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SINGAPORE: Billionaire brothers Robert and Phillip Ng have been absent from CEOWORLD’s every day rating of the richest Singaporeans, for a complete month. The brothers have been final seen on the positioning on 28 Feb, holding on to the second spot after Mindray Medical CEO Li Xiting.
Outstanding figures within the enterprise world, Robert and Phillip Ng are the sons of the late Ng Teng Fong, a pioneer in Singapore’s property improvement business who based Far East Group in 1960.
One of many largest non-public property builders in Singapore, with a portfolio of properties that features a number of the city-state’s most iconic buildings and landmarks, Far East Group is at present run by the Ng brothers.
Robert Ng serves as chairman of Far East and it’s sister group, Hong Kong-based conglomerate Sino Group that has pursuits in property, hospitality, and different companies.
Phillip Ng is the CEO of Far East Group and likewise serves because the chairman of Frasers Property, a worldwide actual property firm that operates in over 80 cities worldwide.
Collectively, the brothers are among the many richest folks in Singapore, with a mixed web value of US$15.3 billion or S$20.5 billion, in line with CEOWORLD as of 28 Feb.
However curiously, that was additionally the final time the brothers appeared on the enterprise e-publication’s every day rankings. In the entire month of March, the Ng brothers have been conspicuously absent from CEOWORLD’s record of Singapore’s wealthiest folks.
Their quantity two spot was taken by Goh Cheng Liang, a serious stakeholder in Japan’s Nippon Paint Holdings, the fourth-biggest paint producer on the earth at present. Mr Goh has occupied the identical place in CEOWORLD’s every day rankings from the start to finish of final month.
The Impartial Singapore has written to CEOWORLD for remark.
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