The Top 10 Richest People Of Singapore in 2012

singapore richest people 2012Singapore is known or many specialties that it posses and makes it one of the most desirable places to visit. Whether you are a citizen of an under developed country or a proud citizen of West, your interest in Singapore and the Rich stories of  Mr. Richs of the country is inevitable.

Here are the Top 10 Richest people of Singapore in 2012

1. Ng Robert & Philip

Net Worth: $9,200 million

Source of wealth: Real Estate

The undefeatable, outstands and stay firm on his place Ng family are again topped on the list of being the richest in Singapore, who are running family far East Organization who has setting up various malls and hotels in Singapore and thus has a annual revenue of &5.5 billion. Initially the family fortune was under the name of Ng family, Ng Teng Fong who develop 700 hotels, condons and malls in Singapore. The brothers, Philip and Robert manage the interest of family and are the co executors of family estate the fortune is featured under them. Robert Ng is the chairman of Hong Kong property development, Sino Group where as Philip deals in hotel investment, opening and purchases.

2. Khoo family

Net Worth: $6,700 million

Source of wealth: banking

Malaysian business tycoon, Kho Teck Phuat has left his entire fortune for his kids in 2004 including the stake by selling them he became se3cond richest, the shares were sold of $4 billion. The family owns the Goodwood Group of Hotels, and keeps donating on the name of their father.

3. Wee Cho Yaw

Net Worth: $4,700 million

Source of wealth: Banking

He is the Chairman of United Overseas Bank which was formed by his father initially but he has been running it for last 33 years till 2007 when his son, Wee Ee succeeded as the chief executive. The family owns a plot for condominium development at a winning bid of $193 million. Nearly a third of family fortune comes from real estate holding. The Singaporean government acknowledges his public services by awarding him Public Service Star in 1971 and also he was the Singapore Businessman of the year for his terrific corporate success in 1990-2001.

4. Kwee brothers

Net Worth: $4,000 million

Source of wealth: Real Estate

These brothers own many 5-star hotel and shares ownership of private help Pontiac land that is a hotel operator and property developer, Singapore 9s Ritz-Carlton among others. In 2012 march they increase their stake up to 50% in Capitol Center that is a $600 million luxury property development and recently started 6-star hotel the Capella, on Sentosa. These brothers are Kwee Liong Keng, the oldest, Kwee Liong Tek, Kwee Liong Seen and Kwee Liong Phing.

5. Richard Chandler

Net Worth: $2,400 million

Source of wealth: Investment

Chandler, as a business executive and senior project manager aims small to mid size companies to grow. In 2007 the brothers split their assets and Chandler investment style has been described as deep value investing primarily and especially in distress situations and globally emerging markets. In June 2012 he staked in Papua New Guinea oil and gas company InterOil and last year he invested when the shares of Canada-listed Chinese timber company Sino-Forest was sinking and so he became the second largest shareholder but later the company was delisted from the Toronto Stock Exchange. He is also the father of Freedom to Create and Freedom to Create Prize, international awards that celebrate the power of art to assist social justice and inspire human spirits.

6. Kwek Leng Beng & family

Net Worth: $2,400 million

Source of wealth: Diversified

He is the head of Hong Leong Group that includes the share of cousins Kwek Leng Peck and Kwek Leng Kee. It is initially founded by their fathers in 1940 and nowadays QuekLeng Chan, Malaysian billionaire is a head of Hong Leong Group Malaysia.

7. Kuok Khoon Hong

Net Worth: $2,300 million

Source of wealth: Palm Oil

He holds small no of shares and cofounded the world’s largest palm oil company, Willmar International where he is appointed as chief executive but due to declining profit last year his shares fall up to 30%. In 2007 Willmar has a joint venture with Malaysian billionaire Robert Kuok’s palm oil business who was his uncle thereby he heads combine group. He also invested in Zhong Sheng Jian’s Yanlord Land and London’s Aviva Tower which he owns together with Indonesian billionaire and Martua Sitorus.

8. Eduardo Saverin

Net Worth: $2,200 million

Source of wealth: Face book, self-made

A student of Harvard University who abandoned his American citizenship last year is a cofounder of Face book. He settles his dispute with former best friend Mark Zukerberg and social network. He also invested in Starts up including Jumio which created the online payment company Netswipe.

9. Peter Lim

Net Worth: $1,700 million

Source of wealth: Investment and self-made

He has been investing and selling stocks and stockbroker turned investor, since selling his shares in palm oil giant Willmar for $1.5 billion has been busy in further investments and joining board. He invested in British sports car maker McLaren Automotive and he is a great philanthropist as he donated $ 1.6 million to scholarships for deserving candidates at her daughter’s school, Hwa Chong International School.

10. Ong Beng Seng & Christina Ong

Net Worth: $1,600 million

Source of wealth: Diversified

The couple has been investing into profitable areas as their biggest asset shares in, Mulberry, luxury British handbag maker. The Asian pair buy from east and sell in west, they franchises other’s people brand and sell them at the right time that is why they are called as traders.. His wife Christina, known as the Queen of Bond Street because she owns all the designer franchises in London, also holds boutique hotel operator Como Group. The couple has also invested in oil trader Kuo International, runs by her brother.

More than one-third of the 40 richest people in Singapore have mode their fortune in finance industries and property dealing. The collective net worth of 40 people is $ 28 billion which is $2 billion more than their rivals, Malaysia.


5 thoughts on “The Top 10 Richest People Of Singapore in 2012”

  1. Who are doing Real Estate business they are become rich in early.More comfort in Real Estate but the same time more dangerous.Thanks for gathering these whole information.

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