Local shipping magnate Teo Woon Tiong - formerly the world's oldest billionaire - has died at 102. His death comes two years after he stepped down from the board of Pacific International Lines (PIL) and passed the baton to his son, Mr Teo Siong Seng, better known as S.S. Teo.
Just a week after celebrating his 102nd birthday on Aug 27 with his family, and favourite food durian, Mr Teo died in his sleep on Friday. He is survived by eight sons and six daughters.
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