⬅ # 230 Michael Kim|# 232 Josh Harris

# 231 Goh Cheng Liang 


Real Time Net Worth
as of 4/23/2024
-$4.1M (-0.04%)

# 231 Goh Cheng Liang 


Real Time Net Worth
as of 4/23/2024
-$4.1M (-0.04%)
OccupationFounder, Wuthelam Holdings
Source of WealthPaints
ResidenceSingapore, Singapore
Marital StatusWidowed
Age-Adjusted Net Worth$860.65M
Goh Cheng Liang
Goh Cheng Liang
Net worth: $9.83B

Self-Made Score 

Wealth History

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Early Life

Goh Cheng Liang was born in 1927 in Singapore to Wu Songchang and Li Xiuying.
Growing up in poverty, he sold fishnets and worked as a rubber tapper for income.
After World War II, he started buying cheap paint from the British army, which eventually led to the foundation of his own local paint company.


In 1955, Goh set up his first paint shop in Singapore, becoming the main distributor for Nippon Paint in 1962.
Wuthelam Holdings, founded in 1974, initially focused on real estate but expanded into the paint business and property development.
In 2020, his son, Goh Hup Jin, facilitated a deal that allowed Wuthelam Holdings to take control of Nippon Paint, adding approximately $3.8 billion to Goh Cheng Liang's net worth.

Nippon Paint Stake

Goh Cheng Liang holds a majority stake in Japan's Nippon Paint Holdings, the world's fourth-largest paint manufacturer by revenue.
In 1962, he partnered with Nippon Paint, a collaboration that has been a significant source of his wealth.
In 2021, his son, Hup Jin, completed a $12 billion stock and cash deal, gaining a majority stake in Nippon Paint.

Company Celebration

In March 2021, Nippon Paint, the company Goh Cheng Liang has been associated with since 1962, celebrated its 140th anniversary.

Personal Life

Goh Cheng Liang resides in Singapore and is known for his philanthropy.
Through the Goh Foundation, he has made substantial donations to various charitable causes.
He has a son, Goh Hup Jin, who has been the chairman of Nippon Paint since March 2018 and oversees their privately held joint venture, Nipsea.

How long would it take you to become as rich as Goh Cheng Liang?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Goh Cheng Liang's net worth of $9.83B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

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Goh Cheng Liang is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Goh Cheng Liang, Paints is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey