Yes same same the Suhartos and their cronies.
And lky was way more vile and wily than Suharto.
For reference dictators like gaddafi is estimated to be worth usd 200 billion and Putin been estimated at 70 billion.
Though you might argue these countries had oil or were bigger blah blah blah.....dun forget ah gong got head start and 50 years to fine tune his plundering.
Someday when I am not so busy, I will spend a few days trying to figure out the Lee/Kwa fortune.
Unfortunately, you have to approach it from the best guess way. The only people who know approximately how much are in IRAS and they are not talking. There is a dearth of information and public filings, unlike in the US where all high ranking govt officials have to put their assets in blind trusts after publicly revealing how much there is, as well, their tax filings are made public. If some brothers want to help me, that would be great. Its long overdue for such a compilation of their assets anyway, and I have already been threatened on this thread to shut my mouth.
From my experience, the approach is as follows:
1) Determine the major areas of initial income from the Kwa/Lee side. E.g. we already know that Kwa family has money, they send their daughter to school in the UK where she met Old Fart. Old Fart was the poorer of the 2, and supported himself with funds earned during the Jap Occupation with his treachery. Consideration: How much did Kwa inherit after the death of her parents. Clue: They had enough money to buy a big piece of land at Oxley with a bungalow on it. At a time when Old Fart's and her own law practice was in the fledgling state. What other cash, stocks and assets were inherited by Gecko?
2) Determine approximate income earned by Kwa from Lee and Lee at the beginning of her husband's career to present. Recall Lee and Lee was a small no name firm. Then it earned billions in HDB conveyancing contracts. Assume they did the conveyancing on 70% of new HDB flats, and there are 1 million of them, and assume they did another 400,000 resale conveyancing at a inflation adjusted rate of $1000 per flat. Assume they were awarded hundreds of millions of dollars in Govt and GLC related legal contracts. Recall she was a senior partner, along with Old Fart's brother. How much is the law firm worth today and what is their share worth? if you told me the law firm was worth $300 million, and they are owners of more then 50%, I believe it. Also Gecko earned bonus and salary through the decades. If you say the inflation adjusted earnings for Gecko were an average $3 million dollars a year for 40 years, you just pick a discount rate and do a present value of all her earnings, made possible only due to her Husband's connections. This might be well over $200 million. Considerations: Did Old Fart retain his shares in Lee and Lee? Consideration: How much did co-founder Lee Kim Yew also earn?
3) Asset Class: Securities and shares.
Old Fart was heavily invested in shares during his time in office. Did he use insider info? How heavily was Kwa investing? Did they make shadow trades with GLCs? i.e. if GLCs buy this company did they buy before hand? This could be in the hundreds of millions $ at the time of his death. Consideration: what about his overseas stock portfolios?
4) Asset Class: Real Estate
We know they are major buyers of luxury condos and demand a discount from developers not available to the public. eg HPL and Nassim jade. They also own entire rows of terrace houses in tanglin. If they buy only 10 properties a year, that is 500 high end properties they own. Consideration: Did they get into development? Joint Ventures? Did they invest in commercial properties eg shopping malls, office buildings, etc. What about their foreign holdings. I know thet Old Fart has been buying overseas for a long time. He owns property in Vancouver BC, as well as in London. How big is the foreign property portfolio? This portfolio alone with all the Lee family and kwas added in could be in the billions $.
Asset Class : Fixed income
Bonds, CDs, etc. Who knows
Money and assets from Income stream calculations: For example what is the present value of Gay Loong and Whore Jinx's income to date, again using a discounted cash flow method, as well as present value of all the cash streams "earned" by Whore Jinx's brothers and sisters, kwas' siblings, and Lee siblings. Should be in the hundreds of millions $ annually.
So bros, as you can see, a lot of work, and PAPsmearer is too busy nowadays.