⬅ # 407 Alexander Abramov|# 409 Helmut Sohmen

# 408 Robert Ng 

$7.19B

Real Time Net Worth
as of 5/18/2024
$36.9k (0.00%)

# 408 Robert Ng 

$7.19B

Real Time Net Worth
as of 5/18/2024
$36.9k (0.00%)
OccupationChair, Sino Group
Source of WealthReal Estate
Age72
ResidenceSingapore, Singapore
Marital StatusMarried
EducationLaw Degree, Middle Temple
Age-Adjusted Net Worth$3.19B
Robert Ng
Robert Ng
Singapore
Net worth: $7.19B

Self-Made Score 

Biography

Overview

Robert Ng Chee Siong, born in 1952, is a Singaporean billionaire businessman and the chairman of Hong Kong property development conglomerate Sino Group.
He is the eldest son of Ng Teng Fong, a Singaporean real estate billionaire, and has been listed among the world's richest people alongside his brother Philip Ng.
Ng experienced a significant financial setback during the October 1987 global stock market crash, resulting in losses of US$250 million from various investment holdings.
In June 1995, Ng assumed the chairmanship of Yeo Hiap Seng (YHS), a Singapore-listed food and beverages company, marking a pivotal moment in his battle for control over the company's assets.
Under Ng's leadership, Sino Group diversified its interests, spinning off its hotel division into Sino Hotels and expanding into various acquisitions, including the local branch of the Conrad Hotel.
Ng holds various directorial positions in subsidiaries and associated companies of Sino Group, including Tsim Sha Tsui Properties Limited and Sino Hotels (Holdings) Limited.

Positions and Political Influence

Ng serves as the chairman of Tsim Sha Tsui Properties Limited and Sino Hotels (Holdings) Limited within Sino Group.
He holds positions such as an independent non-executive director of The Hongkong and Shanghai Hotels, Limited, and a director of the Real Estate Developers Association of Hong Kong.
Ng is a member of the 11th National Committee of the Chinese People's Political Consultative Conference and was a non-executive director of SCMP Group Limited from 2004 to 2007.
Due to his business positions, Ng wields significant power under Hong Kong's functional constituency system, controlling a notable portion of votes in real estate and tourism constituencies.
He has voiced support for certain government policies, such as the 'Application List' system for land sale, and remains optimistic about the Hong Kong property market.
Ng's voting influence has drawn criticism, with concerns raised about the disproportionate power he holds in the electoral process.

Personal Life and Family

Robert Ng is married to Yeoh Saw Kheng, the daughter of Yeoh Ghim Seng, former Speaker of the Parliament of Singapore.
Ng identifies as a devout Christian, and he regards Far East Organization as a Christian enterprise.
His eldest son, Daryl Ng Win Kong, holds Singaporean citizenship and serves as the deputy chairman of Sino Group and the Chairman of Yeo Hiap Seng.
Ng's eldest daughter, Nikki Ng Mien Hua, holds key positions within Sino Group and is also involved in political activities outside the company.
He has two younger daughters, Jeanne Ng Mien Yi and Christine Ng Mien Yin, who are also engaged in various pursuits.
The Ng family has interests in horse racing, with Robert Ng, his wife, and children owning several racehorses and being involved in the Hong Kong Jockey Club.

How long would it take you to become as rich as Robert Ng?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Robert Ng's net worth of $7.19B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Robert Ng 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 Robert Ng, Real Estate 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