The New Top 10 Richest People in Singapore.
Singapore is one of the most expensive countries, so it might come as no surprise that it’s home to some of the world’s mega-rich. Of the 2,755 wealthiest people on the Forbes 2021 list, 27 of them are Singaporeans. Many of these elite figures belong to famously wealthy Singaporean families who have run multinational companies for generations.
Singapore has a highly developed market economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea, and Taiwan, Singapore is one of the Four Asian Tigers and has surpassed its peers in terms of Gross Domestic Product (GDP) per capita. Between 1965 and 1995, growth rates averaged around 6 percent per annum, transforming the living standards of the population.
Since the beginning of time, this great nation has been able to catapult into being the greatest in the industries that make a country grow. Impeccable individuals from Singapore have created corporations, industries, franchises, and have undertaken humanitarian purposes to capture the minds of the world.
In today’s article, we will take a look at the top 10 richest people in Singapore that have created their wealth through creating employment and rising above the challenges to be who they are now according to Forbes
Without wasting much time let’s dive in.
|Rank||Name of Personality||Estimated Net Worth|
|#3||Colin Zheng Huang||$18.6B|
|#4||Zhang Yong & Shu Ping||$16B|
|#6||Robert & Philip Ng||$14.2B|
|#8||Kwek Leng Beng & family||$8.5B|
|#9||Wee Cho Yaw||$6.8B|
Below is a short bio on the first two richest people in Singapore.
Li Xiting is the founder and Chairman of Shenzen Mindray Bio-Medical Electronics. His medical devices were highly demanded during the Covid-19 pandemic which propelled him to be the richest person in Singapore now.
The co-founder of the most popular social media app Facebook which he started with fellow roommate Mark Zuckerberg. Most of his wealth comes from his valuable stake in Facebook. He is co-founder and Managing Partner of B Capital, which specializes in growth-stage startups investment.
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