The 10 richest people in Singapore in 2023

Singapore is home to some of the wealthiest individuals in the world, with a total of 35 billionaires as of 2023, according to Forbes. The city-state’s rich list is dominated by entrepreneurs, investors, and heirs from various sectors, such as technology, real estate, healthcare, manufacturing, and finance. Here are the top 10 richest people in Singapore in 2023, based on their net worth as of September 6, 2023:

1.Eduardo Saverin ($16 billion): 

The cofounder of Meta Platforms (formerly Facebook) and a resident of Singapore for over a decade, Saverin is the new No. 1 on the list, with a net worth of $16 billion. The Brazilian native, the biggest gainer this year in dollar terms, added $6.4 billion as shares of Meta, which recently launched Twitter rival Threads, were up nearly 70% since the last measurement.

2.Goh Cheng Liang ($14.9 billion): 

The founder and chairman of Nippon Paint Holdings, Goh is the second richest person in Singapore, with a net worth of $14.9 billion. He owns a 39% stake in the Japanese paint maker, which has operations in Asia, Europe, and North America. He also has interests in real estate, hospitality, and private equity.

3.Li Xiting ($14 billion): 

The cofounder and chairman of Shenzhen Mindray Bio-Medical Electronics, Li is the third richest person in Singapore, with a net worth of $14 billion. He is also the richest healthcare billionaire in the world, according to Forbes. His company, which makes medical devices and equipment, saw its revenue and profit surge in 2020 and 2021 amid the Covid-19 pandemic.

4.Robert and Philip Ng ($14.8 billion): 

The brothers and co-chairmen of Far East Organization, the largest private property developer in Singapore, Robert and Philip Ng are the fourth richest people in Singapore, with a combined net worth of $14.8 billion. They inherited the business from their father, Ng Teng Fong, who died in 2010. They also own Sino Group, a property developer in Hong Kong.

5.Kwek Leng Beng and family ($11 billion): 

The executive chairman of Hong Leong Group, a conglomerate with interests in property, finance, hotels, and trade, Kwek Leng Beng and his family are the fifth richest people in Singapore, with a net worth of $11 billion. He is also the chairman of City Developments, one of the largest real estate developers in the country.

6.Zhang Yong and Shu Ping ($9.7 billion):

The founders and co-chairmen of Haidilao International Holding, a hotpot restaurant chain with more than 1,000 outlets worldwide, Zhang Yong and Shu Ping are the sixth richest people in Singapore, with a net worth of $9.7 billion. They moved to Singapore in 2018 and became citizens in 2019. Their company, which is listed in Hong Kong, has been expanding rapidly in China and overseas.

7.Khoo family ($8.5 billion): 

The heirs of the late Khoo Teck Puat, who was one of the founders of Malayan Banking (Maybank), the largest bank in Malaysia, the Khoo family are the seventh richest people in Singapore, with a net worth of $8.5 billion. They own a 15% stake in Maybank, as well as stakes in property, hospitality, and healthcare companies.

8.Wee Cho Yaw ($7.1 billion):

The chairman emeritus of United Overseas Bank (UOB), the third largest bank in Singapore, Wee Cho Yaw is the eighth richest person in Singapore, with a net worth of $7.1 billion. He joined the bank in 1950 and became its chairman in 1974. He retired in 2013, but remains a director and a major shareholder. He also has investments in real estate, hotels, and media.

9.Leo Koguan ($6.5 billion): 

The cofounder and chairman of SHI International, a New Jersey-based IT provider, Leo Koguan is the ninth richest person in Singapore, with a net worth of $6.5 billion. He was born in China and grew up in Taiwan, before moving to the US for his education. He became a Singapore citizen in 2011. His company, which serves more than 20,000 customers, including AT&T, Boeing, and NASA, reported revenue of $11.5 billion in 2020.

10.Kwee brothers ($6.3 billion): 

The four brothers, Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen, and Kwee Liong Phing, are the 10th richest people in Singapore, with a combined net worth of $6.3 billion. They are the sons of the late Kwee Siok Leng, who was a partner of Indonesian tycoon Liem Sioe Liong. They run Pontiac Land, a luxury property developer that owns hotels, offices, and residences in Singapore and abroad.

These are the 10 richest people in Singapore in 2023, according to Forbes. They represent the diversity and dynamism of the city-state’s economy, which has been resilient and innovative amid the challenges of the Covid-19 pandemic.