Far East Organisation’s Ng Brothers Top Forbes Singapore Rich List

7/27/2018 12:56:42 PM
written By : Team India Se Print

Real Estate Firm, Far East Organisation’s Ng brothers – Robert and Philip have retained their top spot in Forbes Singapore Rich List 2018, while also seeing biggest dollar gains.

The magazine’s annual survey has also revealed that the combined wealth of Singapore's 50 richest tycoons has swelled by 11 per cent to nearly US$116 billion (S$158 billion), up from US$104.6 billion last year,.

The Ng brorthers have a net worth of US$11.9 billion, up US$2.5 billion from last year. They are followed by as Facebook co-founder and Singapore permanent resident Eduardo Saverin with a net worth of US$11.8 billion, also up US$2.5 billion this year.

Retaining third spot is paint tycoon Goh Cheng Liang, whose net worth rose US$700 million to US$8.5 billion. Goh has a 39 per cent stake in Japan's Nippon Paint Holdings, and his son Goh Hup Jin was named chairman of Nippon Paint in March.

Others in the top 10 are Kwek Leng Beng of Hong Leong Group with US$7.6 billion, Khoo family (US$6.7 billion), New Zealander and Singapore permanent resident Richard Chandler with a net worth of US$3.15 billion and Royal Holdings’ Raj Kumar and son Kishin RK with US$2.7 billion.

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