Contents ( 100)
- Contents
- PROLOGUE
- BEIJING CAPITAL INTERNATIONAL AIRPORT
- PART ONE
- 1
- THE MANDARIN
- 2
- CUPERTINO, CALIFORNIA
- 3
- SCOTTS ROAD
- 4
- RIDOUT ROAD
- 5
- TYERSALL PARK
- 6
- MORTON STREET
- 7
- BELMONT ROAD
- 8
- DIAMOND BALLROOM, RITZ-CARLTON HOTEL
- 9
- THE LOCKE CLUB
- 10
- ARCADIA
- 11
- FOUR SEASONS BILTMORE
- 12
- ARCADIA
- PART TWO
- 1
- 2
- RACHEL AND NICK
- 3
- ASTRID
- 4
- THE BAOS
- 5
- CHARLIE
- 6
- CARLTON AND COLETTE
- 7
- NICK AND RACHEL
- 8
- COLETTE
- 9
- MICHAEL AND ASTRID
- 10
- THE BINGS
- 11
- CORINNA AND KITTY
- 12
- ASTRID
- 13
- SAVE THE SEAMSTRESS FASHION SHOW
- 14
- TRENTA
- 15
- 28 CLUNY PARK ROAD
- 16
- PARIS
- 17
- THE MANDARIN ORIENTAL
- 18
- THE SHANGRI-LA
- PART THREE
- 1
- SHEK O
- 2
- CHANGI AIRPORT
- 3
- JINXIAN LU
- 4
- RIVERSIDE VICTORY TOWERS
- 5
- PULAU CLUB
- 6
- IMPERIAL TREASURE RESTAURANT
- 7
- THE WEST LAKE
- 8
- NATIONAL LIBRARY OF CHINA
- 9
- RIDOUT ROAD
- 10
- QUEEN MARY HOSPITAL
- 11
- BUKIT BROWN CEMETERY
- 12
- MAR VISTA
- 13
- TRIUMPH TOWERS
- 14
- CENTRAL POLICE STATION
- 15
- RIDOUT ROAD
- 16
- 188 TAIYUAN ROAD
- 17
- NEWSPAPERS AROUND THE WORLD
- ACKNOWLEDGMENTS
Intrigued by this astonishing tidbit, I went sleuthing into Astrid Teo’s past. Was she a high-fashion model in New York? As it turns out, Astrid is not just another pretty Methodist Girls School girl who married well and became a pampered housewife. Pinnacle can now reveal that she is the only daughter of Henry and Felicity Leong—names that are quite meaningless to most readers of this magazine, but who are apparently influential in their own right.
An expert on Southeast Asian lineage (who wished to remain unnamed) says, “You won’t ever find the Leongs on any list because they are far too smart and far too discreet to be visible. They are an exceedingly private Straits Chinese family that goes back generations and has diversified holdings all over Asia—raw materials, commodities, real estate, that sort of thing. Their wealth is vast—Astrid’s great-grandfather S. W. Leong used to be called ‘the Palm Oil King of Borneo.’ If Singapore had an aristocracy, Astrid would be considered a princess.”
Another grande dame of Singapore’s old-money crowd who will only talk off the record tells me, “It’s not just her Leong blood that makes her important. Astrid is loaded on both sides. Her mother is Felicity Young, and let me just tell you, the Youngs make everybody else look like paupers, because they intermarried with the T’siens and the Shangs. Alamak, I’ve already told you too much.”
Can this mysteriously powerful family be responsible for Teo’s meteoric success? “Absolutely not!” Teo says angrily. Then, catching himself, he breaks into a laugh. “Originally, I was the one who married up, I’ll admit that. But nowadays I fit in very well with her family specifically because I never asked for their help—I was determined to succeed entirely on my own.”
And succeed he has—by now everyone knows how Teo’s fledgling tech firm was suddenly acquired by a Silicon Valley company in 2010, increasing his net worth by several hundred million dollars. While most men might have been content to spend the rest of their lives staring out at the ocean view from one of Annabel Lee’s luxury resorts, Teo doubled down and started his own tech-focused venture capital firm.
“I had no interest in retiring at thirty-three. I felt like I had been handed this golden opportunity, and I didn’t want to take it for granted. There is so much talent and ingenuity right here in Singapore, and I wanted to find Asia’s next generation of Sergey Brins and provide them with the wings to fly,” Teo says. So far, his bets haven’t just soared like eagles, they’ve rocketed to the moon. His apps Gong Simi? and Ziak Simi? have revolutionised the way Singaporeans communicate and argue about food, and several of the start-ups he has funded have been acquired by behemoths like Google, Alibaba Group, and Tencent. The Heron Wealth Report estimates that Teo is now worth close to a billion dollars—not bad for a thirty-six-year-old who shared a bedroom with two of his brothers until he went to college.