Ng Teng Fong
Ng Teng Fong (simplified Chinese: 黄廷芳; traditional Chinese: 黃廷芳; pinyin: Huáng Tíngfāng) (1928 – 2 February 2010)[1] was a Singaporean real estate tycoon with a major presence in Hong Kong.
[edit] History
He was born in a small village in Putian prefecture level city, Fujian province, China. The eldest of 11 children, he came to Singapore with his family when he was six.
Ng's family owns the development corporations Far East Organization and Sino Group.
Despite his fortune, he had a reputation for leading a frugal and unostentatious lifestyle. Though he controlled at least a quarter of Singapore's housing market, Ng lived in the same house he'd had for 30 years, and used to take his own lunch on the airplanes.
At the time of his death, Sino Group was one of Hong Kong's largest real estate developers, and Far East Organization remained one of the largest landholders in Singapore. Far East Organization also owns The Fullerton Singapore and numerous other landmark hotels and other properties.[2] His older son, Robert Ng, and younger son, Philip, are in charge of the family's Hong Kong and Singapore businesses respectively. Ng's family net worth was estimated to be US$5.5 billion in 2009.[3] Ng suffered a cerebral hemorrhage on 23 January 2010 and, after an unsuccessful operation, died on 2 February 2010 at the age of 82. At his death, he was reportedly the richest person in Singapore.[2]
[edit] References
- ^ Holmes, Sam; Li, Joyce (February 3, 2010). "Property tycoon Ng dies". The Wall Street Journal. http://online.wsj.com/article/SB30001424052748703338504575041033813451838.html. Retrieved February 3, 2010.[dead link]
- ^ a b Teo, Joyce; Wong, Reico (February 2, 2010). "Tycoon Ng Teng Fong dies". The Straits Times. http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_485355.html. Retrieved February 3, 2010.
- ^ "The World's Billionaires 2009". Forbes. March 11, 2009. http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Ng-Teng-Fong-family_QUOZ.html. Retrieved February 3, 2010.
