Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 449 Tan Kim Choo $5.72B

Random fact: Family established a charitable foundation upon Ng's death.


Tan is the largest shareholder of Far East Organization, the biggest closely held property developer in Singapore. It's calculated to have had revenue of $4.1 billion in 2021 and has completed over 780 projects. Tan also has stakes in beverage maker Yeo Hiap Seng and real estate developer Far East Orchard.

As of :
Last change +$51.8M ( +0.9%)
YTD change +$174M ( +3.1%)
Biggest asset Far East Organization
Country / Region Singapore
Age -1
Industry Real Estate
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Tan Kim Choo's net worth of $5.72B 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 Tan's wealth is held through Far East Organization, in which she has a half stake, according to the company's 2014 filings with the Singapore Accounting and Corporate Regulatory Authority. The company is controlled by her sons, Philip and Robert Ng. The two are also co-executors of the estate of Tan's late husband, Ng Teng Fong. Far East Organization, the largest closely held property developer in Singapore, has completed over 780 developments since its establishment in 1960, according to its 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 2021 revenue estimated at $4.1 billion based on the revenue growth rate of the publicly traded peers.

Tan also has stakes in other publicly traded assets that she holds directly and through Singapore-based holding companies, including Golden Development and Riverland. Ownership for these entities isn't known and she's credited with half, in line with her disclosed stake in Far East. She owns about 31% of developer and beverage maker Yeo Hiap Seng, according to the company's 2021 annual report.

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

Through Bertha Cheung, a Far East Organization spokeswoman, the billionaire declined to comment on her net worth.


Family: Widowed, 8 children

Tan Kim Choo is the wife of Ng Teng Fong, founder of Far East Organization. He created the company in the 1960s and turned it into the biggest closely held property developer in Singapore, and formed Sino Group in Hong Kong in the 1970s. Her late husband was born in China's southeastern Fujian province and migrated to Singapore at age six. He died in 2010 at age 82 after suffering a cerebral hemorrhage.

Tan's two sons, Philip and Robert Ng, oversee the late Ng's business empire. Robert, trained as a lawyer, built the family's Hong Kong real estate business under the direction of his late father 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 took over the reins at Far East Organization from his father in the 1990s.

Philip Ng reorganized Far East Organization's hospitality and health-care businesses in 2012, when Singapore-based Orchard Parade Holdings divested three hotels through the listing of a property trust. The trust also acquired several other hotels and serviced residences in Singapore that are owned by the Far East Organization.

Tan and her family donated about $100 million in 2011 to a hospital the government is building in Singapore in memory of the late Ng. Plans to call it Ng Teng Fong Hospital prompted Tan Cheng Bock, a former member of Parliament, to step down from the board of the hospital as he disagreed with it being named after the late property tycoon. The Ng Teng Fong General Hospital was opened in June 2015.

  • 1960 Husband, Ng Teng Fong, sets up Far East Organization in Singapore.
  • 1981 Developer Sino Land starts trading on the Hong Kong stock exchange.
  • 1987 Far East Organization buys majority stake in Ming Court Hotel.
  • 1991 Ming Court Hotel renamed Orchard Parade Hotel.
  • 1995 Majority stake in Yeo Hiap Seng acquired by Far East Organization.
  • 2005 Sets up Novena Medical Center in first health-care venture.
  • 2010 Husband dies at age 82 after suffering a cerebral hemorrhage.
  • 2012 Far East Organization hotel trust begins trading in Singapore.
  • 2014 Opens a sales office in Myanmar.
  • 2016 Buys a majority stake in Australian restaurant group.