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Hotpot billionaire Zhang Yong ousts Far East's Ng brothers to top Forbes list of Singapore's richest Sources: https://www.asiaone.com/singapore/hotpot-billionaire-zhang-yong-ousts-far-easts-ng-brothers-top-forbes-list-singapores SINGAPORE - Consumers' love for hotpot has propelled Haidilao founder Zhang Yong to the top of the 2019 Forbes Singapore Rich List, with a net worth of US$13.8 billion (S$19.17 billion). Mr Zhang, who made his debut on Singapore's rich list last year, replaces long-time leaders, property tycoons Robert and Philip Ng of Far East Organization, who are now second with a combined wealth of US$12.1 billion. The Ng brothers had previously occupied the top spot on the list every year this decade, Forbes Asia said in a press statement on Thursday (Aug 29). Mr Zhang, who was previously featured among China's richest, is now a naturalised Singapore citizen and resident. His company is also increasingly global in its expansion, Forbes Asia noted. Meanwhile, the Ng's family fortune continues to benefit from premium prices for its high-end properties, which remain undented by the recent political ructions in Hong Kong or by Singapore's slowing economy, Forbes Asia said. Despite looming global headwinds and a stock market that declined 3.5 per cent since last year's rich list, the collective wealth of Singapore's top 50 richest grew by more than 12 per cent to US$130 billion, mostly due to the inclusion of Mr Zhang this year. Facebook billionaire and Singapore resident Eduardo Saverin saw his fortune fall by US$1.2 billion to come in at No. 3 with a net worth of US$10.6 billion. Mr Saverin retains a minority stake in the social media behemoth, which has been battling investor concerns about user privacy issues. Coming in fourth on the list is paint tycoon Goh Cheng Liang, who has a stake in Japan's Nippon Paint Holdings, and saw a billion-dollar boost to his net worth to US$9.5 billion this year. The biggest dollar gainer this year, however, is Hong Leong Group's chairmain Kwek Leng Beng who bagged the fifth spot, with a net worth of US$8.8 billion. The property tycoon added US$1.2 billion to his wealth partly attributable to an overseas expansion of his flagship City Developments, which acquired two London office properties for US$690 million in 2018. Other notable listees this year include Forrest Li, who makes his mark as this year's only online gaming billionaire after debuting on the list last year. Mr Li jumps 21 spots to No. 21, as his net worth more than doubled to US$1.57 billion from US$738 million previously. That said, more than half of the returnees to this year's list saw their wealth decline. These include shipping tycoon Chang Yun Chung (No. 22), who suffered a 27 per cent erosion in his wealth to US$1.5 billion, amid a sluggish shipping sector in the trade-dependent country, Forbes Asia noted. At age 101, Mr Chang is the world's oldest billionaire. The two newcomers to the rich list, other than Haidilao's Mr Zhang, are the Wong brothers of Singapore-based footwear brand Charles & Keith, who came in at No. 34 with a net worth of US$970 million, and Gang Ye (No. 37, US$900 million), who co-founded US-listed Sea, and holds just under 9 per cent of the company's shares. Separately, there are three drop-offs this year, including Ching Chiat Kwong, a former cop-turned-developer, who is also known as the king of shoebox apartments. The debt-fuelled expansion of his Oxley Holdings made investors wary, causing its shares to dip, Forbes Asia explained.

It's a boring Friday........and since there is a star award going on.......let's have some fun in guessing who is the richest guy in MCF.........those old Farkers who always compare income tax I think you guys outdated liao..............i just saw we have a new kid on the block.............he can buy 40 BMW F10 in cash............ @throttle2 pay cash just got a whole new meaning............ come come............let's guess the RICHEST MAN IN MCF.............

