Singapore, the “Lion City,” is more than just a bustling metropolis and a global hub for trade and finance; it is a magnet for immense wealth. Its political stability, strategic location, business-friendly policies, and robust banking secrecy laws have made it a preferred home for billionaires from across Asia and the world. The list of Singapore’s wealthiest is a fascinating mix of native tycoons who built their empires from the ground up and naturalized citizens who have chosen the city-state as the base for their global operations.
Projecting wealth into 2025 requires analyzing current fortunes, corporate trajectories, and the shifting sands of the global economy—from tech booms and real estate cycles to the stability of traditional industries. This list forecasts the individuals who are expected to command the greatest fortunes in Singapore by 2025, delving into the sources of their wealth and the factors that will drive their financial growth.
The Titans of the Lion City: Top 10 Richest Men in Singapore (2025 Projection)
1. Li Xiting
Estimated Net Worth (2025): $20 – $22 Billion
Source: Medical Technology (Shenzhen Mindray Bio-Medical Electronics)
While born in China, Li Xiting is now a naturalized Singaporean citizen and consistently ranks as the wealthiest person in the country. He is the co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, China’s largest medical device maker. Mindray produces a wide range of products, including patient monitors, ventilators, defibrillators, and laboratory equipment.
The COVID-19 pandemic caused a massive, albeit temporary, surge in demand for Mindray’s ventilators and life-support systems, catapulting Li’s wealth to new heights. While that specific demand has normalized, the underlying trend is powerful: China’s rapidly aging population and its government’s ongoing investment in upgrading healthcare infrastructure nationwide provide Mindray with a immense and growing domestic market. Furthermore, Mindray is expanding aggressively internationally, challenging Western giants like Medtronic and Siemens Healthineers. By 2025, this continued global expansion and deep penetration in China is expected to keep Li Xiting securely at the top of Singapore’s wealth list.
2. Goh Cheng Liang
Estimated Net Worth (2025): $18 – $20 Billion
Source: Paints & Coatings (Wuthelam Holdings / Nippon Paint)
The story of Goh Cheng Liang is a quintessential Singaporean rags-to-riches tale. He started his career as a poor immigrant and built a paint manufacturing empire from a small trading shop. His company, Wuthelam Holdings, became a powerhouse in the region. His masterstroke was a joint venture formed decades ago with Japan’s Nippon Paint Holdings, creating Nippon Paint Singapore, which is now the leading paint supplier in Southeast Asia.
In a monumental deal finalized in 2021, Wuthelam took full control of the Asian joint ventures and became Nippon Paint’s largest shareholder. This consolidation created a global paint behemoth. Goh’s fortune is directly tied to the performance of Nippon Paint, which benefits from relentless urbanization and construction across Asia. The demand for decorative and industrial paints is a direct bet on global economic development, making his wealth incredibly stable and poised for steady growth through 2025.
3. Eduardo Saverin
Estimated Net Worth (2025): $17 – $19 Billion
Source: Facebook (Meta Platforms)
The Brazilian-born co-founder of Facebook, Eduardo Saverin, renounced his U.S. citizenship and moved to Singapore in 2012, just before the social media giant’s IPO. This strategic move cemented his status as a permanent and prominent member of Singapore’s ultra-wealthy community. His fortune stems from his early, small but crucial, stake in Meta Platforms.
While Meta faced challenges in 2022, its continued focus on profitability, its dominance in advertising, and its massive bets on AI and the metaverse mean its stock—and by extension Saverin’s wealth—is expected to remain highly volatile but with significant growth potential. Saverin is not just passively holding stock; he has become a prolific venture capitalist in Singapore and Southeast Asia, investing in hundreds of tech startups through his firm, B Capital Group. This dual engine of Meta stock and VC investments positions his wealth for strong performance through 2025.
4. Robert & Philip Ng
Estimated Net Worth (2025): $16 – $18 Billion (Combined)
Source: Real Estate (Far East Organization)
The Ng brothers, Robert and Philip, oversee the vast real estate empire founded by their father, Ng Teng Fong. Robert runs Far East Organization in Singapore, the largest private property developer in the country. Philip runs the sister company, Sino Group, in Hong Kong. Together, they control a staggering portfolio of residential, commercial, hotel, and industrial properties across the two financial hubs.
Real estate in Singapore remains a bedrock of wealth. Despite government cooling measures, demand for high-end residential property and prime commercial space remains robust, driven by Singapore’s status as a safe haven for capital. Far East Organization’s strategy of developing integrated townships and landmark properties ensures a continuous pipeline of revenue. The stability and sheer scale of their land bank and rental income guarantee that the Ng family will remain a permanent fixture at the top of Singapore’s wealth pyramid in 2025 and beyond.
5. Zhang Yong & Shu Ping
Estimated Net Worth (2025): $11 – $13 Billion (Combined)
Source: Restaurants (Haidilao International Holding)
The husband-and-wife team behind the global hot pot sensation Haidilao revolutionized the restaurant industry not just with their food, but with their unparalleled customer service. Zhang Yong and Shu Ping took their Singapore-listed company from a single shop in China to a worldwide phenomenon.
The pandemic was a brutal stress test for the restaurant industry, and Haidilao was not immune, undergoing a period of restructuring. However, the company’s strong brand loyalty and a successful “Super App” strategy that leverages its massive membership base for off-premise dining have driven a remarkable recovery. As the global love for experiential dining and Chinese cuisine continues to grow, Haidilao’s expansion into new markets and its refinement of its store network are expected to power a strong rebound in its valuation by 2025, restoring much of the couple’s wealth.
