How Did The 5 Richest People in Singapore Make Their Fortune?

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 71%

Singapore Headlines News

As of August 2019, the 50 richest people in Singapore have a combined wealth of S$180 billion, up 12% from last year. YahooFinance

Everyone knows that Singapore is a pretty rich country. We have a lot of rich people on our tiny island. And even the not-so-rich bulk of the population? We mostly somehow manage to afford the soaring costs of living in Singapore.

Since Sep 2018 — when the brand raised US$963 million in its Hong Kong initial public offering — Haidilao’s stocks have more than doubled. Presently, Philip Ng is in charge of FEO in the local market, while his brother Robert Ng and nephew Daryl Ng run Sino Group, the Hong Kong-based sister company.3. Eduardo Saverin of Facebook This one’s famous — he was portrayed by Andrew Garfield in the Hollywood movie The Social Network, which was inspired by the Facebook founding story of Eduardo Saverin and Mark Zuckerberg.

Goh tried his hand at several different business ideas, before buying what he thought was cheap, rotten paint in 1949. He then learnt how to mix colours and add solvents, and eventually founded Pigeon Brand paint. Kwek’s elder son, Sherman, is CDL’s group CEO while his younger son, Kingston, is a private investor.Others in the Forbes Singapore’s Richest list 2019Those are the top few. Now, let’s look at the others who made the top 10:

9. Kwok Khoon Hong of Wilmar International Co-founded Wilmar, which is one of the world’s largest palm oil producers. Has real estate investments and stakes in Yanlord Land and Perennial Real Estate Holdings. 2. Be very lucky.For the 5 self-made billionaires, it was really a mixed bag. Their empires vary across different industries, like tech, paint, hotpot and even a lupsup hotel… So in addition to having the smarts, you need the right doors to open for you too.3. Marry a rich person.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ChildAid 2019 gets ball rolling with first meet-and-greet session for performersSINGAPORE - About 120 performers of this year's ChildAid, an annual charity concert, gathered together for the first time on Monday (Sept 9) at its first meet-and-greet session.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Balloons and online memorials: How a millennial is changing the funeral businessSINGAPORE — Once, his company was asked to provide 100 coloured balloons for people to release into the air, as a way to “celebrate” a person’s life.
Source: TODAYonline - 🏆 1. / 99 Read more »

China food producers have world's richest valuationsHONG KONG (BLOOMBERG) - Chinese food and beverage stocks are getting more expensive than their peers worldwide following a blockbuster 2019 rally.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Singapore is 'natural partner' for India’s urbanisation efforts: Vivian BalakrishnanSINGAPORE: Singapore can help India in areas such as infrastructure planning, water conservation and business expansion, amid the South Asian ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Grief, waste and 'Loss Adjustment': The journey of bereaved parent and author Linda CollinsSINGAPORE — 'Loss Adjustment', by Singapore-based journalist and author Linda Collins, is the story of the shattering aftermath of her 17-year-old daughter Victoria's suicide.
Source: YahooSG - 🏆 3. / 71 Read more »