49 S’poreans are on Forbes’ 2025 Billionaire List. Who’s new & who are the top 10?

The Forbes 2025 list of the world’s richest people, which was released today (April 3), revealed that there are now more billionaires than ever: 3,028 in all, 247 more than last year.

Collectively, their net worth has skyrocketed to a staggering US$16.1 trillion, marking a massive increase from the US$2 trillion in 2024.

And the richest among them all is Tesla’s Chief Executive, Elon Musk, who took the crown this year with his total net worth valued at US$342 billion.

The 53-year-old is followed by three tech powerhouses: Meta CEO Mark Zuckerberg, coming in second at US$216 billion, followed by Amazon founder Jeff Bezos at US$215 billion and Oracle CTO Larry Ellison at US$192 billion.

Among the world’s wealthiest, 49 Singaporeans have also made this year’s Forbes list—and out of the 49, we have compiled a list of the 10 wealthiest Singaporeans, and the five new entrants.

Here’s the list:

1. Goh Cheng Liang

Image Credit: Ghoul

Ranked #182 globally, Goh Cheng Liang is known to make most of his wealth from a majority stake in Japan’s Nippon Paint Holdings, which is the world’s fourth-largest paint manufacturer by revenue.

According to the list, the 97-year-old’s total net worth is valued at US$13 billion, an increase from US$12.7 billion in 2024, though his ranking dropped from #154 last year.

2. Li Xiting

Image credit: mindray

Following closely behind Goh is Li Xiting, the co-founder of medical devices supplier Shenzhen Mindray Bio-Medical Electronics.

Li’s total net worth is valued at US$12.8 billion this year and ranks at #185 globally, a decrease from his US$15.1 billion in 2024, when he earned the title of the wealthiest Singaporean of the year.

3. Forrest Li

Image Credit: Olympic Council of Asia

The third richest Singaporean on the list is Forrest Li, Chairman and CEO of Singapore’s first tech unicorn, Sea Limited—the company behind recognisable businesses such as gaming entertainment company Garena, ecommerce giant Shopee, and digital bank MariBank.

The Stanford graduate is ranked at #347 globally, with his total net worth valued at US$8.6 billion, a sharp increase from US$3.6 billion in 2024.

4 & 5. Philip and Robert Ng

Philip Ng (pictured left) and Robert Ng (pictured right)/ Image Credit: Tatler

A duo no stranger to the list, Philip and Robert Ng are Singapore’s fourth and fifth richest Singaporeans. The brothers are known to control Far East Organization—Singapore’s largest private landlord and property developer.

Both brothers’ total net worth increased from the 2024 list. Philip, the younger brother of the duo, is ranked #430 globally, with his total net worth valued at US$7.4 billion, and his older brother, Robert, is not too far behind at US$7.3 billion, ranking #443 globally.

6. Jason Chang

Image Credit: Nikkei Asia

The only person in their 80s in the top 10, Jason Chang is the chairman of Taiwan’s ASE Technology Holding, a provider of independent semiconductor assembling and test manufacturing services.

While his total net worth remains at US$6.6 billion, his global ranking dropped from #417 in 2024 to #512 this year.

7. Zhang Yong

Image Credit: Forbes

The seventh richest Singaporean and #512 on the list is Zhang Yong, the Chinese-born Singaporean business magnate behind the Haidilao restaurant group.

The 54-year-old’s total net worth increased by more than US$2 billion this year, reaching a total of US$6.6 billion—up from US$4.9 billion last year.

8. Gang Ye

Image Credit: Sea Limited

The second person from Sea Limited to make the list is Gang Ye, the second co-founder of the Singaporean tech conglomerate and its Chief Operating Officer.

Gang earned the title of the eighth richest Singaporean on the list, ranking #717 globally and has a total net worth of US$5 billion this year.

9. Jason Jiang

Image Credit: Deposit photos

Coming in at #902 is Jason Jiang, the founder, chairman and CEO of Alibaba-backed Chinese outdoor advertising firm Focus Media Information Technology.

While the 52-year-old’s total net worth increased to US$4 billion from US$3.7 billion in 2024, his ranking dropped drastically from #871 last year.

10. Kwek Leng Beng

Image Credit: Hong Leong Group

The final inductee to the top 10 richest Singaporeans is Kwek Leng Beng, the Chairman and Executive Director of Hong Leong Group, which was founded by his father in 1941.

Ranking at #979 globally, Kwek’s total net worth is valued at US$3.7 billion, a slight increase from US$3.4 billion in 2024.

The hotel and property tycoon leads the group’s real estate company, City Developments Limited, and has made headlines recently due to an internal dispute.

Five Singaporeans made their debut on this year’s list. Who are they?

(L-R): Teo Swee Ann, George Raymond Zage III, Lim Chap Huat / Image Credit: Espressif Systems, M Ventures, Soilbuild Group Holdings

This year’s list also sees five new Singaporean entrants, each coming from multiple industries.

The first is Teo Swee Ann, the founder and CEO of Shanghai-listed semiconductor firm Espressif Systems. He’s ranked #2233 on the list, with his total net worth at US$1.5 billion.

Coming in at #2623 is Lim Kaling, an early investor and non-executive director of Singapore mainstay tech brand Razer. His total net worth is US$1.2 billion.

And tied at #2790 with net worths of US$1.1 billion each on the list are three Singaporeans making notable strides in their respective industries:

1. Expat turned citizen George Raymond Zage III, the founder and CEO of Singapore-based investment firm Tiga Investments,
2. Lim Chap Huat, the co-founder and Chairman of construction engineering firm Soilbuild Group Holdings, which is known for developing and building residential and industrial properties, and
3. Quek Leng Chye, who is the managing director of Hong Leong Holdings, the property development and investment arm of Hong Leong Group.

• Read more articles we’ve written on Singaporean businesses here.

Featured Image Credit: Tatler Asia/ mindray/ Vulcan Post