But, I think I must be among the minority in Singapore judging from the success of this Sichuan hot pot chain run by number two on this list restauranter Zhang Yong. Fortunes take a hit as growth stalls and currency falls SINGAPORE (July 23, 2015) – Robert and Philip Ng retained their six-year hold of the top spot in the latest Forbes Singapore Rich List, with a combined net worth of US$8.7 billion. The source of his wealth comes from Haidilao, a Sichuan hotpot restaurant famous for its spicy food, superb customer services and its massages for waiting customers. Back in January, he wasn’t even in the top 15 list of richest people in Singapore. However, it October 2018, the company was relisted on the Shenzhen stock exchange. A country of great diversity, there are many options to travel both within the US and to Central & South America. Li Ka Shing owns the Fortune 500 Company Hutchison Wampoa Limited, and through Hutchison Port Holdings they control a staggering 52 terminals in 26 different territories across the globe. A conversation about their wealth cannot exclude their late father, Ng Teng Fong. All Rights Reserved. The list, which estimates the 1,000 richest people in the UK, is based on identifiable wealth including land, property, other assets such as art, and shares in companies, the Sunday Times says. This is not your Asian-American 'be a doctor / lawyer!' Singapore is one of only a handful of countries to have managed it in the past half century. The wealthiest countries in terms of GDP-PPP are Qatar, Luxembourg, Singapore, Ireland, and Brunei, whereas the US, China and Japan top the list in terms of GDP alone. Thank Ron Sim for that, as he’s the founder of Osim … Li-Ka Shing is the richest man in Hong Kong, and one of the wealthiest people in Asia, with an incredible net worth of $33.9 billion. Philip Ng heads the local operations along with his other siblings who serve as executive directors. Zhang is the co-founder and chairman of Haidilao. Among all the wealthy families in Singapore, Peter Lim’s daughter probably has the most extravagant lifestyle. Shing is a business magnate, philanthropist, and investor. The company co-founded went public on the New York Stock Exchange in 2006 and was subsequently taken private by Li and a consortium in 2016. He is currently the chairman of the board for CK Hutchison Holdings, through which, he’s the leading port investor, develop and operator worldwide. This is especially true for ventilators which have become a hot commodity around the world, as nations rush to get their hands on these devices. China-born Li who is now a naturalised Singaporean citizen is one of the youngest billionaires on this list. However, the region still remains the richest, with a net worth of US$2.5 trillion between its 767 billionaires. Eduardo Saverin, at 38, is Brazilian by birth and received … Robert and Philip Ng have managed to retain their spot at the top of the Forbes Singapore 50 wealthiest list. Singapore's wealthiest are worth a collective $32 billion. His son, Goh Hup Jin is also the Director of the Board for Nippon Paint Holdings and runs their privately held joint venture, the NIPSEA group. NagaWorld is the largest casino resort in Indochina. The duo also strengthened their relationship, when Goh boosted his stake in Nippon Paint Holdings to 39.56 per cent, making him the largest shareholder in the company. Peter Lim, a former stockbroker became rich when he ventured into property and healthcare but it is his investment into sports entertainment that took the cake. This is a list of richest royals, as estimated by the CEOWORLD magazine in 2019 and Business Insider in 2018, by their personal net worth, excluding properties held by … Although he controlled at least a quarter of Singapore’s housing market, Ng lived in the same house he has had for 30 years, and used to take his own lunch on to aeroplanes. He was the founding member of the … Forrest runs Sea Group which has mobile and PC gaming platform Garena, e-commerce platform Shopee and digital financial services platform SeaMoney under its umbrella. Dr Vivian Balakrishnan (1961– ) – Minister for Foreign Affairs. He then went on to study engineering at a university in Shanghai. His friends and his wife provided the seed money for Haidilao which amounted to about 10,000 yuan (~S$1,971). Shing is a business magnate, philanthropist, and investor. This provided him with the business skills and grit that served him well over the years. Raffles Medical is named after Raffles Institution, the school where Loo studied. Raffles has expanded into China with a hospital in Chongqing and another hospital due to open in 2020 in Shanghai. Li obtained his degree from the University of Science and Technology in China. Top 10 Richest Singaporeans in 2019 And How Did They Get There? After their father passed away in 2010, the brothers teamed up to expand their father’s empire further making further inroads into Hong Kong and expanding to Australia. According to Bloomberg, Li hails from Tianjin, China. The services are similar to Alibaba Group Holding’s e-commerce platform and payments business Alipay. Here are the few wealthiest families in Singapore and what made them who they are. Thanks to Zhang Yong, Kwek Leng Beng, and Goh Cheng Liang, the top 50 wealthiest people in Singapore saw their wealth surge in the past year to reach $130 billion. The billionaire Musk’s net worth pushed up by $8.3 billion, to $105.4 billion on Wednesday, making him the fourth-richest person in the world. The company raised US$1 billion($1.37 billion) and was valued at about roughly US$12 billion (S$16.47 billion). Sheldon Gary Adelson (/ ˈ æ d ə l s ə n /; born August 4, 1933) is an American businessman, investor, philanthropist and political donor.He is the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands Bernard Arnault is the fifth-richest person in the world, with $80.2 billion. 