Malcolm Tan Chun Chuen was interviewed by Singapore’s Straits Times for a P.R. piece published on 17th December 2017, which you can find by clicking here.
The gist of the article is that Malcolm has a retirement goal figure of $200 million (yes, thats million!) and is well on his way with a current net worth of $50 million. So, we set out to try to ascertain whether that net worth might be realistic.
With a little digging through publicly available records, we can find out what companies he has interests in, and to drill down even more, we can find out the value of those companies, and thus his shareholding value.
As at the date of this post, Malcolm Tan has holdings in 20 different companies in Singapore, in the capacity of either shareholder or Director. It is important to note that he does not OWN the entirety of these 20 companies, nor do we claim that he does.
Of those 20 companies, Malcolm owns a total of approximately 2,902,000 shares, which, at the $1 par value per share would potentially give him a net worth approaching $3 million.
However, if we pull a Bizfile from ACRA relating to those companies associated with Malcolm, few, if any of them are actually profitable. Additionally, what is NOT a matter of public record is whether the registered capital of those companies has actually been paid up.
We cannot say no more without crossing a thin legal line, however, as mentioned many times, this is all a matter of public record, should you search in the correct places.