8/22/2008
Temasek's assets were S$185 billion
SINGAPORE, Aug 21 (Reuters) - Singapore sovereign fund Temasek's assets were worth S$185 billion ($131 billion) at the end of March, Temasek's chairman S Dhanabalan said on Thursday, up 13 percent from a year earlier. "Growing with our blue chip companies and our direct investment activities, Temasek now owns a net portfolio of about S$185 billion at market value as at March 31, 2008," he said in a speech.
Do you people know how many zeros were there behind the 185? 9 zeros, or S$185,000,000,000. That is quite a big sum of money. How much more were there in GIC?
Wonder how much these are worth now? March 31 was four and a half months away. Dow has fallen by more than 1000 pts, STI by 400 pts. UBS, Merrill Lynch, Citibank, Barclay, how much were they worth in March and how much now?
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2 comments:
I dun know how many zeros but USD131 billion is just 4 times the combined wealth of the 40 richest singaporeans in 2007.
should you believe everything that is printed? mr bloomberg was worth 5.5 billion one year and 11.5 billion the next. forbes reports are at best guestimates, even pte bankers dun get the complete picture. on paper assets, many high networth individuals in the region could appear poorer than our billionaires. do you really believe that?
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