Richest Man in Singapore 2023
In 2023, Singapore continues to be home to some of the wealthiest individuals in the world, with a dynamic business environment that fosters entrepreneurship and wealth creation. Here is the list of the top 10 richest men in Singapore as of 2023:
S.no. |
People |
Net Worth |
|
1 |
Li Xiting |
$16.0 billion |
|
2 |
Goh Cheng Liang |
$14.9 billion |
|
3 |
Philip Ng |
$7.6 billion |
|
4 |
Wee Cho Yaw |
$7.4 billion |
|
5 |
Robert Ng |
$7.4 billion |
|
6 |
Zhang Yong |
$6.7 billion |
|
7 |
Forrest Li |
$5.0 billion |
|
8 |
Jason Chang |
$4.5 billion |
|
9 |
Kwek Leng Beng |
$3.4 billion |
|
10 |
Gang Ye |
$3.2 billion |
Wealthiest People in Singapore
The title of the richest man in Singapore is an ever-changing and highly sought-after distinction, reflecting the financial successes and achievements of exceptional individuals within the country. As the global economy evolves and market dynamics fluctuate, the richest man in Singapore represents a symbol of entrepreneurial prowess, strategic investments, and business acumen.
This article explores the fascinating world of Singapore’s wealthiest individual in 2023, highlighting their achievements, contributions, and the factors that have led to their extraordinary financial success.
TRENDING
1. Li Xiting ($16.0 billion)
As of 2023, Li Xiting, a prominent figure in Singapore’s business landscape, has amassed an impressive fortune of $16.0 billion, earning him a coveted spot on the list of billionaires in the country. Li Xiting’s vast wealth is a testament to his entrepreneurial prowess and success in various ventures.
Li Xiting is a highly accomplished business magnate and philanthropist who holds Chinese and Singaporean citizenship. He has made significant contributions to the business world as the co-founder, president, and co-CEO of Mindray, which stands as China’s largest manufacturer of medical equipment. Mindray has emerged as a leading player in the healthcare industry, offering a wide range of innovative medical devices and solutions.
Beyond his business ventures, Li Xiting is known for his philanthropic endeavors. He has demonstrated a strong commitment to giving back to society by actively supporting various charitable initiatives. Through his philanthropy, he has contributed to causes that promote education, healthcare, and social welfare, making a positive impact on communities.
2. Goh Cheng Liang ($14.9 billion)
In 2023, Goh Cheng Liang, a prominent figure in Singapore’s business world, has amassed an impressive fortune of $14.9 billion, placing him among the esteemed list of billionaires in the country. Goh Cheng Liang’s substantial wealth highlights his exceptional entrepreneurial skills and successful ventures.
Goh Cheng Liang has made significant contributions to both the business world and philanthropy. He is the founder of Wuthelam Holdings, a renowned company that specializes in the manufacturing of paint and coatings.
As a highly successful entrepreneur, Goh Cheng Liang has built a formidable reputation in the business landscape. Through his leadership and strategic acumen, Wuthelam Holdings has experienced remarkable growth and established itself as a prominent player in the paint and coatings industry. The company’s commitment to innovation and quality has contributed to its enduring success under Goh Cheng Liang’s guidance.
In addition to his achievements in business, Goh Cheng Liang is actively involved in philanthropy. Through the Goh Foundation, he has made substantial donations to various charitable causes. His philanthropic efforts have supported initiatives aimed at improving education, healthcare, and social welfare. By giving back to the community, Goh Cheng Liang has demonstrated a deep sense of social responsibility and a commitment to making a positive impact on society.
With his wealth, Goh Cheng Liang has not only achieved personal financial success but has also made significant contributions to Singapore’s economy. His business ventures have created job opportunities and stimulated economic growth, further cementing his reputation as a key player in the country’s business landscape.
3. Philip Ng ($7.6 billion)
As of the latest available data, Philip Ng is a notable figure in Singapore’s business scene, with a substantial fortune of $7.6 billion. His impressive net worth places him among the esteemed list of billionaires in the country. Philip Ng’s wealth can be attributed to his astute business decisions and strategic investments. Through his entrepreneurial endeavors, he has achieved remarkable success, solidifying his position as a prominent figure in Singapore’s business community.
Ng is the chief executive of Far East Organization, which stands as Singapore’s largest privately-held real estate developer. With an impressive track record, the company has established itself as a key player in the industry. In addition to his role at Far East Organization, Ng also holds significant influence in the real estate sector in Hong Kong.
Alongside his brother, Robert, he controls the renowned Hong Kong-based developer, Sino Group. This involvement showcases Ng’s ability to navigate and succeed in multiple markets, further solidifying his position as a prominent figure in the real estate industry. We recommend you to go through the article for more exciting details about the other millionaires who are included in the list of the top 10 richest men in Singapore. Scroll down and enjoy reading.
