15-08-2025, 07:58 PM
![](https://i.imgur.com/CLvY2jA.png")
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
15-08-2025, 09:13 PM
He seem addicted on " Paint " I see his timeline. I guess that is a thing which make him from rich to millionaire to Billionaire.
2014
The Goh family raised their stake in Nippon Paint from 15 per cent to 39 per cent, becoming the largest shareholder in the Osaka-based paintmaker.
Wuthelam’s minority holdings in Nipsea reached a valuation of US$4.1 billion as at 2015.
2020
Wuthelam struck a 1.29 trillion yen deal to raise its stake in Nippon Paint from 40 per cent to close to 60 per cent. The deal, worth US$12 billion then, boosted Wuthelam’s fortune to US$24 billion from US$16 billion at that time, according to Bloomberg’s Billionaires Index. The deal gave the company control of Nippon Paint after it was completed in 2021.
2024
Nippon Paint acquired US chemical producer AOC from private equity firm Lone Star Funds for US$2.3 billion.
With a US$12.7 billion net worth, Goh was Singapore’s second-richest man, according to Forbes.
Seem like he wanna own Nippon Paint , got increase his shares. I guess he know in the first place, This Paint thing is a stuff which Forever will be used and needed. From Home owners to big commercial building etc. All need Paint to paint their buildings from exterior to internal .
Next as long there is property obviously need paint.
Now a days Nippon Paint NOT CHEAP in fact all along. Next on TV keep seeing their Ads spamming literally for entire year. Can see they got that budget to buy ad from Media cock keep spamning on tv for retire year.
I see those sub contractors painting companies they also using Nippon Paint , pain the BTO flats, Markets. Lastly come paint. It don't last , this is why there are repaint works and obviously you will need to buy Paint again.
2014
The Goh family raised their stake in Nippon Paint from 15 per cent to 39 per cent, becoming the largest shareholder in the Osaka-based paintmaker.
Wuthelam’s minority holdings in Nipsea reached a valuation of US$4.1 billion as at 2015.
2020
Wuthelam struck a 1.29 trillion yen deal to raise its stake in Nippon Paint from 40 per cent to close to 60 per cent. The deal, worth US$12 billion then, boosted Wuthelam’s fortune to US$24 billion from US$16 billion at that time, according to Bloomberg’s Billionaires Index. The deal gave the company control of Nippon Paint after it was completed in 2021.
2024
Nippon Paint acquired US chemical producer AOC from private equity firm Lone Star Funds for US$2.3 billion.
With a US$12.7 billion net worth, Goh was Singapore’s second-richest man, according to Forbes.
Seem like he wanna own Nippon Paint , got increase his shares. I guess he know in the first place, This Paint thing is a stuff which Forever will be used and needed. From Home owners to big commercial building etc. All need Paint to paint their buildings from exterior to internal .
Next as long there is property obviously need paint.
Now a days Nippon Paint NOT CHEAP in fact all along. Next on TV keep seeing their Ads spamming literally for entire year. Can see they got that budget to buy ad from Media cock keep spamning on tv for retire year.
I see those sub contractors painting companies they also using Nippon Paint , pain the BTO flats, Markets. Lastly come paint. It don't last , this is why there are repaint works and obviously you will need to buy Paint again.
15-08-2025, 10:18 PM
from a small shop selling paint................within his lifetime...................i don't buy the story...........
15-08-2025, 10:24 PM
(15-08-2025, 10:18 PM)Napoleon Porlumpar Wrote: from a small shop selling paint................within his lifetime...................i don't buy the story...........
He got reinvested and other business after profit from his paint business. Obviously this aid his empire. Honestly speaking obviously he a billionaire you cant just depend one business to profits.
Look at Elon Musk he also venture lots of business before his Tesla , besides car he also into robots , space , his AI software part
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