Singapore's second richest individual inherits wealth across generations, with six grandchildren becoming millionaires.

After the death of Singapore's second wealthiest man, six grandchildren inherited his established paint empire stocks and joined the ranks of billionaires. Asian tycoon Ng Teng Fong passed away last month in Singapore at the age of 98. His six grandchildren inherited shares of a publicly traded company, each worth over $1 billion. Among them are a scholar in New York and the founder of a charity organization in Bali.