You can't keep the rich down for long. Global wealth made a remarkable comeback in 2009, increasing by 11.5% to $111.5 trillion. That's according to a new report, The Boston Consulting Group's Global Wealth 2010 Report, released Thursday by Boston Consulting Group. The report breaks down wealth by region and by country, creating a geographic portrait of where the world's wealth is accumulating and at what rate. North America posted the largest absolute gain in households with assets under management. Its wealth totaled $4.6 trillion (a 15% jump over 2008). But the largest percentage gain occurred in Asia-Pacific, where wealth skyrocketed by 22%, or $3.1 trillion. That's nearly double the global rate. Latin American household asset growth rose by 16% to $3.4 billion, and Europe, despite the massive debt problems it now faces, was the wealthiest region with more than $37 trillion in assets under management, an increase of 8.8% from 2008. Millionaires Hold 38% of Global Wealth Boston Consulting Group's report includes a revealing list countries with the highest percentage of millionaire households, but before getting to that, here are some interesting tidbits: The number of millionaire households in the world represents less than 1% of all households. Even so, these most fortunate ones owned about 38% of the world's wealth in 2009, up from 36% in 2008. In North America, Africa and the Middle East, millionaire households represented more than half of the wealth in those regions. Another juicy morsel: The number of millionaire households rose by 14% in 2009 to 11.2 million, and the U.S. had by far the most millionaire households, with 4.7 million. But that doesn't mean millionaires are crowding U.S. streets or that sumptuous yachts dominate the nation's waterways. In fact, you're more likely to find those conditions in Singapore, which had the highest percentage of millionaire households in the world. Yes, that puts Singapore at the top of Boston Consulting Group list of the top 10 countries with the greatest proportion of millionaire households. You may be surprised by the full run-down: 1) Singapore Population: 4.7 million Percentage of Millionaire Households: 11.4% Who would think the tiny Republic of Singapore would be crammed with so many millionaires? The country, all of just 247 square miles, has emerged from the recession and has rebounded in a big way. Its GDP, exports and manufacturing are all rising, and so, too, are home prices. That has led Singapore to boast the highest concentration of millionaires anywhere on the planet. Among its very rich: Ng Teng Fong, a real estate tycoon, and Wee Cho Yaw, who runs United Overseas Bank, one of Singapore's big lenders. 2) Hong Kong Population: 7.1 million Percentage of Millionaire Households: 8.8% Hong Kong, the home of Li Ka-shing, who runs conglomerates Cheung Kong and Hutchison Whampoa, had 205,000 millionaire households in 2009 and takes the number two spot for percentage of millionaire households. Hong Kong's close relationship with mainland China brings benefits and risks, but it's been good for many of the wealthiest, who made their money by investing in a real estate market that has no shortage of swanky hotels and malls. 3) Switzerland Population: 7.6 million Percentage of Millionaire Households: 8.4% The Swiss economy is recovering from slow growth during the recession, but a good many of its citizens thrived during the upswing, bringing it to third place in percentage of millionaire households. The country boasts 285,000 of them, up 19.5% from 2008. Driving the recovery: manufacturing, rising exports and consumer spending. Among the country's rich: Swiss biotech tycoon Ernesto Bertarelli, who is, perhaps, better known for winning the America's Cup in 2003. 