SINGAPORE - The three sons of the late banking tycoon Wee Cho Yaw are newly minted billionaires, according to a Forbes' list of global billionaires released on April 2. UOB chief executive Wee Ee Cheong and his brothers, Mr Wee Ee Chao and Mr Wee Ee Lim, are among 39 billionaires from the Republic - a number that rose slightly...
UOB chief executive Wee Ee Cheong were among 39 billionaires from the Republic.SINGAPORE - The three sons of the late banking tycoon Wee Cho Yaw are newly minted billionaires, according to a Forbes' list of global billionaires released on April 2.
Mr Wee Ee Chao, 68, and Mr Wee Ee Lim, 62, also hold positions in the bank - the family's crown jewel - and are substantial shareholders. The brothers and their father's estate also have an interest in Wee Investments, which has a nearly 8 per cent stake in UOB. Mr Li Xiting, 73, co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, a global supplier of medical devices, again topped Forbes' list of billionaires in Singapore.
The fortunes of real estate tycoons largely edged up, while billionaires in the food and beverage sector, healthcare and manufacturing saw a decline in their wealth.
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