Ng Teng Fong, Ng Teng Fong News, Ng Teng Fong worth $8 billion

Singapore is in the recession since the island became an independent nation in 1965.
The total net worth of Singapore's is $39 billion, up 20% from last year's $32 billion.

Ng Teng Fong

Ng Teng Fong once again stands in the First Position, worth $8 billion, $1 billion more than last year. Whereas Kuok Khoon Hong's net worth is $2.2 billion to $3.5 billion.<

Some of the increase is due to the addition of very wealthy newcomers such as the Kwee brothers, who debut at No. 4 with a combined net worth of $3.2 billion. The Kwee brothers, who equally share ownership of Pontiac Land, the property developer that owns the city-state's Ritz-Carlton, are not new money and are well-known in Singapore's business circle. But they were not previously included due to lack of reliable financial information.

Other rich-listers like the Lien family, previously listed under Margaret Lien, got a boost from the inclusion of relatives' holdings