4) Kuwait Population: 2.8 million Percentage of Millionaire Households: 8.2% The rising price of oil has led to more millionaires in this tiny country. With some 100 billion barrels of crude, Kuwait has been growing rapidly. But the oil-dependent nation now plans to spend up to $140 billion over the next five years to diversify away from oil and to attract more investment -- a move that could help it ascend this list's ranks. Such a strategy may help billionaire Nasser Al Kharafi, chairman of one of the most diversified and largest conglomerates in the Arab world. His food division, Americana, has the Middle East franchise rights to KFC, Wimpy, TGI Fridays and Pizza Hut, among others. 5) Qatar Population: 841,000 Percentage of Millionaire Households: 7.4% Qatar's economy expanded by about 8.7% last year, thanks to growth in the natural gas business. That helped the country, already the world's largest gas exporter, to emerge from the global economic crisis pretty much unscathed, leaving many of its millionaire households in good stead. Among its megarich: Bader Al Darwish, with a fortune of about $1.7 billion. Al Darwish runs Darwish Holdings, which operates businesses including real estate, investments and retail services. 6) United Arab Emirates Population: 4.9 million Percentage of Millionaire Households: 6.2% As the world's third-largest oil exporter, the UAE's economic growth is expected to rise to 3.2% this year, after posting a 1.3% increase in 2009,. Like others, its oil business has generated wealth among its citizens. It also helps that UAE isn't expected to suffer from the eurozone debt crisis. The country is home to Abdul Aziz Al Ghurair and his family, who run Mashreqbank and the second-largest flour milling company in the Mideast, as well as megamalls. 7) United States Population: 310.2 million Percentage of Millionaire Households: 4.1% The 4.7 million U.S. millionaires in 2009 was up by 15.1% over 2008. But as a market percentage, the U.S. falls relatively low on the top 10 list. The country, which is home to two of the world's wealthiest people, Bill Gates and Warren Buffett, saw its economy bounce back in 2009 from the year before as the Dow Jones Industrial Average rose 40%. By the end of 2009, the economy grew at its fastest pace in more than six years, even though many businesses put the brakes on hiring. 8) Belgium Population: 10.4 million Percentage of Millionaire Households: 3.5% Suffering from spiraling debt andpolitical problems, Belgium still managed to hold on to a number of millionaires. The country has set a goal of getting its budget deficit to 4.8% of GDP in 2010, which is far below Europe's average. But Belgium's total debt will rise above 100% of GDP, placing it behind only Greece and Italy. The debt crisis in Europe will also likely take a toll on the country's economy in 2010. The good news is that Belgium has a trade surplus, and household savings are high. Among its richest: Albert Frere, who founded the media, utilities and oil conglomerate, Compagnie Nationale a Portefeuille. 9) Israel Population: 7.4 million Percentage of Millionaire Households: 3.3% Unlike other markets, the story in Israel wasn't about rising real estate values or credit, but about gains in technology, which some say will help lead the country to continued economic growth. While 2009 was a good year for the economy, the current eurozone crisis could hurt Israeli exports because about 33% of them go to Europe. Rich man in Israel: shipping tycoon Sammy Ofer, worth north of $6 billion. 10) Taiwan Population: 23 million Percentage of Millionaire Households: 3% Taiwan may be last on the top 10 list -- but that's still quite a feat. The country was hit hard by the recession mostly because its economy depends on trade. But as the world economy skittishly improves, Taiwanese families have seen their fortunes rise. The country now has some 230,000 millionaire households. That's an increase of 22.1% over 2008. One of its richest is Terry Gou of Foxconn, a maker of electronics for Apple (AAPL), Nokia (NOK), Nintendo and others. That company has been in the news recently because 13 of its workers have committed suicide or tried to. Sources: Population figures: The CIA World Factbook Percentage of millionaire households: The Boston Consulting Group's Global Wealth 2010 Report. Original Link

