Human Resources



Singapore building with car to show Singapore's richest

5 more billionaires join Singapore’s rich list

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Singapore’s elite billionaires club has officially expanded.

While the Lion City has long been known for its ability to cultivate wealth  – its density of millionaires continues to expand every year – the list of billionaires in Singapore is also continuing to grow.

According to the latest Forbes Singapore rich list 2014, the country has gained 5 new billionaires this year.

Property magnates Robert and Philip Ng dominate the list yet again with an estimated net worth of US$12.8 billion (S$15.8b), up from US$10.6 billion (S$13.1b) last year.

Kwek Leng Beng, chairman of City Developments, and his family stay in second place with a net worth of US$7.8 billion (S$9.6b), up from US$7.1 billion (S$8.8b). The Khoo family of Goodwood Group of Hotels added US$300 million (S$372m) to their wealth to retain the third spot with US$7 billion (S$8.6b).

The combined wealth of the 26 billionaires is up by a fifth to US$96.9 billion (S$120b) over the past 11 months, according to Forbes.

The five newcomers include the Tay family (No. 25, US$1.1 billion) who are known for the chain of affordable OG department stores; Lim Chap Huat (No. 31, US$890 million) of property group Soilbuild;  shipping veteran Pang Yoke Min (No. 41, US$655 million) of Pacific Radiance; Ho Kian Guan (No. 39, US$695 million) of Keck Seng Group and Chew Gek Khim (No. 40, US$670 million) of Straits Trading.

Here are Singapore’s top 10 billionaires (Net worth USD):

1. Robert & Philip Ng – $12.8b
2 . Kwek Leng Beng – $7.8b
3. Khoo family – $7.0b
4. Wee Cho Yaw – $6.2b
5. Kwee brothers – $6.0b
6. Eduardo Saverin – $4.2b
7. Goh Cheng Liang – $3.2b
8. Richard Chandler – $3.0b
9. Peter Lim – $2.5b
10. Kuok Khoon Hong – $2.4b

READ MORE: More Singaporeans are becoming millionaires

Image: Shutterstock

Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, group discounts when you bring your team.

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