Billionaire Net worth [ Real Estate Entrepreneur Philip Ng ] journey and milestones from 1960 to 2016

Cover Image of Billionaire Net worth [ Real Estate Entrepreneur Philip Ng ] journey and milestones from 1960 to 2016 

Real Estate Entrepreneur Philip Ng was born in 1958. He is currently 64th age Currently living in  Singapore  He is married and has 6 children and studied at Massachusetts Institute of Technology, University of London and  0.0217% of the GDP of the United States according to his new worth and 0.0684% of the total wealth of the 500 richest people in the world 79% of the top 200 U.S. executives’ total awarded compensation Philip Ng is chief executive of Far East Organization, Singapore's largest closely held developer. It's calculated to have had revenue of $3.5 billion in 2020. He controls Hong Kong-based developer Sino Group with his brother, Robert, and has a stake in Tsim Sha Tsui Properties, a Hong Kong-based developer.

Philip Ng appeared on Tatler Singapore’s ‘300 List’, a compilation of the country’s most powerful and influential people; alongside other billionaires like Shu Ping and Kishin RK. Most recently in 2020, Philip Ng and his brother, Robert Ng ranked fifth on Forbes’ list of ‘Singapore’s 50 Richest’ having been worth an estimated $13.2 billion combined.

Entrepreneur Name	Philip Ng   Image of Real Estate Entrepreneur Philip Ng
Birth Date	1958
Country or Region	Singapore
Age	64
family, children	Married, 6 children
Education	Massachusetts Institute of Technology, University of London
Industry	Real State
Organization	Far East Organization

 

Who is Philip Ng?

Philip Ng is the youngest son of Ng Teng Fong, who founded Far East Organization, the most prominent closely held property developer in Singapore, in the 1960s and Sino Group in Hong Kong about a decade later. The late patriarch, born in China's southeastern Fujian province before migrating to Singapore when he was six, died in 2010 after suffering a cerebral hemorrhage. He was 82.

Years	Journey or Milestones
1960	Father, Ng Teng Fong, sets up Far East Organization in Singapore.
1970	Sino Group is established in Hong Kong by his father.
1981	Developer Sino Land starts trading on the Hong Kong stock exchange.
1991	Ming Court Hotel was renamed Orchard Parade Hotel.
1995	The majority stake in Yeo Hiap Seng was acquired by Far East Organization.
2005	Sets up Novena Medical Center in its first health-care venture.
2010	Father dies at age 82 after suffering a cerebral hemorrhage.

2012	Orchard Parade takes over the group's hotel and healthcare assets.
2012	Far East Organization lists hotel trust in Singapore.
2016	The Far East acquires a majority stake in Australia's Vue Group

2022 Net worth

5 Billion Dollor

  

Philip Ng Net worth 

Philip Ng has a Net Worth of $ 5 Billion Dollar  and he is ranked under the 500 Billionaire index according to the Bloomberg Billionaires  index 

About Philip Ng Net worth 

Most of Ng's wealth is held through the Sino Group and Far East Organization, which he controls with his older brother, Robert Ng. Both brothers equally split the wealth of their late father, Ng Teng Fong, being co-executors of his estate, according to filings of companies where they have interests. Based on this, 

each brother is credited with a 25% stake in the Far East. In comparison, their mother Tan Kim Choo controls the remaining 50%, according to the company's 2014 filings with the Singapore Accounting and Corporate Regulatory Authority. According to the Sino Group website, Far East is the largest private developer in Singapore.

FAQs about Philip Ng
Some FAQs (Frequently Asked Questions) about Philip Ng.

Q. What is the Net Worth of Philip Ng?

Ans: The Net Worth of Philip Ng is $ 5 Billion Dollor in 2022.

Q. Where is the country region of Philip Ng?

Ans: The country region of Philip Ng  is Singapore.

Q.What is the Date of Birth of Philip Ng?

Ans : The birthday of Philip Ng is on (born 16 September 1958).

Q. Is Philip Ng Married?

Ans: The marital status of Philip Ng is: Married

Q. How many children of Philip Ng?

Ans:  Philip Ng has 6 children

Mr Philip Ng's Story