The Singapore’s 40 richest are now collectively worth $54.4 billion, up by 19 percent compared with last year, despite a slowing economy and weak stock market, Forbes said. There are 13 billionaires on this year’s list, compared with 11 last year. Sam Goi, a 62-year-old food tycoon who built his fortune from making spring roll skins, debuted at No. 12 with a net worth of $1.2 billion. To compile the list, public fortunes were calculated using share prices and exchange rates as of July 12. For privately held assets, Forbes Asia estimated their worth if they were made public.
This year Singapore’s wealthy needed a bare minimum of $210 million to qualify for Forbes’ list, up from $190 million in 2010.
The top 10 richest in Singapore are:
1) Ng Family
Net worth: $8.9 billion ,
2) Khoo Family
Net worth: $6.7 billion , Source: Banking
3) Wee Cho Yaw
Net worth: $4.2 billion , Source: Banking
4) Richard Chandler
Net worth: $4 billion , Source: Investments
5) Kwee Brothers
Net worth: $3.9 billion ,
6) Kuok Khoon Hong
Net worth: $3.5 billion , Source: Palm oil
7) Ong Beng Seng & Christina Ong
Net worth: $1.9 billion , Source: Diversified
8) Peter Lim
Net worth: $1.8 billion , Source: Investments
9) Kwek Leng Beng
Net worth: $1.7 billion , Source: diversified
10) Lee Seng Wee
Net worth: $1.4 billion , Source: Banking
[See full list on Forbes.com]
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