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16806
Sun, 08/24/2008 - 00:49
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http://m.oananews.org//node/16806
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3 India-origin people among Singapore`s richest list
New York, Aug 22 (PTI) As many as three India-origin persons have made their way into the list of Singapore's 40 richest people, compiled by American business magazine Forbes.
India origin Kartar Singh Thakral, who chairs the Indian garment maker Givo, is ranked at the 30th position, while Mustaq Ahmad of the 24-hour Mustafa Centre is at 38th spot. Sunny George Verghese of cashew and cocoa trader Olam International at 39th rank is also among the three India orging people.
The league of 40 is topped by Ng Teng Fong & Family, followed by Khoo Family in second position, Wee Cho Yaw & Family at third rank, Zhong Sheng Jian and Kuok Khoon Hong and forth and fifth positions respectively.
Thakral is ranked at the 30th place with a net worth of 190 million dollars. He joined his family trading firm Thakral Corp in Singapore in 1949. Majority of his wealth comes from Thakral Holdings, a property company listed in Australia that invests in hotels, shopping malls and residences.
He is 74 years old is and married with five children.
Public fortunes were calculated on the basis of share prices and exchange rates as of August 7. For privately held assets, the estimates were done on the criteria "what they would be worth if public".
Forbes said even amid the economic turmoil many of Singapore's businessmen added to their fortunes, thanks partly to the Singapore dollar's strength against US dollar, appreciating nine per cent over the past year.
Further, the total net worth of the country's 40 richest is at 32 billion dollars which is the same as last year's.
MORE
India origin Kartar Singh Thakral, who chairs the Indian garment maker Givo, is ranked at the 30th position, while Mustaq Ahmad of the 24-hour Mustafa Centre is at 38th spot. Sunny George Verghese of cashew and cocoa trader Olam International at 39th rank is also among the three India orging people.
The league of 40 is topped by Ng Teng Fong & Family, followed by Khoo Family in second position, Wee Cho Yaw & Family at third rank, Zhong Sheng Jian and Kuok Khoon Hong and forth and fifth positions respectively.
Thakral is ranked at the 30th place with a net worth of 190 million dollars. He joined his family trading firm Thakral Corp in Singapore in 1949. Majority of his wealth comes from Thakral Holdings, a property company listed in Australia that invests in hotels, shopping malls and residences.
He is 74 years old is and married with five children.
Public fortunes were calculated on the basis of share prices and exchange rates as of August 7. For privately held assets, the estimates were done on the criteria "what they would be worth if public".
Forbes said even amid the economic turmoil many of Singapore's businessmen added to their fortunes, thanks partly to the Singapore dollar's strength against US dollar, appreciating nine per cent over the past year.
Further, the total net worth of the country's 40 richest is at 32 billion dollars which is the same as last year's.
MORE
