[caption id="attachment_3763" align="alignright" width="150" caption="Photo by PhotoDu.de"][/caption] http://thefinance.sg/wp-content/uploads/2009/11/Driving-The-Volvo.jpgI believe in the 20/80 rule, especially in the realm of wealth. 20% of the rich controls or owns 80% of the wealth (in fact I believe it is more skewed than this). Hence, I have a personal quest to discover who owns what in Singapore, and hope to present my findings in a series of posts. And I have a hunch that I could link most of the assets to the hands of a few rich owners. Let’s begin with the real estate since Singapore is land scarce and of high value. In particular, I am only going to cover commercial and retail properties (left out residential and industrial). Please also note that not all buildings in Singapore have been covered and I am not liable for any misrepresentation of the assets and figures (although I put in my due diligence to be as accurate as possible). Most of these companies are public listed so it is easier to gather the information. When I use the word “owns”, it would mean indirect interest. For example, if A and B owns C. And C owns D, A and B have indirect interest in D. I know it sounds complicated, tell me about it when I was scouring through all the annual reports. This is how the rich use companies to own companies. Isn’t this what Rich Dad advocates? It reduces tax! Bonvests Holdings (Goldvein Holdings owns 59.68% which Henry Ngo, Patrick Tse, James Sookanan and Wilfred Hsieh have stakes in) Liat Towers Yishun Ten Complex (with Golden Village) CapitaLand Commercial Trust (Temasek Holdings owns 31.5%) Bugis Village Capital Tower Golden Shoe Carpark HSBC Building Market Street Carpark One George Street Raffles City Robinson Point Six Battery Road Starhub Centre Wilkie Edge Read more...