Another year, another set of billionaires from Singapore set to fight it out to be on the world’s richest people lists. If you wanted to know which Singaporean tycoons made it to the Bloomberg list, you’ll find eight of them here.
Who are the 8 Singaporean billionaires on Bloomberg’s Billionaire Index?
Goh Cheng Liang
According to a report by Asia One, this 92-year-old man has a total net worth of USD 10.7 billion thanks to Wuthelam Holdings, which is a paint and coatings business. Emloying over 23,000 workers, the partnership with Nippon Paint in Japan is still based in Singapore and has branches in seventeen countries. It’s the largest shareholder in Nippon Paint, as well.
Wee Cho Yaw
United Overseas Bank is the third biggest lender by assets in Asia, and Wee Cho Yaw is at the head of this money-making machine. With 500 branches spread out all over nineteen countries, the Chairman Emeritus presided over USD 293 billion in customer deposits and USD 388 billion in assets last year.
As the top 189th Bloomberg billionaire, this mogul is the chairman of Shenzhen Mindray Bio-Medical Electronics. They are a Chinese manufacturer of medical equipment. While the company is based in China, this Singaporean earned $2.6 billion last year. You’ll find their products in over 110,000 medical institutions all over the world, and are usually patint monitoring and medical imaging devices.
Shu Ping and Zhang Yong
The 49-year-old Singaporean woman and her 48-year-old husband are the founders and directors of Haidilao International Holding, which is recognizable for its name as being one of the most popular Chinese hotpot places. Her total net worth is USD 7.51 billion, while the husband comes in at a slightly lower networth of USD 7.49 billion, thanks to the Beijing-based hotpot empire.
Do you think he feels emasculated by that slight (but still million-dollar) deficiency in net worth?
Tan Kim Choo
The wife of late property magnate Ng Teng Fong’s age is unknown, as she is a very private individual. With her net worth pegged at USD 6.32 billion, it just shows that being the largest shareholder in Far East Organization definitely pays off. It is, after all, the biggest property developer in Singapore. Its reputation of completing over 770 projects definitely put in on the map. She has two sons, Philip and Robert Ng.
Philip and Robert Ng
It’s not a surprise, then, that Madam Tan’s two children are the last of the Singaporeans on Bloomberg’s Billionaire Index. Philip and Robert control Hong Kong developer Sino Group.
Robert is the older brother at 68, with Philip a few years younger than him at 61. The latter is worth USD 5.96 billion while former is worth USD 5.9 billion.
Their property development company owns Fullerton Hotel Singapore and Conrad Hong Kong. They also have stakes in Hong Kong developer Tsim Sha Tsui Properties.
According to the same report by Asia One, the Bloomberg Billionaire’s Index uses daily data fed about billionaires’ stocks and properties to provide the best list of the richest people and their nationalities. They also analyze where the wealth of these people come from.
Surprised not to find Peter Lim and The Popiah King here?