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Introduction: Singapore is renowned for its prosperous economy and thriving business environment. In this blog post, we will delve into the lives and fortunes of the top 10 richest individuals in Singapore as of May 7, 2023. From industry titans to real estate moguls, these individuals have amassed impressive wealth, leaving an indelible mark on Singapore’s economic landscape.
Rank
Name
Net Worth (SGD)
1
Li Xiting
SGD 22.6 billion
2
Goh Cheng Liang
SGD 20.3 billion
3
Philip Ng
SGD 10.3 billion
4
Robert Ng
SGD 10.0 billion
5
Wee Cho Yaw
SGD 9.7 billion
6
Zhang Yong
SGD 9.2 billion
7
Forrest Li
SGD 6.6 billion
8
Jason Chang
SGD 6.2 billion
9
Kwek Leng Beng
SGD 4.6 billion
10
Gang Ye
SGD 4.3 billion
Li Xiting: With an estimated net worth of $16.7 billion (SGD 22.6 billion), Li Xiting claims the top spot as the wealthiest person in Singapore. As the founder and CEO of Mindray Medical International, Li’s entrepreneurial journey and his contributions to the healthcare industry have propelled him to great financial success.
Goh Cheng Liang: Ranked second on the list, Goh Cheng Liang boasts a net worth of $15.0 billion (SGD 20.3 billion). He is a self-made billionaire and the founder of Nippon Paint South East Asia Group, a leading player in the paint industry.
Philip Ng: Philip Ng secures the third position with a net worth of $7.6 billion (SGD 10.3 billion). He is actively involved in real estate development and serves as the CEO of Far East Organization, a prominent property developer in Singapore.
Robert Ng: With a net worth of $7.4 billion (SGD 10.0 billion), Robert Ng takes the fourth spot. He is the chairman of Sino Group, a renowned real estate conglomerate, and has made significant contributions to Singapore’s property market.
Wee Cho Yaw: Wee Cho Yaw, ranked fifth on the list, possesses a remarkable fortune of $7.2 billion (SGD 9.7 billion). He is the chairman emeritus of United Overseas Bank (UOB), one of the largest banks in Singapore, and has played a pivotal role in the bank’s success.
Zhang Yong: Zhang Yong, holding the sixth position, has amassed a personal wealth of $6.8 billion (SGD 9.2 billion). He is the co-founder and chairman of Haidilao International Holding Ltd., a prominent hotpot restaurant chain.
Forrest Li: Forrest Li secures the seventh spot on the list with a net worth of $4.9 billion (SGD 6.6 billion). He is the founder and CEO of Sea Limited, an internet company operating popular platforms such as Garena, Shopee, and SeaMoney.
Jason Chang: With a net worth of $4.6 billion (SGD 6.2 billion), Jason Chang occupies the eighth position. He is a successful entrepreneur and investor, with interests spanning various industries.
Kwek Leng Beng: Kwek Leng Beng, holding the ninth spot, possesses a net worth of $3.4 billion (SGD 4.6 billion). As the executive chairman of City Developments Limited (CDL), he has played a pivotal role in shaping Singapore’s real estate landscape.
Gang Ye: Ranking tenth on the list, Gang Ye possesses a significant fortune of $3.2 billion (SGD 4.3 billion). His entrepreneurial pursuits and investments have contributed to his wealth and prominence.
Conclusion: The top 10 richest individuals in Singapore exemplify the country’s economic dynamism and entrepreneurial spirit. With diverse backgrounds and contributions to industries such as healthcare, real estate, and finance, these individuals have not only achieved immense personal wealth but have also made substantial impacts on Singapore’s business landscape.
