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Robert and Philip Ng, the powerful brothers behind Singapore’s Far East Organization, command a net worth of $14.4 billion in 2024, securing their position as the top real estate magnates in the country. Their company, Far East Organization, has been instrumental in shaping Singapore’s urban landscape and is one of the largest privately-owned property developers in Asia.
Together, the Ng brothers are among the wealthiest in the country and oversee an empire that spans residential, commercial, and luxury developments
Far East Organization: The Foundation of Their Wealth
The Ng family fortune is rooted in the Far East Organization, which was founded by their father, Ng Teng Fong, in 1960. Known as the “King of Orchard Road” for his extensive property holdings in Singapore’s prime shopping district, Ng Teng Fong laid the foundation for his sons to build one of the most successful real estate businesses in Asia. Today, Robert and Philip Ng carry on his legacy, transforming the company into a multi-billion-dollar conglomerate.
Far East Organization is responsible for developing some of Singapore’s most iconic buildings, including luxury hotels, shopping malls, and residential complexes. The brothers’ keen eye for property development has not only defined Singapore’s skyline but also positioned their company as a leader in sustainable and innovative design.
While their influence is most prominent in Singapore, the Ng brothers have expanded their real estate portfolio globally. In addition to the Far East Organization, they manage Sino Group, their Hong Kong-based property company, further cementing their influence across Asia.
The Ng family owns prime properties in key global cities, including stakes in developments in China, Hong Kong, Australia, and London. Their ability to identify lucrative markets and invest in high-value real estate has played a critical role in growing their $14.4 billion fortune.
A Legacy of Innovation and Sustainability
Under the leadership of Robert and Philip, the Far East Organization has embraced innovation and sustainability as core principles. The brothers are known for their commitment to integrating green building technologies and eco-friendly practices into their developments, setting a new standard for urban living. Their projects are often recognized for their architectural excellence and environmental sustainability, earning numerous awards over the years.
In 2024, the Ng brothers continue to be at the forefront of Singapore’s real estate market, developing world-class properties that cater to a diverse range of needs, from high-end luxury housing to mixed-use commercial spaces. Their ability to adapt to market trends and focus on sustainable growth has kept them ahead of competitors.
Like many ultra-wealthy families, the Ng brothers have also turned their attention to philanthropy. Through their charitable foundations, they support various causes, including education, healthcare, and community development. Their contributions to society go beyond real estate, as they actively seek to improve the well-being of communities across Singapore and beyond.
Looking Ahead
As of 2024, Robert and Philip Ng remain influential figures in Singapore’s business community, and their legacy is set to continue with future generations of the Ng family. Their approach to real estate
development, grounded in innovation and sustainability, ensures that the Far East Organization will continue to play a pivotal role in shaping Singapore’s future. With a $14.4 billion fortune and an expanding global footprint, the Ng brothers are not only preserving their father’s legacy but also building one of the world’s most respected real estate empires.
Looking ahead, Robert and Philip Ng show no signs of slowing down. Their focus remains on creating sustainable, high-quality developments while exploring new opportunities in international markets. As leaders in the real estate sector, their contributions will leave a lasting impact on Singapore’s urban and economic landscape for generations to come.