Ng Teng Fong

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Ng Teng Fong (born 1930) is a Singaporean real estate billionaire. His family owned the development corporation Sino Group.

Ng made his fortune with the help of one of Singapore's early billionaires, Eliya Thamby. Despite his fortune, he has attracted attention for his frugal lifestyle. Though he controls at least a quarter of Singapore's housing market, Ng lives in the same house he has had for 30 years, and used to take his own lunch on to airplanes.

Today, he is one of Hong Kong's largest real estate developers, and his Far East organization is one of the largest landholders in Singapore. He owns The Fullerton Singapore in Singapore. His older son, Robert, and younger son, Philip, are in charge of the Hong Kong and Singapore businesses respectively.

Ng's family net worth was $2.3 billion in 2004.

[edit] External links

Forbes 2004 [1] Forbes 2006 [2]

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