Business magazine Forbes released yesterday (March 5) its 2019 list of Billionaires and for the second year running, Amazon CEO and founder Jeff Bezos topped the list with a net worth of US$131 billion.
Bill Gates is named the second richest man in the world (US$96.5 billion), followed by Warren Buffett (US$82.5 billion).
A significant 195 newcomers successfully joined the ranks, with the richest being Colin Huang, founder of Chinese discount web retailer Pinduoduo, which went public in the United States in July.
Meanwhile, celebrity-turned-makeup mogul Kylie Jenner, has been named the worlds youngest self-made billionaire at 21 years old.
According to Forbes, Asia Pacific is the region with the most billionaires, accounting for 767 of the total with a net worth of US$2.5 trillion; so who in Singapore has managed to join the ranks of these affluent people?
112 Robert & Philip Ng, US$12 billion
The real estate dynamic duo control Far East Organization, Singapores largest private landlord and property developer, which was founded by their father Ng Teng Fong
Ng Teng Fong moved from China to Singapore in 1934 and was later dubbed as the King of Orchard Road
Their Hong Kong arm, Sino Group, is overseen by older sibling Robert and his son Daryl, while Philip oversees the Singapore interests
Goh gets the bulk of his wealth from his 39% stake in Japans Nippon Paint Holdings, the fourth largest paint manufacturer in the world
He started making paints in a small factory in Singapore before partnering Nippon Paint in 1962
Gohs son, Hup Jin, became the chairman of Nippon Paint in March 2018 and also runs their privately-held joint venture Nipsea
Zhang is a new entrant to the Billionaires list, but is known as Chinas richest restaurateur
Although from China, he has since become a Singapore citizen
He is the chairman of Sichuan hot pot chain Haidilao, which went public in September 2018
The high school dropout didnt even know how to prepare the typical Sichuan hot pot when he first started
Haidilao became popular because of its spicy dishes and great customer service, which includes free manicures for waiting customers
His 370 restaurants are located mostly in China, but also in the US, Japan, South Korea, and Singapore; and has generated US$10.4 billion in sales
Wee is the chairman emeritus of United Overseas Bank (UOB). He stepped down as the banks chairman in 2013, and retired as director in April 2018.
UOB was co-founded by his father Wee Khiang Cheng in 1935 as United Chinese Bank
The Wee family also owns a property arm Kheng Leong its portfolio includes 45 apartments in the Nassim area, a luxury condo which was acquired for US$290 million, among others
The Wees also controls Haw Par, maker of the iconic Chinese ointment Tiger Balm
The four Kwee siblings control privately-held Pontiac Land, which owns an array of luxury hotels and iconic office towers in Singapore
Pontiac Land was founded by their Indonesian father Henry Kwee, who migrated to Singapore in 1958
In New York, the brothers are building an 82-story tower beside the Museum of Modern Art, where penthouses cost more than US$70 million
Kwek is the executive chairman of Singapores Hong Leong Group, which was founded by his father in 1941
He is also the executive chairman of City Developments, Singapores second-largest property developer
Kwek has been aggressively expanding overseas in recent years, acquiring asserts in the UK, China and Australia
804 Raj Kumar and Kishin RK, US$2.8 billion
This father-son duo are among Singapores leading landlords with their Royal Holdings/RB Capital property empire
They have been on a dealmaking spree after a 2011 family settlement between Raj and his younger sibling Asok Kumar Hiranandani, who is also a billionaire
Their prize holdings include the 442-room Holiday Inn Express at Clarke Quay and the five-star Hotel Intercontinental at Robertson Quay
Choo dropped out of school to become a fishmonger to help make ends meet at home
He later made his fortune in textiles before establishing the Hotel 81 budget chain in Geylang, Singapores red-light district
He is now expanding in the mid-tier market, where he has introduced five new hotel brands since 2009
His daughter Carolyn has been helping him run his privately-held hotel empire, which has been rebranded to Worldwide Hotels
Since 2017, he has expanded into Thailand, Malaysia and Australia with seven hotels managed by Travelodge and Holiday Inn
Chang is the chairman of Taiwans Advanced Semiconductor Engineering, which is the worlds largest provider of independent semiconductor assembling and test manufacturing services
Together with his brother, Chang is one of the main investors in commercial real estate developer Sino Horizon Holding
The son of a fishmonger, Lim took on part-time jobs as a waiter and taxi driver to pay off his college fees
Lim cashed out of palm oil giant Wilmar in 2011, and is now focused on property, healthcare and sports
He also consolidated his healthcare businesses in Singapore and Malaysia with his Singapore-listed Rowsley, renaming it Thomson Medical Group
He once made a failed bid to buy English football club Liverpool, but owns a controlling stake in Spanish football club Valencia