4. Wee Cho Yaw ($7.4 billion)
Wee Cho Yaw is a prominent figure in Singapore’s business landscape. He has made a significant impact on the country’s economy and has amassed substantial wealth through his successful ventures.
Wee Cho Yaw is a highly accomplished Singaporean billionaire businessman, renowned for his extensive involvement in various prominent companies. He holds influential positions as the chairman emeritus and honorary adviser of both United Overseas Bank (UOB) and United Industrial Corporation (UIC) in Singapore. Additionally, he serves as the chairman of the UOL Group.
Wee’s journey in the banking sector began when he joined the board of directors of the United Chinese Bank, which later became United Overseas Bank, in 1958. Within two years, he was appointed as the managing director of the bank, showcasing his exceptional leadership skills and financial expertise. In 1974, upon his father’s retirement, Wee took over as the chairman, further solidifying his position as a key figure in the banking industry.
Moreover, Wee Cho Yaw’s contributions extend beyond his financial success. He has been actively involved in philanthropic endeavors, supporting numerous charitable initiatives in Singapore and beyond. His dedication to giving back to society has further solidified his reputation as a respected and influential figure.
5. Robert Ng ($7.4 billion)
Robert Ng is widely recognized as a significant figure in Singapore’s business landscape, with a notable net worth of $7.4 billion, according to the latest available data. His substantial wealth highlights his exceptional success and entrepreneurial achievements, placing him among the esteemed list of billionaires in the country.
Throughout his career, Robert Ng has demonstrated astute business acumen and a keen eye for strategic investments. His ability to identify lucrative opportunities and make prudent decisions has propelled him to great financial heights. With a deep understanding of the business climate, he has established himself as a key player and influencer in Singapore’s business community.
Beyond his personal financial achievements, Robert Ng’s contributions extend to Singapore’s economy as a whole. His business ventures have played a pivotal role in driving growth and development across various sectors. By creating employment opportunities, fostering innovation, and contributing to the country’s economic prosperity, Robert Ng has left a lasting impact on the business landscape.
Furthermore, Robert Ng’s influence is not limited to business endeavors alone. He has also made notable contributions to philanthropic causes, supporting initiatives that benefit society and contribute to the welfare of others. Through his charitable efforts, he has demonstrated a commitment to giving back and making a positive difference in the lives of others.
6. Zhang Yong ($6.7 billion)
As of the latest available information, Zhang Yong is a notable individual in the business world, particularly in Singapore, with an impressive net worth of $6.7 billion. His substantial wealth places him among the esteemed billionaires in the country.
Zhang Yong is a Chinese-born Singaporean billionaire business magnate who has achieved remarkable success as the founder of the renowned Haidilao restaurant group. Haidilao is widely recognized for its chain of hot pot restaurants, which have garnered immense popularity both in China and beyond.
Under Zhang’s visionary leadership, Haidilao has experienced exponential growth and expansion. As of the end of 2018, the company boasted an impressive network of 466 direct-operated stores across more than a hundred cities. This widespread presence is a testament to the brand’s appeal and Zhang’s ability to scale the business effectively.
In addition to his involvement with Haidilao Hot Pot, Zhang holds a majority stake in several related entities, including Haidilao Catering, Haidilao International Holding, and Yihai International. This diversified portfolio of companies underscores Zhang’s entrepreneurial acumen and strategic investments in the food and catering industry.
Furthermore, Zhang Yong’s success has allowed him to contribute to philanthropic causes, demonstrating his commitment to making a positive impact on society. Through his charitable efforts, he has supported initiatives that benefit communities and promote social welfare, showcasing his dedication to giving back.
7. Forrest Li ($5.0 billion)
Forrest Li is a notable figure in the business world, with an impressive net worth of $5.0 billion, based on the latest available information. His substantial wealth underscores his remarkable success and entrepreneurial achievements, positioning him among the esteemed list of billionaires.
Forrest Li Xiaodong is a Singaporean billionaire businessman who has made significant contributions to the business world as the founder, chairman, and chief executive officer of Sea Limited. Under his leadership, Sea Limited has become a prominent conglomerate with subsidiaries such as Garena and Shopee.
With a diverse range of businesses under its umbrella, Sea Limited has made significant strides in the fields of digital entertainment, e-commerce, and financial services. Garena, a leading global online gaming platform, has gained immense popularity, catering to millions of gamers worldwide. Shopee, on the other hand, has emerged as one of Southeast Asia’s largest e-commerce platforms, facilitating online shopping and digital transactions across multiple markets.
