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Singapore's 40 Richest(31~40)

Published: 12 Aug 2009 22:00:30 PST

John Chuang&family
Age 60
Net Worth $185 million 
Married, 2 children
With brothers, runs Petra Foods, which he founded in 1984 and is now one of world's largest manufacturers of cocoa, supplying ingredients to Nestlé, Cadbury, Mars. Stock down more than 40% in past year, as profits fell.


Lee Seng Tee
Age NA
Net Worth $180 million 
NA
Brother of Lee Seng Wee (No. 8) is a director in family's Lee Group. Fortune based on stake in Oversea-Chinese Banking Corp. This year received honorary degree from Washington University in the U.S.


Goh Lik Tuan
Age 56
Net Worth $175 million 
Married, 2 children
Sold his company, electronics manufacturer ges International, to Wong Ngit Liong's Venture Corp. in 2006 for more than $600 million. Took early retirement.


Wong Ngit Liong
Age 66
Net Worth $170 million 
Married
Trained electrical engineer and Fulbright scholar chairs Venture Corp., electronics contract manufacturer. Owns stake in David Lam's (No. 40) bulk container company, Goodpack.


Henry Ng&family
Age 50
Net Worth $160 million 
Married, 4 children
With 3 of his siblings, holds majority ownership in bulk shipping, logistics and infrastructure company Pan-United, started by father Ng Kar Cheong. Henry is deputy chairman; siblings Patrick and Bee Bee sit on company's board.


Margaret Lien
Age 66
Net Worth $140 million 
Widow
Inherited shares in Wee Cho Yaw's (No. 3) United Overseas Bank from late husband, Lien Ying Chow. Heads Lien Foundation; donated $10 million to Singapore-Chinese program at Singapore's Nanyang Technological University in 2006.


Wong Fong Fui
Age 65
Net Worth $135 million 
Married, 3 children
Began his career as a chemical engineer in the oil&gas industry. Eventually started his own business and says he made enough money in 8 years to retired. But Wong got bored and started buying into ailing companies like food outfit QAF and fixing them. Most recently he has revived the fortunes of 180-year-old Boustead Singapore, an engineering services and geo-spatial technology group, which he has run since 1996.


Mustaq Ahmad
Age 57
Net Worth $130 million 
Married, 4 children
Inherited famous 24-hour Mustafa Centre, which reportedly offers more than 150,000 items—from branded fountain pens to rice—to an estimated 15,000 customers daily. Uncle also owns a piece of Mustafa.


Sunny George Verghese
Age 48
Net Worth $125 million 
Married, 2 children
British citizen heads cashew and cocoa trader Olam International. Partnering with Kuok Khoon Hong's (No. 5) Wilmar to buy 20% stake in natural sweetener producer PureCircle. This year appointed chairman of International Enterprise Singapore, part of the Ministry of Trade & Industry.


David Lam
Age 56
Net Worth $120 million 
Married, 3 children
Patented container design that became basis for Goodpack, which rents boxes to shippers. Still heads group, whose share price has been tanking lately. According to a report, Goodpack appointed Macquarie Group to seek strategic alternatives, such as a sale to a strategic buyer. It apparently hired another firm over a year ago, but no deal was done.


Source: Forbes.com
Forbes.com

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