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# 485 Robert Ng $5.41B

Random fact: Lost about $125 million in futures markets during the 1987 crash.


Ng is the chairman of Sino Group, a Hong Kong-based real estate operation he controls with his brother, Philip. Sino owns Conrad Hong Kong and Fullerton Hotel Singapore. The brothers also control Far East Organization, Singapore's largest private property developer, and have stakes in Hong Kong developer Tsim Sha Tsui Properties.

As of :
Last change +$29.7M ( +0.6%)
YTD change +$127M ( +2.4%)
Biggest asset Far East Organization
Country / Region Singapore
Age 71
Industry Real Estate
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Robert Ng's net worth of $5.41B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Ng's wealth is held through Sino Group and Far East Organization, which he controls with his younger brother, Philip 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 Far East, while their mother Tan Kim Choo controls the remaining 50%, according to the company's 2014 filings with the Singapore Accounting and Corporate Regulatory Authority. Far East is the largest private developer in Singapore, according to the Sino Group website.

The valuation of the closely held property developer is based on the average price-to-earnings of three publicly traded peer companies: Ho Bee Land, Frasers Property and Sun Hung Kai Properties. The company reported revenue of S$3.9 billion ($3.1 billion) in 2013 and has not disclosed financial results since then. It's valued using the 2021 revenue calculated at $4.1 billion based on the revenue growth rate of the publicly traded peers.

His most valuable publicly traded asset is his 36% interest in Tsim Sha Tsui Properties, the Hong Kong-based holding company of developer Sino Land, according to an April 2022 stock exchange filing. His other assets include a 1.4% stake in Sino Land, excluding shares owned by Tsim Sha Tsui Properties. He also has a 24% equity in Sino Hotels, which owns part of Conrad Hong Kong.

The value of his cash investments is based on an analysis of dividends, insider transactions, market performance and taxes.

Zoe Wu, a Far East Organization spokeswoman, declined to comment on his net worth.


Family: Married, 4 children

Ng is the eldest son of Ng Teng Fong, who founded Far East Organization, the biggest closely held property developer in Singapore, and Sino Group in Hong Kong. His father died in 2010 after suffering a cerebral hemorrhage. Robert, trained as a lawyer, built the family's Hong Kong real estate business under the direction of the late patriarch and has been chairman of Sino Group -- parent of Hong Kong-listed Sino Land, Tsim Sha Tsui Properties and Sino Hotels -- since 1981. Younger brother Philip oversees Far East Organization.

Sino Land had its initial public offering in 1981. As a relative newcomer then, Robert had to compete with established players, including Cheung Kong, Sun Hung Kai Properties and Henderson Land Development, which held vast tracts of agricultural land bought decades earlier. He won a reputation for buying expensive plots of land to compete with the cartel of developers.

Undeterred by concerns that Hong Kong's prospects could change once Britain relinquished control of the territory in 1997, Ng bought what was then the most expensive piece of property ever sold at a government auction -- a waterfront site for HK$11.8 billion ($1.5 billion) -- months before the city's handover to China. When asked then if he was optimistic about the future of real estate in post-handover Hong Kong, the developer was cited by the South China Morning Post as saying: "You ask me this after we pitch HK$11 billion? Are you crazy?"

During the early 1980s, Sino Land struggled during a slump in property values, posting a loss of HK$118 million in 1984. Three years later, Ng's company lost a reported $125 million in the futures markets during the 1987 stock market crash. It bounced back. As Chinese property prices plummeted in the wake of the 1989 Tiananmen Square crackdown, Sino Land bought property in the southern Chinese cities of Xiamen, Fuzhou and Guangzhou. A consortium led by Sino Land opened what was then Asia's tallest building, Central Plaza in Hong Kong. Ng was part of a 1,200-member election committee that picked Hong Kong's new leader in 2012.

  • 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.
  • 1987 Far East Organization buys majority stake in Ming Court Hotel.
  • 1991 Becomes chairman of Sino Group.
  • 1991 Ming Court Hotel renamed Orchard Parade Hotel.
  • 1995 Majority stake in Yeo Hiap Seng acquired by Far East Organization.
  • 2010 Father dies at age 82 after suffering a cerebral hemorrhage.
  • 2012 Far East Organization lists hotel trust in Singapore.
  • 2016 Far East acquires majority stake in Australia's Vue Group