http://www.forbes.com/sites/naazneenkarmal...lobal-crossing/ 8/28/2013 @ 6:00PM |2,897 views Record Haul Of 21 Billionaires Among Singapore's Richest This story appears in the September 2, 2013 issue of Forbes Asia. Real estate fortunes in land-scarce Singapore have been enjoying a golden run. Property magnates Robert and Philip Ng added $1.4 billion to their wealth to hold on to the No. 1 spot as the country

no Genghis Khan (largest land empire in human history)? hmm....

Singapore topped the charts for highest GDP per capita in 2010 at close to SGD $70,000 (USD $56,532), according to a study. In the Wealth Report 2012 published by Knight Frank and Citi Private Bank, Singapore is also expected to continue to be the global leader in 2050. GDP per capita refers to the total output of a country divided by the population. Trailing closely behind Singapore is Norway at about SGD $63,000 (USD $51,226), then the U.S. at about SGD $56,200 (USD $45,511), followed by Hong Kong at almost SGD $56,000 (USD $45,301). The report also forecasts that Singapore

Woah!! We are the richest in the World, now!! But I guessed the majority are migrations from other countries. Money World

Even if you dont believe PAP, please believe in international rankings. They wont lie or make Spore look good because they are neutral. If you are still feeling poor in Spore, please take Causeway link to Johor and hop on to a long-distance bus to Kuantan or Port Dickson to jump. Dont do it at Bodoh Reservior because its fully booked. No wonder this whole year I suddenly feel so radiant and rich .. S

dear all, human nature are greedy by nature. we have had so many cases of people mismanaging funds and using money which is donated to enrich themselves either directly or indrectly. may i suggest that charities or public funds be managed by billionaires. for eg. wee cho yaw has a net worth of $4B. for him to manage $100m of public funds, i think it would be in very very safe hands. anyone has any comments?

Am sure Throttle2's name there among the list S'pore's 40 richest worth US$54.4 billion Posted: 28 July 2011 1000 hrs Photos1 of 1 Singapore Skyline (Photo by: Hester Tan, channelnewsasia.com) http://www.channelnewsasia.com/stories/sin...143522/1/.html#http://www.channelnewsasia.com/stories/sin...143522/1/.html#12Share SINGAPORE: Singapore's 40 richest are now collectively worth US$54.4 billion, up 19 per cent compared with last year, according to the latest rich list published by Forbes Asia. The better numbers achieved by the country's wealthiest come despite a slowing economy and weak stock market. The family of the late Ng Teng Fong remains at the top with US$8.9 billion, up by US$1.1 billion from last year. Their fortune is tied to their two biggest property holdings: privately held firm Far East Organization and Hong Kong-listed Tsim Sha Tsui Properties. The family of the late tycoon Khoo Teck Puat comes in at number two with US$6.7 billion, up by US$800 million from last year. They retain a stake in the Goodwood Group of Hotels. At number three is veteran banker Wee Cho Yaw with US$4.2 billion, an increase of US$600 million over last year. Forbes Asia said there are 13 billionaires on this year's list compared with 11 last year. The two newcomers with billionaire standing are the Lien family and food tycoon Sam Goi.

According to survey in 2011 and based on few references gathered from the replies, here is the conclusion 1. Richmanson 2. Viceroymenthol 3. Throttle2 4. Coupecabriolet 5. Zangetsu77 6. Chemmie78 7. Bavarian 8. Pyramid_sg 9. Cerano 10 SJP1965G

Nicky Hilton Worth: $50 million The sister of Paris makes a bundle from her two fashion labels. How to land her: Be short. She dated Kevin Connolly (E from Entourage) for a while, then David Katzenberg, who

