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#558

Robert Ng

Source of wealth: Real estate

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Robert Ng's fortune with the healthcare spending of a massive country

Robert Ng could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.1 years.

But even if we compare their fortune with that of a rich country

On the other end, Robert Ng could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Robert Ng could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.0 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 Robert Ng could pay for it entirely for 2.8 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Robert 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 11.7 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Robert 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Robert Ng's fortune is equivalent to 48 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Robert Ng could buy 12,737,581 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 Robert Ng will almost certainly have enough money left over to pay for the gas.

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Biography

Robert Ng and his brother Philip 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's 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

Exchange
SINGAPORE
Ticker
B58-SG
Company
Banyan Tree Holdings Ltd.
Exchange
SINGAPORE
Ticker
Q5T-SG
Company
Far East Hospitality Trust
Exchange
SINGAPORE
Ticker
O10-SG
Company
Far East Orchard
Exchange
HONG KONG
Ticker
1221-HK
Company
Sino Hotels Ltd.
Exchange
HONG KONG
Ticker
83-HK
Company
Sino Land Co. Ltd.
Exchange
HONG KONG
Ticker
247-HK
Company
Tsim Sha Tsui Properties Ltd.
Exchange
SINGAPORE
Ticker
Y03-SG
Company
Yeo Hiap Seng Ltd.

Monthly wealth history

Fortune comparison

Historical data not available for comparison

Modules

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