And here's why Singapore's debt consolidation plan might not be working.
Shipping tycoon Chung Chang Yun is the world's oldest billionaire at 99 years old, according to Forbes. He has a net worth of US$1.9b. Chung was followed by Brazil's Aloysio de Andrade Faria, who is 97 years old.
"He cofounded Pacific International Lines in 1967 as a coastal operator with two secondhand ships. He is chairman of the company. His son Teo Siong Sen runs it."
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