Out of Singapore’s 49 billionaires, only six are below 50 years old; however, these six together amass a fortune worth $19.8 billion, as per Forbes’ 2025 ranking.
Kishin RK, 41
|
|
Kishin RK, the founder and CEO of property developer RB Capital. The photo is provided courtesy of the World Economic Forum. |
Kishin RK, the lone heir of 70-year-old Singaporean real estate tycoon Raj Kumar, is the single person on the list who has inherited familial riches.
Even though he hails from an affluent upbringing,
Kishin has forged his own route.
, establishing profitable enterprises that have concurrently fortified his father’s company.
In 2003, he became part of the family business before venturing out independently. He used the 5,000-square-meter apartment bestowed upon him by his parents to start the real estate firm RB Capital.
Tatler Asia
.
Ever since, he has collaborated with his father on multiple ventures aimed at growing their real estate portfolio.
The duo’s empire, made up of Kishin’s RB Capital and Kumar’s Royal Holdings, now oversees a property portfolio in Singapore valued at around $10 billion, including office towers, malls, and hotels.
Among their flagship assets are the Holiday Inn Express Clarke Quay, Holiday Inn Singapore Little India, and InterContinental Singapore Robertson Quay.
The city-state’s youngest billionaire boasts a net worth of $1.6 billion as of March 7, according to
Forbes
.
Sea Limited’s three co-founders, 44-47
|
|
The three co-founders of Sea Limited: (from left) Forrest Li, Gang Ye, and David Chen. Photo courtesy of the company |
All
the three founders of the major tech company Sea Limited
The founders of the Shopee e-commerce platform, who are part of Sea Group, are among the world’s billionaires under 50 years old.
Forrest Li, who serves as both Chairman and CEO and is 47 years old, topped the list with a net worth of $8.6 billion, closely trailed by Chief Operating Officer Gang Ye, aged 44, at $5 billion.
David Chen, who is also 44 years old, made his way back into the ranks of billionaires this year with a fortune of $1.5 billion, an increase from $870 million since September.
The group arrived in the city-state from China; Chen and Ye relocated there during their teenage years via government scholarship initiatives aimed at attracting international talents. In contrast, Li moved to Singapore following his spouse after finishing his MBA at Stanford University, according to reports.
Bloomberg
.
The sea thrived throughout the Covid-19 pandemic, largely due to its widely played mobile game Free Fire and Shopee, propelling Li to become Singapore’s wealthiest individual in 2021, amassing a net worth of $22 billion.
However, his wealth dropped by $17 billion during the subsequent market crash. This event also significantly diminished Ye’s finances and led to Chen losing his billionaire status.
Recently, their fortunes have recovered, coinciding with Sea’s first annual profit for the entire year 2023, which amounted to a net income of $163 million from revenues totaling $13.1 billion.
The firm continued to grow in 2024, with net profit reaching $447.8 million and revenue climbing to $16.8 billion.
Min-Liang Tan, 47
|
|
Min-Liang Tan, co-founder and CEO of Razer, attends the debut of the company at the Hong Kong Exchanges in Hong Kong, China, Nov. 13, 2017. Photo by Reuters |
Min-Liang Tan
left his law career
to co-found gaming hardware and lifestyle brand Razer in 2005.
The company went public on the Hong Kong Stock Exchange in 2017 and, at the time, made Tan Singapore’s youngest self-made billionaire at age 40.
In 2022, he led a consortium to take Razer private in a deal valuing it at $3.2 billion. Before its delisting, the firm reported a net profit of $46 million and $1.6 billion in revenue for 2021.
Tan has said his long-term goal is to keep Razer at the forefront of innovation and deepen its ties with the gaming community.
His net worth stood at $1.6 billion as of March 7.
Teo Swee Ann, 49
|
|
Teo Swee Ann, Espressif’s Founder and CEO. Photo courtesy of the company |
Teo Swee Ann, the founder and CEO of Shanghai-based semiconductor company Espressif Systems, makes her debut on this year’s billionaires list.
The firm is most recognized for its leading ESP32 microchips, which drive an extensive array of devices such as speakers, wearable tech, and household electronics.
Teo holds a master’s degree in electrical engineering from the National University of Singapore. Before striking out on his own in 2008, he had worked at U.S. chipmakers Transilica and Marvell, as well as China’s Montage Technology.
He first joined the list of Singapore’s 50 richest in 2020 with a net worth just shy of the billion-dollar mark.
Teo eventually crossed the milestone and entered the billionaire ranks with a net worth of $1.5 billion as of March 7.
Leave a Reply