Forbes Names Singapore’s 2013 Billionaires

Forbes has recently named Singapore’s 21 billionaires for 2013. According to the recent rich list; Singapore has grown up from 16 a year ago. Real estate tycoons Philip and Robert Ng have dominates the top 1 rank among city state’s billionaires, with an estimated net wealth of US$10.6 billion, its net wealth rises almost half from US$1.4 billion last year.

As real estate magnates, the Ng brother manages the Far East Organization – an organization initiated by Ng Teng Fong (late father). Far East Organization in establishing malls, condominiums, plus its 700 hotels anywhere in Hong Kong and Singapore.

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The chairman of City Developments, Kwek Leng Beng was named as second on the rank of billionaires from number six. Beng has US$7.1 billion net worth from US$2.4 billion in 2012. US$6.7 billion kept Khoo family in the third rank. Its net worth remained the same compared last year.

Goh Cheng Liang, corporate partner of Nippon Paints reach the ninth rank with a total net worth of US$2.1 billion. While Oxley Holdings chairman Ching Chiat Kwong dominates the 36th spot with a net wealth of US$510 million.

Net worth if US$505 million made Super Group owner David Teo in the 37th rank. Forbes welcomes newcomer Serge Pun of Yoma Strategic Holdings, is place on the 38th spot of rich people with a net worth of US$500 million.

Historically, Pun is one of ten newcomers for this year’s list, Forbes said. Forbes reported US$80 billion as combined net worth of Singapore’s richest. In fact, information on Singapore rich list were obtained from stock exchanges, individuals, and families, finance experts and other reliable sources such as financial information and shareholding. Forbes will continue to document richest people, families, and entrepreneurs in the four-corners of Singapore.


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