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#171 Billionaire

Goh Cheng Liang

Goh Cheng Liang
$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." ] }

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