An engineer from the elite Indian Institute of Technology, Delhi, and a Harvard B-school grad, Mittal worked in the
hedge-fund business as a senior partner at Noonday, an affiliate of Farallon Capital Management, and cofounded
Indian real estate and financial-services group Indiabulls in 1999. In 2014, he sold a chunk of his shares in the company
and moved to Singapore. Through his private investment firm, Mission Holdings, he holds stakes in several ventures,
such as One Championship, a mixed martial arts company started by Thai-American entrepreneur Chatri Sityodtong.
Mittal (no relation to the London-based steel billionaire) also owns 80% of California analytics firm Incedo. Other
holdings include financial technology firm BSI Financial.
13
PETER LIM
$2.07 BILLION T
ROWSLEY AGE: 64
14
CHOO CHONG NGEN
$2.05 BILLION S
HOTEL 81 AGE: 64
15
CHANG YUN CHUNG
$2.01 BILLION S
PACIFIC INTERNATIONAL LINES
AGE: 98
16
ARVIND TIKU
$2 BILLION S
AT HOLDINGS AGE: 47
17
ZHONG SHENG JIAN
$1.85 BILLION S
YANLORD LAND AGE: 59
18
LIM OON KUIN
$1.7 BILLION
HIN LEONG TRADING AGE: 73
19
LEE FAMILY
$1.6 BILLION S
OCBC BANK
20
HO FAMILY
$1.5 BILLION S
TAI TAK ESTATES
21
CHUA THIAN POH
$1.45 BILLION S
HO BEE LAND AGE: 69
22
ASOK KUMAR HIRANANDANI
$1.42 BILLION
ROYAL GROUP AGE: 62
23
CHEW GEK KHIM
$1.4 BILLION S
STRAITS TRADING AGE: 55
24
TANG WEE KIT
$1.38 BILLION
TANG HOLDINGS AGE: 62THE LIST
SUP MORE THAN 10% TDOWN MORE THAN 10%
ÌNEW TO LIST 3 RETURNEESAURABH MITTAL: MISSION READY
RON SIM:
HONG KONG-BOUND
Founder of OSIM International, maker of
home-massage chairs, took the company
private last year when its shares had fallen
steeply from their 2014 high. Sim has since
created a new avatar for his businesses,
V3 Group, with plans to list in Hong Kong,
which he says is ideal given his increasing
focus on the Chinese market. V3 houses
the Osim business, TWG Tea, a franchise for
GNC supplements and Futuristic, a company
that specializes in store fixtures, which Sim
acquired recently. His property portfolio
includes a stake in listed Perennial Real
Estate Holdings, involved in an acrimonious
feud with the Kwee family to liquidate its
joint venture for the iconic Capitol Singapore
project.