4 Singapore Families On Forbes' Asia's Richest Families List 2017; Meet The Man Who Revitalised Robertson Quay, Kishin RK; 50 Philanthropists In Asia Who Are Changing The World; Goh Cheng Liang #203 Goh Cheng Liang, Nippon Paint (Singapore) Net worth: US$7.2B. He … There are 50 people and they are so famous. We’ve ranked each in accordance with their net worth as of 2019. He is currently the chairman of the board for CK Hutchison Holdings, through which, he’s the leading port investor, develop and operator worldwide. His wealth is derived from his 15.5% stake in Sea Group. Meanwhile, shipping tycoon Chang Yun Chung ($1.5 billion) is the oldest … Being a doctor is one's curiosity about the human anatomy and passion to cure other people’s . Fret not, ask our community here! He earned his degree from the National University of Singapore and worked in pediatrics at the Toa Payoh Hospital in the 80s. 2020 Singaporean billionaires list I would bet that the walls around your house use Nippon paint. These life-saving devices are critical in the fight against COVID-19 as COVID-19 patients whose lungs have been attacked by the virus require these devices to survive. The coronavirus pandemic is being blamed for a fall in the overall wealth of the UK's richest people. Currently, Goh Cheng Liang is valued at US$14.9 billion (S$20.45 billion). FEO was started by their late father back in 1960, reportedly with some assistance from one of Singapore’s earliest billionaires, Eliya Thamby. Randy Astaiza. But, I … (Related: 4 Singapore Families On Forbes' Asia's Richest Families List 2017) Story continues below. Last but not least we have Forrest Li Xiaodong, the founder, chairman, and group Chief Executive Officer (CEO) of SEA Group. Back in January, he wasn’t even in the top 15 list of richest people in Singapore. To say his rise was meteoric is an understatement. Zhang is currently worth US$16.2 billion (S$22.26 billion). Net Worth: US$2.5 billion. Zhang Yong: Hotpot Honcho (S$22.26 billion) Here’s a shocker. In addition to his medical training, Loo also read law at the University of London. Most of them are businessmen. P andemic-induced economic pains have pushed Singapore into recession. Unlike the other entrepreneurs on this list, Zhang never finished high school. According to the company, its products and services are used by healthcare facilities in over “190 countries and regions”. According to the South China Morning Post, 69-year-old Li originates from Dasngshan, a province in rural Anhui renowned for its peaches and pears. He then renamed the company Sea Group to mirror its ambition for the Southeast Asia (SEA) region. Whereas the older brother, Robert Ng, is the chairman of their Hong Kong-based sister company, Sino Group. Aug 20, 2008. $6.3 million were donated by the company to hospitals hard-hit Wuhan and northern Italy which have been ravaged by the Coronavirus pandemic. This is a list of Singaporean billionaires based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2017. The richest songwriter in the world is Paul McCartney with a net worth of $1.2 billion. Based on Forbes Japan's Richest 2015 # Name Age Net Worth Source of Wealth Notes 1: Tadashi Yanai: 66: US$21.1 billion: Fast Retailing: 2: Masayoshi Son: 57: … Loo Choon Yong cofounded Raffles Medical Group with two clinics in Singapore in 1976. Now with a net worth of US$16.7 billion (S$22.94 billion), Li has taken the top spot. Singapore Budget 2020: All You Need To Know, 12 Best Personal Finance Podcasts You Should Be Listening To, Ridiculous Things Billionaires Spend Money On. I have never eaten at Haidilao. According to figures from the International Monetary Fund, Qatar is the richest country in the world after data showed that the country's GDP in 2013 was $105,091 per person living in the gulf state. 5 in the list of top 10 richest politician of Singapore. The family office of James Dyson, the billionaire founder of vacuum cleaning giant Dyson Ltd., has incorporated in Singapore and is in the process of hiring IT and financial-services staff. They are 12% richer than they were last year. Li Ka Shing & Family – Net Worth $31 Billion, Hong Kong. Singapore has the highest achieving students in international education rankings, with its teenagers coming top in tests in maths, reading and science. He dropped out of school and started work as a welder in a state-run tractor factory in his hometown of Jianyang in Sichuan, China. By TheRichest Jun 20, 2012. His addition to this list is largely due to the surge in Sea Group’s stock price which grew 880% in 18 months and the runaway success of mobile gaming sensation Free Fire. Robert Kuok is the Malaysian richest man and has risen over US $300 million when he listed his PACC Offshore Services Holdings in Singapore which is the leading operator of vessels in Asian for offshore oil & gas exploration. Most of them got their wealth from the real estate industry. Being a doctor is one's curiosity about the human anatomy and passion to cure other people’s . Today, the NIPSEA group is Asia’s largest paintmaker and has operations in 17 geographical locations. Dr. Amarendra Bhushan Dhiraj Executive