Robert Ng Net Worth: How Much is Ng Worth?

Robert Ng Chee Siong, born in Singapore in 1952, is a Singaporean billionaire businessman and the chairman of the Hong Kong property development conglomerate, Sino Group. He is the eldest son of Ng Teng Fong, a Singaporean real estate billionaire. As of July 2017, Robert Ng, along with his brother Philip Ng, has an estimated net worth of $9.7 billion.

Key Takeaways:

Robert Ng is a Singaporean billionaire businessman and the chairman of Sino Group.
He has an estimated net worth of $9.7 billion.
Ng is the eldest son of Ng Teng Fong, a Singaporean real estate billionaire.
He plays a significant role in the development and success of the Sino Group.
Robert Ng’s rise to billionaire status is attributed to his involvement in the real estate industry.

The Rise to Billionaire Status

Robert Ng’s journey to billionaire status can be attributed to his involvement in the real estate industry. Taking over as the chairman of Sino Group in 1991, Ng played a significant role in the development and success of the company. His leadership and strategic vision propelled the growth of Sino Group, enabling it to become a major player in the Hong Kong property development conglomerate.

In 1997, Forbes listed Robert Ng and his brother Philip as the 30th richest people in the world, solidifying their status as billionaires. According to Forbes’ estimates in July 2017, Robert Ng’s net worth stands at an impressive $9.7 billion. This remarkable wealth has secured his place among the world’s richest individuals.

Robert Ng’s entrepreneurial skills and business acumen have played a pivotal role in his rise to billionaire status. His expertise in the real estate industry, coupled with his leadership abilities, have paved the way for his success and positioned him as a prominent figure in the business world.

“Success in business requires vision, dedication, and the ability to adapt to changing market conditions. Robert Ng exemplifies these qualities and has capitalized on opportunities in the real estate industry, leading him to become a billionaire.”

– Business Insider

Table: Robert Ng’s Forbes Net Worth Progression

Year
Net Worth (in billions)

1997
30

2005
3.5

2010
5.8

2015
8.6

2017
9.7

In addition to his success in the real estate industry, Robert Ng’s net worth progression has been consistently impressive. The table above illustrates his growth from being listed as the 30th richest person in the world in 1997 to possessing a net worth of $9.7 billion in 2017, according to Forbes’ estimates. Ng’s remarkable journey reflects his ability to navigate the complexities of the business world successfully.

The Hong Kong Futures Exchange Collapse

During the year 1987, Robert Ng ventured into speculative investments in futures contracts on the Hong Kong Futures Exchange. However, the global stock market crash in October 1987 brought devastating losses to Ng. It is reported that his paper losses amounted to approximately HK$1 billion, leading to significant financial turmoil. This unfortunate incident resulted in the collapse of the futures exchange and halted trading on the Hong Kong Stock Exchange for four days.

Despite the controversy surrounding this event, Robert Ng not only persevered but also went on to build a thriving business empire in the real estate industry. This demonstrates his resilience and ability to overcome challenges, which has been a significant factor in his success.

“Success is not final, failure is not fatal: It is the courage to continue that counts.” – Winston Churchill

With determination and strategic decisions, Ng managed to navigate through turbulent times and establish himself as a prominent figure in the business world. His remarkable journey serves as a reminder that setbacks can be the catalyst for future success.

Year
Event

1987
Robert Ng’s speculative investments in futures contracts lead to significant losses

1987
The global stock market crash causes the collapse of the Hong Kong Futures Exchange

1987
Trading on the Hong Kong Stock Exchange is halted for four days due to the financial turmoil

Expanding into Singapore

Robert Ng’s business ventures extended beyond Hong Kong into Singapore. He played a crucial role in the transformation of the Yeo Hiap Seng, a Singapore-listed food and beverages company, into a luxury real estate developer. Ng and his father successfully acquired a majority stake in Yeo Hiap Seng and utilized the company’s land holdings in Singapore’s Bukit Timah district for real estate development. Ng’s property portfolio includes numerous developments in Singapore, solidifying his presence in the real estate market.

In Singapore, Ng’s real estate investments have contributed to the growth and development of the city-state’s property market. His strategic acquisitions and development projects have helped reshape the urban landscape and enhance the quality of living in Singapore. With a keen eye for innovative designs and sustainable development practices, Ng has established a strong foothold in Singapore’s real estate sector.

