- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $10.1 Billion
- Birthdate:
- 1952 (72 years old)
- Birthplace:
- Singapore
- Gender:
- Male
- Profession:
- Businessperson
- Nationality:
- Singapore
What is Robert and Philip Ng's Net Worth?
Robert and Philip Ng are Singaporean billionaire brothers who have a net worth of $10.1 billion. Born to real estate tycoon, Ng Teng Fong, they inherited most of their wealth from their late father who developed more than 700 hotels, malls and condos in Singapore and Hong Kong. The Ng family owns development organizations called Sino Group and Far East Organizations that built one in six private homes in Singapore.
In 2012, the siblings listed their Far East Hospitality Trust (the largest hospitality and serviced residence portfolio by assets) on the Singapore Stock Exchange. However, the largest part of their fortune comes from their stakes in public Tsim Sha Tsui Properties, which is chaired by elder brother Robert, in Hong Kong. As for the younger sibling Philip, he manages family's stakes in Singapore.
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