Singapore billionaire’s bold move: Kids cut out, 6 grandkids become youngest billionaires; here’s why
Singaporean tycoon Goh Cheng Liang, founder of Nippon Paint's Southeast Asia operations, passed his US$13.2 billion fortune directly to six of his grandchildren, bypassing his children. This unusual move created overnight billionaires, each inheriting stakes in Nipsea International. While the grandchildren receive the wealth, the second generation retains control through voting rights, ensuring continuity and a balanced succession plan.
Singaporean tycoon Goh Cheng Liang, founder of Nippon Paint's Southeast Asia operations, passed his US$13.2 billion fortune directly to six of his grandchildren, bypassing his children. This unusual move created overnight billionaires, each inheriting stakes in Nipsea International. While the grandchildren receive the wealth, the second generation retains control through voting rights, ensuring continuity and a balanced succession plan.
