ID :
197802
Thu, 07/28/2011 - 08:24
Auther :
Shortlink :
https://oananews.org//node/197802
The shortlink copeid
SINGAPORE’S 40 RICHEST WORTH US$52.4 BLN
SINGAPORE, July 28 (Bernama) -- Singapore’s 40 richest are now collectively
worth US$54.4 billion, up by US$8.7 billion, or 19 per cent, compared with last
year, according to the latest rich list published by Forbes Asia.
They recorded the increase despite a slowdown in the economy and weak stock
market.
The family of the late Ng Teng Fong remains at the top with US$8.9 billion,
up by US$1.1 billion from last year. Their fortune is tied to their two property
holdings -- privately-held Far East Organization and Hong Kong-listed Tsim Sha
Tsui Properties.
The family of the late Khoo Teck Puat comes in at No. 2 with U$6.7 billion,
up by US$800 million from last year. They retain a stake in the Goodwood Group
of Hotels. In 2006, they sold their stake in Standard Chartered Bank for an
estimated US$4 billion to Temasek, Singapore’s state investment company.
At No. 3 is veteran banker Wee Cho Yaw with US$4.2 billion, an increase of
US$600 million over last year. He chairs United Overseas Bank founded by his
late father.
There are 13 billionaires on this year’s list compared with 11 last year.
The two newcomers are the Lien family and Sam Goi.
Sam Goi debuts at No. 12 with a net worth of US$1.2 billion. The 62-year old
food tycoon is popularly known as Singapore’s "Popiah King".
Another newcomer is oil trader Lim Oon Kuin, who founded Hin Leong at age 20
and developed it into one of Singapore’s largest independent oil traders. The
67-year old is ranked No. 16 with a net worth of US$840 million.
Overall, 31 on the list are richer compared with last year, including
hotelier Koh Wee Meng of Fragrance Group.
Koh jumped 10 spots to No. 14 as his net worth rose by more than
two-and-a-half times on the back of a buoyant property market and tourist
influx. He is now worth US$920 million, compared with US$335 million
previously.
Also enjoying a big percentage jump are Ong Beng Seng and his wife,
Christina. Their wealth almost doubled to $1.9 billion as shares of their UK
fashion house, Mulberry, soared. They are jointly ranked at No. 7 compared with
No. 11 previously.
Kwek Leng Kee comes in at No. 19 with US$680 million, compared with $515
million previously.
Kwek Leng Peck is ranked No. 29 with US$380 million, up from US$250 million
in 2010.
Mustaq Ahmad at No. 37 returns to the list after a two-year absence. The
60-year old is worth US$240 million and owns the popular 24-hour retailer
Mustafa Centre. The store is big draw for bargain-hunting tourists from his
native India.
-- BERNAMA
worth US$54.4 billion, up by US$8.7 billion, or 19 per cent, compared with last
year, according to the latest rich list published by Forbes Asia.
They recorded the increase despite a slowdown in the economy and weak stock
market.
The family of the late Ng Teng Fong remains at the top with US$8.9 billion,
up by US$1.1 billion from last year. Their fortune is tied to their two property
holdings -- privately-held Far East Organization and Hong Kong-listed Tsim Sha
Tsui Properties.
The family of the late Khoo Teck Puat comes in at No. 2 with U$6.7 billion,
up by US$800 million from last year. They retain a stake in the Goodwood Group
of Hotels. In 2006, they sold their stake in Standard Chartered Bank for an
estimated US$4 billion to Temasek, Singapore’s state investment company.
At No. 3 is veteran banker Wee Cho Yaw with US$4.2 billion, an increase of
US$600 million over last year. He chairs United Overseas Bank founded by his
late father.
There are 13 billionaires on this year’s list compared with 11 last year.
The two newcomers are the Lien family and Sam Goi.
Sam Goi debuts at No. 12 with a net worth of US$1.2 billion. The 62-year old
food tycoon is popularly known as Singapore’s "Popiah King".
Another newcomer is oil trader Lim Oon Kuin, who founded Hin Leong at age 20
and developed it into one of Singapore’s largest independent oil traders. The
67-year old is ranked No. 16 with a net worth of US$840 million.
Overall, 31 on the list are richer compared with last year, including
hotelier Koh Wee Meng of Fragrance Group.
Koh jumped 10 spots to No. 14 as his net worth rose by more than
two-and-a-half times on the back of a buoyant property market and tourist
influx. He is now worth US$920 million, compared with US$335 million
previously.
Also enjoying a big percentage jump are Ong Beng Seng and his wife,
Christina. Their wealth almost doubled to $1.9 billion as shares of their UK
fashion house, Mulberry, soared. They are jointly ranked at No. 7 compared with
No. 11 previously.
Kwek Leng Kee comes in at No. 19 with US$680 million, compared with $515
million previously.
Kwek Leng Peck is ranked No. 29 with US$380 million, up from US$250 million
in 2010.
Mustaq Ahmad at No. 37 returns to the list after a two-year absence. The
60-year old is worth US$240 million and owns the popular 24-hour retailer
Mustafa Centre. The store is big draw for bargain-hunting tourists from his
native India.
-- BERNAMA
