4 Singaporean billionaires under 50 have $10.3B net worth

Kishin RK, 41

Kishin RK, founder and CEO of property developer RB Capital. Photo courtesy of the World Economic Forum

Kishin RK is Singapore’s youngest billionaire at 41 and also the only son of Singaporean real estate billionaire Raj Kumar, 69.

At the age of 23, Kishin sold an apartment his parent had given him to start his own property firm, RB Capital.

Notable holdings in its portfolio include luxury hotels InterContinental Singapore Robertson Quay and Holiday Inn Express Singapore Clarke Quay.

Kishin is the only billionaire on this list who inherited family wealth, according to The Straits Times.

Together, he and his father own and run a real estate empire consisting of RB Capital and property investment focused group Royal Holdings.

Kishin has a net worth of $1.6 billion as of June 6.

Gang Ye, 44

Gang Ye, co-founder and chief operating officer of Sea Limited. Photo courtesy of the company

Gang Ye is one of the co-founders of gaming and e-commerce giant Sea, Southeast Asia’s largest internet company.

The firm was founded in 2009 as a game developer and publisher named Garena.

Gang, originally from China, served as the firm’s chief technology officer in 2010-16 before becoming its chief operation officer in January 17.

Forbes estimates his net worth to be at $2.9 billion as of June 6.

Forrest Li, 46

Forrest Li, co-founder, chairman and CEO of Sea Limited. Photo courtesy of the company

China-born Forrest Li is another co-founder of Sea and has served as its chairman and CEO since the firm’s foundation.

The tech conglomerate launched Shopee, Southeast Asia's largest e-commerce platform, in 2015.

It has also rolled out digital banking services in Singapore, Indonesia and the Philippines.

In 2021, Li was ranked as Singapore's wealthiest individual in the Bloomberg Billionaires Index, boasting a net worth of $19.8 billion.

However, he lost 80% of his wealth the following year in a market crash that led to over $1 trillion in losses among the world's 500 richest individuals, Business Insider reported.

His net worth is at $4.5 billion as of June 6.

Min-Liang Tan, 46

Min-Liang Tan, CEO and chairman of gaming hardware company Razer. Photo from Min-Liang Tan's Instagram

Min-Liang Tan is the CEO and chairman of gaming hardware giant Razer, a company he co-founded in 2005 after giving up on his law career.

Since then, the company has acquired a huge global following and sold millions of gaming laptops, mice, fitness bands and tablets, according to Forbes.

The firm was listed in Hong Kong in 2017 and went private in 2022 in a deal that valued it at $3.2 billion.

Razer reported a net profit of $46 million and revenue of $1.6 billion in 2021.

Tan’s net worth stands at $1.3 billion as of June 6.