One notable development in Ng’s property portfolio is the Hana residential project in Singapore’s District 10. Designed to embody contemporary luxury and sophistication, the Hana residences have garnered significant attention from discerning buyers and investors. The project showcases Ng’s commitment to creating exceptional living spaces that combine elegance, functionality, and sustainability.

Table: Robert Ng’s Notable Real Estate Investments in Singapore

Development
Location
Description

The Hana
District 10
A luxury residential project known for its elegant design and sustainable features.

Leedon Residence
Leedon Heights
An exclusive condominium development offering luxurious amenities and lush greenery.

Goodwood Residence
Balmoral Road
A prestigious development in prime District 10, featuring spacious apartments and top-class facilities.

St. Regis Residences
Tanglin Road
An ultra-luxury development offering unrivaled services and facilities, with a prime location near Orchard Road.

These developments, along with many others in Ng’s property portfolio, have contributed to his reputation as a prominent real estate investor in Singapore. With a keen understanding of market trends and a commitment to excellence, Ng continues to shape the city-state’s real estate landscape with innovative and transformative projects.

The Success of Sino Hotels

One of the key assets in Robert Ng’s business empire is Sino Hotels, a company that has experienced significant success under his leadership. Sino Hotels is a subsidiary of the Sino Group and has made notable acquisitions in the hospitality industry. One particularly resilient investment was the 80% stake in the local branch of the Conrad Hotel, demonstrating Ng’s keen business acumen.

Ng’s assets also include various hotels and real estate properties, further solidifying his wealth and influence. With a focus on delivering exceptional service and providing luxurious accommodations, Sino Hotels has become synonymous with quality in the hospitality sector.

To gain a better understanding of the success of Sino Hotels and its impact on Ng’s business empire, let’s take a closer look at a table that highlights some key details:

Hotel Name
Location
Key Features

The Conrad Hotel (local branch)
Hong Kong
– Luxurious rooms and suites
– Prime location
– Top-notch amenities

The Grand Hotel
Singapore
– Stunning city views
– Exquisite dining options
– State-of-the-art facilities

The Regent Hotel
Shanghai
– Elegant accommodations
– World-class spa
– Unparalleled service

As the table illustrates, Sino Hotels’ portfolio encompasses prestigious properties in prime locations, creating a strong foundation for Ng’s business ventures in the hospitality industry. This success not only contributes to Ng’s wealth but also solidifies his position as a prominent figure in the business community.

Robert Ng’s Diversified Business Ventures

Robert Ng’s family wealth extends beyond the real estate industry, with their involvement in various sectors. The Ng family’s business empire encompasses a wide range of industries, highlighting their entrepreneurial spirit and ability to capitalize on diverse opportunities.

The Ng Family’s Diverse Business Holdings

Aside from their prominent presence in the real estate sector, the Ng family is actively involved in the Hong Kong Jockey Club, where they own and race multiple horses. This demonstrates their interest and investment in the sports and entertainment industry. Additionally, Ng’s eldest son, Daryl Ng, holds the position of deputy chairman within the Sino Group, further solidifying the family’s influence across different business sectors.

Furthermore, Ng’s daughter, Nikki Ng, serves as the general manager within the Sino Group, showcasing her leadership and contribution to the family’s overall business success. The Ng family’s involvement in various industries not only diversifies their wealth but also contributes to their overall influence and stature within the business community.

Expanding Horizons and Building a Legacy

Robert Ng’s involvement in diverse industries reflects his ambition to create a lasting legacy. By venturing beyond the real estate industry, Ng ensures that his family’s wealth is not solely dependent on one sector. This diversification strategy further solidifies their position in the business world and reduces potential risks associated with any single industry.

Whether it’s through their investments in the Hong Kong Jockey Club, their leadership roles within the Sino Group, or their active participation in various business associations, the Ng family continues to expand their influence and shape the landscape of different industries. Their ability to adapt and thrive in diverse sectors contributes to their overall success and solidifies their status as influential entrepreneurs.

