Robert & Philip Ng

$13.70 B

Ranked #133 in World

About Robert & Philip Ng

Robert Ng Chee Siong, revered Singaporean billionaire and leader of Sino Group, has wielded considerable influence in Hong Kong's property sector since 1991. As a direct descendant and successor of real estate tycoon Ng Teng Fong, his current estimated net worth stands at $9.7 billion. Ng's strategic moves in the futures market during the 1987 crash led to unprecedented trading suspensions, with his repayment and a subsequent government bailout resolving the crisis. Further solidifying his status, in 1995 he ambitiously transitioned Yeo Hiap Seng from food to luxury real estate, later also steering Sino Hotels. Despite setbacks in 1997, Ng remains a pivotal figure with diverse directorial roles and significant voting power in Hong Kong’s legislative landscape.

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

Singapore

Residence

Singapore

Spouse

Yeoh Saw Kheng

Children

6, including Daryl Ng Win Kong

Parent

Ng Teng Fong

Robert Ng Chee Siong, the eldest son of Singaporean real estate billionaire Ng Teng Fong, was born into a wealthy family. His early years and childhood were marked by privilege and access to quality education and opportunities.

Robert & Philip Ng: Family

Robert Ng Chee Siong is married to Yeoh Saw Kheng, the daughter of former Singapore Parliament Speaker Yeoh Ghim Seng. The couple has two children, Daryl Ng Win Kong and Nikki Ng Mien Hua, who both hold prominent positions in Sino Group and are involved in various political and community organizations.

Robert & Philip Ng: Career Highlights

Robert Ng Chee Siong's career is marked by several notable highlights. He took over as chairman of Yeo Hiap Seng (YHS) in 1995, increasing the family's stake in the company and engaging in a successful takeover battle with Malaysian investor Quek Leng Chan. He also spun off Sino Group's hotel interests into Sino Hotels, becoming chairman of the new company and making several strategic acquisitions.

Robert & Philip Ng: Companies

Robert Ng Chee Siong holds various leadership positions in several companies. He is the chairman of Sino Group, Tsim Sha Tsui Properties Limited, and Sino Hotels (Holdings) Limited. He is also an independent non-executive director of The Hongkong and Shanghai Hotels, Limited, a director of the Real Estate Developers Association of Hong Kong, and a member of the 11th National Committee of the Chinese People's Political Consultative Conference.

Robert & Philip Ng: Major Achievements

Robert Ng Chee Siong's major achievements include successfully transforming Yeo Hiap Seng from a food company into a luxury real estate developer. He also played a key role in the development of Sino Group's hotel interests and made several strategic acquisitions that contributed to the company's growth.

Robert & Philip Ng: Awards & Achievements

Robert Ng Chee Siong has received numerous awards and recognitions for his contributions to the business and real estate sectors.

These include the Gold Bauhinia Star, the highest honor awarded by the Hong Kong Special Administrative Region Government, and the Businessman of the Year award from the Hong Kong General Chamber of Commerce.

Robert & Philip Ng: Personal Life & Legacy

Robert Ng Chee Siong is a staunch Christian and refers to Far East Organization as a Christian enterprise. He is known for his philanthropic efforts and support for various charitable organizations. His legacy is one of business success, family values, and community involvement.

Robert & Philip Ng: Trivia

Robert Ng Chee Siong owns multiple horses at the Hong Kong Jockey Club, along with his family members. His eldest son Daryl Ng Win Kong and eldest daughter Nikki Ng Mien Hua are both members of the Hong Kong Heritage Conservation Foundation board.

Wealth History

Timeline

1987

Speculated in futures contracts on the Hong Kong Futures Exchange through Panamanian-registered companies during the global stock market crash.

1995

Took over as chairman of Yeo Hiap Seng (YHS), increasing family stake to 24.9% and engaging in a takeover battle with Malaysian investor Quek Leng Chan.

1997

Successfully gained control of YHS, transforming it from a food company to a luxury real estate developer.

2004

Became a non-executive director of SCMP Group Limited.

2007

Resigned as a non-executive director of SCMP Group Limited.

2021

Has a "privileged" vote in the Hong Kong legislative election, counting approximately 7,215 times more than an ordinary citizen.

Robert & Philip Ng : FAQs

What is Robert & Philip Ng's net worth?

As of 2022, Robert & Philip Ng's net worth was $13.70 billion.

What are Robert & Philip Ng's main sources of wealth?

Robert & Philip Ng's main source of income comes from Real Estate.

In which industry does Robert & Philip Ng primarily operate?

Robert & Philip Ng is primarily involved in the Real Estate industry.

How many children does Robert & Philip Ng have?

Robert & Philip Ng has 6 children.

Who is Robert Ng Chee Siong and how is he connected to Sino Group?

Robert Ng Chee Siong is a Singaporean billionaire businessman and since 1991 the chairman of the Sino Group, a Hong Kong property development conglomerate. He is the eldest son of Ng Teng Fong, a prominent Singaporean real estate billionaire.

What was Robert Ng's involvement in the 1987 global stock market crash and its aftermath?

During the 1987 global stock market crash, Robert Ng speculated in futures contracts through Panamanian-registered companies. He refused to pay losses by claiming limited liability protection, leading to the collapse of the futures exchange and a temporary trading halt on the Hong Kong Stock Exchange. Although an investigation found evidence of collusion to avoid margin calls, no charges were pressed to maintain market stability. Ng later repaid HK$500 million, while the rest was covered by a government bailout.

What significant changes did Robert Ng implement as chairman of Yeo Hiap Seng?

After taking over as chairman of Yeo Hiap Seng (YHS) in 1995, Robert Ng increased the family's stake to 24.9% and engaged in a takeover battle with Quek Leng Chan. He successfully gained control of YHS and transformed it from a food company into a luxury real estate developer.

How does Robert Ng influence Hong Kong's property market and legislative elections?

Robert Ng wields considerable power under Hong Kong's functional constituency system, controlling votes in the real estate and tourism constituencies. He supports the 'Application List' system for selling government land and maintains a positive outlook on the Hong Kong property market. In the 2021 Hong Kong legislative election, he held a 'privileged' vote that counted significantly more than that of an ordinary citizen.

Could you detail Robert Ng's family and personal interests?

Robert Ng is married to Yeoh Saw Kheng and is a staunch Christian, viewing his family business as a Christian enterprise. His eldest son, Daryl Ng Win Kong, is the deputy chairman of Sino Group and his daughter Nikki Ng Mien Hua holds leadership positions within the group and is active in politics and the community. Robert Ng is also an owner of racehorses through the Hong Kong Jockey Club, with his family members participating in equine and heritage conservation endeavors.