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White Rabbit, the world’s largest luxury trimaran: all you need to know

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Written by Rachael Steele

Trimarans such as 84m/275.6ft luxury yacht WHITE RABBIT are a rarity within the luxury yachting industry, however the benefits of multiple hulls have been well recorded, providing greater stability and with top quality contemporary naval architecture, a smoother cruising experience with reduced noise and less of an environmental impact.

White Rabbit – exterior

Billionaire WHITE RABBIT Owner Goh Cheng Liang is one strong proponent for trimarans: His previous 61.4m/201ft luxury yacht built by North West Bay Yachts Pty Ltd. Australia – also named WHITE RABBIT – was a trimaran delivered in 2005 and accommodated up to 16 guests and 16 crew.

White Rabbit – interior

He is in an excellent position to judge their benefits, having started with a monohull from Feadship in 1989 before owning a second monohull in 1995 also named WHITE RABBIT. In 2001 he changed to a catamaran before going for his first trimaran in 2005, the 61m/201ft predecessor to the current – and fifth – WHITE RABBIT.

A 51/167ft luxury support catamaran named CHARLEY followed suit in 2017 that has on board a grand piano in the main salon, a sheltered observation deck and touch-n’-go helipad. The most impressive features aboard CHARLEY however are her dive store with a decompression chamber and a sonar system for finding wreck dives. The accommodation provides for five guests over three en-suite staterooms, and a crew of 13 to ensure that everything runs smoothly on board.

Echo Yachts also built the latest WHITE RABBIT trimaran launched in 2018, and at the  World Superyacht Awards 2019 she was nominated for the  Displacement Motor Yachts 2,000GT and above category, was a finalist in the  Best Exterior Styling Motor Yachts 60m and Above category at the  Boat International Design & Innovation Awards 2019 and won the  Best Naval Architecture: Displacement Motor Yachts category at the same awards show.

M/Y WHITE RABBIT has a wide beam of 20m/65.6ft, which is 5m/16.4ft wider than most monohulls in this same size category. As a result she has a large interior volume of 2,940 GT, which is comparable to monohulls of 90m/295ft in size: Recently refitted 85.1m/279ft SOLANDGE weighs in at 2,899 GT, while 108m/354ft Benetti giga yacht IJE is not so far off with an interior volume of 3,367 GT.

Indoor socialising

When it came to creating the interior layout for WHITE RABBIT, Sam Sorgiovanni had practice with the previous smaller luxury trimaran. Owner Goh Cheng Liang provided a clear brief: The larger vessel was to be used by extended family encompassing multiple generations with the capacity for corporate use. The resulting accommodation sleeps up to 30 guests across 11 en-suite cabins consisting of 2 Master suites, 3 VIP staterooms and 6 other guest cabins. Each family member was consulted for their input on the accommodation and entertaining areas (totalling 1,200m²/12,916ft²), and the response was overwhelmingly ‘more of the same from 61-metre WHITE RABBIT, just on a larger scale’. The art deco styling of the smaller trimaran has also been transferred, albeit in a more subtle fashion, such as the wall sconces and the jellyfish-like light column at the main salon bar.

Brushed Tasmanian oak in a chequered pattern can be found throughout the decks and adds a welcoming touch to the elegant interiors designed to suit a formal event as much as family time together.

As the crew of 32 are on call around the clock, they are almost just as well catered for as the guests and have a massive mess and lounge on the main deck forward that has plenty of natural light and great views. Sorgiovanni requested the cabinetry and furnishings be custom made by Alia Yachts in Turkey following their quality collaboration on M/Y RUYA in 2016.

The open plan main salon places a more contemporary lounge to port, while to starboard the space is designed to suit the older generations. While there is a degree of privacy between the two spaces, there is still a connection that prevents separation altogether. Farther aft is the bar, games room and dining area. As there are no TVs in the cabins (except the Owner’s), the younger generations are not hidden away throughout their time on board and are instead engaging with the rest of the group.

White Rabbit – decor element

A sweeping staircase leads from the main deck foyer to the upper deck, where the skylounge has a more cosy and intimate atmosphere after the expansive main salon. This media-focused room is furnished with a karaoke area and a baby grand piano. The guest accommodation placed upon this level enjoys excellent views through large yet more traditional windows that create a ‘viewing portal’ effect while maintaining guest privacy. Instead of an abundance of wardrobe space, guests have a bench to lay out their belongings, as those on board are expected to spend much of their time in the social areas and at each destination, using their cabins only for rest and the en-suite facilities.

