1. The Ng family
Company: Far East Organization
Net worth: $9.7 billion
The family behind Far East Organization, Singapore’s largest private property developer, the Ng family have made the Asia’s richest families list for three consecutive years. The company’s net worth continues to grow and most recently, it acquired one of Sydney’s most iconic landmark—the 19th century General Post Office building for a reported A$150 million (S$156 million).
Founded by late real-estate tycoon Ng Teng Fong, who earned the moniker of “King of Orchard Road”, the company is helmed by his children Robert, Philip, Siok Keow, Dorothy Chan and Siok Giok. Oldest brother Robert is chairman of the Sino Group, the company’s Hong Kong arm; Phillip is CEO of the local operations, while siblings Siok Keow, Dorothy and Siok Giok serve as executive directors.