$14.8B

SG
· Age 98
·
Deceased
Source of wealth: Paints
Industry: manufacturing
{
"bio": [
"Goh Cheng Liang gets the bulk of his wealth from a majority stake in Japan's Nippon Paint Holdings, the world's fourth-largest paint manufacturer by revenue.",
"Goh started making paints in a small factory in Singapore before he went on to partner with Nippon Paint in 1962.",
"In 2021, his son, Hup Jin, who chairs Nippon Paint, completed a $12 billion stock and cash deal that gave him a majority stake in Nippon.",
"The company celebrated its 140th anniversary in 2021.",
"It bought U.S. chemical producer AOC from private equity firm Lone Star Funds in 2024 for $2.3 billion."
],
"about": [
"The Gohs own luxury yachts and catamarans.",
"In a bid to expand its U.S. footprint, Nippon Paint sought to acquire Warren Buffett-backed Axalta Coating Systems in November 2017 but the deal fell through."
]
}