Kuok co-founded Wilmar in 1991 and built it into one of the worlds largest palm oil producers
His other investments include stakes in fellow billionaire Zhong Sheng Jians Yanlord Land as well as Perennial Real Estate Holdings
He co-owns the Aviva Tower in London with Wilmar co-founder and Indonesian billionaire Martua Sitorus
1116 Chang Yun Chung, US$2.1 billion
Chang, aged 100, is the oldest living billionaire in the world
He co-founded Pacific International Lines in 1967 as a coastal operator with two second-hand ships
After 51 years as the chairman, he handed over the reins to his son Teo Siong Seng in March 2018
Son of a Fujian farmer, Goi owns Tee Yih Jia Manufacturing, the worlds largest maker of popiah skins
He dropped out of school to work in his fathers grocery store and later bought a struggling food unit when he dabbled into frozen foods
Goi also has real estate interests through his stakes in listed firms GSH and KOP
Shu Ping is the wife of fellow billionaire Zhang Yong, chairman of Chinese hot pot chain Haidilao
Like her husband, Shu Ping is also now a citizen of Singapore
Shu is the director and one of three co-founders of Haidilao, where she helps oversee the management and strategic development of the business
1349 Asok Kumar Hiranandani, US$1.7 billion
Asok is the co-founder of Royal Brothers property group
He separated from his older brother Raj Kumar in 2011 after dividing their property empire
The Royal Group, run by his son Bobby, owns Sofitel Singapore Sentosa Resort and the So Softel Hotel in Singapore
At age 20, Lim founded Hin Leong Trading with a single truck delivering diesel to fishermen and small rural power producers
Founded in 1963, Hin Leong is one of Singapores largest independent oil traders today
The groups shipping arm, Ocean Tankers, owns a fleet of over 130 tankers and is run by his son Evan
Lim also co-owns oil storage unit Universal Terminal with PetroChina
1425 Zhong Sheng Jian, US$1.6 billion
Zhong is the chairman of Yanlord Land, one of the largest non-government-owned real estate developers in China
He moved to Singapore in 1988 and Yanlords shares are publicly traded here as well
Yanlord and partners announced plans to invest US$531 million for stakes in Singapore real estate companies in July 2017
This high school dropout started off making hooks and spikes for the logging industry
Chua went on to establish luxury property developer Ho Bee Land, which is known for building high-end condos in Sentosa
The company has a diversified portfolio that includes commercial property overseas, notably in London and Munich
Oei is the son of late Indonesian billionaire Eka Tipta Widjaja, but he is a citizen and long-time resident of Singapore
The bulk of his wealth is derived from a corporate bond portfolio and real estate assets
He invested US$5 billion in his new company One Belt One Net, which will build data centres in Singapore
At age 20, Sim started a company that sold knife sharpeners and other household goods
He is now the founder of OSIM International, maker of high-end massage chairs
He took the company private in 2016 when its shares drastically dropped from their 2014 high
He also founded V3 Group, which houses OSIM and TWG Tea, among others; as well as R3 Asset Management to back fast-growing companies
Sim also owns a sizeable property portfolio that includes a stake in listed Perennial Real Estate Holdings
Zhao is the chairman of Shandong Buchang Pharmaceuticals, a supplier of traditional Chinese medicine to fight cardiovascular disease
He was ranked 197 on Forbes China Rich List in 2018, but holds a Singapore passport
Koh broke away from his familys jewelry business Aspial to start his own property venture in the 1990s
He is a hotelier and property magnate, who also controls Singapore-listed Fragrance Group
He was once known as the Geylang King for Fragrances beginnings in Singapores red-light district
Koh also has a majority stake in education provider TMC Education
While we saw some familiar faces fromForbes 2018 Billionaires list the Ng brothers and Goh Cheng Liang retained the top spots as Singapores richest it is also heartening to see new entrants like Haidilaos power couple.
Husband and wife Ong Beng Seng and Christina Ong, as well as Razer CEO Min-Liang Tan, who had a net worth of US$2.1 billion and US$1.1 billion respectively, failed to join the ranks this year.
The Ongs are one of Singapores most influential couples. Mr Ong is the managing director of Singapore-listed Hotel Properties, which owns the Four Seasons and Hilton hotels in Singapore, among others.
Meanwhile, his wife runs Como Hotels and Resorts, retail empire Club 21 and London-listed handbag maker Mulberry.
For Tan, he gave up a law career in Singapore to start gaming devices company Razer in 2005. It has since acquired a global following and sold millions of gaming laptops, mice, fitness bands and tablets.
Following the launch of Razers first smartphone, Tan listed the firm in Hong Kong in November 2017, raising US$529 million.
As of 25 July 2018, Tan was listed as Singapores 50 richest with a net worth of US$690 million.
Also ReadHow Hotel 81 Founder Became A Billionaire With Budget Hotels In Singapores Red Light District
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