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Coming in at 5th position: Billy J. McCombs, also known as Red - net worth: US$1.1 billion (S$1.4 billion)
Coming in at 5th position: Billy J. McCombs, also known as Red - net worth: US$1.1 billion (S$1.4 billion)
Property tycoon Ong Beng Seng named 4th richest person in F1

Singapore - Singapore's property tycoon Ong Beng Seng of Hotel Properties Limited (HPL) has emerged as the fourth richest individual affiliated with premier motor racing sport Formula One Grand Prix (F1).

The 68-year-old billionaire with a net worth of US$1.6 billion (S$2.05 billion) was one of the key people who brought the F1 race to Singapore in 2007. In the rankings complied by Wealth-X, an intelligence research company, it revealed Ong to be the only Asian tycoon to make it in the top 5.

Taking the lead is Red Bull chief executive, Dietrich Mateschitz, an Austrian who has a net worth of US$7.8 billion (S$9.7 billion). The tycoon who was born under the zodiac sign of Taurus (a bull) owns 49 per cent of the energy drink company.

The Red Bull team is one of the front-runners of the premier racing sport and has won three consecutive F1 Constructors' trophies since 2010 with their Renault-powered automobiles and award-winning drivers Sebastian Vettel and Mark Webber.

Other ultra high net worth individuals in the top five also include American business magnates John Paul Jones DeJoria from John Paul Mitchell Systems who took second position and Billy J. McCombs from Red McCombs Automotive group in fifth position.

Other ultra-wealthy Asian individuals who made it in the top 10 include Vijay Vittal Mallya, chairman of India's United Breweries Group and team principal of the Force India F1 team, and Malaysian Tony Fernandes, executive chairman of Tune Group (parent company of budget carrier Air Asia) who also owns the Caterham F1 team. Both tycoons were placed in eighth and ninth positions respectively.

The list comprises racing team owners, a Grand Prix promoter and a director of a track-side advertising agency and the F1 Paddock Club, reported Wealth-X.

The 61-lap Singapore Grand Prix will commence on Sep 20 and run till Sep 22.

Photos: AFP, Reuters, Bloomberg News, ST, Youtube screengrabs, Forbes video screengrabs

Click here to see who topped the rankings of F1's richest.

Coming in at 5th position: Billy J. McCombs, also known as Red - net worth: US$1.1 billion (S$1.4 billion) A self-made billionaire, American Red McCombs is the fifth most wealthiest individual affiliated with premier motor race Formula One Grand Prix (F1). McCombs brought F1 to Texas and hosted the inaugural race last November at the new race track the Circuit of the Americas in the city of Austin, reported Forbes.
He got the nickname 'Red' due to his hair colour. Above: McCombs and former US president, George W. Bush. Touted as a Texan legend by Forbes, McCombs' started seizing opportunities young when he started his first job as a paper boy as a kid. Above: McCombs in his younger days. When McCombs was little, all he had was his family and the values his parents instilled in him.
Through his parents, he learnt about giving, and later after making his fortune, he was always ready to share his wealth with others. Above: McCombs and his wife, Charline Hamblin McCombs. A shy billionaire, McCombs readily gives to various charities and educational institutes, especially to the state of Texas and the town of San Antonio, without anyone knowing. According to his daughter and apparent heir, Marsha Shields, he is a visionary. McCombs is said to react to something before there is a problem. He even responds to a need, before the need even surfaces.
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