Singapore’s 50 Richest 2024: A Double-Digit Boost Propels Combined Wealth To $195 Billion
- Kelvin Tan
- Sep 4, 2024
- 1 min read
Singapore’s economy received a boost from sold-out concerts by Taylor Swift and Coldplay, as well as the swearing-in of Lawrence Wong as Prime Minister in May. Positive sentiment helped lift the stock market, raising the net worth of Singapore's 50 richest by over 10% to $195 billion.
Eduardo Saverin, Meta co-founder, remains the wealthiest, adding $13 billion to reach a record $29 billion. Real estate tycoon Kwek Leng Beng climbed to No. 4 with $11.5 billion, while the Wee family entered the top ten after the passing of banking titan Wee Cho Yaw.
Sea’s cofounders saw significant gains after the company turned profitable. Newcomers include Ji Qi of H World Group and George Raymond Zage III, investor in Grindr. Meanwhile, Haidilao’s Zhang Yong & Shu Ping faced losses, and three billionaires dropped off as the minimum net worth rose to $870 million.
Article by Naazneen Karmali and Jane Ho for Forbes. Read more here or in the PDF below.
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