Singapore: Singapore has a record number of 21 billionaires, according to the latest Forbes rich list.
The number was 16 last year, Xinhua reported.
Robert and Philip Ng, sons of the late Far East Organisation founder Ng Teng Fong, retained their top position on the list, with their estimated net wealth at $10.6 billion, up from $9.2 billion last year.
Kwek Leng Beng, chairman of City Developments, saw the biggest rise in his net wealth. His ranking also jumped to the second spot from number six. He has a net worth of $7.1 billion, up from $2.4 billion.
The Khoo family kept its number three spot, with a net worth of $6.7 billion.
The combined net wealth of Singapore's 50 richest is $80 billion.
Forbes said the list was compiled using shareholding and financial information. Unlike the Forbes billionaire rankings, the list includes family fortunes, including those shared among extended families.
Comments
| Quick linksNews
National
International
Regional
Politics
Education & Career
Business
Science & Technology
Health
Views & Analysis
The Funny Side
© 2012 Awaz Multimedia & Publications. All rights reserved.
Court can decide on discharge applications of Malegaon blast accused: NIAThe National Investigating Agency (NIA) on Thursday filed a reply on the discharge applications filed in the Special MCOCA court by the Muslim accused, who were ..... More
Also Read: Malegaon blast accused want probe against ATS, police
Middle East CrisisBritain to submit resolution to UNSC over Syria
Britain will submit a draft resolution to the UN Security Council seeking to authorise "necessary measures" to protect civilians in the wake of alleged chemical weapon attacks in Syria, Prime Minister David Cameron said Wednesday.. ..... More
Also Read: US establishes timeline of Syria chemical attack
Sardar was proud of his Hindu heritage, though not deeply religious. However, his Hinduism was not narrow and he respected other religions. He had accepted the composite character of India. However, he ..... More
Assaad, who grew up in Lebanon, learnt to drive by the age of 13 and soon caught the eye of the country's education minister who helped secure her a scholarship to study medicine, reported..... More