The world's new richest man, Mexican Carlos Slim, and a fresh crop of billionaires in Asia helped lead a comeback for the wealthiest few on the planet in 2010, according to Forbes magazine. The publication's annual rich list reflected a resurgence of wealth after the financial turmoil of 2009, with the top 10 wealthiest worth a combined 342 billion dollars, compared to 254 billion dollars in the previous year. "The global economy is recovering. The financial markets came back, especially emerging markets," said magazine editor-in-chief Steve Forbes. "There's a 50 percent increase in general global wealth compared to last year," Forbes said. Certainly the economy recovered for the super rich, who took a beating during last year's stock and commodity market collapses, but saw across-the-board gains this year. Forbes counted 1,011 billionaires from 55 countries, up from 793 last year, though still shy of the pre-crisis 1,125 listed in 2008. Slim, 70, took the top spot for the first time, pushing Microsoft founder Bill Gates out as he rose from third place on the success of America Movil, Latin America's biggest mobile phone operator. This was the first time since 1994 that a non-US citizen took the spot. Despite Gates, 54, slipping to second place, the United States remained by far the dominant home of the super-rich, with 403 billionaires, or 40 percent of the world's ten-figure fortunes, down from 45 percent. That includes number three Warren Buffett, who at 79 is considered one of the most reliable and successful Wall Street investors, and Oracle's Lawrence Ellison, 65, who completed a 7.4-billion-dollar buyout of Sun Microsystems in January. The list includes 97 fresh billionaires, 62 of them charging out of Asia, a region that saw booming stock markets and several large public offerings in the past year. Mainland China was for the first time the country with the most billionaires after the United States with 64, including 27 newly minted ones. Including Hong Kong, the Chinese account for 89 billionaires. Russia comes in third with 62 billionaires, many of them commodities kings who fell off the list last year, only to see their vast natural resource holdings regain value this year. Europe is still the number two super-wealthy region, with 248 billionaires. The richest European is France's Bernard Arnault, 61, whose LVMH sells Louis Vuitton, Moet & Chandon, and other luxury goods, with his net worth at 27.5 billion dollars. Just behind Arnault is Spain's Amancio Ortega, owner of the Zara clothing chain, with 25 billion dollars. Asia trails Europe by only 14 billionaires and the region's net worth of 729 billion dollars is double what it was a year ago. The region's richest man, oil-and-gas tycoon Mukesh Ambani, 52, climbed to four from seven on the list with a net worth of 29 billion dollars, up 9.5 billion. Pakistan has its first person on the list, Mian Muhammad Mansha, at number 937 with an even one billion dollars. Sorted by city, billionaires congregate first in New York, where there are 60, then Moscow at 50, and London at 32. Here's the list (Figures are in US dollars): 1. Carlos Slim Helu and family. Mexico. Telecoms. 53.5 billion dollars. 2. Bill Gates. US. Microsoft. 53 billion dollars. 3. Warren Buffett. US. Berkshire Hathaway. 47 billion dollars. 4. Mukesh Ambani. India. Oil, gas. 29 billion dollars. 5. Lakshmi Mittal. India. Steel. 28.7 billion dollars. 6. Lawrence Ellison. US. Oracle. 28 billion dollars. 7. Bernard Arnault. France. LVMH luxury goods. 27.5 billion dollars. 8. Eike Batista. Brazil. Mining, oil. 27 billion dollars. 9. Amancio Ortega. Spain. Clothing retail. 25 billion dollars. 10. Karl Albrecht. Germany. Supermarkets. 23.5 billion dollars. 11. Ingvar Kamprad and family. Sweden. Ikea. 23 billion dollars. 12. Christy Walton and family. US. Walmart. 22.5 billion dollars. 13. Stefan Persson. Sweden. Hennes and Mauritz. 22.4 billion dollars. 14. Li Ka-shing. Hong Kong. Diversified. 21 billion dollars. 15. Jim Walton. US. Walmart. 20.7 billion dollars. 16. Alice Walton. US. Walmart. 20.6 billion dollars. 17. Liliane Bettencourt. France. L'Oreal. 20 billion dollars. 18. S. Robson Walton. Walmart. 19.8 billion dollars. 19. Prince Alwaleed Bin Talal Alsaud. Saudi Arabia. Investments. 19.4 billion dollars. 20. David Thomson and family. Canada. Inheritance. 19 billion dollars.

Singapore's richest man Ng Teng Fong dies at 82 SINGAPORE, Feb 2 (Reuters) - Singapore's richest man and property tycoon Ng Teng Fong died early on Tuesday after suffering a cerebral haemorrhage on Jan. 23, a spokeswoman for his family business said. He was 82. Related story:

Finally after 13 yrs! There is a new man who has taken the rank....Warren Buffett According to Forbes, he is worth USD62 Billion! On the bombshell, Gates didn't even manage to keep 2nd position! Brazilian Telecom Tycoon, Carlos Slim managed to necked ahead with USD60 Billion (Gates USD 58 Billion). EA

NO. Why I say that, becoz Forbes did not ask about the one who have over US$100 billion in his control in Sinkie land here. How many of you agree with me?