2016 review: Top 10 richest people in Singapore
As might be expected, most of the wealthiest people residing on the island have amassed their wealth through property.
Other industries represented on our list of Singaporean financial elites include the usual suspects, such as banking and the hot technology sector, but there is even room for the not-as-sexy paint industry!
Without further ado, here is our list of 2016’s top 10 richest people in Singapore, in ascending order of wealth:
#10 Richard Chandler – US$2.3 billion
Born a New Zealander, 57-year old Richard Chandler relocated to Singapore about a decade ago in 2006. He is the Chairman of Clermont Group in the island-city.
The Singapore-based business group invests in public and private equity across a vast range of industries, including several energy companies, financial services and even Vietnam’s biggest healthcare provider, Hoan My Medical Corporation, in which Clermont Group acquired an 80% stake.
#9 Raj Kumar & Kishin RK – US$2.4billion
This father and son pair is one of Singapore’s biggest names in real estate. Raj Kumar is the owner of Royal Holdings, a property investment focused group with significant expertise in the development and management of properties.
Established in 1947, the Group has substantial interests in major shopping centres in Singapore, such as Lucky Plaza, Far East Plaza and Orchard Towers.
Kishin RK is the founder of RB Capital, one of the most dynamic real estate development companies in the country. He has acquired and developed big property names such as Holiday Inn Express Clarke Quay and Park Hotel Farrer Park.