Singapore, the “Lion City,” is a hub for entrepreneurs and international investment. It is one of the world’s most attractive cities for investment and business and has increasingly become home to some of the top companies in finance, healthcare, real estate, and technology. The stable business environment, along with a culturally diverse population, has given rise to many successful entrepreneurs excelling in their chosen fields. Let’s look at the top 10 richest people in Singapore along with the businesses they manage.
10 Richest People in Singapore
Li Xiting
- Estimated net worth: 15.1 billion USD
- Company: Mindray
- Age: 73
- Ranking in Singapore: 1
Li Xiting, the wealthiest person in Singapore, co-founded Mindray, a leading medical device manufacturer. His fortune soared during the COVID-19 pandemic, making him a key figure in the global healthcare industry. Forbes ranks him at the top in Singapore and 123rd globally, with an estimated net worth of around 15 billion USD.
Goh Cheng Liang
- Estimated net worth: 12.7 billion USD
- Company: Nippon Paint
- Age: 97
- Ranking in Singapore: 2
Goh Cheng Liang, the 97-year-old paint tycoon, built his wealth through Nippon Paint, the largest paint manufacturer in Asia. He began his business journey in the 1950s by securing the distribution rights for Nippon Paint in Singapore. Over the decades, he expanded his empire, making him the second richest person in Singapore and 234th globally on Forbes’ list, with an estimated net worth of 12.7 billion USD as of 2024.
Ng Chee Tat Philip
- Estimated net worth: 7.2 billion USD
- Company: Far East Organization
- Age: 65
- Ranking in Singapore: 3
Philip Ng leads Far East Organization, one of Singapore’s largest real estate developers. With a net worth of 7.2 billion USD, he is a prominent figure in the property market. Forbes ranks him third among Singapore’s billionaires and 327th globally.
Robert Ng
- Estimated net worth: 7.1 billion USD
- Company: Sino Group
- Age: 72
- Ranking in Singapore: 4
Robert Ng took over the Sino Group from his father, Ng Teng Fong, in the early 1990s. The company is a major player in real estate development in Hong Kong and Singapore. He ranks fourth in Singapore and 334th globally on Forbes’ list, with a net worth of over 7.1 billion USD.
Jason Chang
- Estimated net worth: 6.6 billion USD
- Company: ASE Group
- Age: 80
- Ranking in Singapore: 5
Jason Chang co-founded ASE Group in 1984, growing it into a leading semiconductor assembly and testing company. His success places him fifth in Singapore and 387th globally according to Forbes.
Zhang Yong
- Estimated net worth: 4.9 billion USD
- Company: Haidilao
- Age: 54
- Ranking in Singapore: 6
Zhang Yong founded Haidilao in 1994 after a poor dining experience inspired him to create a better hotpot restaurant. His innovative approach has made Haidilao a global chain, ranking him sixth in Singapore and 588th globally on Forbes’ list. He has a net worth of over 4.9 billion USD as of May 2024.
Jason Jiang
- Estimated net worth: 3.7 billion USD
- Company: Focus Media
- Age: 51
- Ranking in Singapore: 7
Jason Jiang founded Focus Media in 2003, transforming the advertising landscape with his digital display network. His entrepreneurial success ranks him seventh in Singapore and 847th globally according to Forbes.
Forrest Li
- Estimated net worth: 3.6 billion USD
- Company: Sea Ltd
- Age: 46
- Ranking in Singapore: 8
Forrest Li co-founded Sea Ltd in 2009, which owns popular platforms like Shopee and Garena. His ventures in tech and entertainment rank him eighth in Singapore and 905th globally on Forbes’ list, with an estimated net worth of over 3.6 billion USD.
Kwek Leng Beng
- Estimated net worth: 3.4 billion USD
- Company: Hong Leong Group
- Age: 83
- Ranking in Singapore: 9
Kwek Leng Beng joined his family business, Hong Leong Group, in the 1960s and expanded it into a major conglomerate. He ranks ninth in Singapore and 987th globally according to Forbes.
Choo Chong Ngen
- Estimated net worth: 2.9 billion USD
- Company: Hotel 81
- Age: 71
- Ranking in Singapore: 10
Choo Chong Ngen founded Hotel 81 in 1995, building a successful chain of budget hotels in Singapore. His net worth is over 2.9 billion USD, placing him tenth in Singapore and 1237th globally on Forbes’ list.
FAQs on the Richest People in Singapore
Among the richest people in Singapore, who is the youngest billionaire?
Kishin RK, co-founder of the property investment firm RB Capital and the only son of Singaporean real estate magnate Raj Kumar, is the youngest billionaire in Singapore.
What is the main industry of the richest people in Singapore?
The main industry of the richest people in Singapore is real estate and technology. Approximately 20-25% of the billionaires have accumulated their wealth through real estate and technology.
Who is among the richest people in Singapore?
The richest person in Singapore is Li Xiting, co-founder of Shenzhen Mindray Bio-Medical Electronics, with a net worth of around 15.1 billion USD.
