Who is the Richest Man in Singapore

Forrest Li Forrest Li, Sea Ltd.‘s billionaire co-founder, chairman and chief executive officer, has become Singapore’s richest person as shares of his company surged.

Forrest Li, Sea Ltd.’s billionaire co-founder, chairman and chief executive officer, has become Singapore’s richest person as shares of his company surged.

Li, who was born in China and later became a Singapore citizen, is now worth $19.8 billion, according to the Bloomberg Billionaires Index, after Sea’s American depositary receipts rose 67% this year. The city-state’s second-richest person, paint tycoon Goh Cheng Liang, has a net worth of $17.7 billion.

It’s another example of how tech billionaires are climbing up the wealth rankings in countries across Asia. Earlier this year, Brian Kim, the founder of messaging giant Kakao Corp., became South Korea’s richest person.

Singapore, one of the most expensive cities in the world, is home to an estimated 44 billionaires.

These ultra-wealthy individuals range from real-estate magnates and private investors to hot pot billionaires and even the cofounder of Facebook.

Singapore’s richest person is Zhang Yong, a 50-year-old restaurateur who’s worth $16.4 billion and chairs the popular Sichuan hot pot chain Haidilao, which has locations in China, the US, Japan, South Korea, and Singapore, according to Forbes’ Real-Time Billionaires list. His wife, Shu Ping, the director of the company, is also on Singapore’s billionaires list, with a net worth of $3.3 billion.

Here are Singapore’s richest people, who are worth a combined $95.7 billion.