $7.8 billion
Source: Real Estate
What He Does: Executive Chairman of Hong Leong Group of companies comprising of HL Finance, HL Investment, City Development Ltd, Millenium & Copthorne hotels. He has a on-going list of properties investments locally and overseas. One prime asset was the Tree House Condo which was listed in the Guinness world record as the world’s largest vertical garden.

#3 Khoo Family

Net worth: $7 billion
Source: Banking
What They Do: The family’s wealth has its roots in their late father handsome stakes in the British Standard Chartered Bank, although they sold the late father’s stake for $4 billion in 2006. The late banker Khoo Teck Paut who passed on in 2004 founded Maybank. One of the prominent bank assets would be Goodwood Group of hotels.

#4 Wee Cho Yaw (86)

Net worth: $6.2 billion
Source: banking
What He Does: His dad founded United Overseas Bank and currently the Chairman Emeritus of the UOB. Under his management, he has created a extensive network of 500 branches spanning across 19 countries. Other affiliations includes UOL, UIC, Haw Par Corp and Wee Foundation.

#5 Kwee Brothers (70)

Net worth: $6 billion
Source: Real Estate
What They Do: The four brothers own Pontiac Land Group and other prime assets including Ritz Charlton, Patina, Capella, Conrad Continental hotels, Millenia tower & Centennial tower. This also includes 50% stake at the $600 million Capital site revamp project. They have team up with two other property firms to construct a $1.3 billion, 72-storey residential apartment in Manhattan.

#6 Eduardo Saverin (33)

Net worth: $4.2 billion
Source: Facebook
What He Does: The Brazilion born is the co-founder of popular social media, Facebook. He owns 4% stakes in Facebook, valued about $3 billion. In addition, he is also the co-founder and chairman of Los-Angeles Velos Partners firm. he has investments in Hampton Creek foods, airport car rental service, Silvercar and international technology start-ups such as Qwiki (Joined Yahoo in July 2013) and Jumio.

#7 Goh Cheng Liang (87)

Net worth: $3.2 billion
Source: Paints
What He Does: Founded Nipsea in 1962 after joint venture with Japanese Nippon paint to become their major distributor. He owns about 50 factories across 16 Asian countries. Currently co-owns Nippon paint having the single highest stage of 39%. He has also diversified investments made via his Wuthelam firm.

#8 – Richard Chandler (56)

Net worth: $3 billion
Source: Investments
What He Does: Make investments in both private and public companies varying sectors including healthcare, financial services, energy and consumer. Some prominent assets are 10% stake in African oil, 80% stakes in Hoan My Medical (Vietnam’s biggest private hospital), 19% stake in Canada-based Inter-oil Corporation operating in Papua New Guinea (New York Stock Exchange-listed), 25% stake in London-listed Green Dragon Gas and minority stakes in Philippines The Medical City.

#9 Peter Lim (61)

Net worth: $2.5 billion
Source: Investments
What He Does: From his success as a local Indonesian stockbroker and income generated from his Manchester United labelled cafes in Asia. He has in 1996 invested $10 million in the oil palm company, Wilmar International, which he later sold to attain his billionaire status. As a soccer fan, he has recent acquired La Liga’s Valencia CF for $475 million and 50% stakes in England’s Salford City FC. He has also controlling stakes in McLaren Automotive, Thomson Medical Center, FJ Benjamin, Rowsley Ltd and other more.

#10 Khoon Hong Kuok (65)

Net worth: $2.4 billion
Source: Palm oil
What He Does: Co-founder and CEO of Wilmar International, the world’s number one palm oil producing company. The company also involved in bio-diesel production, fertilizer manufacturing, sugar refining, oilseed crushing, edible oil refining etc. His assets includes 12% ownership of Wilmar, 27.5% stake at Shree Renukar Sugars (India’s no. 1 sugar refinery) and Australia’s largest bakery, Goodman Fielder which he acquired at a whooping $1.25 billion.

