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Far East's Philip Ng tops billionaire list

His US$5.2b net worth is 1/5 of combined wealth of top 10: Wealth-X

Published Wed, Jul 9, 2014 · 10:00 PM
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[SINGAPORE] In land-scarce Singapore, real estate is king.

It is this which has put Philip Ng, the chief executive of Far East Organization, in pole position in a list of the top 10 Singapore-based billionaires released yesterday.

Nearly 80 per cent of the 55-year old property tycoon's US$5.2 billion in estimated net worth comes from his real-estate holdings.

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