- Ji Qi joins Singapore’s richest list
- Collective wealth rises 10% to $195 billion
- Eduardo Saverin remains top with $29 billion net worth
New Faces in the Lion City’s Rich List
Forbes’ 2024 list of Singapore’s wealthiest individuals has welcomed two newcomers. Ji Qi, co-founder of travel booking powerhouse Trip.com, debuted at an impressive 23rd place with a net worth of US$2.35 billion.
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Former hedge fund manager George Raymond Zage III also made his first appearance, securing the 48th spot thanks to his US$900 million fortune, partly derived from his stake in LGBTQ dating app Grindr.
Singapore’s Tycoons Riding High
The collective wealth of Singapore’s richest has surged by 10 percent, reaching a staggering US$195 billion.
Forbes attributes this growth to Singapore’s thriving economy, bolstered by sold-out concerts and the swearing-in of Prime Minister Lawrence Wong in May.
The buoyant stock market has lifted the fortunes of nearly two-thirds of the list’s members, reflecting the city-state’s robust economic climate.
Familiar Faces at the Top
Meta Platforms co-founder Eduardo Saverin retained his crown as Singapore’s wealthiest individual for the second consecutive year, boasting a net worth of US$29 billion.
The Ng brothers of Far East Organisation held onto second place, followed by Shenzhen Mindray Bio-Medical Electronics chairman Li Xiting in third.
City Developments’ Kwek Leng Beng and paint tycoon Goh Cheng Liang rounded out the top five, showcasing the diverse industries driving Singapore’s economic success.
