Out of Singapore’s 49 billionaires, only six are below 50 years old; however, these individuals cumulatively possess $19.8 billion in wealth, as per Forbes’ 2025 rankings.
Kishin RK, 41
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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, stands as the single person on the list who has inherited familial riches.
Although he hails from an affluent upbringing,
Kishin has forged his own route.
, establishing profitable enterprises that have also 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 establish the real estate company RB Capital.
Tatler Asia
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Ever since, he has collaborated with his father on multiple ventures aimed at growing their property portfolio.
The partnership’s enterprise, comprised of Kishin’s RB Capital and Kumar’s Royal Holdings, currently manages a real estate portfolio in Singapore worth approximately $10 billion. This encompasses office buildings, shopping centers, and hotels.
Their premium properties include the Holiday Inn Express Clarke Quay, Holiday Inn Singapore Little India, and InterContinental Singapore Robertson Quay.
As of March 7, the youngest billionaire in this city-state has a net worth of $1.6 billion, according to reports.
Forbes
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The three co-founders of Sea Limited, aged 44 to 47,
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The trio behind Sea Limited consists of (left to right): Forrest Li, Gang Ye, and David Chen. The image provided is 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 under 50 years old, are considered billionaires.
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, who has a fortune valued at $5 billion.
David Chen, who is also 44 years old, made his return to 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
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The sea thrived throughout the Covid-19 pandemic, fueled by its widely popular mobile game Free Fire and Shopee, propelling Li to become Singapore’s wealthiest perorangan in 2021 with an estimated wealth of $22 billion.
However, his wealth dropped by $17 billion during the subsequent market crash, which also erased much of Ye’s riches and led to Chen losing his billionaire standing.
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.
In 2024, the company saw further expansion, achieving a net income of $447.8 million and revenues totaling $16.8 billion.
Min-Liang Tan, 47
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Min-Liang Tan, who serves as both co-founder and CEO of Razer, was present for the company’s launch event at the Hong Kong Exchanges in Hong Kong, China, on November 13, 2017. The photograph was taken by Reuters. |
Min-Liang Tan
left his law career
to co-found gaming hardware and lifestyle merk 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 stated that his overarching aim is to maintain Razer as a leader in innovation and strengthen its connections within the gaming community.
As of March 7, his fortune was valued at $1.6 billion.
Teo Swee Ann, 49
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Teo Swee Ann, the Founder and CEO of Espressif. The photo is provided courtesy of the company. |
Teo Swee Ann, the founder and CEO of Shanghai-listed 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 gadgets.
Teo has earned a master’s degree in electrical engineering from the National University of Singapore. Prior to venturing out independently in 2008, he was employed at American semiconductor companies Transilica and Marvell, along with China-based Montage Technology.
In 2020, he made his debut on Singapore’s list of the 50 wealthiest individuals, with a fortune slightly below the billion-dollar threshold.
Eventually, Teo reached the significant landmark and joined the ranks of billionaires with a net worth of $1.5 billion as of March 7.