Richest Men in Singapore
October 1st, 2007
Forbes has released the list of richest people in Singapore. (The title of this post is not exactly right – a couple of them are women.)
Can we learn a thing or two about getting rich from this list? Maybe.
First, more than a handful of these 40 people are into property and banking (i.e. choose the right sector).
Second, some of them inherited stakes in businesses and expanded them further (i.e. choose the right parents, ahem 
).
And third, they work for themselves (i.e. quit your job!)
I reproduce the list of Singapore’s 40 Richest here, with a short profile summary for each of them:
- US$6.7 billion – Ng Teng Fong, 79, property development
- US$5.7 billion – Khoo Teck Phuat’s family, real estate & investment in bank
- US$3.3 billion – Wee Cho Yaw & family, 78, banking: United Overseas Bank (UOB)
- US$2.5 billion – Zhong Sheng Jian, 48, luxury residence development: Yanlord Land Group
- US$1.1 billion – Kwek Leng Beng & family, 66, hotel & property development, finance: Hong Leong Group, CDL
- US$960 million – Kuok Khoon Hong, 58, palm oil & biofuel: Wilmar
- US$830 million – Peter Lim, 54, invested in Wilmar
- US$650 million – Lee Seng Wee, 76, banking: OCBC
- US$600 million – Denis Jen, 83, shopping malls & pork
- US$595 million – Chew Hua Seng, 53, education: Raffles Education
- US$590 million – Brian Chang, 64, shipyard: Yantai Raffles Shipyard
- US$520 million – Tan Boy Tee, 58, tug & barge operator: Labroy Marine
- US$500 million – Chua Thian Poh, 59, luxury property development: Ho Bee Investment
- US$490 million – Robert Chandran, 57, marine fuel: Chemoil
- US$480 million – Simon Cheong, 50, residential property development: SC Global Developments
- US$475 million – Cheng Wai Keung & family, 56, property, retail & textile: Wing Tai
- US$460 million – Ho Sim Guan, 81, invested in UOB
- US$450 million – Lee Kian Soo, 62, services for oil & gas: Ezra Holdings
- US$415 million – Ng Chwee Cheng & family, 75, construction equipment: Tat Hong
- US$360 million – Kwek Leng Kee, inherited stake in Hong Leong Group
- US$345 million – Olivia Lum, 46, water treatment: Hyflux
- US$335 million – Ow Chio Kiat, 62, shipping, logistics, real estate
- US$330 million – Margaret Lien, 65, inherited UOB shares from husband Lien Ying Chow
- US$305 million – Kartar Singh Thakral, 73, real estate & consumer electronic manufacturing
- US$285 million – John Chuang & family, 59, chocolate maker: Petra Foods
- US$235 million – Loo Choon Yong, 58, medical service: Raffles Medical
- US$230 million – Yao Hsiao Tung, 66, contract electronics manufacturing: Hi-P International
- US$225 million – Wong Ngit Liong, 65, contract electronics manufacturing: Venture Corp.
- US$210 million – Oei Hong Leong, 59, investor
- US$200 million – Kwek Leng Peck, inherited stake in Hong Leong Group
- US$195 million – Ho Kwon Ping, 55, resort & spa: Banyan Tree
- US$185 million – Victor Sassoon, 49, coffee chain: Coffee Bean & Tea Leaf
- US$170 million – Goh Lik Tuan, 55, contract electronics manufacturing: GES
- US$165 million – David Lam, 55, shipping container: Goodpack Ltd.
- US$155 million – Lee Seng Tee, banking: OCBC
- US$150 million – Christina Ong, luxury fashion: Club 21
- US$135 million – Ron Sim Chye Hock, 48, massage chairs: OSIM International
- US$125 million – Albert H C Teo, hotel & property development: Amara Holdings
- US$115 million – Raymond Goh, shipping services: Swiber Group
- US$105 million – Sim Wong Hoo, 52, multimedia products: Creative Technology
Masindi Says:
October 2nd, 2007 at 8:52 am
Many wealthy people not on your list. Why?
admin Says:
October 2nd, 2007 at 2:53 pm
Masindi, maybe Forbes can’t put a number to their wealth, or maybe they’re just not rich enough?
Who do you have in mind?
Vikram Jivani Says:
February 16th, 2008 at 8:15 pm
The minimum age in the list is 46
….
Wealth Journey Says:
June 28th, 2008 at 11:22 pm
These people are my idols!
To get a few million is easy..
but to get above $100mil really separates the men from the boys.
lovebugsx3 Says:
July 21st, 2008 at 10:17 pm
sheeesh,these people are dammn rich siaa.if i were to be compared to them,i sure am a small ant you see crawling everywhere,finding food.sad case,sad case.why dont they donate some of their money to the public?haha,joking.duhh.well,they rock my world and they are pretty good role models.
lordguna Says:
January 7th, 2009 at 9:04 am
We can be rich if we follow what the rich people do. If you don’t tell your money what to do your money will tell you what to do. So get a budget and start crawling your way to it. It will be a painful way, but hey almost everyone started the same like us.
abib noor Says:
April 23rd, 2009 at 8:03 pm
my dad get onli 3k!this is a big difference!
Joseph Says:
November 27th, 2010 at 6:53 pm
Hi. I’m a poor boy. I need some money to come up in life. Can anyone donate me withh money? Thanks.
Lee Says:
March 6th, 2011 at 12:35 pm
omg… i dont need 100million or wad. Just give me one million is enough to make me fly to the skies. Maybe each of the top 40 just give me 25k. so 25k x 40 = 1m. =D
Richard Says:
December 22nd, 2011 at 10:54 pm
Hi,
I am a poor man who need financial assistance from rich people, if you can give me extra cash. I would be able to survive with my son.
I and my son are jobless due to poor health. My wife have separated from me since 2009 and leave us in the lurch.
Both my parents have passed away.
I am suffering from diabetes, anxiety and depression. I need to see doctor urgently for my medical check-up and my daily medication have finished. My son also suffering from asthma, anxiety, depression and skin problem, every time he go out he have to bring along his inhaler and his daily medication also finished. We have nobody to turn to for urgent financial help. Without daily income, we cannot survive and buy our medicines surely will die from hunger and sickness.
We need money $5000 today so that we can pay our outstanding bills and seeing doctor for check-up and buy medicines.
My son need $13,000 today to pay the school fee to ITC and University of London (UOL) now for him to attend the full time course on UOL Diploma in Law next year April, 2012. Thereafter, we need $5000 on every month to pay our daily living expenses, monthly bills and medical compulsory.
Our Christmas, New Year and Chinese New Year is coming soon and we everyday very worried about no money on hand to celebrate this happy occasion.
Please any rich people or kind hearted person help us instantly.
I daily pray to the Lord that I will receive a good news shortly.
Thank you for your understanding and assistance.
Yours sincerely,
Richard
God Says:
December 29th, 2011 at 8:35 am
Don’t pray for God only when you need money or material goods…