White Rabbit – twin cabin

The sundeck above provides another games lounge within the forward section along with a cinema fitted with chairs that shake with the on-screen action.

Life alfresco

Outside, the broad beam provides plenty of room for dockside events hosting up to 200 guests.

As a result of having three hulls there are three swim platforms, the centre on being the largest for sunbathing beside the water, while the side platforms have staircases for access to the main deck aft.

Both this area and the upper deck are designed for alfresco dining, while the foredeck is more suited to outdoor lounging with two circular drinks tables and plenty of seating for the whole group to watch the sunset or a local regatta. The bow section is used for storing the larger water toys and tenders, which are launched and retrieved using a Davit crane.

The sundeck is furnished with a spa pool and sunbeds, while to the aft, a large alfresco dining table is placed beneath the shade of an overhang.

White Rabbit – top view

The outdoor spaces seem sparse in comparison to the rich interior detail, yet this suits the family fine as they spend most of their time together conversing indoors, exploring their destinations or playing in the water.

Engineering

When it comes to on board comfort through engineering, trimarans provide a smoother on board experience during cruising, while at anchor and in bow-on weather when compared to monohulls of approximately the same displacement. It is only in stern-quartering seas that trimarans under-perform in comparison, and to combat this effect the naval architects used experience gained from the previous design of the 64m/209ft WHITE RABBIT trimaran to add solutions such as the four large Naiad fins around the centre hull. To reduce the roll, each hull was designed with significant flare and the Owner is able to choose the buoyancy in the outer hulls to match his comfort preference.

The three streamlined hulls also create less drag in the water and from this comes another advantage over single-hulled luxury yachts: Under typical cruising conditions trimarans use 40% less power, thereby reducing running costs as well as fuel consumption.

The interior arrangement needed to be modified on the later WHITE RABBIT trimaran as the Owner – who had a cabin in the centre hull where the majority of the engineering was also housed – wanted noise to be limited, and to reach this goal he gave Echo Yachts free reign to explore alternative solutions. As a result, recorded sound levels in the lower deck Master suite were at just 40db while cruising at 13 knots, and noise levels were even quieter on the decks above.

White Rabbit – Exterior

Four Caterpillar C32 generators of 940kW each and two C18 generators of 550kW each are installed on board and use a Kongsberg power management system. Only two gensets are required for a cruising speed of 12 knots, of which 25% (500kW) is used to run on board systems at the same time using 320 litres of fuel an hour. M/Y WHITE RABBIT has a transatlantic-crossing range of 5,000 nautical miles on just 166,200 litres of fuel. In comparison, SOLANDGE has a capacity of 222,000 litres.

The engineering team decided on diesel-electric propulsion with generators placed in the outer hulls to power STADT electric motors in the centre hull, where two Rolls-Royce variable pitch props are situated.

MORE INFO AND IMAGES OF WHITE RABBIT

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White Rabbit, the world's largest motor trimaran

With a length of 84 m, the White Rabbit is the world's largest trimaran. It belongs to the 91-year-old Singaporean billionaire Goh Cheng Liang and belongs to the businessman's private fleet, which consists exclusively of multihulls.

White Rabbit is the largest trimaran in the world. With a length of 84 m and a width of 19.6 m, the multihull has a gross tonnage of 3?000 tons and was built in Australia . It took four years of work to design and build this giant trimaran designed by Sam Sorgiovanni and designed by One2Three Naval Architects. The superyacht built within the Australian shipyard Echo Yachts - the largest builder of custom superyacht, support yacht or expedition yacht type - has many superlatives.

Because if it is the largest trimaran in the world, it is also the largest boat built in Australia and the largest aluminium yacht ever built.

It was delivered at the end of 2018 to its owner, Goh Cheng Liang, a Singaporean billionaire based in Hong Kong who owns the paint manufacturer Wuthelam Holdings, one of the world's largest paint manufacturers. The fortune of the businessman is estimated at 8 billion euros.

The $100 million yacht is built of fiberglass and is expected to accommodate approximately 16 guests in 8 spacious cabins with private bathrooms and 20 crew members. White Rabbit offers the highest standards in terms of luxury cruising and innovation with more than 1?200 m2 of accommodation.

