Singapore’s 50 Richest 2025: Combined Wealth Soars To $239 Billion

Sea chairman Forrest Li’s fortune more than doubles to $11.2 billion.

Singapore’s Billionaires Ride Economic Growth

On the 60th anniversary of its independence, Singapore saw better-than-expected economic growth. GDP rose 4.3% in the first half of 2025, driven by strong exports despite global trade uncertainty.

Singapore’s richest citizens also had reason to celebrate. As a result, their combined wealth increased by nearly 25%, reaching a record $239 billion.

Eduardo Saverin Tops the List Again

Eduardo Saverin holds the No. 1 spot for the third year running. The Facebook cofounder and longtime Singapore resident added $14 billion to his fortune. His total net worth now stands at $43 billion. The surge came after Meta Platforms’ stock jumped, fueled by growth in AI-driven advertising.

Kwek Leng Beng Moves Up to Second Place

Real estate magnate Kwek Leng Beng rose two places to claim the No. 2 spot. His family’s fortune grew by 24% to $14.3 billion, driven by newly revealed details about their holdings.

Earlier this year, Kwek made headlines when he sued his son, Sherman Kwek (CEO of City Developments), for appointing directors without following procedure. Two weeks later, however, the lawsuit was dropped after both parties agreed to a truce.

Ng Brothers Slip to Third, Goh Family Debuts

Property tycoons Robert and Philip Ng slipped to No. 3. Their combined fortune dipped slightly to $14.1 billion, largely due to the property downturn in Hong Kong.

Making their debut at No. 4 are the heirs of paints magnate Goh Cheng Liang, who passed away in August at age 98. Their total wealth is $13.1 billion. Shares of Nippon Paint Holdings, where Goh’s son Goh Hup Jin serves as chairman, rose nearly 30% following its 2024 acquisition of U.S. chemicals company AOC.

Sea Co-Founders Make Big Gains

Sea Limited’s cofounders saw substantial wealth growth after strong performance in digital entertainment, fintech, and e-commerce.

• Forrest Li, CEO and chairman, rose six spots to No. 6 with $11.2 billion

• Gang Ye, COO, climbed to No. 13 with $6 billion

• David Chen, chief product officer of Shopee, jumped 22 places to No. 28 with $2 billion
  
  Comebacks and New Entrants

  Two names returned to the list after several years:

  • Teo Swee Ann, CEO of chipmaker Espressif Systems, rejoined after three years. The company posted record profits in 2024, thanks to demand for chips used in automation and wearables.

  • Henry Ng and his siblings, owners of Pan-United, came back after a seven-year absence. Shares of the concrete supplier more than doubled due to its low-carbon tech and AI-optimized operations.
    
    

    Who Dropped Off the List?

    The minimum net worth required to make the list rose to a record $1 billion, up from $870 million last year. As a result, two individuals who appeared in 2024 did not make the cut this year.