The Richest People In Singapore Right Now, And How They Make Their Money

3. The Kwee Family, $7.1B

Kwee Liong Keng getting an award at the Chinese Business Pioneers Award in 2015

The Kwee family is made up of 4 brothers, Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen, and Kwee Liong Phing. They are the sons of Henry Kwee, an Indonesian textile trader and real estate developer who emigrated to Singapore in 1958.

Currently, they own Pontiac Land, known for the management of hotels like the Ritz-Carlton Millenia, The Capella, Regent Hotel, and also high-rise offices like Millenia Tower and Centennial Tower.

In October 2013, the brothers agreed to provide $300 million in equity, supported by an $860 million loan to enable the development of Tower Verre, an 82-storey tower next to the Museum of Modern Art in New York.

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