ECONOMY, HR & EDUCATION | Staff Reporter, Singapore

Singapore tycoons are getting richer this year

Their total net worth has risen by 11% to $104.6b.

Despite global headwinds and a sluggish economy, the total net worth of Singapore's 50 richest personalities has risen up this year by 11% to $104.6b.

According to Forbes, close to two-thirds of the tycoons on the list saw their fortunes increase, even as the minimum net worth to be considered in the list rose to $540m from $455m last year.

At the top of the list is Robert & Philip Ng, with a total net worth of $9.4b. The brothers have held the top spot of the Forbes' list for eight straight years. The two control Far East Organization, Singapore's largest private landlord and property developer.

Following the brothers is Eduardo Saverin, with a total net worth of $9.3b. Interestingly, he is also the youngest in the list at age 35. He co-founded Facebook with Mark Zuckerberg.

Third in the richest list is Goh Cheng Liang, with a net worth of $7.8b. His wealth is from his 39% stake in Japan's Nippon Paint Holdings, the seventh largest paint manufacturer in the world.

Check out the complete list of Forbes' 50 richest people in this link.

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