Eduardo Saverin tops Singapore’s rich list for third year

The wealth of the Lion City's 50 richest was up 23% in 2025.

The combined wealth of Singapore’s 50 richest on the 2025 Forbes list rose by 23% to $307.9b (US$239b) from US$195b last year.

Eduardo Saverin, cofounder of Meta Platforms (formerly Facebook), topped the list for the third consecutive year, with a net worth of $55b (US$43b).

Real estate tycoon Kwek Leng Beng and his family moved into second place, rising 24% to $18.4b (US$14.3b).

Property siblings Robert and Philip Ng fell to third, with their combined wealth slipping to $18.2b (US$14.1b).

The heirs of paint magnate Goh Cheng Liang, who died in August at 98, debuted in fourth place with $16.9b (US$13.1b). Shares in Nippon Paint Holdings, chaired by his son Goh Hup Jin, rose nearly 30% from a year ago following its purchase of US chemicals firm AOC in 2024.

Li Xiting, head of Shenzhen Mindray Bio-Medical Electronics, rounded out the top five with $16.8b (US$13b), a slight decline from last year.

Other big gainers on the list include internet company Sea’s three cofounders. Gains across its digital entertainment, e-commerce and fintech businesses boosted chairman Forrest Li to sixth place with $14.4b (US$11.2b), COO Gang Ye to 13th with $7.7b (US$6b), and chief product officer of e-commerce arm Shopee David Chen to 28th with $2.6b (US$2b).

Razer chief Min-Liang Tan’s wealth grew to $2.2b (US$1.7b), placing him 33rd.

Two names rejoined the rankings: Teo Swee Ann, founder and chief executive of Shanghai-listed Espressif Systems, whose record 2024 profits restored him to 37th place with $1.9b (US$1.5b)

Henry Ng and his siblings, who control Pan-United, were back at 50th with $1.3b (US$1b) after the cement maker’s shares more than doubled on demand for low-carbon products and AI-driven operations.

($1 = US$0.78)

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