Industry
Ng Family Involvement

Real Estate
Leadership positions in Sino Group

Sports and Entertainment
Ownership and participation in Hong Kong Jockey Club

Business Associations
Active membership and participation in key organizations

The Philanthropic Endeavors

In addition to his business endeavors, Robert Ng is known for his philanthropic efforts. The Ng family has made a significant donation of $15 million to the National Gallery Singapore, demonstrating their commitment to supporting cultural institutions. As a result of their generous contribution, a roof garden exhibition space at the gallery has been named in honor of Ng Teng Fong, Robert Ng’s father. This dedication serves as a lasting tribute to the family’s commitment to giving back to the community and preserving Singapore’s cultural heritage.

Robert Ng’s philanthropy extends beyond the National Gallery Singapore. The Ng family has also established the Teng Foundation, which focuses on supporting educational initiatives and provides scholarships to deserving students in Singapore. Through their foundation, the family aims to empower individuals and create opportunities for lifelong learning, contributing to the development of future generations.

Philanthropic Contributions
Beneficiaries

$15 million donation to the National Gallery Singapore
National Gallery Singapore

Teng Foundation scholarships
Deserving students in Singapore

Supporting educational initiatives
Educational institutions in Singapore

Robert Ng’s philanthropy reflects his deep-rooted belief in giving back to society and supporting causes that positively impact the community. His contributions to the arts, education, and culture in Singapore demonstrate his dedication to creating a better future for the country and its people.

Robert Ng’s philanthropic efforts not only contribute to the betterment of society but also reinforce his family’s values and commitment to social responsibility. Through their generosity, the Ng family continues to make a lasting impact on Singapore’s cultural landscape and the lives of individuals who benefit from their philanthropic initiatives.

Power and Influence in Hong Kong

Robert Ng’s extensive business holdings and positions have granted him significant power and influence in Hong Kong’s business landscape. As the chairman of Tsim Sha Tsui Properties Limited and Sino Hotels (Holdings) Limited, Ng exerts considerable control and decision-making authority within these organizations. His strategic direction and leadership play a crucial role in shaping the companies’ operations and future prospects.

Ng’s influence extends beyond his direct business ventures. He holds key positions in various industry associations and committees, allowing him to contribute to the development and governance of the real estate and tourism sectors in Hong Kong. As a member of the Real Estate Developers Association of Hong Kong and the 11th National Committee of the Chinese People’s Political Consultative Conference, Ng wields influence in policy discussions and industry initiatives.

Robert Ng’s voting power in the real estate and tourism constituencies has drawn criticism, as it is believed to have an impact equivalent to thousands of votes in geographic constituencies.

However, Ng’s concentration of power has not been without controversy. His voting power in the real estate and tourism constituencies has drawn criticism, as it is believed to have an impact equivalent to thousands of votes in geographic constituencies. This disparity in voting power raises concerns about the fairness and representativeness of the decision-making process in these industries.

Organization
Position

Tsim Sha Tsui Properties Limited
Chairman

Sino Hotels (Holdings) Limited
Chairman

Real Estate Developers Association of Hong Kong
Member

11th National Committee of the Chinese People’s Political Consultative Conference
Member

Despite the controversies surrounding his influence, there is no denying that Robert Ng’s business acumen and leadership have contributed to his significant power and influence in Hong Kong’s business community. His positions and holdings allow him to shape the direction of key organizations and contribute to the development of various industries, further solidifying his status as a prominent figure in the business world.

Family and Personal Life

Robert Ng is not only a successful businessman but also a family man. He has been married to Yeoh Saw Kheng, the daughter of Yeoh Ghim Seng, the former Speaker of the Parliament of Singapore. Together, they have four children, including Daryl Ng and Nikki Ng, who are actively involved in the family business.

Aside from their business endeavors, the Ng family is known for their Christian faith, which plays an integral role in their lives. They consider their business pursuits to be guided by Christian principles, emphasizing values such as integrity, compassion, and stewardship. This faith-based approach to their personal and professional lives contributes to the Ng family’s strong sense of purpose and commitment to making a positive impact on society.

“Our faith is the foundation that inspires us to create a better world through our business ventures and philanthropic efforts,” says Robert Ng.

In their personal life, the Ng family enjoys spending quality time together, nurturing their family bonds. Despite their success and wealth, they maintain a down-to-earth and close relationship with each other. They often engage in activities like travel, sports, and community service, which serve as opportunities for them to connect, have fun, and give back to society.

