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Well as they say, the rich get richer. Well that sure was an understatement as some companies I noticed had huge profits despite global financial dire crisis we’re having.
Logic? Well its a crazy world out there. Its up to us to grab the wealth just waiting to be made. The figures below are bases on using share prices and exchange rates.
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Ng Teng Fong & family - 7,000 (million)
Real estate billionaire family who owns development corporation Sino Group.
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Khoo Family - 6,100 (million)
Old-school money as the family has a rich banker. Now the family deals in hotels.
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Wee Cho Yaw & family - 3,600 (million)
Head of the family is the Chairman of the United Overseas Bank Group (UOB).
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Zhong Sheng Jian - 1,800 (million) 49 years old
A young billionaire which deals in property development. Company is Yanlord Land Group Limited.
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Kuok Khoon Hong - 1,300 (million) 59 years old
Co-founder of palm oil giant Wilmar International.
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Kwek Leng Beng & family - 1,200 (million)
Head of the family is Executive Chairman of Hong Leong Group Singapore, a local bank. Also Chairman of City Developments Limited (CDL), a property and hotel group.
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Peter Lim - 1,100 (million) 55 years old
An investor guru and former stock broker, now turned full-time investor.
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Lee Seng Wee - 730 (million) 77 years old
Former chairman of Singapore’s third-largest bank, Oversea-Chinese Banking Corporation (OCBC).
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Tan Boy Tee - 720 (million) 59 years old
Owns a fleet of vessels and shipyard business.
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Brian Chang - 560 (million) 65 years old
Chairman of Yantai Raffles Co. Ltd. which deals with offshore equipment and shipyward.
So do you see the trend? Money makers are those mostly dealing in banking sector and real estate. Also having your own business in the service industry rakes up the profit.
But you don’t go out there, quit your day job and be a banker or property agents immediately, but I feel if you’ve the passion and flair for it, you’ll succeed where others have failed.
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