Simon Cheong Sae Peng (; born ) is a

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

an businessman. He was ranked by ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'' as the 44th richest man in Singapore in 2016. He is the founder of the property developer SC Global Developments Company. Cheong was ranked the 22nd richest man in Singapore on Forbes' list in 2008 and had a net worth of US$245 million then.

Career

Cheong was instrumental in putting Singapore on the world map for property development. He was also a contributor to Singapore's property industry before the global recession in 2008. Cheong has a BS degree in Civil Engineering from the University of Washington and a Master of Business Administration from

George Washington University , mottoeng = "God is Our Trust" , established = , type = Private federally chartered research university , academic_affiliations = , endowment = $2.8 billion (2022) , preside ...

. He held several key positions in

Citibank Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City ...

and

Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...

First Boston prior to setting up SC Global in 1996. He also owns 41% of Australia's housing developer, AV Jennings. In 1999, Cheong bought

MPH Group MPH Group Malaysia Sdn Bhd is a Malaysian group of companies best known for its book retailing and online retailing services as well as being involved in the printing, publishing and distribution of books and library services in Malaysia and Singap ...

but sold it in 2002 to Malaysian businessman

Syed Mokhtar Al-Bukhary Tan Sri Syed Mokhtar Shah bin Syed Nor Albukhary (born 12 December 1951) is a Malaysian businessman, entrepreneur and philanthropist. He is the founder of the Albukhary Foundation, an international non-profit charity organization that focuses on ...

. Cheong was first elected as president of the Real Estate Developers Association of Singapore (REDAS) in 2007. In early 2009, he was re-elected as president of REDAS, to serve another two-year term for the association.

Personal life

References

{{DEFAULTSORT:Cheong, Simon 1950s births Living people Real estate and property developers Year of birth missing (living people) Singaporean real estate businesspeople