28 Jul '17, 3am

Property tycoons continue to top Singapore’s 50 Richest list https://t.co/jzoHJc92ra

For eight consecutive years, property brothers Robert and Philip Ng of Far East Organisation retained their top spot in Forbes Asia’s Singapore Rich List, with their fortune at US$9.4 billion (S$12.8 billion) this year. They were closely followed by Facebook co-founder Eduardo Saverin, who jumped one spot from last year with US$9.3 billion (S$12.6 billion). Paint tycoon Goh Cheng Liang settled on the third place with a total net worth of US$7.8 billion (S$10.6 billion), while City Developments executive chairman Kwek Leng Beng grabbed the fourth place with US$7.1 billion (S$9.6 billion). In a release, the media company noted that Singapore’s 50 richest saw their wealth increase by 11 percent year-on year to US$104.6 billion (S$142 billion), despite the sluggish economy. Nearly two-thirds of the tycoons registered an increase in wealth, even as the price entry was raised fr...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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