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Singapore is a bustling financial hub that hosts some of the most successful and influential businessmen in the world. From technology and real estate to healthcare and finance, these entrepreneurs have not only built multi-billion-dollar empires but have also played a pivotal role in shaping the local and global economy.
Here’s a closer look at Singapore’s top 10 businessmen in 2024, ranked by their net worth and their respective industries.
Eduardo Saverin – $29 Billion | Technology
Eduardo Saverin, a co-founder of Facebook, leads the list with a staggering net worth of $29 billion. Now a permanent resident of Singapore, Saverin has shifted his focus from social media to venture capital. His firm, B Capital Group, has become a prominent player in the global tech investment scene, funding startups that are revolutionizing industries like fintech, healthcare, and artificial intelligence. Saverin’s keen eye for high-growth opportunities keeps him at the top of Singapore’s wealthy elite.
Robert & Philip Ng – $14.4 Billion | Real Estate
The Ng brothers, Robert and Philip, are at the helm of Far East Organization, Singapore’s largest private property developer. With a net worth of $14.4 billion, they have been instrumental in shaping Singapore’s skyline. Their real estate empire spans residential, retail, and commercial properties, not only in Singapore but across the globe. The family business continues to expand, making them one of the most influential players in the global real estate industry.
Li Xiting – $13.4 Billion | Healthcare
Li Xiting, co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, is a key player in the global medical equipment market. With a net worth of $13.4 billion, Li’s company produces medical devices and diagnostic tools that are used in hospitals worldwide. The demand for healthcare technology has surged since the COVID-19 pandemic, and Li’s leadership has kept Mindray at the forefront of medical innovation, making him a critical figure in the healthcare industry.
Kwek Leng Beng & Family – $11.5 Billion | Real Estate
Kwek Leng Beng, chairman of Hong Leong Group, commands one of Singapore’s largest conglomerates, which is heavily invested in real estate, hotels, and finance. With a net worth of $11.5 billion, Kwek oversees an extensive property portfolio under City Developments Limited (CDL), including luxury hotels and residential developments. His family’s real estate empire stretches across continents, from Asia to Europe and North America, cementing his place as one of the richest in Singapore.
Goh Cheng Liang – $10.4 Billion | Manufacturing
Goh Cheng Liang made his fortune by founding Nippon Paint, one of the world’s largest paint manufacturers. With a net worth of $10.4 billion, Goh has expanded his paint empire into Asia and beyond. His company, Wuthelam Holdings, continues to innovate in the manufacturing space, particularly in coatings and speciality chemicals. Goh’s wealth and business acumen make him a significant figure in the manufacturing sector, both in Singapore and globally.
Khoo Family – $9.2 Billion | Real Estate
The Khoo family, known for their real estate fortune, holds an impressive net worth of $9.2 billion. Their wealth stems from various real estate assets and investments, notably the Goodwood Group of Hotels. The late Khoo Teck Puat, a banking tycoon, laid the foundation for the family’s fortune, and today, the family’s investments continue to grow in both Singapore and international markets, securing their place among Singapore’s wealthiest.
Wee Family – $7.8 Billion | Finance & Investments
The Wee family, led by Wee Cho Yaw, is synonymous with finance in Singapore. With a net worth of $7.8 billion, the family controls United Overseas Bank (UOB), one of the largest banks in Southeast Asia. The Wee family has deep roots in Singapore’s banking industry, and their influence stretches beyond finance into various investment sectors. Their prudent management and focus on growth ensure their continued prominence in Singapore’s financial landscape.
Kwee Brothers – $6.8 Billion | Real Estate
The Kwee brothers—Kwee Liong Tek, Kwee Liong Seen, Kwee Liong Phing, and Kwee Liong Keng—own Pontiac Land, a luxury real estate company responsible for some of Singapore’s most iconic buildings. With a combined net worth of $6.8 billion, the Kwee brothers have established themselves as leaders in the high-end real estate market. Their portfolio includes prestigious hotels and office buildings, both in Singapore and overseas, making them top contenders in the global luxury real estate space.
Leo KoGuan – $6.7 Billion | Technology
Leo KoGuan, a low-profile but incredibly successful businessman, has amassed a net worth of $6.7 billion through his involvement in technology investments. Born in Indonesia and now a Singapore resident, KoGuan is the founder of SHI International, an IT provider for corporate clients. His keen investment strategies, particularly in tech stocks and companies, have elevated him to one of Singapore’s wealthiest individuals, marking him as a major player in the tech investment world.
Zhang Yong & Shu Ping – $6.5 Billion | Food & Beverage
Zhang Yong, founder of the famous Haidilao hotpot chain, along with his wife Shu Ping, rounds off the top 10 with a net worth of $6.5 billion. The Haidilao brand has become a global sensation, with branches worldwide offering an immersive dining experience that has transformed the food and beverage industry. Their business acumen has taken the restaurant industry by storm, expanding the chain into numerous international markets, including North America and Europe.
These top 10 businessmen have made an indelible mark on Singapore’s economy through their visionary leadership and business prowess. Their influence spans industries, and their contributions continue to bolster Singapore’s status as a major global economic player.