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Philip Ng

Philip Ng

Ng and his brother Robert are the richest Singaporeans with a combined worth of $8 billion. Revenues from their Far East Organization and Hong Kong-based Sino Group (overseen by Robert) have fallen by a quarter to $5.9 billion since 2012. Last year, they acquired The Westin Sydney and Heritage Retail podium for $446.7 million. The family also donated S$20 million to the National Gallery Singapore as its fifth partner, which will contribute to the gallery’s research, curatorial and exhibition work, with a focus on outdoor presentations of commissioned art.