The foredeck is equipped with two relaxation areas, one elevated near the windows and another at the front. A jacuzzi sits on the upper deck and offers a breathtaking view of the sea. Two tenders are hidden in the port and starboard side garages and operated by a crane.

The architects worked on the hull design, choosing a trimaran for the proven seaworthiness, fast speed and fuel economy provided by the three hulls. In terms of propulsion , it receives a diesel-electric engine with 4 diesel engines (2 X Caterpillar C32 and 2 x Caterpillar C18) and two electric motors Kongsberg / STADT and Rolls Royce.

White Rabbit's top speed is 19 knots and the cruise speed is 12.8. Knots, with a fuel consumption of 440 L per hour.

This 84-metre model is not the first model of the billionaire, who owns a whole fleet of multihulls. The old model - also known as White Rabbit - was 61.4 m long.

TRIMARAN SUPER YACHT - The largest in the world

The largest tri-hull in the world - us$100 million  .

At 84m (276ft) the White Rabbit Golf Trimaran Super Yacht  is valued at US$100 million and is the largest tri-hull in the world The Singaporean owner, Goh Cheng Liang,  aged 91,  has owned several yachts all called White Rabbit.    

1989 - White Rabbit Alpha (White Rabbit A)  1995 – White Rabbit Bravo (White Rabbit B)  2001 – White Rabbit Charlie (White Rabbit C)  2006 – White Rabbit Echo (White Rabbit E)  2017 – White Rabbit Golf (White Rabbit G)  And finally, Charley, which, at 46m is a purpose-built shadow vessel to support White Rabbit Golf in all its voyages! 

This inspiring rags-to-riches man was sent to Malaya in his early teens, when World War II broke out, to help his brother-in-law sell fishing nets. After returning to Singapore, he worked in a hardware store for four-and-a-half years. Later, in 1949, war supplies were auctioned off by the British Army, and Goh bought “rotten paint” for cheap. Armed with his paint and a Chinese dictionary on chemicals, he started experimenting by adding solvents and mixing colours, and eventually created his own brand of Pigeon Brand paints. Then, the following year, when the Korean War began and imports were severely restricted, Goh’s business boomed! 

Goh is the founder of the South East Asia paint business and owns 39% shares of Nippon Paint. His net worth is estimated at $8 billion and in 2015 he was reported by Bloomberg to be the richest man in Singapore. Hup Jin, Goh’s son, is the chairman of Nippon Paint. 

Goh Foundation

Goh is also the founder of Wuthelam Holdings which now has interests in the paint business and property development, amongst other things, and his Goh Foundation has made large donations to the National Cancer Centre in Singapore, and several other charitable causes. 

Designed by Sam Sorgiovanni, Goh’s latest trimaran, also known as White Rabbit G (WRG) is the largest tri-hull and largest aluminum superyacht in the world at 84m! She is also the largest superyacht to be built in Australia.   She now sits in her home port at Keppel Bay in Singapore, a beautiful spot overlooking the spectacular structure of the Reflections residential towers on the southern shores. 

When stood beside the WRG, you just cannot grasp the sheer beauty of her. We had to take ‘pano’ shots just to get her all in. After walking the length of the breakwater, you see the breathtaking beauty of the tri-hull head-on. And what a majestic sight, like tunnels to heaven.  The smaller yacht, White Rabbit E (WRE) is 64m but looks tiny when next to the WRG! Unfortunately, it wasn’t in its berth today but even the neighbouring superyachts were completely over-shadowed by the WRG super structure! 

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S$16.7 billion deal between Nippon Paint and Goh Cheng Liang Wuthelam Holdings is biggest for Asia 2020

Singapore billionaire Goh Cheng Liang just made a deal with Japan’s Nippon Paint, reportedly one of the biggest transactions in Asia for 2020, looking set to become the dominant paints and coatings company in Asia

Billionaire tycoon Goh Cheng Liang, one of Singapore’s biggest yacht owners, has just struck a S$16.7 billion deal with Nippon Paint Holdings, the world’s fourth largest paint manufacturer. The deal between Nippon and Goh’s Wuthelam Holdings looks set to increase Goh’s stake in Nippon Paint holdings rise from 39% currently to 58.7%.

