Chong Ngen Choo

Chong Ngen Choo

Owner, 2018

One of Singapore’s richest, budget hotel forerunner Choo Chong Ngen donated $2 million to the Singapore Management University to establish the Hotel 81-Choo Chong Ngen bursary fund in conjunction with SMU’s 15th anniversary. Choo, who holds a net worth of $1.81 billion, runs Singapore’s largest chain of 37 owner-managed hotels — Hotel 81 (budget), Value Hotel (three-star), V Hotel (four-star) and Venue (boutique) — with a total of more than 4,800 guest rooms.

Company:

Hotel 81

Net worth:

US$1.3 billion