Skip to comments.Singapore's Newest Billionaire Made $2.1B Fortune From Nothing
Posted on 08/27/2013 7:32:21 PM PDT by TexGrill
Goh Cheng Liang is one of Singapores best-known and least-celebrated tycoons. He has neither featured in any rich lists nor ever talked to the press, save for a one-off interview in 1997. Yet some of Singapores most prominent landmarks, like the high profile hospital Mt. Elizabeth and the Liang Court shopping mall at Clarke Quay, have been built by this reclusive businessman.
Goh never went to school. He was born to a poor family in a one-room tenement in 1928, one of four siblings. As a boy, he sold fishing nets and worked in a hardware store, learning business skills that were to shape his destiny. In 1949, when the British were auctioning off surplus stocks from World War II, Goh bought all the barrels of rotten paint for a song. With a Chinese dictionary of chemicals in hand, he went about mixing solvents, pigments and chemicals to make his own brand of paints called Pigeon. The following year, the Korean war broke out and an import ban landed Goh a whopping profit windfall.
(Excerpt) Read more at forbes.com ...
This man is obviously a capitalist. I hope he does not leave his charitable foundation open to the inroads of the professional charity managers who are exclusively liberal socialist.
Too many capitalist have left their well funded charitable foundations to be run by their children who being college educated turned them in to schemes for funding socialist organizations.