Furthermore, Forrest Li’s success has provided him with the means to contribute to philanthropic causes. He has demonstrated a commitment to giving back to society by supporting charitable initiatives that aim to improve the well-being of others and make a positive impact on communities.
8. Jason Chang ($4.5 billion)
Based on the latest available information, Jason Chang is a notable individual in the business world, with a substantial net worth of $4.5 billion. His impressive wealth places him among the esteemed list of billionaires. Jason Chang is a highly accomplished billionaire businessman of Taiwanese and Singaporean nationality. He currently holds the position of chairman at Advanced Semiconductor Engineering (ASE), a prominent company based in Taiwan.
With his leadership and expertise, Jason Chang has played a pivotal role in driving the success of Advanced Semiconductor Engineering. The company specializes in semiconductor packaging and testing services, serving clients from various industries around the globe. Under his guidance, ASE has established itself as a leading player in the semiconductor industry, contributing to technological advancements and innovation.
Furthermore, it is important to recognize that Jason Chang’s success has allowed him to support philanthropic causes. Through his charitable efforts, he has demonstrated a commitment to giving back to society, supporting initiatives that aim to improve the lives of others and make a positive difference in communities.
9. Kwek Leng Beng ($3.4 billion)
Based on the latest available information, Kwek Leng Beng is a notable figure in the business world, with a considerable net worth of $3.4 billion. His substantial wealth highlights his notable success and entrepreneurial achievements, positioning him among the esteemed list of billionaires.
Kwek Leng Beng, a Singaporean billionaire businessman, holds a prominent position as the executive chairman of Hong Leong Group Singapore, a renowned conglomerate with diversified interests in various industries.
Under Kwek Leng Beng’s leadership, the Hong Leong Group has experienced significant growth and success. The conglomerate has investments and operations spanning real estate, hospitality, financial services, and more. Kwek’s strategic vision and business acumen have played a pivotal role in steering the group’s expansion and solidifying its position as a key player in Singapore’s business landscape.
Additionally, it is important to acknowledge that Kwek Leng Beng has been actively involved in philanthropic endeavors. His dedication to giving back to society is evident through his support for charitable initiatives. By contributing to causes that promote social welfare and uplift communities, he has demonstrated a commitment to making a positive impact on society.
10. Gang Ye ($3.2 billion)
Based on the latest available information, Gang Ye is a notable individual in the business world, with a significant net worth of $3.2 billion. His substantial wealth places him among the esteemed list of billionaires.
Gang Ye, along with fellow billionaire Forrest Li, co-founded Sea, an influential online gaming and e-commerce company. Gang has played a crucial role in the company’s success, serving as the group chief operating officer since January 2017. Prior to this position, he held the role of group chief technology officer, showcasing his expertise in driving technological advancements within the organization.
Sea has gained strong backing from notable investors, including Tencent, which now holds a 20% stake in the company. This strategic partnership with Tencent has provided Sea with valuable support and resources to further fuel its growth and expansion. Additionally, private equity firm General Atlantic has also invested in Sea, reinforcing the company’s position and potential in the market.
Furthermore, it is important to recognize that Gang Ye’s success has allowed him to contribute to philanthropic causes. Through his charitable efforts, he has demonstrated a commitment to giving back to society. By supporting initiatives that aim to improve the lives of others and make a positive impact on communities, he has exemplified his dedication to social responsibility.
Popular Millionaires in Singapore
Singapore is home to numerous successful individuals who have achieved millionaire status. While it is challenging to provide an exhaustive list, here are a few popular millionaires in Singapore:
Wee Cho Yaw: Wee Cho Yaw is a prominent figure in Singapore’s business landscape. As the chairman emeritus of United Overseas Bank (UOB), one of the leading banks in Southeast Asia, he has amassed considerable wealth through his successful banking and investment ventures.
Kwek Leng Beng: Kwek Leng Beng is a well-known entrepreneur and property tycoon in Singapore. As the executive chairman of City Developments Limited (CDL), a leading real estate development company, he has made significant contributions to the country’s real estate industry and has achieved considerable financial success.
Peter Lim: Peter Lim is a successful investor and entrepreneur. He made his fortune through strategic investments in various industries, including finance, real estate, and healthcare. His notable investments and business ventures have cemented his position as one of the popular millionaires in Singapore.
Raj Kumar and Kishin RK: Raj Kumar and Kishin RK are a father-son duo who have made their mark in the real estate industry. They are the founders and owners of Royal Holdings, a prominent property development and investment company in Singapore. Their successful business endeavors have earned them significant wealth and recognition.
Sam Goi: Sam Goi, also known as the “Popiah King,” is a highly successful businessman in Singapore. He made his fortune through his food manufacturing and distribution business. His entrepreneurial spirit and astute business decisions have led to considerable financial success.
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Source: pagasa.edu.vn