Combined Wealth Of Singapore’s 50 Richest On Forbes List Rises 23% To Record US$239 Billion

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Eduardo Saverin retains top spot on list

SINGAPORE (September 4, 2025) – The combined wealth of tycoons on the 2025 Forbes list of Singapore’s 50 Richest rose by 23% to US$239 billion from $195 billion last year. The complete list is available here, as well as in the September issue of Forbes Asia.

On the 60th anniversary of its indepen­dence, Singapore posted better-than-ex­pected economic growth of 4.3% in the first half of 2025, thanks to an export overdrive amid tariff-related uncertainties.

In the No. 1 position for the third year in a row, Eduardo Saverin is the biggest gainer in dollar terms and leads the group of 41 people whose wealth expanded. The Facebook cofound­er and longtime Singapore resi­dent added $14 billion to take his net worth to $43 billion as an AI-fueled advertising jump caused shares of Facebook parent Meta Platforms to surge.

Real estate magnate Kwek Leng Beng climbed two spots to second place with his fortune, which he shares with his family, rising 24% to $14.3 billion, mainly due to new information about the clan’s holdings. Property siblings Robert & Philip Ng slipped to No. 3 and their combined fortune dipped to $14.1 bil­lion, with the Hong Kong property downturn impact­ing their interests there.

The Goh family, consisting of the heirs of paints tycoon Goh Cheng Liang, who died in August at age 98, debuted on the list at No. 4 with $13.1 billion. Shares of Nippon Paint Holdings, where the late patriarch’s son Goh Hup Jin is chairman, rose nearly 30% from a year ago following its 2024 acquisi­tion of U.S. specialty chemicals maker AOC.

Rounding out the top five on the list is Li Xiting, chairman of Shenzhen Mindray Bio-Medical Electronics, whose net worth fell slightly to $13 billion from $13.4 billion last year.

Other big gainers on the list include New York-listed consumer internet company Sea’s three cofounders, whose fortunes rocketed as second-quarter revenue across all its units—digital entertainment, e-commerce and fintech—jumped. Chairman and CEO Forrest Li climbed six places to No. 6 with $11.2 billion; chief operating officer Gang Ye rose to No. 13 with $6 billion; David Chen, chief product officer of e-commerce arm Shopee, scaled 22 spots to No. 28 with $2 billion.

Featured on the cover of the September issue of Forbes Asia is Min-Liang Tan (No. 33), chairman and CEO of Razer, who saw his fortune rise to $1.7 billion, from $1.55 billion last year. Tan is looking beyond gaming hardware to unlock new growth for the company with AI-powered software.

Two listees returned to the ranks after a hiatus. Teo Swee Ann (No. 37, $1.5 billion), founder and chief executive of Shanghai-listed Espressif Systems, reclaimed his place after three years, with the maker of chips for a range of applications from industrial automation to wearable devices reporting record profits for 2024. Henry Ng and his siblings (No. 50, $1 billion), who control Pan-United, made a comeback after a seven-year gap as shares of the cement maker more than doubled, thanks to its low-car­bon products and AI-optimized operations.

The minimum net worth to make the list increased to a re­cord $1 billion from $870 million last year.

The top 10 richest in Singapore are:

1. Eduardo Saverin; US$43 billion
2. Kwek Leng Beng; $14.3 billion
3. Robert & Philip Ng; $14.1 billion
4. Goh Family; $13.1 billion
5. Li Xiting; $13 billion
6. Forrest Li; $11.2 billion
7. Khoo Family; $10.1 billion
8. Wee Family; $10 billion
9. Leo Koguan; $8.2 billion
10. Zhang Yong & Shu Ping; $7.8 billion

The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, ana­lysts and other sources. Unlike the Forbes World’s Billionaire rankings, this list includes family fortunes, including those shared among extended families such as that of Kwek Leng Beng and his cousins. Net worths are based on stock prices and exchange rates as of the close of markets on August 15, 2025. Private companies were valued based on similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country.

For more information, visit www.forbes.com/singapore

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