M artin Lavoo is a billionaire entrepreneur and a member of the family controlling Wuthelam Holdings, the majority owner of Nippon Paint. He is a grandson of the late Singaporean tycoon Goh Cheng Liang. In 2025, Martin was part of a select group of grandchildren who received a direct inheritance of shares in the paint empire, bypassing the second generation.
He serves as a representative on the board of Nipsea, the group's Asian operating arm. Outside of the family business, Lavoo is a successful entrepreneur in his own right, having co-founded Sustenir Agriculture, a high-tech vertical farming company based in Singapore. His background combines legacy industrial wealth with a focus on sustainable food technology.
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Martin Yuen-An Lavoo is a Singaporean businessman and a member of the elite Goh family, architects of one of the world's most successful industrial dynasties. He is the grandson of the late Goh Cheng Liang, the legendary founder of Wuthelam Group.
Martin entered the billionaire ranks in late 2024 through an unprecedented succession plan. His grandfather transferred a 55% stake in the Tokyo-listed Nippon Paint Holdings directly to six of his grandchildren. Each grandchild, including Martin, received a stake worth more than US$1 billion.
Unlike some of his peers, Martin Lavoo has dedicated his career to the high-tech sustainability sector. He is the co-founder of Sustenir Agriculture, a vertical farming startup that has received backing from Temasek Holdings.
His structural achievement is tied to revolutionizing urban farming in Singapore, using climate-controlled indoor environments to grow non-native crops. While his family continues to dominate the global paints and coatings market through Nippon Paint, Martin has focused on solving food security issues in densely populated urban centers.
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Family founds the historic partnership with Japan's Nippon Paint.
Co-founds Sustenir Agriculture to address urban food security.
Receives a US$1.1 billion share transfer from his grandfather.
Passing of patriarch Goh Cheng Liang at age 98, completing the wealth transfer.
Martin Lavoo’s wealth is concentrated in his inherited equity in the paint industry and his own sustainable tech ventures.
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-0.02% | -$6.27M
+0.21% | +$16.94M
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