Singapore's 40 Richest - No 1

#1 Ng Teng Fong & family
08.20.08, 11:00 PM ET

SCMP

Age 80
Net Worth $7 billion
Married, 6 children

Nation's richest for second consecutive year with 72% stake in Hong Kong-listed Tsim Sha Tsui Properties. Also owns privately held Far East Organization, which has developed more than 700 hotels, malls, condos in Singapore. Older son Robert oversees Hong Kong interests; younger son Philip manages Singapore. Creating hipper image: Quincy, 108-room hotel, styled after the trendy W Hotels chain.

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