Wednesday, November 13, 2024

Who are the 10 richest people in Singapore? Net worth ranking – from Tesla’s Elon Musk fan Leo Koguan to Haidilao co-founder Zhang Yong to Mark Zuckerberg’s former face One of my book colleagues

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10. Key Brothers

Total net worth: USD 6.3 billion

Kwee Lion Teck of the Kwee brothers, owners of Singapore’s Pontiac Land Group.Photo: Handout

Four of Singapore’s 10 richest people, including the Kwee brothers, made their fortunes through real estate. Kwee Lion Keng, Kwee Lion Teck, Kwee Lion Sheen, and Kwee Lyon Finn, who have a net worth of US$6.3 billion, own Pontiac Land and the Capella Hotel they acquired.・Owns and operates a large number of luxury hotels, including chains. 2017. The brothers are also reportedly avid art collectors.

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9. Leo Coguan

Net worth: USD 6.5 billion

Leo Coguan’s wealth is currently mostly in Tesla stocks. He is widely known to be a fan of Elon Musk. Photo: @isr_sg/Twitter
The person who is $200 million richer is tech tycoon Leo Coguan, who has a net worth of $6.5 billion. He runs his Shi International with his ex-wife and company CEO Ty Lee. This his IT provider is worth his $14 billion. But his real claim to fame and fortune comes from his accolades. To Tesla founder Elon Musk – Mr. Koguan is said to be the world’s largest Tesla stock investor.

8. Wee Cho Yo

Net worth: USD 7.1 billion

Wee Kyaw Yoo, Chairman Emeritus and former Chief Executive Officer of United Overseas Bank;Photo: Naashon Zarc

Mr Wee Kyaw Yeo from the finance and investment department has US$7.1 billion in his bank account. He is the former CEO and current chairman emeritus of United Overseas Bank (formerly United Chinese Bank), which was co-founded by his father Wee Kian Cheng in 1935. UOB is currently his third largest bank in Singapore.

7. Koo family

Total net worth: 8.5 billion USD

Standard Chartered Bank investor Khoo Teck Puat left behind a legacy on which the Khoo family now builds its wealth.Photo: Reuters

The Khoo family built their wealth on the foundation laid by Standard Chartered banker and banker Khoo Teck Puat, who now owns a stake in the Goodwood Group of Hotels. The family’s matriarch, Mavis Koo Oei, is the hotel group’s chairman. However, the family derived most of their US$8.5 billion fortune (US$4 billion to be exact) from the sale of their stake in Standard Chartered Bank in 2006. The Khoo family is also deeply involved in philanthropy, establishing Khoo Teck Puat Hospital in 2010.

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6. Zhang Yong and Shuping

Total net worth: USD 9.7 billion

Haidilao co-founder Zhang Yong and his wife opened the first branch of the hot pot restaurant in Sichuan province in 1994. Photo: @gamedefiner/Instagram

The husband-and-wife duo, who share a fortune of US$9.7 billion, are from China and are the masterminds behind the famous spicy Sichuan hot pot chain Haidila. The company has around 1,500 locations in China, North America and other parts of Asia, and went public in Hong Kong in 2022.

5. Kweku Lembeng and his family

Total net worth: 11 billion USD

Mr Kwek Leng Beng is the Executive Chairman of City Developments, Singapore’s second largest property developer. Photo: @millennium/Instagram

The Kweku family, another family that has made billions in real estate, runs the Hong Leong Group. Kwek Leng Beng is the executive chairman of global real estate conglomerate City Developments. Thanks to stakes in these famous real estate businesses, the family’s net worth is his $11 billion USD.

4. Goh Cheng Liang

Net worth: USD 12.3 billion

Mr Goh Cheng Liang owns a majority stake in Nippon Paint Holdings, making him the fourth richest person in Singapore.Photo: Sohu

Goh Cheng Liang shows that dedication and a proven formula are one surefire way to success. Goh has expanded from a small paint factory to a partnership with Nippon Paint Holdings, the world’s fourth largest paint manufacturer. His majority stake in the Japanese company brings his net worth to US$12.3 billion.

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3. Lee Shitin

Net worth: USD 14 billion

Mr. Li Xiting. Photo: X

As the saying goes, health may be priceless, but success in the healthcare business certainly comes with a price tag (US$14 billion to be exact). Li Xiting’s wealth comes from Mindray Bio-Medical Electronics, headquartered in Shenzhen. The company’s products range from ultrasound machines and defibrillators to veterinary medical systems.

2. Robert Ng and Philip Ng

Total net worth: 14.8 billion USD

Sino Land chairman Robert Ng (pictured) and his brother are two of Singapore’s richest people.Photo: SCMP archive

The real estate giants ranked at the top of this rich list are brothers who control the city state’s largest private real estate development company. Robert Ng and Philip Ng headed the Far East organization founded by their father Ng Teng Fung, who also built the family’s Hong Kong faction, trading as Sinoland on the Hong Kong Stock Exchange. Together, the brothers own US$14.8 billion. .

1. Eduardo Saverin

Net worth: USD 16 billion

Eduardo Saverin co-founded Facebook with Mark Zuckerberg and is Singapore’s richest person.Photo: Wire Image
Singapore’s richest man, with a net worth of $16 billion, moved to the city-state in 2009 and renounced his American citizenship in 2012. If the name Eduardo Saverin sounds familiar, it’s because he was a schoolmate of his who started Facebook. Co-founder Mark Zuckerberg. Although he still owns a stake in what has now been renamed Meta Platforms, the Brazilian native is now primarily focused on B Capital, the venture capital fund he co-founded in 2016.



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