Born in 1928 to a poor family, he grew up with three sisters and a brother in a one-room flat. Uneducated, he sold fishing nets in Muar, Johor, before working as an apprentice at Tan Chong Huat hardware store during the Japanese occupation. After World War II, the young Goh saw an opportunity as the British were auctioning off surplus stocks, and he decided to buy all the barrels of expired paint at dirt cheap prices.

Goh started mixing solvents and chemicals to make his own brand of paints and thanks to import restrictions resulting from the Korean War, he struck liquid gold selling his first barrel of paint, setting him up to become the future paint tycoon. Setting up his first paint shop in 1955, he was ready to capitalise when Japanese Nippon Paint established a paint manufacturing facility in Singapore in 1962. Naturally, Goh became the Osaka-based paint maker’s distributor. As the founder of Nippon Paint (Singapore), he held a 60% stake in a joint venture called Nipsea Management Group.

Mr Goh’s fortune grew with Singapore, catalysed by the Republic’s rules which require buildings to be repainted every five years. Mr Goh’s stake is held through his Singapore-based investment company, Wuthelam Holdings. and Nipsea currently operates in over 15 countries outside of Japan with some 15,000 employees and factories in 30 locations, with Wuthelam buying majority stakes in Nippon Paint, Goh Cheng Liang will build the largest paints and coatings company in Asia. Nippon Paint will also be taking over Wuthelam’s Indonesian business for S$2.7 billion.

Through his grand-daughter, the Goh family owns a Good Class Bungalow in coveted Queen Astrid Park district

The tycoon has business interests in the hospitality industry, specialty packaging, logistics, marinas, golf courses, food manufacturing and even mining in China. For a time, the premier Mt. Elizabeth Hospital and Liang Court shopping mall were his landmarks but Goh derives the majority of his fortunes from a majority stake in Nippon Paint holdings. The deal between Nippon and Goh’s Wuthelam Holdings is reportedly one of the biggest transactions in Asia for 2020,

To date, the Goh family’s total net worth has reportedly jumped from US$9.5 billion in 2019 to US$14.8 billion in 2020. The growth is attributed to Nippon Paint’s expansion in 2019, when it acquired DuluxGroup, Australia’s largest paint manufacturer, for US$2.7 billion and Turkey’s Betek Boya for US$247 million. Although a low profile businessman, Mr. Goh has a collection of luxury boats, including the Australian-built 200-foot superyacht White Rabbit “Echo”.

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Singapore billionaire gets windfall as dream deal with Nippon Paint comes true

SINGAPORE (BLOOMBERG) - Almost a decade ago, the son of Singapore paint tycoon Goh Cheng Liang set his sights on gaining control of Japan's biggest paint-maker. He finally succeeded, and that has been a boon for the family's wealth.

Their Wuthelam Holdings took a majority stake in Nippon Paint Holdings in a US$12 billion (S$16 billion) deal that was completed last month, according to filings this week. That has boosted their fortune to US$24 billion from about US$16 billion before the alliance was announced, according to the Bloomberg Billionaires Index.

For years, Wuthelam and Nippon Paint operated a business with joint ventures in countries, including China, India and Malaysia. Last August, Nippon Paint struck an agreement that allowed them to buy out the joint ventures and take over Wuthelam's wholly owned Indonesia business. In turn, the Gohs increased their stake in Nippon Paint to about 58 per cent.

"The growth will continue," said Bloomberg Intelligence analyst Horace Chan, who estimates that the alliance could lift Nippon Paint's net income by about 64 per cent this year. "It will help the company in terms of simplifying the corporate structure, which will allow more efficient allocation of resources."

British surplus

Mr Goh, 93, got his start in the paint business in 1949, when the British army auctioned off surplus war materials. He bought barrels of old paint and mixed colours, later selling them under his own brand name, Pigeon.

His partnership with Nippon Paint began in the 1950s, when he set up his first shop in Singapore and became the main local distributor for the Japanese company. In 1962, they established a joint venture in Singapore that they named the Nippon Paint South-East Asia Group, or Nipsea. Mr Goh's son, Hup Jin, who has led the company since the 1980s, began exploring a takeover of Nippon Paint in 2012, though the talks stalled and instead resulted in a deeper strategic alliance in 2014.

When the deal finally happened, it led to a stock rally, with shares of the Japanese paint-maker surging to a peak in November.

