SALARIES / MAR. 11, 2015
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Top 5 Richest People in Singapore

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Singapore is a beautiful country that is known for its economic stability, prosperity, and its influence in global affairs. It is one of the wealthiest Asian nations despite its small size, and it has become one of the most powerful Asian nations.

There are a few people who have worked hard to put Singapore on the map, and their efforts have yielded excellent results. They have earned A LOT of money in the process, making them the richest people in Singapore. Here are Singapore’s wealthiest:

See also: The Top 10 Highest Paid Jobs in Singapore

1. Robert and Philip Ng

These two brothers are considered the richest men in Singapore, and it’s estimated that their fortune is somewhere around $12.8 billion. They are real estate moguls, with properties and developments around not just Singapore, but also Australia and Hong Kong. They held the title of 30th Richest People in the World briefly in 1997.

2. Kwek Leng Beng

Kwek Leng Beng is the second richest man in Singapore with a net worth estimated around the $7.8 billion mark. At 74, he has two children, and is the owner of some of the largest real estate properties and hotels in the country. His London education definitely played a part in his becoming who he is today! He is the CEO of Hong Leong Group, one of the members on the Board of Trustees at the Singapore Management University, and has been given an honorary doctorate from the Oxford Brookes University.

3. Khoo Family

The Khoos are bankers at heart, which is where their vast fortune has come from. It was estimated in 2013 that their wealth hovered around the $7 billion mark. They are most famous for their Goodwood Hotels, particularly one – a 114-year-old establishment in Singapore City. The family has become very active in philanthropy in recent years, making donations to a wide variety of charitable organizations and causes.

4. Wee Cho Yaw

At 86, Wee Cho Yaw is the fourth richest person in Singapore. His net worth is estimated to be around $6.2 billion, largely due to the fact that he spent years working as the chairman of the United Overseas Bank – one of the top three banks in the country. The bank was founded by his father, and Wee Cho Yaw helped it to rise to second place in Singapore (by market capitalization). He was awarded the Public Service Star in 1971, named Singapore Businessman of the Year in 1990 and 2001, and was given an honorary Doctor of Letters in 2008 by the National University of Singapore.

5. Kwee Brothers

These men are the Singaporean equivalent of the Koch Brothers, except there are four of them. They are considered the "first family of real estate", as most of their income comes from holdings around the world – including Houston, Texas, and Manhattan, New York. The real estate company was actually founded by their father, an Indonesian immigrant to Singapore. Through their property management and development company, they own the Millenia Tower, the Centennial Tower, the Ritz-Carlton Milennia, the Capella, and the Conrad Centennial Singapore, among other luxury properties.

See also: How to Start a Business in Singapore

That’s A LOT of money! Most of these men come from simple backgrounds, but they have worked hard to get where they are today. That means you can do it, too!

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