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Singapore's 40 Richest(21~30)

Published: 11 Aug 2009 21:55:41 PST

Cheng Wai Keung&family
Age 57
Net Worth $255 million 
Married, 3 children
Chairman of Wing Tai Holding, a property, hospitality and retail firm that he and his 3 brothers inherited. Firm hit by global real estate slump; stock down 50%. Also chairs shipping company Neptune Orient Lines, controlled by Singapore's state-owned investment company, Temasek.


Simon Cheong
Age 51
Net Worth $245 million 
Married, 3 children
Founded property developer sc Global Developments. Company, whose stock has dropped along with real estate market, has land bank of 1.2 million square feet and owns 49% in Australian home builder AV Jennings.


Vivian Chandran
Age NA
Net Worth $240 million 
Widow, 2 children
Inherited stake in marine fuel provider Chemoil, founded by her late husband, Robert Chandran, who died in a helicopter crash in Indonesia in January. Stepped into husband's role as chairman of Franklin Baker, privately held Philippine coconut-product maker.


Koh Wee Meng
Age 45
Net Worth $230 million 
Married, 1 child
Took over family investment firm in 1993. Turned it into Fragrance Group, which specializes in boutique residential developments and hotels in Singapore. Holds majority stake along with wife, Lim Wan Looi, a nonexecutive director. Also privately owns commercial and residential properties in Singapore.


Kwek Leng Peck&family
Age 52
Net Worth $220 million 
Married
He and siblings inherited stake in Hong Leong Group from father, Kwek Hong Leong, who cofounded family's Hong Leong Group with fathers of Kwek Leng Beng (No. 6) and Kwek Leng Kee (No. 13). Accountant by training is vice chairman of Hong Leong Finance.


Loo Choon Yong
Age 59
Net Worth $215 million 
Married, 2 children
Medical doctor and lawyer cofounded Raffles Medical; now chairman. Stock price has dropped 23% since last year. A nominated Member of Parliament and Singapore's Nonresident Ambassador to Italy.


Oei Hong Leong
Age 60
Net Worth $210 million 
Married, 4 children
Indonesian-born businessman and philanthropist sold his stake in formerly troubled Natsteel for more than $100 million. Delisted his International Capital Investment in May; now making takeover bid for Japan Land, which sells land and custom-built houses in Japan.


Yao Hsiao Tung
Age 67
Net Worth $200 million 
Married
Heads Hi-P International, a precision-tooling and plastic-injection-molding specialist that he transformed from a loss-making manufacturer over 25 years ago. After 2 years of restructuring and cost-cutting company's profits improving.


Victor Sassoon
Age 50
Net Worth $195 million 
Married, 5 children
Runs privately held The Coffee Bean & Tea Leaf with brother, Sunny. In 1998 purchased the 30-outlet chain from American owners. Now has more than 600 locations. Profit margin down, but net worth up slightly, when converted to U.S. dollars.


Kartar Singh Thakral
Age 74
Net Worth $190 million 
Married, 5 children
Joined family trading firm Thakral Corp. in Singapore 1949; today majority of wealth comes from Thakral Holdings, a property company listed in Australia that invests in hotels, shopping malls, residences. Chairs Indian garmentmaker Givo.


Source: Forbes.com
Forbes.com

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