Singapore's richest man dies at 82

The 82-year-old founder of privately held Far East Organization suffered a brain hemorrhage on January 23 and underwent an operation before he passed away peacefully in Singapore, a company press release said.

Far East Organization and its Hong Kong-based sister company, Sino Group, comprise one of Asia's biggest property groups, with a combined annual turnover of 5.5 billion dollars and total assets valued at more than US$40 billion, the company web site said.

It is the largest private residential landlord and one of the biggest owner-operators of hotels in Singapore, with two publicly listed companies, hotel operator Orchard Parade Holdings and beverage firm Yeo Hiap Seng.

Ng topped Forbes magazine's list of the 40 wealthiest people in Singapore in 2009 and was ranked as the world's 87th richest.

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email