Just months before he died last year aged 98, Goh Cheng Liang, one of Singapore’s richest men, made six of his grandchildren billionaires.
The Nippon Paint tycoon, who built his business empire from a single shop trading cheap goods bought from the British Army, was worth $13bn at the time of his death.
But instead of taking the traditional route when it came to his inheritance, Goh decided to skip a generation with a significant part of his estate. He gave his son control of the family business and endowed his grandchildren with his financial assets, enriching a group of thirtysomethings who include an academic in New York, a charity worker in Bali and an urban-farming entrepreneur.
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