Education July 24, 2015 October 19, 2018. Moreover, unlike other medical equipment like gloves what can be mass-produced in factories, manufacturing ventilators require highly specialised knowledge and technical expertise. He then went on to secure a job at a medical equipment company in Shenzhen for four years until 1991, when he founded Mindray with co-founders Xu Hang and Cheng Minghe. Nippon Paint and Wuthelam then set up a joint venture, with Nippon Paint taking up a 40 per cent stake in Goh’s business. Scientists from Singapore's National Center for Infectious Diseases and the Academy of Medicine examined 73 patients with coronavirus. The Forbes list of Singapore’s 50 richest shows they hold a combined fortune of $104.6 billion in total. Ultimate guides to kickstart your finances, You can contribute your thoughts like Joel Koh. He then the name Forrest, after he watched the movie, Forrest Gump. © 2020 Forbes Media LLC. Rising demand for healthcare has made Singapore a medical hub in the region. Close-second with assets of about $14 billion (to some people's surprise) is Eduardo Saverin, the co-founder of Facebook, who in 2011 left the U.S. with 53 million shares of the company and became a permanent resident of the island nation. Share Share Tweet Email Comment. He received a degree in M.D from the Albert Einstein College of Medicine in the year 1961. With an estimated net-worth of $16 billion, restaurateur Zhang Yong is the richest person living in Singapore. Dr. Philip Frost was born in the year 1936 in United States of America and is a successful Businessman cum doctor. Although he did not have any background in cooking or knew next to nothing about preparing Sichuan hotpot he jumped into the business headfirst as: “If I had not started Haidilao, I would have had to find something else, because you have to support yourself, you have to eat.”. Business magazine Forbes released today its 2020 Forbes Singapore Rich List, which lists the top 50 richest in Singapore.. His Kuok business group has control the swing of listed companies in Malaysia, Hong Kong and in Singapore. Eduardo Saverin - $10.6 Billion Net Worth. However, it October 2018, the company was relisted on the. This can be mostly attributed to the COVID-19 pandemic, which saw demand for medical devices skyrocket. Impressed by Goh’s eagerness, Obata took him under his wing. Li-Ka Shing is the richest man in Hong Kong, and one of the wealthiest people in Asia, with an incredible net worth of $33.9 billion. Singapore's wealthiest are worth a collective $32 billion. Here’s a shocker. Most of them have science degrees of some kind, ranging from medical doctors to engineers. To put this into context the Unity Budgets, Resilience Budgets, Solidarity Budgets and Fortitude Budgets rolled out to support Singaporeans cost about $S$93 billion in total. Zhang Yong: Hotpot Honcho ($22.26 billion) Here’s a shocker. Let us introduce you to the top ten richest shipping magnates today. From there, you can determine which states are wealthiest and then list the countries in descending order, from richest to poorest. Specialists: $350,300. Ventilators, essentially, breathe for a patient. Women—More Than Half Of U.S. Population—Only See Themselves On Screen 38% Of The Time, Study Finds, Raffles For China: One Of Singapore's Biggest Hospital Groups Makes Way to The Mainland For The Mainland, Singapore's 50 Richest 2017: Fortunes Rise Amid Changing Times. Top 50 Richest People in Singapore / Singapore’s 50 Richest These are the richest people in Singapore. Singapore's ParkwayHealth navigates its way through the world's biggest medical theater. China boasts the highest number of 324 billionaires, as well as the highest number of newcomers this year. Chiam See Tong is the Singaporean lawyer and politician and the longest serving opposition leader of the Singapore Parliament and represents the Potong Paisr constituency in the parliament from 1984 to 2011. Forrest is the ‘poorest’ billionaire on this list with a current net worth of US$6.9 billion (S$9.47 billion). He was known as the “King of Orchard Road” for developing: Despite his fortune, he had a reputation for leading a frugal and simple lifestyle. Sector: Stock Broking. Highest Paid Doctors - The Salary of Doctors. Ron SimGot a massage on an Osim chair lately? This joint venture became known as the NIPSEA Management Group which is jointly owned by Goh and Nippon Paint Holdings. The first Haidilao outlet was a tiny 400-square feet space with only four tables. Peter Lim. I have never eaten at Haidilao. With a net worth of roughly $187 billion, Jeff Bezos, the founder, and CEO of Amazon is the wealthiest person in the world, followed by Microsoft entrepreneur Bill Gates ($121 billion), Mark Zuckerberg ($102 billion); and Mukesh Ambani ($80.6 billion). A colonial outpost now has the third highest average income in the world. Singapore's Richest 2020. Luxembourg (GDP per … For better or worse, there are a heckload of billionaires in Singapore. Son Inderbethal helps run business. … Goh also started the Goh foundation which gives generously to charitable causes like the S$12 for leukaemia research to National University Hospital, Singapore in 2013 and the Goh Foundation Endowed Scholarship for SMU students. In an interview with Forbes, Goh revealed that he was born in 1928 to a poor family in Singapore who lived in a one-room tenement. Forbes ranks him as the 25th richest person in Singapore in 2006, with a fortune of $175million. 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