The Five Richest Singaporeans of 2017

Singapore has one of the highest millionaires per capita around the world, but who are the richest people in Singapore? Read on as we unveil who makes the 2017 list.

Singapore has one of the highest millionaires per capita around the world, but who are the richest people in Singapore? Read on as we unveil who makes the 2017 list.

Khoo Family: Net Worth $6.3 billion

The Khoo family wealth got a very large start thanks to the late Khoo Teck Puat who founded Maybank and was a large shareholder in Standard Chartered Bank. He passed away in 2004, leaving his family his shares, with them selling them in 2006 for $4 Billion. The family owns the Goodwood group of hotels and focuses on philanthropology.

Wee Cho Yaw: Net Worth $6.4 billion

The eldest son of Wee Kheng Chiang who founded UOB bank, Mr Wee became the chairman in 1974. Under his leadership, the bank has expanded globally and is now one of the largest banks in the region.

Kwek Leng Beng: $7.1 billion

Although he is now the Chairman of the Hong Leong Group, Kwek Leng Beng started at the company in an entry level position - a fact made even more impressive as his father was the owner of the group. The group owns over 100 hotels in 22 countries.

Goh Cheng Liang: $7.5 billion

Chances are you have used Goh Cheng Liang's products in your house as he owns 39% of the Nippon paint group. Now worth billions, he came from humble beginnings before being approached by Nippon in 1959 to become their distributor for South East Asia and the rest, as they say, is history.

Robert and Philip Ng: $10.2 billion

Robert and Philip are the son of Ng Teng Fong, who founded Far East Organisation in the 1960's. One of the largest property development companies within Singapore, the brothers are also CEO's of the Sino group, as well as the Far East Organisation - with the group being behind some of the biggest malls in Singapore.


Written by
Poppy covers a wide range of topics at Billionaire, having spent the past 13 years at companies including Singapore Tatler, Her World Plus and Harpers Bazaar UK. She has a passion for fashion, jewellery and travel as well as an avaricious fascination with crime novels. Follow her at poppypskinner on Instagram.

 

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