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2017 Singapore Top 50 Richest

The top 50 richest people in Singapore in 2017 have a combined estimated net worth of more than $104.63 Billion, in the Forbes report released in 2018.

Robert & Philip Ng, who owns Far East Organization (the largest private property developer in Singapore) and Sino Group, top the list with an estimated net-worth of $9.4 Billion. Eduardo Saverin, who is a co-founder of Facebook – the world’s largest social networking site, is 2nd on the list with $9.3 Billion. Goh Cheng Liang, who founded Wuthelam Holdings (manufacturer of paint and coatings), is 3rd on the list with $7.8 Billion.

Kwek Leng Beng, Executive Chairman of Hong Leong Group Singapore (one of the Asia’s largest conglomerates), and Khoo family (Goodwood Group of Hotels), rounded up the top 5 richest people in Singapore with $7.1 Billion and $6.3 Billion respectively.

 

Top 5 Richest in Singapore:

Rank Name Net Worth Company
1 Robert & Philip Ng $9.4 B Far East Organization, Sino Group
2 Eduardo Saverin $9.3 B Facebook
3 Goh Cheng Liang $7.8 B Wuthelam Holdings
4 Kwek Leng Beng $7.1 B Hong Leong Group Singapore
5 Khoo family $6.3 B Goodwood Group of Hotels

 

Singapore’s Richest Fast Facts:

The Richest: Robert & Philip Ng with $9.4 Billion (Sino Group, Far East)

Singapore Early Development
Singapore Early Development


Top 50 Total Net Worth: $104.63 Billion (2016: $80.11 Billion)

The Average Age: 64.7 Years Old (2016: 64.43)

The Oldest Age: 99 Years Old ($2.01 Billion, Chang Yun Chung, Pacific International Lines – Singapore’s largest shipowner)

The Youngest Age: 36 Years Old ($9.3 Billion, Eduardo Saverin – Facebook)

 

2017 Singapore Top 50 Richest:

Rank Name Net Worth (USD)
Age Source Company
1 Robert & Philip Ng $9.4 B real estate Far East Organization, Sino Group
2 Eduardo Saverin $9.3 B 36 social network Facebook
3 Goh Cheng Liang $7.8 B 91 paints Wuthelam Holdings
4 Kwek Leng Beng $7.1 B 77 real estate Hong Leong Group Singapore
5 Khoo family $6.3 B 58 Maybank Goodwood Group of Hotels
6 Wee Cho Yaw $5.8 B 89 banking United Overseas Bank (UOB)
7 Kwee family $5.3 B 71 Real Estate Pontiac Land Group
8 Kuok Khoon Hong $2.7 B 68 palm oil Wilmar
9 Raj Kumar & Kishin RK $2.6 B 64 real estate Royal Holdings/RB Capital
10 Sam Goi $2.2 B 69 frozen foods Tee Yih Jia Foods
11 Ong Beng Seng and Christina Ong $2.1 B 73 diversified Hotel Properties, Como Hotels & Resorts
12 Richard Chandler $2.08 B 59 investments Clermont Group
13 Peter Lim $2.07 B 65 investments Rowsley
14 Choo Chong Ngen $2.05 B 65 hotels Hotel 81
15 Chang Yun Chung $2.01 B 99 shipping Pacific International Lines
16 Arvind Tiku $2 B 48 oil & gas, investments AT Holdings
17 Sheng Jian Zhong $1.85 B 60 real estate Yanlord Land
18 Lim Oon Kuin $1.7 B 74 oil trading Hin Leong Trading
19 Lee family $1.6 B banking OCBC Bank
20 Ho family $1.5 B banking Tai Tak Estates, First Sponsor Group
21 Chua Thian Poh $1.45 B 69 real estate Ho Bee Land
22 Asok Kumar Hiranandani $1.42 B 63 real estate Royal Group
23 Chew Gek Khim $1.4 B 56 diversified Straits Trading
24 Tang Wee Kit $1.38 B 63 retail Tang Holdings
25 Oei Hong Leong $1.33 B 70 investments
26 Robert Friedland $1.3 B 67 mining Ivanhoe Mines
27 Lien family $1.25 B banking United Overseas Bank (UOB), Lien Foundation
28 Ron Sim $1.2 B 59 retail Osim International
29 Tay family $1.15 B retail, property OG, Memocorp
30 Koh Wee Meng $1.1 B 54 real estate, hotels Fragrance Group
31 Peter Fu Chong Cheng $920 M diversified Kuo International
32 Michael Kum $905 M 73 hotels M&L Hospitality
33 Lim Chap Huat $900 M 63 property Soilbuild
34 Loo Choon Yong $890 M 69 health care Raffles Medical Group
35 Serge Pun $800 M 65 diversified Yoma Strategic Holdings, Yoma Bank
36 Lim Hock Chee $760 M 56 retail Sheng Siong Group
37 Primus Cheng $740 M 68 food Prima
38 Kuik Ah Han $730 M 72 property Sim Lian Group
39 Cheng Wai Keung $720 M 67 real estate Wing Tai Holdings
40 Tan Boy Tee $715 M 69 shipping Bestford Group
41 Min-Liang Tan $700 M 40 gaming Razer Inc.
42 Danny Yong $670 M 46 hedge funds Dymon Asia Capital
43 Bhupendra Kumar Modi $665 M 69 telecom Smart Group
44 Saurabh Mittal $650 M 44 finance Mission Holdings
45 Ching Chiat Kwong $615 M 52 real estate Oxley Holdings
46 Shaw Vee Meng $580 M 85 media, real estate Shaw Organization
47 John Lim $575 M 61 real estate Asian Realty Advisors (ARA)
48 Ho Kian Guan $565 M 72 plantations/real estate Keck Seng Group
49 Henry Ng $545 M 60 cement Pan United
50 Koh Wee Seng $540 M 49 jewelry Aspial

 

*Data 26th July 2017

Source: Caproasia Institute, Forbes

 

2017 Rich List – South-east Asia

2017 Rich List – North Asia

2017 Rich List – Global





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Caproasia.com is the leading source of information, data, research and resource for financial professionals in Asia who manage assets and advise clients. Collectively, they manage more than $20 Trillion assets in Asia in Private Banking, Wealth Management, Multi-Family Office, Family Office, Fund Management, Asset Management, Insurance, Private Equity and Hedge Funds.