This year’s Forbes list of the world’s billionaires includes 16 entries from Singapore with property players topping the list yet again.

Far East Organizations’ Philip Ng and his brother Robert Ng (pictured) retain the top spot in Singapore (#106 globally), with an increased net worth of US$11 billion from US$10.6 billion a year ago. Their private real estate holdings within the family’s empire is valued at more than US$6 billion.

Another set of real estate brothers made it to second spot (#270 globally). With a collective net worth of US$5.2 billion, the Kwee brothers, namely Kwee Liong Keng; Kwee Liong Tek; Kwee Liong Seen and Kwee Liong Phing from Pontiac Land made their mark last October with the first major US investment.

With the same net worth of US$5.2 billion, Chairman of UOL Group Wee Cho Yaw is listed third (#270 globally) this year. The group’s diversified portfolio includes residential properties, offices, malls and hotels. Wee is also Chairman Emeritus of United Overseas Bank and sits on the board of directors at Kheong Leong Company.

Other property moguls in the list include Executive Chairman of Singapore’s Hong Leong Group Kwek Leng Beng (#731 globally) and investor Peter Lim (#763 globally).

New entries to this year’s list include father and son duo Raj Kumar & Kishin RK from Royal Holdings/RB Capital (#828 globally) and owner of Hotel 81 chain Choo Chong Ngen (#1,465 globally).

The Forbes list of billionaires is an annual ranking of the world’s wealthiest people, compiled and published by Forbes magazine.


Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg


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