It is not surprising that some of the richest men in the World happen to live in the island state of Singapore. Singapore’s business is flourishing with different kinds of industries to invest it. But not only that some of the most brilliant minds come from Singapore as well as evidenced by the no. 24 ranking of the National University of Singapore in the latest THES-QS survey. Although the island is small, its residents surely make shock waves in businesses and some of them are covered here.
1. Robert and Philip Ng
The brothers had an estimated sum of 10 Billion US Dollars’ worth of money and investments under their names. They acquired such amount through the property development which was most probably handed down to them by their very wealthy father, Ng Teng Fong.
Robert Ng is the current Chairman of the Sino Group which owns lots of properties including Sino Land which has the most promising commercial and residential land developments and Sino Hotels which owns some of the most luxurious hotels in the Asian region.
2. Kwek Leng Beng
Another property magnate, Kwek Leng Beng is a competitor of the Ng brothers but his account does not seem too far from his opponents. Kwek Leng Beng is worth more than 7 Billion Dollars and he is not stopping there. He is currently the Executive Chairman of the Hong Leong Group Singapore. And like the Ng Brothers, Kwek Leng Beng inherited the legacy of his father, Kwek Leng Png.
Originally a trained lawyer, Kwek Leng Beng joined the family business to maintain its legacy and he did not fail. He had become popularly affiliated with the Hong Leong Group and added some investments for the company which included an international hotel group, property development and distribution of goods.
3. Khoo Family
There’s always an element of inheritance among the billionaire that make them stay on top. Among them is the Khoo family. They had received an inheritance from their deceased father and very wealthy banker and hotel owner, Khoo Teck Puat.
Well, his family is very, very rich because their father had the largest single-person stock from the international bank, Standard Chartered, which they had sold for $4 Billion Dollars. But their total worth is around 6.7 Billion Dollars, which is split between is fourteen children. The family also owns the Goodwood Group of Hotels which included the ancient GoodWood Park Hotel in Singapore.
Feature Image Source: Erwin Soo @ Flickr