Kwee Liong Phing
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare Kwee Liong Phing's fortune with the healthcare spending of a massive country
Kwee Liong Phing could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Kwee Liong Phing could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Kwee Liong Phing could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Kwee Liong Phing could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Kwee Liong Phing could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Kwee Liong Phing with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.
Gold
Everyday luxuries
Kwee Liong Phing's fortune is equivalent to 12 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Kwee Liong Phing could buy 3,324,202 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Kwee Liong Phing will almost certainly have enough money left over to pay for the gas.
Biography
Kwee Liong Phing and his three siblings control privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across Singapore.
Pontiac Land was founded by their Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958.
In New York, the brothers own a majority stake in a luxury tower designed by French architect Jean Nouvel, located beside the Museum of Modern Art.
In 2017, the brothers acquired the Cappella Hotel group from legendary luxury hotelier, Horst Schulze, for an undisclosed sum.
Pontiac Land has invested $400 million in a resort complex in the Maldives.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison