Singapore's Billionaire Club Grows To 49 And Here's 5 We Know About
This growth highlights Singapore's continued status as a magnet for wealth, attracting high-net-worth individuals from around the world. The city-state's stable political environment, sophisticated financial services, and strategic location in Asia contribute to its appeal as a global hub for business and a preferred residence for the ultra-rich. The influx of new billionaires in 2025, many of whom are from the tech and finance sectors, further solidifies this trend.
Here are the top billionaires in Singapore, along with a brief overview of their background and source of wealth:
1. Goh Cheng Liang: The paints tycoon holds the top spot as Singapore's richest man. His fortune stems from a majority stake in Japan's Nippon Paint Holdings, one of the world's largest paint manufacturers. Goh started his journey in the paint industry by launching his own small factory in Singapore before partnering with Nippon Paint, a collaboration that became the foundation of his immense wealth.
2. Li Xiting: A co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, a leading medical devices firm. Li, a Singapore citizen, has built his wealth in the healthcare sector, with his company playing a significant role in providing medical equipment across the globe.
Instagram: @tycoonstory.media
3. Forrest Li: The founder, chairman, and CEO of Sea Ltd., a tech conglomerate behind popular brands like the e-commerce giant Shopee and gaming platform Garena. Li's net worth saw a substantial increase in 2025, reflecting the continued success and expansion of his internet company in the Southeast Asian market
4.Philip and Robert Ng: These brothers control the Far East Organization, Singapore's largest private landlord and property developer. Their vast wealth comes from the family's extensive real estate portfolio, which was established by their late father, Ng Teng Fong, and includes a significant presence on Singapore's famed Orchard Road.
Instagram: @wealths.blueprint
5. Zhang Yong: A restaurateur and chairman of Haidilao International Holding, a globally recognized hotpot chain. Originally from China, Zhang is a Singaporean citizen who has built a culinary empire with over 1,400 restaurants across Greater China and a growing international presence.
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