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Singapore's 40 Richest(11~20)

Published: 10 Aug 2009 21:30:29 PST

Ho Sim Guan
Age 82
Net Worth $500 million 
Married
Former executive of Wee Cho Yaw's (No. 3) United Overseas Bank, in which he still has stake. Also has holdings in brewers, a Malaysia rubber plantation and Singapore's Haw Par Corp.


Chew Hua Seng
Age 54
Net Worth $460 million 
Married, 4 children
Founder and chief of Raffles Education, largest education group in Asia, with 20 private colleges across 9 countries. Increased stake in brother's pipe company, Midas Holdings, in June.


Kwek Leng Kee
Age 54
Net Worth $430 million 
Married
Inherited stake in Hong Leong Group from father, Kwek Hong Khai, one of 4 brothers who founded firm. Cousin of Kwek Leng Beng (No. 6) and Kwek Leng Peck (No. 25) shares fortune with siblings. Sits on board of family's Hong Leong Finance.


Chang Yun Chung
Age 90
Net Worth $360 million 
Married, 14 children
Moved to Singapore from China and cofounded shipper Pacific International Lines in 1967. Son Teo Siong Seng runs daily operations.


Ow Chio Kiat&family
SPH
Age 63
Net Worth $340 million 
Married, 2 children
Chairs shipping and logistics firms, which he built from a small tugboat company inherited from his father. His Australian hotel group, Stamford Land, just turned down an unsolicited $735 million offer to buy some of its hotels. The sometime diplomat is Singapore's Nonresident Ambassador to Argentina.


Lee Kian Soo&family
Age 63
Net Worth $330 million 
Married
Certified second mate worked in shipyards before founding Ezra Holdings with wife in 1992; today firm provides equipment and services for offshore oil and gas projects. Lee executive chairman; son Lionel managing director. Wife, Goh Gaik Choo, former personnel head, retired in April.


Olivia Lum
Age 47
Net Worth $325 million 
Single
Orphan and former chemist founded water treatment firm Hyflux in 1989. Spun off company's Chinese water projects into Hyflux Water Trust, which listed in December in Singapore. Won second water treatment project in Algeria this year as part of Middle East expansion.


Ng Chwee Cheng&family
Age 76
Net Worth $285 million 
Married, 14 children
Transformed secondhand construction equipment trader into Tat Hong, one of Asia's largest crane companies. Son Roland is president and group CEO. Family also owns 32% of construction engineering firm CSC. With building slowdown, stocks in both companies have plummeted by almost a third since last year.


Ho Kwon Ping
Age 56
Net Worth $280 million 
Married, 3 children
Former journalist turned hotelier founded luxury resorts and spa company Banyan Tree in 1994. Architect brother works in design; wife, Claire, runs retail operations. Though stock has dropped 50% in the past year, net worth is up owing to new information on shareholdings.


Chua Thian Poh
Courtesy Wing Tai Holdings
Age 60
Net Worth $260 million 
Married, 4 children
Chief of Ho Bee Investment, a property group that develops luxury homes in Singapore, London and Shanghai; stock has declined 53% over past year because of exposure to high-end projects where a price correction is predicted. Also chairs Ren Ci, a Buddhist charity recently under fire for alleged misappropriation of funds.


Source: Forbes.com
Forbes.com

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