The richest people in Singapore, ranked

zhang yong singapore

The richest people in Singapore include real-estate magnates, private investors, the cofounder of Facebook, and hot pot billionaires, according to Forbes’ Real-Time Billionaires list.

Singapore’s richest person is Li Xiting, the founder and CEO of a company that supplies medical devices, who’s worth $18.1 billion.
The youngest person on the list is 38-year-old Eduardo Saverin, the cofounder of Facebook, a Brazilian native who’s been a Singapore resident since 2012. 
Newcomers to the top 15 richest people include two gaming billionaires.
Singapore’s richest people are worth a combined $111.7 billion.
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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.

The richest person in Singapore is Li Xiting, the founder and CEO of a company that supplies medical devices. Li didn’t even break into the top 15 richest people in Singapore in January — now, he’s worth $18.1 billion, according to Forbes’ Real-Time Billionaires list. The executive’s wealth has skyrocketed during the coronavirus pandemic as countries around the world buy his company’s medical products, which include ventilators, imaging devices, and patient monitors, per the South China Morning Post.

In March 2019, Li was worth $5.5 billion, per Forbes. By April 2020, his fortune had swelled to $11.6 billion.

Earlier this year, Singapore’s richest person was Zhang Yong, a 50-year-old restaurateur who chairs the popular Sichuan hot pot chain Haidilao, which has locations in China, the US, Japan, South Korea, and Singapore. Now, Zhang has been knocked down to the second spot by Li. Zhang’s wife, Shu Ping, the director of the company, is also on Singapore’s billionaires list, with a net worth of $3.4 billion.

Here are Singapore’s richest people, who are worth a combined $111.7 billion.

SEE ALSO: What it’s like living as a billionaire in Singapore, the most expensive city in the world, where wealthy residents are worth a combined $1 trillion and limited land makes owning a house the ultimate ‘status symbol’

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15. Zhao Tao

Net worth: $2.6 billion

Age: 55

Source of wealth: Pharmaceuticals

14. Raj Kumar and Kishin RK

Net worth: $2.7 billion

Age: 66

Source of wealth: Real estate

13. Kuok Khoon Hong

Net worth: $3 billion

Age: 71

Source of wealth: Palm oil

T12. Jason Chang

Net worth: $3.3 billion

Age: 76

Source of wealth: Electronics

T12. Gang Ye

Net worth: $3.3 billion

Age: 40

Source of wealth: gaming

10. Shu Ping

Net worth: $3.4 billion

Age: unknown

Source of wealth: Restaurants

9. Kwek Leng Beng

Net worth: $3.5 billion

Age: 80

Source of wealth: Real estate

8. Kwee brothers

Net worth: $5.3 billion

Age: unknown

Source of wealth: Real estate

7. Wee Cho Yaw

Net worth: $5.5 billion

Age: 91

Source of wealth: Banking

6. Forrest Li

Net worth: $5.7 billion

Age: 42

Source of wealth: Gaming

5. Robert and Philip Ng

Net worth: $11.2 billion

Age: unknown

Source of wealth: Real estate

4. Eduardo Saverin

Net worth: $13.3 billion

Age: 38

Source of wealth: Facebook

3. Goh Cheng Liang

Net worth: …read more

Source:: Business Insider – Life

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