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.

T15. Zhao Tao

zhao tao
Tao is the chairman of Shandong Buchang Pharmaceuticals. 

Net worth: $2.0 billion

Age: 55

Source of wealth: pharmaceuticals

T15. Sam Goi

spring rolls
Goi owns Tee Yih Jia Food Manufacturing, the world’s largest maker of popiah skins, which are used to make spring rolls. 

Net worth: $2.0 billion

Age: 72

Source of wealth: frozen foods

T15. Asok Kumar Hiranandani

So Softel Hotel
Hiranandani’s property company, Royal Group, owns hotels such as the So Softel Hotel in Singapore. 

Net worth: $2.0 billion

Age: 66

Source of wealth: real estate

14. Peter Lim

peter lim
Lim is a private investor focused on property, healthcare, and sports. 

Net worth: $2.1 billion

Age: 67

Source of wealth: investments

T12. Kuok Khoon Hong

wilmar ceo
Kuok cofounded Wilmar in 1991, which is now one of the world’s largest palm oil producers. 

Net worth: $2.9 billion

Age: 71

Source of wealth: palm oil

T12. Richard Chandler

clermont group
The native New Zealander moved to Singapore in 2006, where he now runs Clermont Group, his personal investment fund. 

Net worth: $2.9 billion

Age: 61

Source of wealth: investments

11. Raj Kumar and Kishin RK

intercontinental hotel singapore
Kumar and RK are Singapore’s leading landlords, with properties including the five-star Hotel Intercontinental. 

Net worth: $3.1 billion

Age: 66

Source of wealth: real estate

T9. Choo Chong Ngen

hotel 81 singapore
Hotel tycoon Choo Chong Ngen founded the Hotel 81 budget hotel chain in Singapore. 

Net worth: $3.3 billion

Age: 67

Source of wealth: hotels

T9. Shu Ping

shu ping Zhang Yong Haidilao
Ping is the director and cofounder of hot pot chain Haidilao. Her husband, Zhang Yong, is Singapore’s richest man. 

Net worth: $3.3 billion

Age: unknown

Source of wealth: restaurants

8. Jason Chang

ase group
The corporate headquarters of ASE Group, the company Chang chairs, in Kaohsiung, Taiwan. 

Net worth: $3.4 billion

Age: 76

Source of wealth: electronics

7. Kwek Leng Beng

kwek leng beng
Kwek is the chairman of Singapore’s Hong Leong Group and executive chairman of City Developments, one of the island’s largest property developers. 

Net worth: $3.7 billion

Age: 80

Source of wealth: real estate

6. Kwee brothers

capella singapore
The four Kwee brothers own Pontiac Land, which owns luxury hotels and office towers across Singapore. 

Net worth: $6.5 billion

Age: unknown

Source of wealth: real estate

5. Wee Cho Yaw

Wee Cho Yaw
Wee Cho Yaw is the chairman emeritus of United Overseas Bank, Singapore’s third-largest lender, which was cofounded by his father. 

Net worth: $7.1 billion

Age: 91

Source of wealth: banking

4. Goh Cheng Liang

nippon paint holdings
Goh holds a a 39% stake in Nippon Paint Holdings, the world’s fourth-largest paint manufacturer. 

Net worth: $10.5 billion

Age: 93

Source of wealth: paints

3. Robert and Philip Ng

oasia hotel
The Ng brothers control Far East Organization, Singapore’s largest private landlord and developer. 

Net worth: $12.2 billion

Age: unknown

Source of wealth: real estate

2. Eduardo Saverin

eduardo saverin
Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. 

Net worth: $12.3 billion

Age: 38

Source of wealth: Facebook

1. Zhang Yong

zhang yong singapore
Yong is the founder of hot pot chain Haidilao. 

Net worth: $16.4 billion

Age: 50

Source of wealth: restaurants