Forbes released a list of Singapore's richest people, "the father of Libang paint" Wu Qingliang ranked third.

On August 20th Forbes released its 2020 Singapore Rich List.
Goh Cheng Liang, the paint tycoon and father of Libang Paints, rose to third place on the rich list with $14.8bn, up from $9.5bn last year.
forbes analysis of the top five 2020 Forbes list of Singapore's richest people shows that singapore's economy is in recession as a result of the outbreak.
Singapore's economy is dependent on foreign trade, with GDP falling 13.2 per cent year-on-year in the first quarter and the benchmark STI index down 21 per cent from its 2019 level, despite the government's $68bn stimulus package.
against this backdrop, more than half of the rich have fallen, but Mr Wu's has bucked the trend.
That's thanks to the continued strong performance of The Libang Coatings business in Asia, particularly In China, founded by Wu Qingliang, and the growth in his interest in 2019, the parent company of Libang Coatings, which is a major shareholder (with a stake of nearly 40 per cent).
called Wu Qingliang, 93, the Chinese "father of Libang Coatings" because he introduced the paint business of Day Coatings Holdings to the Southeast Asian market as a young man and established the Lisi Chinese mainland Group;
years of development and capital "war", Wu Denan Group still holds a 49% stake in the Standing Committee, while becoming the largest shareholder of Idao Holdings.
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