The combined market cap of these 50 companies/trusts account for nearly one-third of the total market capitalisation on Singapore Exchange. Their businesses range from banking and finance, hospitality, real estate development and investment (including REITs), to leisure, retail, food and beverage, agriculture, commodities, utilities, shipping and healthcare.
SINGAPORE (June 11): SGX lists at least 24 companies and two trusts associated with seven business empires run by some of Singapore’s richest families. These home-grown companies and/or conglomerates on SGX have a combined market capitalisation of more than $100 billion. They belong to the Wee, Kwek, Ng, Kuok, Koh, Goi and Chua families, with many of the patriarchs being ranked among the city-state’s richest people.
SGX also lists at least 18 companies and eight trusts associated with five foreign family empires – three Indonesian, one Thai and one British – with a combined market capitalisation of more than $200 billion. The Indonesian business empires are associated with the Widjaja, Riady and Salim families, while Thai corporate ownership is represented by the Sirivadhanabhakdis, and the Jardine Group of companies is controlled by the Scottish/British Keswick family.
