5 richest Singaporeans boast over $49B in combined wealth

Goh Cheng Liang, major shareholder of Nippon Paint Holdings

Goh Cheng Liang, shareholder of Nippon Paint. Photo by Singapore Press/Lianhe Zaobao

Goh Cheng Liang, 97, holds a majority stake in Nippon Paint Holdings, one of the world's leading automotive and decorative paint suppliers.

His long-standing business relationship with the Japanese firm began in the late 1950s when it reached out to him to take on the role of its main distributor in Singapore, according to Tatler Asia.

He launched his first paint shop in the city-state in 1955 and became the primary distributor for Nippon Paint in the region by 1962.

Goh topped the Singapore rich list with an estimated net worth of $13 billion as of March 7.

Li Xiting, founder of medical supplier Shenzhen Mindray Bio-Medical Electronics

Li Xiting, founder of medical supplier Shenzhen Mindray Bio-Medical Electronics. Photo courtesy of the company

Li Xiting, 74, hailing from China and a graduate of the University of Science and Technology of China, is the second-richest man in Singapore with a $12.8 billion net worth as of March 7.

He launched Mindray in Shenzhen, China, alongside two partners in 1991 and later took the company public on the New York Stock Exchange in 2016, according to Bloomberg.

The firm employs 18,000 individuals, with roughly 25% focused on research and development, and its products reach more than 190 countries worldwide. It generated a revenue of 34.9 billion yuan (US$4.9 billion) in 2023.

Last April, Mindray expanded its portfolio by acquiring a 21% share in APT Medical, a cardiology equipment manufacturer also based in Shenzhen, for over $900 million.

Forrest Li, founder of internet firm Sea Limited

Forrest Li, founder and chairman of Sea Limited. Photo courtesy of the Singapore National Olympic Council

Forrest Li, 47, co-founded Sea Limited, Southeast Asia’s largest internet company and the parent of e-commerce platform Shopee.

The Singapore-based internet giant reported profits in 2024 for the second consecutive year, driven by the growth of its e-commerce arm and its fintech division, SeaMoney.

Its U.S.-listed shares have soared by over 140% in the past year to $132.46 as of April 2, as reported by The Straits Times.

As a result, his net worth more than doubled from $3.6 billion last year to $8.6 billion in 2025.

He is the only billionaire under 50 among the top five in the city-state.

Philip and Robert Ng, managers of property developer Far East Organization

Philip Ng (center), CEO and chairman of property developer Far East Organization. Photo courtesy of Alpha Singapore

Philip Ng, 66, and his older brother Robert, 73, are the controlling figures behind Far East Organization, Singapore's largest private landlord and property developer.

The company was established by their late father, Ng Teng Fong, who emigrated from China to Singapore in 1934 and later earned the title of "The King of Orchard Road."

Philip serves as the group’s chairman and CEO and manages operations in Singapore.

His net worth stood at $7.4 billion as of March 7.

Robert Ng Chee Siong (left), chairman of Hong Kong property development conglomerate Sino Group, attends a press conference in Hong Kong, China, Oct. 23, 2013. Photo by Imaginechina via AFP

Robert, meanwhile, is the chairman of the group’s Hong Kong arm, Sino Group. He manages it along with his son, Daryl Ng.

He has been actively involved in property investment and development in the city and serves as the executive vice president of the Real Estate Developers Association of Hong Kong.

His net worth was just shy of his brother’s, at $7.3 billion.