Brothers Robert and Philip Ng control Far East Organization, Singapore’s largest private landlord and property developer. The brothers are staunch Christians and refer to Far East as a Christian enterprise.
The list which counted the real estate moguls as top billionaires here said for only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. Even with strong headwinds, resourceful and relentless entrepreneurs found new ways to get rich: 195 newcomers joined the ranks. The richest newcomer is Colin Huang, the founder of Chinese discount web retailer Pinduoduo, which went public in the U.S. in July. Other notable new entrants include Spotify’s Daniel Ek and Martin Lorentzon; Juul Labs’ James Monsees and Adam Bowen, Kind Bar’s Daniel Lubetzky and cosmetics wunderkind Kylie Jenner, who is the world’s youngest billionaire at age 21.
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