Singapore's Richest People

American business magazine Forbes has compiled a list of Singapore's 40 richest people. The list was compiled based on the individual's net worth calculated in July 2012.

At the top of the list are brothers Robert and Philip Ng, with a net worth of $10.1 billion. The brothers are real estate tycoons handling the family estate inherited from their late father Ng Teng Fong. This includes development corporations Far East Organisation and Sino Group. The bulk of their wealth stems from Tsim Sha Tsui Properties which is helmed by elder brother Robert in Hong Kong, says Forbes.




The Khoo family, emerging second on Forbes' wealthy list, own a net fortune of $6.7 billion left behind the late banker Khoo Teck Puat in 2004. The family of banking tycoons also control the Goodwood Group of Hotels and frequently donate to various causes in Khoo Teck Puat's name.

Also on the list of Singapore's richest is Kwek Leng Beng and his family. Kwek is the executive chairman of Hong Leong Group Singapore, a globally diversified firm encompassing international operations of more than 500 companies. His cousin, Malaysian billionaire Quek Leng Chan heads Hong Leong Group Malaysia. The family's net worth stands at $2.4 billion.

Satinder Garcha is the youngest on the richest list at just 42, with a net worth of $315 million. The self-made multi-millonaire is best known for developing luxury landed homes on Sentosa Cove and Good Class Bungalows, and was recently reported to be venturing into the high-end boutique hotels business with a hotel management company called Garcha Hotels.

Here's a list of Singapore's 40 richest people, according to Forbes.

Rank	Name	Net Worth	Age
1	Ng Robert & Philip	$9,200 M	-
2	Khoo family	$6,700 M	-
3	Wee Cho Yaw	$4,700 M	84
4	Kwee brothers	$4,000 M	-
5	Richard Chandler	$2,900 M	54
6	Kwek Leng Beng & family	$2,400 M	72
7	Kuok Khoon Hong	$2,300 M	63
8	Eduardo Saverin	$2,200 M	31
9	Peter Lim	$1,700 M	60
10	Ong Beng Seng & Christina Ong	$1,600 M	68
11	Raj Kumar & Kishin RK	$1,500 M	59
12	Zhong Sheng Jian	$1,400 M	55
13	Lee Seng Wee	$1,350 M	82
14	Sam Goi	$1,300 M	64
15	Koh Wee Meng	$1,250 M	50
16	Lim Oon Kuin	$1,050 M	69
17	Tang Wee Kit	$970 M	58
18	Lien family	$965 M	-
19	Asok Kumar Hiranandani	$910 M	58
20	Tan Boy Tee	$855 M	64
21	Chang Yun Chung	$815 M	94
22	Oei Hong Leong	$765 M	65
23	Bhupendra Kumar Modi	$755 M	64
24	Ho family	$725 M	-
25	Choo Chong Ngen	$690 M	61
26	Michael Kum	$670 M	68
27	John Chuang	$605 M	65
28	Peter Fu Chong Cheng	$540 M	-
29	Loo Choon Yong	$535 M	64
30	Henry Ng	$510 M	55
31	Chua Thian Poh	$470 M	65
32	Ow Chio Kiat	$445 M	68
33	Ron Sim	$435 M	55
34	Cheng Wai Keung	$355 M	62
35	Lim Hock Chee	$345 M	51
36	Yao Hsiao Tung	$325 M	73
37	Satinder Garcha	$315 M	42
38	John Lim	$310 M	57
39	Olivia Lum	$305 M	52
40	Ho Kwon Ping	$280 M	60

Singaporean business magnate Ong Beng Seng and his wife Christina Ong were ranked the tenth most richest people in Singapore by Forbes last year. The power couple's combined net worth is a reported US$1.6 billion (S$2 billion) as of July 2012.

Businessman and investor Peter Lim is the ninth richest person in Singapore with an estimated net worth by Forbes of US$2 billion (S$2.53 billion) as of March 2013.

In  6 th place. Kwek Leng Beng heads Hong Leong Group in Singapore and property and hotel developer group City Developments Limited (CDL). Hong Leong Group was started by his late father Kwek Hong Png and his uncles.

Kwek Leng Beng's Malaysian billionaire cousin Quek Leng Chan (above) heads the Hong Leong Group in Malaysia.

Kwek Leng Beng with his wife, Cecilia Kok Phooi Lin. He has descirbed her as a 'smart investor'.

Dr Wee Cho Yaw and family (UOB Bank)are r anked as Singapore's second richest family with a net worth of US$5 billion (S$6.3 billion) as of March 2013.

His son Wee Ee Cheong (above) is currently CEO of UOB.

When he was seven years old, his family immigrated to Singapore. His father, Datuk Wee Kheng Chiang of Sarawak, was a businessman.

The Khoo family is the second richest family in Singapore. Forbes ranked their net worth to be approximately US$6.7 billion (S$8.5 billion) as of July 2012. (Above: The late Tan Sri Khoo Teck Puat.)

The Khoo family sold the Standard Chartered shares to Temasek Holdings in 2006. Punters speculated that the shares were worth around S$6.5 billion. (Above: Eric's wife Eun Choo, Eric Khoo and Mavis Khoo.)

Source - Plushasia and Forbes