10. The Kwee brothers

Combined net worth: US$6.3 billion

Of the 10 wealthiest names in Singapore, four of them made their fortune in property – including the Kwee brothers. With a net worth of US$6.3 billion, the four brothers Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen and Kwee Liong Phing privately own Pontiac Land, which owns and operates a slew of luxury hotels, including the Cappella Hotel chain they acquired in 2017. The brothers are also reportedly avid art collectors.

9. Leo Koguan

Net worth: US$6.5 billion

8. Wee Cho Yaw

Net worth: US$7.1 billion

From the finance and investment sector is Wee Cho Yaw, whose bank account comes in at US$7.1 billion. He was the former CEO and now chairman emeritus of United Overseas Bank, formerly United Chinese Bank, which his father Wee Khiang Cheng co-founded in 1935. UOB is currently the third largest bank in Singapore.

7. The Khoo family

Combined net worth: US$8.5 billion

The Khoo family built its fortune on the foundations laid by Standard Chartered Bank investor and banker Khoo Teck Puat, and currently has a stake in the Goodwood Group of Hotels. The matriarch of the family, Mavis Khoo-Oei, chairs the hotel group. However, the family derives most of their US$8.5 billion fortune – US$4 billion to be exact – from selling their shares in Standard Chartered Bank in 2006. The Khoos are also heavily involved in philanthropy and founded the Khoo Teck Puat Hospital in 2010.

6. Zhang Yong and Shu Ping

Combined net worth: US$9.7 billion

With a shared net worth of US$9.7 billion, this husband-and-wife duo hails from China and are the masterminds behind the renowned spicy Sichuan-style hotpot chain Haidilao. The business has around 1,500 locations across China, North America and other parts of Asia, and was listed in Hong Kong in 2022.

5. Kwek Leng Beng and family

Combined net worth: US$11 billion

Another family who made their billions from property, the Kweks run the Hong Leong Group. Kwek Leng Beng is the executive chairman of global property conglomerate City Developments. The family’s net worth is US$11 billion thanks in part to their stakes in these high-profile property businesses.

4. Goh Cheng Liang

Net worth: US$12.3 billion

Goh Cheng Liang shows how dedication and a proven formula is one sure-fire way to success. Goh expanded from a small paint factory to partnering with Nippon Paints Holdings, the world’s fourth-largest paint manufacturer. His majority stake in the Japanese company puts his net worth at US$12.3 billion.

3. Li Xiting

Net worth: US$14 billion

Good health may be priceless, as the saying goes, but you can certainly put a price tag on a successful healthcare business – US$14 billion to be exact. Li Xiting’s wealth comes from Mindray Bio-Medical Electronics, headquartered in Shenzhen. The company’s products range from ultrasound equipment and defibrillators to animal medical systems.

2. Robert and Philip Ng

Combined net worth: US$14.8 billion

The property giants who rank the highest on this rich list are the brothers who control the city state’s largest private property developer. Robert and Philip Ng helm the Far East Organization founded by their father Ng Teng Fong, who also built the family’s Hong Kong faction that trades under the Hong Kong stock exchange as Sino Land Co Ltd. The brothers have US$14.8 billion between the two of them.

1. Eduardo Saverin

Net worth: US$16 billion