"It was an opportune time to enhance both businesses, despite the current economic outlook," Ms Gladys Goh, senior vice-president of strategic innovation and marketing at Nipsea, said in December. "Ultimately, both parties agreed that there is a mutual end-goal and vision for growing the brand and company."

Nipsea did not immediately respond to an e-mail seeking comment on the family's net worth.

Shares fall

Since the November high, Nippon Paint shares have dropped 33 per cent - possibly because the deal came with "a lot of expectations built in", Bloomberg Intelligence's Mr Chan said. Its completion also was delayed by overseas regulatory approvals.

While Mr Goh was Singapore's richest person last year, Mr Li Xiting has since supplanted him. The Chinese-born chairman of Shenzhen Mindray Bio-Medical Electronics, who holds Singapore citizenship, has benefited from a surge in shares of his medical equipment maker as the coronavirus crisis pushed up demand for his company's products. He is worth US$25 billion, according to the Bloomberg index.

Mr Goh's other assets include a superyacht named White Rabbit, which has stayed docked in the city-state because of the Covid-19 pandemic, and the recent purchase of a Singapore property valued at US$68 million, according to local media.

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From selling aerated water to building an empire: goh cheng liang’s journey.

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Who is goh cheng liang.

Goh Cheng Liang is a Singaporean billionaire businessman and philanthropist. He founded Wuthelam Group, a multinational company specializing in manufacturing and distributing paint and coatings. Goh is one of the richest people in Southeast Asia, with an estimated net worth of over US$10 billion.

Mr Goh Cheng Liang, born in 1927, resided in a rented room in a shophouse on River Valley Road for 12 years, sharing the space with his parents, three sisters, and a brother. During the outbreak of World War II, he was temporarily relocated to Muar, Malaya, to assist his brother-in-law in selling fishing nets. In 1943, he returned to Singapore. According to a 1997 interview with the Business Times, Goh Cheng Liang had a reputation for exceptional business acumen, honed over the years. After returning to Singapore, he attempted to establish a business in the aerated water industry, which failed. Subsequently, he spent four and a half years at a hardware store.

In 1949, Mr Goh Cheng Liang acquired a quantity of paint in barrels from a British army auction at a cost-effective price. He utilized a Chinese dictionary on chemicals to effectively blend colours and establish his brand of paint, known as the Pigeon Brand paints. The onset of the Korean War in 1950 resulted in import restrictions, which favoured the growth of his paint business. In 1959, he was appointed as a distributor for Nippon Paint, and through his endeavours, he successfully expanded his company to become the leading paint manufacturer in the Asian region. He was also responsible for constructing several iconic buildings in Singapore, including Liang Court, which he disposed of in 1999. Currently, his Wuthelam group is engaged in various fields, including property, electronics, and trading. The group’s operations are directed by his elder son, Hup Jin.

How did Goh Cheng Liang make money?

Goh Cheng Liang made his fortune through his company, Wuthelam Group, which he founded in 1958. The company specializes in manufacturing and distributing paint and coatings and has since expanded into other industries, such as property development and investment. Over the years, Goh’s business savvy and entrepreneurial spirit has helped him build a highly successful and diversified business empire, leading to his immense wealth.

Was Goh Cheng Liang poor?

It is not publicly known whether Goh Cheng Liang was poor before he became wealthy. However, it is widely known that he came from humble beginnings and started his business, Wuthelam Group, from scratch. Over time, he grew the company into one of the world’s largest and most successful manufacturers, eventually becoming one of the richest people in Southeast Asia.

Personal life

There is limited publicly available information on Goh Cheng Liang’s personal life. He is known for being a private individual and keeping a low profile. He founded the Goh Foundation, which has largely donated to several charitable causes. Goh has a son, Goh Hup Jin, who has been the chairman of Nippon Paint since March 2018 and runs their privately held joint venture, Nipsea. Beyond these few details, not much is known about Goh Cheng Liang’s personal life, family, or other aspects of his background.

Perspective on Luxury Lifestyle

According to reports, Goh Cheng Liang’s sole extravagance lies in his collection of luxury yachts and catamarans, which includes the Feadship yacht “White Rabbit II” and the 61-meter superyacht “White Rabbit Echo.” In a previous statement, Goh Cheng Liang expressed that he does not partake in activities such as cinema-going, watching movies, listening to music, singing karaoke, or visiting bars. He added that although he was known for mischievous behaviour regarding women during his youth, he has refrained from such actions in the past 20 years.

