Singapore's 40 richest

[jbsmith]

Ng Teng Fong is still the richest.

Singapore's 40 richest

by Ellen Joy Anastacio

Singapore's wealthiest are feeling the pinch of rising inflation and decelerating gross domestic product. Fortunes made from real estate have dropped significantly, with tycoons like Chua Thian Poh seeing their net worths fall by 40%

Still on top of the list, however, is last year's richest man, Ng Teng Fock, who added $300 million to his fortune this year. Singapore's newest billionaires are Kuok Khoon Hong, co-founder of palm oil giant Wilmar International, as well as investor Peter Lim.

Foreign citizens who made their fortune in the country are also listed, including newcomer British citizen Sunny George Verghese, head of Olam International. Other additions to this year's list are 24th place Koh Wee Meng of the budget hotel Fragrance Group and Chemoil Robert Chandran's widow Vivian Chandran, who inherited his stakes.

Fashion entrepreneur turned hotelier Christina Ong dropped out from the list due to the drop in value of her Mulberry shares.

Forbes says it calculated the public fortunes using share prices and exchange rates as of August 7.

THE FULL LIST
Rank Name Net worth (in US$mil) Age
1 Ng Teng Fong & family 7,000 80
2 Khoo Family 6,100 NA
3 Wee Cho Yaw & family 3,600 79
4 Zhong Sheng Jian 1,800 49
5 Kuok Khoon Hong 1,300 59
6 Kwek Leng Beng & family 1,200 67
7 Peter Lim 1,100 55
8 Lee Seng Wee 730 77
9 Tan Boy Tee 720 59
10 Brian Chang 560 65
11 Ho Sim Guan 500 82
12 Chew Hua Seng 460 54
13 Kwek Leng Kee 430 54
14 Chang Yun Chung 360 90
15 Ow Chio Kiat & family 340 63
16 Lee Kian Soo & family 330 63
17 Olivia Lum 325 47
18 Ng Chwee Cheng & family 285 76
19 Ho Kwon Ping 280 56
20 Chua Thian Poh 260 60
21 Cheng Wai Keung & family 255 57
22 Simon Cheong 245 51
23 Vivian Chandran 240 NA
24 Koh Wee Meng 230 45
25 Kwek Leng Peck & family 220 52
26 Loo Choon Yong 215 59
27 Oei Hong Leong 210 60
28 Yao Hsiao Tung 200 67
29 Victor Sassoon 195 50
30 Kartar Singh Thakral 190 74
31 John Chuang & family 185 60
32 Lee Seng Tee 180 NA
33 Goh Lik Tuan 175 56
34 Wong Ngit Liong 170 66
35 Henry Ng & family 160 50
36 Margaret Lien 140 66
37 Wong Fong Fui 135 65
38 Mustaq Ahmad 130 57
39 Sunny George Verghese 125 48
40 David Lam 120 56

 

[omega]

No ministers name on the list? Surely they have accumulated enough millions to be listed? Or they are exempt from declaring their assets?

 

[ANDYSIAO14]

eh....they missed out my family name

 

[BlueCat]

a lot of them,inherited their fortunes.
maybe some of them are those big ah long behind the scenes.

 

[jbsmith]

No. 38 Mustaq Ahmad

Is he the owner of Mustaffa Centre?

 

[hughgrant]

how can LKY not be there?
i tot he very rich

 

[congo9]

how can LKY not be there?
i tot he very rich

Thought Lee KA Shing once told the press that the ASIAN Richest man is in Singapore !

 

[madmansg]

all holding second passport as NS is killing Sg.

 

[Wang Ye]

Thought Lee KA Shing once told the press that the ASIAN Richest man is in Singapore !

Who else but XXX owns his own Island city complete with serfs?

 

[middaydog]

eh....they missed out my family name

David Lam overtook me by one number

 

[peasantJUDGE]

No ministers name on the list? Surely they have accumulated enough millions to be listed? Or they are exempt from declaring their assets?

I am sure the Lee family is among the top 40. They must be very good at staying out of the radar screen.

 

[luvcunt]

I am sure the Lee family is among the top 40. They must be very good at staying out of the radar screen.

This must be an understatement.

They are definitely one of the top in the world not S'pore but kept a very secret profile.That's why there are never any check and balance

Same goes to the thai monachy

 

[jw5]

No ministers name on the list? Surely they have accumulated enough millions to be listed? Or they are exempt from declaring their assets?

The people in this top 40 list have a net worth of at least 9 figures in US$.
My guess is that most of the ministers would be in the 8 figure range.
I didn't see Sim Wong Hoo in the list, where do you think he is ranked?

 

[jw5]

David Lam overtook me by one number

You are at US$119,999,999?

 

[Big Sexy]

why MS name not there????

he is rich in sperm what... lidat also not count????? Microsoft will be very upset to know if his name is not in the top 40...

 

[tonychat]

Those "rich pple" will not show their wealth, they only show those that REALLY contribute to the economy and has nothing to hide.

 

[WOOHOO]

too many nmes are not in there. Where are all those big timers wahahahaha later CPIB lall fall in here!!! wahhahaha

 

[american]

Olivia Lum 325 47

Rich Tai Tai

Margaret Lien 140 66

Rich Granny

Vivian Chandran 240 NA

Rich neh neh :p

 

[KheongKarn]

How come these buggers are so rich ?

Will they and their children understand the problem facing by majority of wage earners like us ?

 

[jw5]

How come these buggers are so rich ?

Will they and their children understand the problem facing by majority of wage earners like us ?

Almost all of the people on the list are businessman or businesswomen or family members of business people. They have no obligation to listen or help ordinary wage earners or even the poor. However, I think many of them do.
It is the elected government officials who have the obligation to listen and help the common man with emphasis on citizen and the poor. I really don't know whether they listen or do enough. :(