Ng Teng Fong

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This is a Chinese name; the family name is Ng (simplified Chinese: ; traditional Chinese: ; pinyin: Huáng).

Ng Teng Fong (simplified Chinese: ; traditional Chinese: ; pinyin: Huáng Tíngfāng) (1928 – 2 February 2010)[1] was a Singaporean real estate tycoon with a major presence in Hong Kong.

History[edit]

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 miserly 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]

References[edit]

  1. ^ Holmes, Sam; Li, Joyce (February 3, 2010). "Property tycoon Ng dies". The Wall Street Journal. Archived from the original on February 7, 2010. Retrieved February 3, 2010. 
  2. ^ a b Teo, Joyce; Wong, Reico (February 2, 2010). "Tycoon Ng Teng Fong dies". The Straits Times. Retrieved February 3, 2010. 
  3. ^ "The World's Billionaires 2009". Forbes. March 11, 2009. Retrieved February 3, 2010.