Philanthropy

Goh was honoured by Forbes Asia as one of its “Heroes of Philanthropy” in 2014. His primary philanthropic focus is medical research. His 20-year-old Goh Foundation has significantly contributed to this cause, including a $50 million donation to the National Cancer Centre Singapore in 2014. Additionally, Goh Cheng Liang’s philanthropic endeavors also extend to his network, as demonstrated by his provision of medical support and care for a former Japanese business associate diagnosed with liver cancer. He housed the individual in his River Valley Road penthouse and arranged for treatment at a leading hospital in the United States, and covered all related medical expenses. Furthermore, he took the individual on a trip to New Zealand aboard his luxury yacht and provided a nurse to attend to the individual’s needs during the voyage.

Final thoughts

Goh Cheng Liang is a successful Singaporean billionaire businessman and philanthropist. He is the founder of Wuthelam Group, which has become a multinational company specializing in manufacturing and distributing paint and coatings. Despite his immense wealth, Goh is known for his low profile and focus on philanthropy, particularly in medical research. Through his efforts, Forbes Asia has recognized Goh as one of its “Heroes of Philanthropy” and has made a significant impact on the world through his business success and charitable donations. Despite limited information on his personal life, Goh inspires those seeking to achieve success and make a difference in the world.

Becoming a billionaire is not an unattainable dream for anyone. It requires hard work, determination, and a willingness to take calculated risks. While some people may have a head start due to their financial background or connections, anyone can achieve wealth through smart investment decisions and a commitment to success. However, it is important to remember that wealth should not be the sole purpose in life, and it is important to balance material success with meaningful relationships, personal growth, and giving back to society.

• Goh Cheng Liang's Journey

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Nippon Paint Magnate Goh Cheng Liang Owns A $93M GCB on Garlick Avenue & Super Yachts Docked At Marina Keppel Bay

The Goh family doesn’t just own one GCB, he also owns another in Queen Astrid Park and more than just a handful of super yachts.

Think about household paint brands, and Nippon Paint is sure to be one of the first to come to mind. Perhaps best remembered for their memorable ads featuring a paint-wielding sumo wrestler , Nippon Paint is actually a well-established household name having started in Singapore all the way back in 1955 by Singaporean billionaire Goh Cheng Liang. 66 years on, the latter is estimated by Forbes to have a net worth of around $13 billion as of 2022.

So what would one do with over $13 billion to his name? One common trait amongst the rich and affluent here in Singapore is to snap up properties. And not just any property, but Good Class Bungalows (GCBs) in particular. This leads us to Goh Cheng Liang; not only does he own a $93M GCB, but also a number of superyachts docked at Marina Keppel Bay.

Where is ​​Goh Cheng Liang’s $93M Good Class Bungalow?

According to reports, Goh Cheng Liang and his family bought the bungalow sometime back in 2020. The house sits on 101,550sqft of freehold land, which is pretty formidable – about the size of one and a half football fields! From what we know, the GCB that Mr Goh bought was previously owned by a family who ran the Thye Hong Group, best known for making beloved confectionery snacks like Marie biscuits and Torch sweets.

The GCB sits along Garlick Avenue which, curiously enough, isn’t anywhere near any of the other food-named roads like Lorong Lew Lian or Mulberry Avenue. The road is actually named after Dr George Herbert Garlick, who was the Medical Director of the Singapore Anti-Tuberculosis Association from 1948-1958.

If you’re wondering where Garlick Avenue is, it sits in the vicinity of Bukit Timah, part of the highly coveted District 10 region of Singapore. The stretch of road is somewhat in the middle of the ‘rich’ enclave of places like Sixth Avenue, Namly Avenue, and Old Holland Road, famous for its many multi-million dollar GCBs and thus earning the term Good Class Bungalow Areas (GCBAs). Taking a walk down these roads is sure to give you major house envy.

Before it was sold to Mr Goh, the property had allegedly garnered quite a significant amount of interest from various parties. One of its main unique selling points was its large land size, which opened up several possibilities about its eventual use. For instance, the owner could subdivide the plot to house an additional 5 smaller GCBs, or just build one giant mansion with sprawling gardens and frontage.

