Monday, July 16, 2007

Singapore's sixth richest man?

Both The Straits Times and The Business Times have an interesting profile of a man dubbed the remisier king in Singapore. BT estimated Peter Lim to be worth S$2 billion. The bulk of his wealth is a stake of under 5 per cent in plantation play Wilmar International, which has a market capitalisation of over S$22 billion.

That would easily put him in the league of the top ten richest men in Singapore. Oddly, I don't recall Forbes ranking him as one of the richest men in Singapore. The latest Forbes survey put the family of the late Khoo Teck Puat as the richest people in Singapore with a total wealth of US$5 billion. Other old money folks in the Forbes list in Singapore include property developers Ng Teng Fong and Kwek Leng Beng, and bank owners Wee Cho Yaw and Lee Seng Wee.

At S$2 billion, Peter is easily ranked the sixth richest man in Singapore. Not bad for a remisier-cum-deal maker, who made it big in the 1990s, according to ST, with clients
such as then Indonesian president Suharto's son, Bambang, and then Malaysian prime minister Mahathir Mohamad's son, Mokhzani.


Anonymous said...

just another con.

Anonymous said...

hhahah f you not another con its true.go read the papers yourself he appears nearly every month if he wants to. doont talk about other people when you guys cant make it big yourself.

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