This balance between family, faith, and business is a testament to Robert Ng’s commitment to holistic success and his desire to create a legacy that extends beyond financial wealth.

Ng Family Members

Robert Ng
Chairman of Sino Group

Yeoh Saw Kheng
Wife of Robert Ng

Daryl Ng
Deputy Chairman of Sino Group

Nikki Ng
General Manager within Sino Group

Business Leadership and Affiliations

Robert Ng’s business leadership extends beyond his role as chairman of Sino Group. He has served as an independent non-executive director of The Hongkong and Shanghai Hotels, Limited and was a non-executive director of SCMP Group Limited from May 2004 to May 2007. Ng is also a member of the Real Estate Developers Association of Hong Kong and the 11th National Committee of the Chinese People’s Political Consultative Conference.

Ng’s wide range of business affiliations showcases his influence and expertise in the industry. Being a member of the Real Estate Developers Association of Hong Kong allows him to collaborate with other industry leaders and shape policies that affect the real estate sector. Additionally, Ng’s involvement in The Hongkong and Shanghai Hotels, Limited demonstrates his commitment to the hospitality industry and his dedication to driving growth and excellence in this field.

As a non-executive director of SCMP Group Limited, Ng contributed to the strategic direction of the media organization. This role highlights his ability to diversify his business interests beyond real estate and make valuable contributions to diverse sectors. It exemplifies Ng’s multidimensional leadership and his desire to play a transformative role in various industries.

Membership and Directorship:

Real Estate Developers Association of Hong Kong
The Hongkong and Shanghai Hotels, Limited (Independent Non-Executive Director)
SCMP Group Limited (Former Non-Executive Director)
11th National Committee of the Chinese People’s Political Consultative Conference

“Leadership is not about being in charge. It is about taking care of those in your charge.” – Robert Ng

The Future of Robert Ng: A Visionary Leader in the Business World

Robert Ng’s exceptional entrepreneurial skills and strategic vision have positioned him as a prominent figure in the business community. With his vast wealth and experience in the real estate industry, he is expected to continue playing a significant role in shaping the future growth and development of the Sino Group and other affiliated companies. Ng’s ability to adapt to changing market conditions and capitalize on emerging opportunities sets him apart as a visionary leader.

As the real estate landscape evolves, Ng’s forward-thinking approach will drive innovation and success. His astute decision-making and expertise in navigating diverse industries will continue to propel his business empire to new heights. Ng’s dedication to Christian principles, coupled with his strong leadership, ensures that his ventures are grounded in ethical practices.

The future prospects for Robert Ng are promising, with continued expansion of his property portfolio and potential developments in emerging markets. His commitment to philanthropy and community engagement further exemplify his passion for making a positive impact beyond business. Robert Ng’s journey as an influential billionaire businessman will undoubtedly leave a lasting legacy for generations to come.

Key Takeaways:

Robert Ng’s business acumen and ability to adapt to changing market conditions position him as a visionary leader in the real estate industry.
His strategic vision and forward-thinking approach drive innovation and success, shaping the future growth and development of the Sino Group and affiliated companies.
Ng’s commitment to Christian principles and ethical practices ensures the long-term sustainability of his business ventures.
Future prospects include the expansion of Ng’s property portfolio and potential developments in emerging markets.
His philanthropic efforts and community engagement highlight his dedication to making a positive impact beyond business.

Final Thoughts

Robert Ng’s journey to wealth and success is a testament to his exceptional entrepreneurial skills and ability to navigate challenging market conditions. From the Hong Kong Futures Exchange collapse to his involvement in diverse industries, Ng has demonstrated resilience and determination, emerging stronger each time.

As the chairman of the Sino Group and with his vast wealth and experience in the real estate industry, Ng is expected to continue playing a significant role in the business world. His leadership and strategic vision will likely shape the future growth and development of the Sino Group and other affiliated companies.

Furthermore, Ng’s philanthropic endeavors, such as the significant donation to the National Gallery Singapore, demonstrate his commitment to giving back to the community and supporting cultural institutions. As Robert Ng’s net worth continues to evolve, his entrepreneurial pursuits and philanthropy will undoubtedly shape his enduring legacy.

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