Top 10 Richest Man in Singapore 2014 (Billionaires)

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Find out the Top 10 Richest Man in Singapore 2014 by net worth. All the top 10 Singapore’s wealthiest man are billionaires in USD.

1) Robert & Philip Ng

Net Worth: US$ 12.8 billion

Source of Wealth: Real Estate

Property baron brothers Robert and Philip Ng have continued an Australian buying spree. Their Far East Organization bought prime properties in Sydney and Perth, including a Sydney office tower for $142 million in March. In November, they paid $6 million for an island in New South Wales. Their Singapore-listed Far East Hospitality Trust has a dozen properties worth a total of close to $2.5 billion. Largest part of their public fortune is in Tsim Sha Tsui Properties, chaired by eldest sibling Robert, in Hong Kong. Philip oversees family’s Singapore interests. Robert joined Temasek’s board in June.

 

2) Kwek Leng Beng & Family

Net Worth: US$ 7.8 billion

Source of Wealth: Diversified

In an ongoing overseas expansion, Kwek Leng Beng’s London-listed Millennium & Copthorne Hotels spent close to $385 million to acquire the 158-suite Chelsea Harbour Hotel in London and the Novotel in New York’s Times Square. His City Developments recently built the world’s largest vertical garden in an upmarket condo project called The Tree House in Singapore. Next-gen Kweks are stepping up; in April, son Sherman, who manages the China operations, was named City’s chief investment officer and nephew Eik Sheng was appointed chief strategy officer. Fortune includes shares belonging to Kwek, who is executive chairman, five siblings and two Singapore-based cousins. His Malaysian cousin Quek Leng Chan, is also a billionaire.

 

3) Khoo Family

Net Worth: US$ 7 billion

Source of Wealth: Diversified

A decade after the death of banker Khoo Teck Puat, founder of Maybank and investor in Standard Chartered Bank, his heirs continue to run the Goodwood Group of Hotels, best known for its iconic 114-year-old hotel near Orchard Road, which displays a bust of the late Khoo in its lobby. After selling the Standard Chartered holding for $4 billion in 2006, the Khoo family has become active in philanthropy, donating to a variety of causes.

 

4) Wee Cho Yaw

Net Worth: US$ 6.2 billion

Source of Wealth: Banking

Wee Cho Yaw is the chairman emeritus of United Overseas Bank, among Singapore’s top 3 banks and the second largest by market capitalization. It was founded by his father in 1935. Son Wee Ee Cheong, who runs UOB, is Singapore’s second-highest-paid banker, with a $7.5 million annual pay package.

 

5) Kwee Bothers

Net Worth: US$ 6 billion

Source of Wealth: Real Estate

The 4 siblings made a splash last October with their first big investment outside the island nation. Their privately held Pontiac Land teamed up with Goldman Sachs and Houston developer Hines to revive a stalled project to build a 72-story Manhattan luxury residential tower next door to the Museum of Modern Art that will also include gallery space for MoMa. The $1.3 billion development is being designed by award-winning French architect Jean Nouvel.

 

6) Eduardo Saverin

Net Worth: US$ 4.2 billion

Source of Wealth: Self-Made; Facebook

Facebook cofounder Eduardo Saverin, who was born in Brazil and has been living in Singapore since renouncing his U.S. citizenship in 2012, was among year’s biggest gainers. The climb in the value of Facebook shares has added close to $1.6 billion to Saverin’s net worth since August 2013. He now spends his time as an angel investor and has poured millions into startups, including Jumio, a credit card validation company; ShopSavvy, a mobile shopping application; and, most recently, RedMart, a Singapore-based online grocery store.

 

7) Goh Cheng Liang

Net Worth: US$ 4.2 billion

Source of Wealth: Self-Made; Paints

After backing out of a bid last year to triple his family’s 15% stake in Japan’s Nippon Paint to 45%, reclusive paint tycoon Goh Cheng Liang’s son Hup Jin inked a more modest deal in February doubling their privately held Wuthelam Group’s holding to 30%. In return the Japanese firm will raise its stake in several companies under their joint venture Nipsea Group, covering markets such as China, Malaysia, India, Vietnam. Goh, whose wealth got a boost partly as a result of these moves, is a generous philanthropist;his Goh foundation gave $40 million to the National Cancer Centre Singapore in March.

 

8) Richard Chandler

Net Worth: US$ 3 billion

Source of Wealth: Investments

New Zealand citizen Richard Chandler, who has made Singapore his home, is betting big on energy. His Chandler Corp.’s assets include a 19% stake in NYSE-listed, Canada-based InterOil Corp., with operations in Papua New Guinea, and close to 10% of Africa Oil, a Canadian explorer that discovered Kenya’s first crude with Tullow Oil in 2012. Other interests include stakes in a string of Southeast Asian health care firms such as Vietnam’s largest private hospital group, Hoan My Medical Corp., and a chain of Philippine hospitals and clinics.

 

9) Peter Lim

Net Worth: US$ 3 billion

Source of Wealth: Investments

Manchester United fan is close to achieving his long-held dream of owning a soccer team, working to complete a $480 million deal to buy a controlling stake in Spanish football club Valencia. He is promising to clear its debts, construct a new stadium and sign new players. Four years ago Lim failed in a bid to buy Liverpool in England’s Premier League. Lim is one of the largest investors in Malaysia’s Iskandar region: Singapore-listed Rowsley, in which he owns 50%, is building a gated city that will be next to a medical complex, Thomson Iskandar, which Lim is developing separately. He is also developing a $1 billion motorsports complex, FASTrack Iskandar, to be completed by 2016.

 

10) Kuok Khoon Hong

Net Worth: US$ 2.4 billion

Source of Wealth: Palm Oil

Singapore-based nephew of Malaysian billionaire Robert Kuok and chairman and chief executive of palm oil giant Wilmar International, Kuok Khoon Hong is busy diversifying the company into other commodities and consumer food items. Wilmar and First Pacific, a Hong Kong-listed investment firm controlled by Indonesian tycoon Anthony Salim, have offered $1.2 billion to take over Australian foods group Goodman Fielder. Earlier in February, Wilmar entered India, picking up a 27.5% stake in Shree Renuka Sugars, India’s largest sugar refiner, for $200 million.

 

* The Singapore Wealthiest List was updated on July 2014. The complete list of Top 50 Richest Man in Singapore can be obtained at Forbes.com

Find out also Top 10 Richest Man in Malaysia 2014.

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