Goh Cheng Liang
Overview
- Source of Wealth
- Paints
- Industry
- Manufacturing
- Residence
- Children
- 3
Assets
- Nippon Paint Co. Ltd.1,454,500,000 shares @ --4612-JP
Biography
Goh Cheng Liang gets the bulk of his wealth from a majority stake in Japan's Nippon Paint Holdings, the world's fourth-largest paint manufacturer by revenue.
Goh started making paints in a small factory in Singapore before he went on to partner with Nippon Paint in 1962.
In 2021, his son, Hup Jin, who chairs Nippon Paint, completed a $12 billion stock and cash deal that gave him a majority stake in Nippon.
The company celebrated its 140th anniversary in 2021.
It bought U.S. chemical producer AOC from private equity firm Lone Star Funds in 2024 for $2.3 billion.
About
The Gohs own luxury yachts and catamarans.
In a bid to expand its U.S. footprint, Nippon Paint sought to acquire Warren Buffett-backed Axalta Coating Systems in November 2017 but the deal fell through.