Singapore is touted to be the fourth-wealthiest nation on this planet.
To this point, Singapore has 226,000 people who rank within the high 1 per cent of the mega-rich globally, in response to Credit score Suisse’s International Wealth Report for 2019.
Regardless of being born with a silver spoon within the mouth, a few of these loopy wealthy youngsters have chosen to construct enterprise empires of their very own to amass their very own fortunes.
Regardless in the event that they used their dad and mom’ riches to start out up, listed below are 4 heirs and heiresses who’ve chosen to be entrepreneurs as a substitute of resting on their laurels.
Kim Lim is a Singaporean socialite well-known for her profession as an Instagram influencer, mannequin and actress.
Her father, the self-made former stockbroker and enterprise magnate Peter Lim, ranked 17th on Forbes’ 2020 Listing of Singapore’s 50 Richest with a web price of roughly US$1.9 billion.
She is a single mom to her three-year-old son and can also be the the founder and face of not one, however three magnificence and life-style companies.
That features Papilla Hair Care, a specialised hair loss and scalp remedy centre, Illumia Therapeutics, a full-service medical aesthetics spa, and Illumia Medical, an aesthetic and cosmetic surgery clinic in Singapore.
Singapore’s youngest billionaire, RK Kishin, is known not just for his hanging attractiveness but in addition his ventures into actual property together with his father Raj Kumar.
The father-son duo has a mixed web price of US$2.6 billion and is certainly one of Singapore’s main landlords.
RK Kishin offered off an residence gifted to him as a birthday current by his dad and mom, and used the proceeds as seed capital to start out his personal actual property firm, RB Capital.
The agency owns property within the coronary heart of downtown Singapore, together with the Intercontinental at Robertson Quay and Far East Plaza.
The billionaire additionally introduced that his first F&B enterprise, digital model Tiffinlabs, will probably be increasing to 1,000 cloud kitchens worldwide earlier this 12 months.
Wee Teng Wen
The fourth-generation son of the Wee household, Teng Wen hails from a powerful bloodline.
Teng Wen’s great-grandfather based United Abroad Financial institution (UOB), his grandfather Wee Cho Yaw has a web price of US$5.four billion, and his father, Wee Ee Cheong serves as UOB’s present-day Chief Govt.
Regardless of a lineage in banking and finance, Wee Teng Wen broke the mould when he solid a path into the F&B business to ascertain the immensely profitable Lo & Behold Group.
The Lo & Behold Group is behind a few of Singapore’s premier eating places, together with Odette, The Black Swan, Tanjong Seashore Membership and The White Rabbit.
Singaporean heiress Arissa Cheo isn’t solely the ex-wife of Taiwanese actor-singer Vanness Wu; she’s additionally the daughter of Cheo Tong Choon.
The Canada-trained medical physician inherited edible oils refiner Mewah Worldwide, pegging the Cheo household’s web price to a formidable US$455 million on Forbes.
Arissa, a socialite and influencer dubbed “Singapore’s prettiest face” has additionally launched companies of her personal.
In 2009, Arissa co-founded Carte Blanche X, a now-defunct e-commerce retailer retailing indie and in-house labels.
In 2016, she launched her personal style label, Arissa X at Singapore Trend Week. The label has collaborated with manufacturers like Tocco, Todcano, Momo’s March and Reve by Rene.
Wealthy Isn’t Spoilt
Whereas they could be born with a silver spoon, these 4 Singaporeans have proven that they’ve the grit to make it on their very own.
Whereas some have expressed concern that the expertise for money-making might skip generations, it’s clear that the entrepreneurial spirit is alive and nicely in these 4.
Their achievements doesn’t low cost the efforts of “Wealthy Children” who take up the reins of their household enterprise, after all.
Did we miss anybody out? Tell us within the feedback beneath!
Featured Picture Credit score: Arissa Cheo Fb / Indonesia Tatler / Kim lim Wiki / buro 24/7