Additional GCB at Queen Astrid Park

What may or may not be surprising to you is that the Garlick Avenue GCB is not the only GCB that Mr Goh and his family owns.

About 5 years ago, it was reported that Mr Goh’s granddaughter had bought a GCB at Queen Astrid Park, for about $44.5M or $1,271 psf. In case you’re unfamiliar, Queen Astrid Park is also another GCB enclave in Singapore, home to the GCB which set the record for having a $200k/month rental cost , and TikTok CEO Chew Shou Zi’s $86M home .

The property sits on the junction between Queen Astrid Park and Coronation Road West, and as you can see from the street view image above, is a quaint 1-storey bungalow which comes with a long driveway and a giant garden frontage. 

You can also tell that privacy is one of the main concerns for the family; apart from the front of the site where this street view image was taken, the rest of the perimeter is covered up with plants and shrubbery to deter prying eyes from constantly kaypoh -ing and trying to take a peek inside.

Owner of Super Yacht White Rabbit

When it comes to flexing your wealth, luxurious and exquisite properties may be a thing, but we’d argue that other asset classes are a whole new ball game altogether. This brings us to the fleet of superyachts that Mr Goh owns.

According to Motor Yachting, Mr Goh owns an absolutely stunning 276ft super yacht called the White Rabbit , valued at US$100M and is the largest tri-hull vessel in the world. What’s even more breathtaking is that this is not the only marine vessel he owns – apparently, he commands a fleet of over 6 yachts all called the White Rabbit , which he purchased throughout the years between 1989 and 2017.

If you head down to the marina at Keppel Bay, you should be able to catch the vessel in all of its grandeur, eclipsing other smaller vessels berthed in the area.

Nippon paint magnate Goh Cheng Liang’s legacy

One of the things that we’ve observed about Goh Cheng Liang is that he has been, for the large part of his life, a very private person. He doesn’t take part in too many interviews, and also doesn’t flaunt or show off his wealth pompously which can be rather tempting to do so, especially if you have over $13 billion to your name.

With the GCB market thriving and bustling with activity from some notable purchases in the past year or so, it’s apparent that the ultra-wealthy have been making moves to sink their roots here in Singapore with property purchases. 

While the reality is that the majority of us won’t ever be able to attain that level of wealth in our lifetimes, it certainly doesn’t hurt to be wowed and amazed by all the luxury assets being snapped up, and marvel at what money can get you here in Singapore!

@uchify.sg He do be painting his way into the real estate market ?? #sgproperty #sgnews #sghome #luxuryhomes #sghomes #realestate #housetour #tiktoksg #fyp ♬ Sugar Daddy – Qveen Herby

Check out some of our other articles covering notable GCB purchases here in Singapore:

• Alibaba Co-founder James Sheng Has A $50M GCB, One Of Six Along Leedon Park
• HAO Mart CEO Has An Exquisite GCB That Resembles A Spacecraft, Shaped Like An ‘8’ For Prosperity
• Hai Di Lao Family Owns 2 GCBs On Gallop Road, Comes From All Your Hotpot Money

Cover image adapted from: Google Maps, Motor Yachting

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#3 Goh Cheng Liang Biography: From Selling Fishing Nets to a Multi-Billion Dollar Paint Company

• Post published: September 29, 2021
• Post category: Billionaires Series
• Post last modified: November 1, 2022

Goh Cheng Liang was born in Singapore in 1928.

He is one of the richest people in the city-state thanks to a deal he made with Nippon Paint, one of the biggest paint manufacturers in the world.

Today, he owns the biggest yacht ever built by an Australian shipyard and has a fortune of about $18 billion.

This is a story of how someone who has never been to school became one of the richest people on earth.

Tough Beginnings

Goh was born in a poor family in Singapore at the end of the 1920s.

At the time, Singapore was a struggling island under the British monarchy.

His father was an alcoholic who had no work. His mother was doing the laundry to earn the little money that enabled him and his 4 siblings to live in a one-room house together.

When the war broke out in 1940, Goh’s parents sent him to Muar in Malaysia, to shield him from the Japanese occupation of Singapore. In Muar, he helped a family member sell fishing nets.

After 3 years, he came back to Singapore and tried to sell sparkling water, but failed.

He then went on to work in a hardware store where he acquired a chemical dictionary and stayed there for four years and a half.

