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Skipping a generation: Lessons from the late Nippon Paint tycoon’s inheritance play
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The late Mr Goh Cheng Liang was among Singapore's richest, according to Forbes' ranking.
PHOTO: SHIN MIN DAILY NEWS
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- The late Nippon Paint tycoon Goh Cheng Liang transferred Nipsea shares worth over $10 billion to six grandchildren, while his son Goh Hup Jin retains control with 90.9% voting rights.
- Experts note that this succession strategy is unusual, but not illogical, and has its pros and cons under different circumstances.
- They add that it is important for anyone planning succession to communicate openly with family members involved and nurture a sense of shared purpose.
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SINGAPORE – Months before Nippon Paint tycoon Goh Cheng Liang died at the age of 98 in August 2025
Regulatory filings by Nippon Paint show that by December 2024, the shares of its parent company, Nipsea International, had been transferred to six individuals – later revealed to be six of Mr Goh’s eight grandchildren. Together, they hold one billion shares worth over $10 billion.
