Brothers Robert and Philip Ng control Far East Organization, Singapore’s largest private landlord and property developer. The group was founded by their late father Ng Teng Fong, who moved from China to Singapore in 1934. Amid a sluggish home market, the brothers have been expanding overseas, notably in Australia, where they have invested close to $1.4 billion since 2013. Their latest purchase is a 65% stake in Vue Group, a restaurant chain started by celebrity chef Shannon Bennett. Hong Kong arm, Sino Group, is overseen by older sibling Robert and his son Daryl while Philip oversees the Singapore interests.The brothers are staunch Christians and refer to Far East as a Christian enterprise.
Robert and Philip Ng net worth: Robert and Philip Ng are Singaporean billionaire brothers who have a net worth of $10.1 billion. Born to real estate tycoon, Ng Teng Fong, they inherited most of their wealth from their late father who developed more than 700 hotels, malls and condos in Singapore and Hong Kong. The Ng family owns development organizations called Sino Group and Far East Organizations that built one in six private homes in Singapore. In 2012, the siblings listed their Far East Hospitality Trust (the largest hospitality and serviced residence portfolio by assets) on the Singapore Stock Exchange. However, the largest part of their fortune comes from their stakes in public Tsim Sha Tsui Properties, which is chaired by elder brother Robert, in Hong Kong. As for the younger sibling Philip, he manages family’s stakes in Singapore.
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