Early Venture

In 1949, as Singapore had gained some independence from the Crown in 1946, Goh assisted to an auction organized by the British army.

He bought some spoiled paints with the money saved from the hardware store and with the help of his dictionary, started mixing the paint with other varied chemicals.

He quickly sold the mixture and decided to set up a paint business. That same year, Pigeon Paint was born.

Development

In 1950, the Korean War broke out.

Since imports were restricted, it became much more difficult to find paint in Singapore. As such, Goh’s business boomed.

However, he wasn’t exactly satisfied with the quality of his products, but he didn’t know how to make it better.

After all, Goh had no education whatsoever. So he sought it.

He went to Denmark and learned what he needed to know to make better paint.

He went back to Singapore and the quality of his products rose.

This quickly interested Nippon Paint.

Nippon Paint was one of the biggest paint manufacturers in the world. At the end of the 50s, they were looking for new markets to penetrate and offered Goh Cheng Liang a partnership.

In 1959, Nippon Paint and Goh Cheng Liang built a mixing plant as a joint venture and implemented it in Singapore.

Goh Cheng Liang went on to become one of the biggest paint manufacturers in Asia thanks to his relation with Nippon Paint.

Together, they set up more than 60 factories in more than 15 countries.

In 1974, he founded Wuthelam Holdings to diversify.

He has since bought and grown logistics companies, hotels and resorts, golf courses, mines, electronics shops, trading offices, restaurants, and real estate projects like the Liang Court (a shopping center) and the Mount Elizabeth Hospital.

His biggest move though happened at the end of 2020.

After more than half a century of partnership, Goh Cheng Liang sold his factories against a percentage in Nippon Paint, raising his stake in the company to 58%. His net worth grew by more than $3 billion doing so.

Goh Cheng Liang is a very private person. He rarely gives any interviews and lives quite frugally. His only indulgence is to buy mega-yachts, something normal for someone with his fortune.

Unlike most other billionaires, he also doesn’t take his companies public, stating “he wouldn’t know how to manage them”.

That didn’t prevent him from building enormous wealth.

This story, such as the first and second stories, outlines how Goh Cheng Liang wished to remain in control of his companies.

While taking your company public enables you to make money quickly, it also forces you to give up information and control.

While this has worked well for Amazon and Tesla, it may be wiser to remain in command as much as you can. It worked just fine for Goh Cheng Liang.

It’s also interesting to note that Goh Cheng Liang did not quit his entrepreneurial adventure after his first failure of selling sparkling water.

Rather, he took the opportunity to work in a hardware store to learn what he could.

Had he not done so, maybe he wouldn’t have seen the opportunity to sell paint.

This is proof that any type of knowledge in this world can become valuable if you truly seek to make it so.

For more billionaire stories, head to auresnotes.com

Picture credits: Photo by Anna Kolosyuk on Unsplash

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Luxury rules at the moscow yacht show.

by Maria Sapozhnikova

The windy Russian autumn weather might be a little bit tricky for sailing, but it doesn’t stop brave yachtsmen from all over the world from flocking to Russian capital in the beginning of September when the Moscow Yacht Show commences. The main Russian Yacht exhibition gathers professional and amateur yacht lovers together under the wing of The Royal Yacht Club.

This year it took place for a fourth time already. The exhibition is considered the principal event on the sporting and social calendar. The Moscow Yacht Show 2010 united in one area three of the largest Russian yachts distributors: Ultramarine, Nordmarine and Premium Yachts.

A wide range of yachts were on display for a week. An exhibition showcased yachts both from Russian manufacturers and world famous brands: Azimut, Princess, Ferretti, Pershing, Riviera, Doral, Linssen, etc.

It was a real feast for seafarers as visitors of the show had a unique chance not only to take a look at the newest superyachts before they hit the market, but also to evaluate their driving advantages during the test drive. The show provided an excellent opportunity for yacht enthusiasts to choose and buy a new boat for the next season.

The event started with the grandiose gala evening. It included grand dinner, the concert and professional awards ceremony for achievements in Russian yachting industry. The guests also enjoyed the annual regatta.

Special guest Paolo Vitelli, Azimut Benetti Group president, opened the evening.

Next year organizers assured guests they would bring more yachts, the scale of which will even make oligarch Roman Abramovich envious. Sounds very promising indeed.

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