6. Kwek Leng Beng
Estimated Net Worth (2025): $10 – $12 Billion
Source: Real Estate, Hotels (City Developments Limited, Hong Leong Group)
As the executive chairman of City Developments Limited (CDL), Kwek Leng Beng is a titan of Singaporean real estate. CDL is one of the world’s largest international real estate operating companies, with a global footprint in over 100 locations. Its portfolio includes hotels (through its ownership of Millennium & Copthorne), residential properties, offices, and integrated developments.
The post-pandemic recovery of global travel and tourism is the key catalyst for Kwek’s wealth in 2025. The rebound in hotel occupancy rates and luxury travel directly benefits his massive hotel chain. Furthermore, CDL’s development arm continues to be a major player in Singapore’s resilient property market. His family’s controlling stake in the Hong Leong Group, a vast financial conglomerate, provides additional depth and stability to his fortune.
7. Gang Ye
Estimated Net Worth (2025): $9 – $11 Billion
Source: E-commerce (Sea Limited)
As a co-founder and Chief Operating Officer of Sea Limited, Gang Ye has been a key architect of one of Southeast Asia’s most incredible tech success stories. Sea started as a gaming company (Garena) and expanded into e-commerce (Shopee) and digital financial services (SeaMoney). While Sea’s stock experienced a dramatic boom and bust cycle post-COVID, the company has now pivoted to a new phase: focused profitability.
Shopee remains the dominant e-commerce platform in Southeast Asia and other emerging markets like Brazil. As the company slashes costs and moves toward sustained profitability, investor confidence is expected to return. Gang Ye’s significant stake in this homegrown tech giant, which is deeply intertwined with the region’s digital future, positions him for a significant wealth recovery and growth as Sea matures into a profitable powerhouse by 2025.
8. Forrest Li
Estimated Net Worth (2025): $8 – $10 Billion
Source: E-commerce (Sea Limited)
Forrest Li, the founder, Chairman, and CEO of Sea Limited, shares a similar wealth trajectory with his co-founder Gang Ye. As the visionary leader and the public face of the company, his fortune is intrinsically linked to Sea’s performance. His leadership in steering the company through its growth-at-all-costs phase into its current focus on sustainable growth and profitability will be the defining factor for his net worth.
The potential of Sea’s digital banking and financial services arm, SeaMoney, offers a massive long-term opportunity that the market has yet to fully value. If Sea can successfully demonstrate that it can be both a growth company and a profitable one, a re-rating of its stock could see the fortunes of both Li and Ye climb substantially, solidifying their status as Singapore’s premier tech billionaires.
9. Kwee Brothers
Estimated Net Worth (2025): $7 – $9 Billion (Combined)
Source: Real Estate (Pontiac Land Group)
The four Kwee brothers (Lionel, Cedric, Esmond, and Evan) are the reclusive forces behind the luxurious Pontiac Land Group. Their portfolio is the epitome of quality over quantity, featuring some of Singapore’s most iconic and premium properties. This includes the capricious Capella Singapore resort on Sentosa Island, the stunning Ritz-Carlton, Millenia Singapore hotel, and the Grade-A office tower, One Raffles Link.
Internationally, they own prestigious assets like the Edition Hotels in New York and Miami. Their strategy focuses on the ultra-luxury segment of the market, which is highly resilient to economic downturns. The strong rebound in high-end tourism and the constant demand for prime commercial space in Singapore ensures that their valuable, trophy-asset portfolio will continue to appreciate and generate significant income, maintaining their immense wealth through 2025.
10. Raj Kumar & Kishin RK
Estimated Net Worth (2025): $6 – $8 Billion (Combined)
Source: Real Estate, F&B (RB Capital)
The father-son duo of Raj Kumar and Kishin RK has rapidly ascended Singapore’s wealth ranks. They are the leaders of RB Capital, a real estate investment and development company known for its bold and timely investments. Kishin, in particular, has gained a reputation as a savvy and aggressive investor, snapping up prime commercial and hospitality assets during market downturns, including the iconic Hotel Properties Ltd. portfolio.
Their empire extends beyond real estate into a vast F&B portfolio, representing brands like Wendy’s and Paris Baguette in Singapore. Their wealth is dynamic and entrepreneurial, built on identifying undervalued assets and adding value through active management. As they continue to expand and manage their diverse portfolio, which includes data centers and logistics properties, their combined fortune is projected to grow significantly by 2025.
Conclusion:
An analysis of this list reveals the foundational pillars of extreme wealth in Singapore:
1. Real Estate Dominance: Property development and investment remain the most common source of billion-dollar fortunes, highlighting the city-state’s limited land and its status as a safe asset haven.
2. The Tech Disruptors: Figures like Saverin, Gang Ye, and Forrest Li represent the new economy, showing that Singapore is not just a base for wealth but a hub for creating it in cutting-edge sectors.
3. Global Citizenship: The list is strikingly international, featuring naturalized citizens from China, Brazil, and Indonesia. This underscores Singapore’s role as a magnet for global talent and capital.
4. Industrial & Healthcare Stability: The fortunes of Goh Cheng Liang and Li Xiting are built on essential, non-cyclical industries (paints and healthcare) that provide stable, long-term growth.
As we look to 2025, these titans will continue to shape not only Singapore’s economy but also its skyline and its position on the global stage. Their wealth is a testament to vision, timing, and the unparalleled advantages offered by the Lion City.