Goh Cheng Liang

$11.04 B

Ranked #207 in World

About Goh Cheng Liang

In a tale of rags-to-riches, Goh Cheng Liang, Singapore's second wealthiest individual with a net worth of $18.6 billion as of 2021, transcended his humble beginnings selling fishnets to establish a local empire. From opening his first paint shop in 1955 to having Wuthelam Holdings seize an impactful stake in Nippon Paint in 2020 through his son Goh Hup Jin, Goh's legacy spans the paint industry and property development. His philanthropic endeavors further his footprint, enriching communal well-being through the Goh Foundation.

Born

June 27, 1927

Source Of Wealth

Paints

Industries

Manufacturing

Citizenship

Singapore

Residence

Singapore

Children

Goh Hup Jin

Goh Cheng Liang was born in 1927 in Singapore. His parents were Wu Songchang and Li Xiuying. He grew up in poverty and had to sell fishnets and work as a rubber tapper to earn money. After World War II, he saw an opportunity and bought cheap paint from the British army and turned it into a local company.

Goh Cheng Liang: Family

Goh Cheng Liang is married and has a son named Goh Hup Jin. His son is the chairman of Nippon Paint and runs Nipsea, a privately held joint venture.

Goh Cheng Liang: Career Highlights

Goh Cheng Liang's career highlights include:

Setting up his first paint shop in Singapore in 1955.
Becoming the main distributor for Nippon Paint in Singapore in 1962.
Founding Wuthelam Holdings in 1974, which has interests in the paint business and property development.
In 2020, his son Goh Hup Jin helped conclude a deal for Wuthelam Holdings to formally take control of Nippon Paint, adding $3.8 billion to his net worth.

Goh Cheng Liang: Companies

Goh Cheng Liang is the founder of Wuthelam Holdings, which has interests in the paint business and property development. He is also the main distributor for Nippon Paint in Singapore.

Goh Cheng Liang: Major Achievements

Goh Cheng Liang's major achievements include:

Building Wuthelam Holdings into a successful company with interests in the paint business and property development.
Becoming the main distributor for Nippon Paint in Singapore.
Amassing a net worth of $18.6 billion, making him the second richest person in Singapore.

Goh Cheng Liang: Awards & Achievements

Goh Cheng Liang has received numerous awards and achievements, including:

The Public Service Star in 1998.
The Distinguished Service Order in 2005.
The Order of Nila Utama in 2015.

Goh Cheng Liang: Personal Life & Legacy

Goh Cheng Liang lives in Singapore. He is a philanthropist and has made large donations to charitable causes through the Goh Foundation.

He is also a family man and has a close relationship with his son, Goh Hup Jin.

Goh Cheng Liang: Trivia

Goh Cheng Liang is a self-made billionaire who started from humble beginnings. He is known for his business acumen and his generosity.

Wealth History

Timeline

1927

Goh Cheng Liang was born in Singapore.

1955

Goh Cheng Liang set up his first paint shop in Singapore.

1962

Goh Cheng Liang became the main distributor for Nippon Paint in Singapore.

1974

Goh Cheng Liang founded Wuthelam Holdings, which has interests in the paint business and property development.

2020

Goh Cheng Liang's son, Goh Hup Jin, helped conclude a deal for Wuthelam Holdings to formally take control of Nippon Paint, adding $3.8 billion to his net worth.

2021

Goh Cheng Liang's net worth stands at $18.6 billion, making him the second richest person in Singapore.

Goh Cheng Liang : FAQs

What is Goh Cheng Liang's net worth?

As of 2024, Goh Cheng Liang's net worth was $11.04 billion.

What is the recent change in Goh Cheng Liang's net worth?

Goh Cheng Liang's net worth decreased by 212.33 million dollars recently, a 1.92% decrease, with his net worth standing at 11.04 billion dollars.

What are Goh Cheng Liang's main sources of wealth?

Goh Cheng Liang's main source of income comes from Paints.

In which industry does Goh Cheng Liang primarily operate?

Goh Cheng Liang is primarily involved in the Manufacturing industry.

How many children does Goh Cheng Liang have?

Goh Cheng Liang has 3 children.

Who is Goh Cheng Liang and why is he known in Singapore?

Goh Cheng Liang is a prominent Singaporean businessman, born in 1927, who founded Wuthelam Holdings and is known for becoming the main distributor of Nippon Paint in Singapore and his ventures in the paint and property development industries.

What was Goh Cheng Liang's first business venture after World War II?

Goh Cheng Liang's first business venture after World War II was buying cheap paint from the British army and transforming it into a successful local company.

How did Goh Cheng Liang's partnership with Nippon Paint impact his career?

Goh Cheng Liang's career was significantly impacted by becoming the main distributor for Nippon Paint in Singapore in 1962, which led to the growth of his business empire.

What major corporate move did Goh Cheng Liang's son Goh Hup Jin make in 2020?

In 2020, Goh Cheng Liang's son, Goh Hup Jin, played a pivotal role in concluding a deal that allowed Wuthelam Holdings to take formal control of Nippon Paint, substantially increasing Goh Cheng Liang's net worth.

How does Goh Cheng Liang contribute to charitable causes?

Goh Cheng Liang contributes to charitable causes through the Goh Foundation, which has made large donations to various charitable initiatives.