BillionaireNet
Ng
Philip Ng
Rank #529
SINGAPOREreal-estateReal Estate

Philip Ng

Net Worth
$7.128B
0% (24h)
Philip Ng is the CEO of Far East Organization, Singapore's largest private landlord and property developer. Born in 1958, he is a Singaporean citizen with a current net worth of $7.6 billion. His wealth primarily stems from real estate holdings and development through Far East Organization, which he controls with his brother Robert. A graduate of Kings College London and MIT, Philip Ng leads Far East Organization as a Christian enterprise, emphasizing ethical practices and community impact. His career includes significant contributions to Singapore's urban landscape, along with roles as a philanthropist and public servant, earning him the Meritorious Service Medal and the Distinguished Service Order.

The Full Dossier

Early Life

Philip Ng was born on September 16, 1958, in Hong Kong. He is the son of Ng Teng Fong, the founder of Far East Organization. Ng's family moved to Singapore when he was young, shaping his future in the real estate industry. Philip Ng received a Bachelor of Science in Engineering from Kings College London and a Masters of Science in Technology from the Massachusetts Institute of Technology (MIT).

Rise to Success

Philip Ng serves as the CEO of Far East Organization, the largest private landlord and property developer in Singapore. Under his leadership, Far East Organization has developed over 780 properties in Singapore, including numerous residential, commercial, retail, and hospitality projects. The company is known for its commitment to quality and has won numerous awards, including the FIABCI Prix d'Excellence Awards. His brother Robert oversees Sino Group, the Hong Kong-based arm of the business. Together, they have built the business and transformed the urban landscape of Singapore.

Key Business Strategies

Far East Organization's strategies include a focus on diverse real estate sectors, a commitment to customer satisfaction, and a strong emphasis on Christian values, which guide the company's ethical practices. The company's business model is built on long-term sustainability and innovation. The group has a global presence with operations in Singapore, Hong Kong, Mainland China, Malaysia, and Australia.

Philanthropy

Philip Ng is a respected philanthropist. The Ng family has contributed significantly to education, healthcare, and community development. They set up the Ng Teng Fong Charitable Foundation to support various causes. His philanthropic efforts reflect a commitment to giving back to society and creating opportunities for others.

Career Timeline

2018

Distinguished Service Order

Awarded for his contributions to Singapore's economy.

2007-2016

Founding Chairman of Singapore University of Technology and Design

Philip Ng served as the founding chairman.

2009

Meritorious Service Medal

Awarded for his contributions to Singapore's economy.

2001-2007

Chairman of Sentosa Development Corporation

Philip Ng served as Chairman.

1960

Far East Organization Founded

Ng Teng Fong founded Far East Organization.

Philanthropic Impact

Education and Healthcare$XB

Ng Teng Fong Charitable Foundation

Supports various philanthropic causes, particularly in education and healthcare.

Healthcare$125M

Jurong Hospital

The Ng family donated to Jurong Hospital, which was subsequently renamed the Ng Teng Fong Hospital.

Healthcare$52M

Ng Teng Fong Healthcare Innovation Program

Donation to Tan Tock Seng Hospital.

Arts and Culture$20M

National Gallery Singapore

The Ng family donated to support the opening of the National Gallery Singapore.

Wealth Trajectory