Singapore is touted to be the fourth-wealthiest nation on the planet.

Up to now, Singapore has 226,000 people who rank within the prime 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 children have chosen to construct enterprise empires of their very own to amass their very own fortunes.

Regardless in the event that they used their mother and father’ riches to begin up, listed below are 4 heirs and heiresses who’ve chosen to be entrepreneurs as a substitute of resting on their laurels.

Kim Lim

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 Record of Singapore’s 50 Richest with a internet value 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 therapy centre, Illumia Therapeutics, a full-service medical aesthetics spa, and Illumia Medical, an aesthetic and cosmetic surgery clinic in Singapore.

RK Kishin

Singapore’s youngest billionaire, RK Kishin, is legendary not just for his putting beauty but in addition his ventures into actual property along with his father Raj Kumar.

The daddy-son duo has a mixed internet value of US$2.6 billion and is one in all Singapore’s main landlords.

RK Kishin offered off an condo gifted to him as a birthday current by his mother and father, and used the proceeds as seed capital to begin 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 likely 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 formidable bloodline.

Teng Wen’s great-grandfather based United Abroad Financial institution (UOB), his grandfather Wee Cho Yaw has a internet value of US$5.4 billion, and his father, Wee Ee Cheong serves as UOB’s present-day Chief Government.

Regardless of a lineage in banking and finance, Wee Teng Wen broke the mould when he solid a path into the F&B trade 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.

Arissa Cheo

Singaporean heiress Arissa Cheo shouldn’t be 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 internet value 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 trend label, Arissa X at Singapore Style 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 could 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 Kids” who take up the reins of their household enterprise, after all.

Did we miss anybody out? Tell us within the feedback under!

Featured Picture Credit score: Arissa Cheo Fb / Indonesia Tatler / Kim lim Wiki / buro 24/7