Philip Ng
Source of wealth: Real Estate
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The scale of their wealth
Health
The price of life
Let's compare Philip Ng's fortune with the healthcare spending of a massive country
Philip Ng could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Philip Ng could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Philip Ng could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.1 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 Philip Ng could pay for it entirely for 2.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Philip Ng could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Philip Ng 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 0.3 years.
Gold
Everyday luxuries
Philip Ng's fortune is equivalent to 49 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.
Philip Ng could buy 12,961,230 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 2 trucks to transport them. Although Philip Ng will almost certainly have enough money left over to pay for the gas.
Biography
Philip Ng and his brother Robert control Far East Organization, Singapore's largest private landlord and property developer.
The group was founded by their father Ng Teng Fong, who moved from China to Singapore in 1934 and came to be known as "The King of Orchard Road."
Their Hong Kong arm, Sino Group, is run by older sibling Robert and his son Daryl, while Philip oversees the Singapore interests.
Singapore-listed Far East Orchard repurposed the century-old former Westminster Fire Station in London into a luxury development with 17 apartments and put it on sale in 2022.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison