Sam Goi Net Worth $2 Billion
Tee Yih Jia – an in Depth Anaylsis on What Works and What Doesn’t
Singaporean food tycoon Sam Goi is the owner of Tee Yih Jia (TYJ) and he’s got an estimated net worth of $2 billion as of March 2013 according to Forbes. He is likewise the eleventh wealthiest person in Singapore and 882nd on the planet.
Sam Goi Seng Hui has made his estimated net worth of $2 billion as the executive chairman of the privately held TYJ Food Manufacturing, the world leading producer of spring roll pastry or popiah in local context. Recently, he was in the news for purchasing positions in database provider Global Yellow Pages, mushroom supplier Yamada Green Resources, and cocoa ingredient maker JB Foods.
Nicknamed the Singapore’s Popiah King, he’s often mentioned as a role model for Singaporean entrepreneurs as he developed the food manufacturing company from a tiny business with a yearly turnover of $300,000 into a global firm with sales in the hundreds of millions.
Sam Goi founded Tee Yih Jia in 1969 and has grown over time. He’s also enlarged its portfolio with acquisitions including a share in dairy products company Etika International Holdings. He’s also accumulated profits from China’s economic bloom and rural migration to second and third tier cities by diversifying into property. In March, he’s raised $200 million from a rights issue of his Singapore-listed GSH Corporation to fund the expansion of property interests in China where he’s developing an industrial park in Tianjin and a marine eco city in Zhangzhou.