#11 Raj Kumar & Kishin RK (60,31)

Net worth: $2.3 billion
Source: Real estate
What They Do: The father and son pair are real estate moguls with properties ranging from retail space to hotels to offices and hospital suites. The father own the Royal Holding company while his son owns and runs a similar company, RB Capital. Some paramount asset includes a 442-room Holiday Inn Express Hotel and latest on-going $800 million refurbishing of Robertson Quay.

#12 Chang Yun Chung (96)

Net worth: $2.1 billion
Source: Shipping
What He Does: Founder and Executive Chairman of Pacific International Lines which is one of the top shipping firms in the world, having a capacity of more than 100 vessels, routing between South-east Asia, Middle East, Africa and China. He is also affiliated to Singamas Container Holdings, a container manufacturing company which is listed among Hong Kong’s stock market. The company also has investments in more than 10 other shipping firms.

#13 Sam Goi (66)

Net worth: $2.1 billion
Source: Frozen food
What He Does: Also referred as The Popiah King, he owns and chairs the globally recognised food and beverage manufacturing industry Tee Yih Jia. The food business expanded and operates in four other countries including Malaysia, China, America and Europe. He is also the chairman of property development group GSH Corp. He also own stakes in numerous business enterprises including Yamada Green, JB foods and etc.

#14 Oon Kuin Lim (71)

Net worth: $2 billion
Source: Oil Trading
What He Does: Currently founder and CEO of Hin Leong Group which is not only Singapore’s largest but Asia’s largest oil traders trading with an annual figure of $14 billion. He has plans to establish a $1.7 billion oil terminal at Meizhou Bay back in his homeland in Fujian, China.

#15 Ong Beng Seng & Christina Ong (70, 67)

Net worth: $1.8 billion
Source: Diversfied
What They Do: Mr. Ong is a mega investor, having stakes in several companies, includes Mulberry and Four Seasons. He is also a successful hotelier, having built and established hotels within Singapore and in the diaspora. Similarly, his wife Mrs Christina Ong is also a successful hotelier whom has been referred as Queen of bond street because she has numerous properties in the London Bond Street and more around the world. She is the founder and CEO of COMO Group, which comprises of Club 21, involved in fashion retailing for brands such as Giorgio Armani, Calvin Klein, COMO Hotel and Resort and COMO Shambhala.

#16 Lee Seng Wee (84)

Net worth: $1.6 billion
Source: Banking
What He Does: Former chairman of Oversea Chinese Banking Corporation (OCBC), formed by a merger masterminded by his late father. Currently a member of the executive board and nominating board of OCBC. He is also affiliated with companies such as Lee Foundation and Lee Rubber Group.

#17 Wee Meng Koh (51)

Net worth: $1.6 billion
Source: Real Estate & Hotel
What He Does: Koh split away from his father jewellery making company and started his career in real estate. Today, he is the founder and CEO of Fragrance Group and also a non-executive chairman at the hotel arm of the company, Global Premium hotels which has a chain of budget hotels. Has a great passion in collecting vintage automobiles.

#18 Tang Wee Kit (60)

Net worth: $1.5 billion
Source: Retail
What He Does: He owns Singapore’s first ever retail store, a legacy acquired by their late father, The Tang Holdings also own The Marriott luxurious hotel, one of the many properties under their investment company.

#19 Rom Sim (56)

Net worth: $1.5 billion
Source: Retail
What He Does: His success is accomplished with his self-made retail business within and outside of Singapore. He founded OSIM International in 1980, famous for its manufacture for luxury massage chairs. Other affiliated companies includes General Nutritional Cooperation (GNC), Richlife and Brookstone.

#20 – Asok Kumar Hiranandani (60)

Net worth: $1.4 billion
Source: Real Estate
What He Does: Founder of Royal Group Holdings, a property company known to have huge investment in the health-care sector. They also own numerous buildings, especially hotels all over Singapore. In addition, they are also responsible for the recent multi-million renovation and transformation of the Ritz Charlton Double Bay in Sydney – with name changed to The Intercontinental Sydney Double Bay.