The Forbes Billionaires: 22 Singaporeans on the List

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A total of 22 Singaporeans were among those named the “richest people in the world” by business magazine Forbes on March 5th 2019.

The business magazine noted that Asia Pacific is the region with the most billionaires accounting for 767 of the total lists with an estimated net worth of US$2.5 trillion.

The richest person on the planet for the second-year running was Amazon CEO Jeff Bezos with an estimated net worth of US $131 billion followed by Bill Gates with US $ 96.5 billion and Asia’s Richest Person was India’s Mukesh Ambani, who ranked 13th with a net worth of US$ 50 billion.

Singapore’s top spot went to property siblings Robert and Philip Ng, who was on the 11th Spot with a net worth of US$ 12 billion.

 

Singapore’s top 10 richest listed on the Forbes Billionaires List

SN Rank Name & Description Net worth (USD $)  
1 112 Robert & Philip Ng

 

Controller of Far East Organization and Singapore largest private landlord and property developer.

 

12 billion
2 203 Goh Cheng Liang

 

His 39% stake in Nippon Paint Holdings, the 4th largest paint manufacturer in the world has made up the bulk of his wealth.

 

7.2 billion
3 224 Zhang Yong

 

China’s richest restaurateur and Chairman of Sichaun hot pot chain Haidilao.

 

Haidilao is renowned for its spicy dishes and attentive customer service, including offering free manicures for waiting customers.

6.8 Billion
4 267 Wee Cho Yaw

 

We Cho Yaw is the chairman emeritus of United Overseas Bank, Singapore’s third-largest lender. His oldest son Wee Ee Chong is UOB’s Current CEO.

 

6.1 Billion
5 311 Kwee Brothers

 

The four Kwee siblings control privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across Singapore.

 

 

5.6 Billion
6 745 Kwek Leng Beng

 

Kwek Leng Beng is the executive Chairman of Singapore’s Hong Leong Group, founded by his father in 1941.

 

He is also the Executive Chairman of City Development, Singapores’ second- largest property developer.

 

3 Billion
7 804 Raj Kumar & Kishin RK

 

The father and son pai are among Singapore’s leading landlords with their Royal Holdings/ RB Capital property empire.

 

Notable hotels they own include the Holiday Inn Express at Clarke Quay and Hotel Intercontinental at Robertson Quay.

2.8 Billion
8 877 Choo  Chong Ngen

 

Hotel tycoon made is fortune in textiles before launching his Hotel 81 budget chain in Geyland, Singapore’s red light district.

 

His group of hotels is now known as Worldwide Hotels with a presence in Singapore, Thailand, Malaysia and Australia.

 

2.6 Billion
9 916 Jason Chang

 

 Jason Chang chairs Taiwan’s Advanced Semiconductor Engineering (ASE).

 

ASE is the world’s largest provider of independent semiconductor assembling and test manufacturing services.

 

2.5 Billion
10 916 Peter Lim

 

Peter Lim after cashing out of palm oil giant years ago is now focossed on property, healthcare and sports.

 

He is the owner of Thomson Medical Group.

2.5 Billion
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