$58 Billion

2007:

“For people in government like me, having to deal with these sums of money which we have accumulated through the sweat of our brow over the last 40 years, you have to pay the market rate. And then you’ve got an incompetent man and you’ve lost money, by the billions. So get a sense of proportion.” - MM Lee Kuan Yew

2009:

The state-owned investment company’s assets were valued at S$127 billion ($85 billion), down from S$185 billion at the end of March last year, Lim Hwee Hua, senior minister of state with the finance ministry, said today. - Bloomberg

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But of course, before that particular announcement in parliament:

Chief Executive Officer Ho Ching, who drove Temasek’s expansion with acquisitions in China, Europe and the U.S., said last week that former BHP Billiton Ltd. head Chip Goodyear will take over the company in October.


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