[GLGT] Late Singapore Nippon Paint tycoon’s fortune makes six grandchildren billionaires

[boredom2012]

How I wish to have billionaires as a father

 

[Tsoukalos]

https://www.straitstimes.com/busine...-fortune-makes-six-grandchildren-billionaires


HONG KONG – An academic in New York and the founder of a Bali charity are among six people who inherited stakes in the paint empire built by Singapore’s second-richest man.

The six are grandchildren of the late

tycoon Goh Cheng Liang, who died in August aged 98,

and who have each inherited stakes worth more than US$1 billion (S$1.3 billion) per person in a publicly traded firm.


The handover of the fortune marks an unusual transfer of assets for an ultra-rich Asian family that has skipped one generation.

会投胎很重要!!!

 

[Kunkka]

shiok!

They earned it..

The billionaire can choose to donate all to charity
but like all billionaires, they will give a lot of money to their offsprings they think deserved the money.

only daft people really think billionaires really donate all their fortune to charity.
Most are under charity trusts run by their offsprings

but i see so many middle class ..doing that.. lol

The grandchildren doing bali charity

 

[elvintay07]

Actually not easy to donate whole fortune out unlike Ang Mo

 

[Kunkka]

Lol I like this paragraph from straits time

Over a decade ago, Mr Martin Lavoo helped co-found Sustenir Agriculture, a super-foods vertical farms start-up that has been backed by Temasek. He had worked before in finance and sales.

“I’m just a regular guy that has decided to risk it all on trying something completely new,” he said in an interview published on the website Empirics Asia in 2015.

 

[Joseph12]

https://www.straitstimes.com/busine...-fortune-makes-six-grandchildren-billionaires


HONG KONG – An academic in New York and the founder of a Bali charity are among six people who inherited stakes in the paint empire built by Singapore’s second-richest man.

The six are grandchildren of the late

tycoon Goh Cheng Liang, who died in August aged 98,

and who have each inherited stakes worth more than US$1 billion (S$1.3 billion) per person in a publicly traded firm.


The handover of the fortune marks an unusual transfer of assets for an ultra-rich Asian family that has skipped one generation.

Skipped one generation
Means his kids got nuts?

 

[fortunehunter]

Selling paint now to become billionaire

 

[Mr.Chibaboom]

That means sell paint jin ho tan and huat until cannot recognize house, now the money entire family treeline also jiak buay liao

 

[killing_my_dreams]

Painting is serious business. Especially HDB painting. My house there got 2 rounds of voting for paint colour scheme. First round not enough, ppl kpkb ask for 2nd round voting. Then end up people choose the dullest scheme.

 

[samferguson]

That means sell paint jin ho tan and huat until cannot recognize house, now the money entire family treeline also jiak buay liao

Near monopoly in SG I think.

 

[rainygrainy]

会投胎很重要!!!

That's y 会投资不如会投胎。。。

 

[Smarty22]

I imagine private bankers are lining up at their door

 

[Kunkka]

Near monopoly in SG I think.

Sg got many paint brand leh. Got local one like skk and focus

 

[KPO_SAHM]

Errr lol. Lazy to dress doesnt mean humble hor. I think they have 10 mega yachts.

They dress like people normal estate. His dau is filthy Rich n not dress like Jamie chua lor

 

[halocast]

Shoud split and follow the hk one..

Put into trust and every month get some amount until song song gao generations

 

[Cryptology]

His yacht sibei big, who inherited it?

 

[F3Rm1nat0r]

Yes my dad is useless in comparison. Had 3 kids and passed down nothing.

was he a kind and good dad?
my dad passed down nothing too, but he was a kind and good man who made me who I am today. he also educated me well. he is very far from useless to me


Read HWZ Forum Rules!

 

[Ethan_]

Yes my dad is useless in comparison. Had 3 kids and passed down nothing.

Erm, passed down the gene?

 

[neutralph]

Actually not easy to donate whole fortune out unlike Ang Mo

哪里不容易。磨镰刀，割韭菜。

 

[sk0065]

Alexandra Road showrooms will be busy

The showroom visits them

they don’t travel to showroom one la