Felayt
wrote a post · Sep 20, 2022 10:58
Singapore Rich List: Mindray Medical founder reigns as richest man
Wealth of Singapore's 50 richest on Forbes list falls by over 20%
According to Forbes' website, the rising inflation and a plunge in global technology stocks reduced the total wealth of Singapore's top 50 billionaires by more than 20% from a year ago to US$164 billion. Among them was Mindray Healthcare, whose founder
Li Xiting saw his fortune shrink by nearly a third to US$15.6 billion as sales growth slowed and its share price plummeted.
The
Wong brothers, in charge of Singapore's real estate sector Far East Organization, came in second place on Forbes' list of Singapore's wealthiest people by just $400 million, with the duo's fortune bucking the trend in the year.
Mr and Mrs Zhang Yong, the founders of
Hi Di Lao $HAIDILAO (06862.HK)$, who topped the list in 2019-2020, dropped to 6th place this year, with their fortune shrinking by US$11.3 billion to US$7.7 billion.
The top 10 richest in Singapore are:
1. Li Xiting; US$15.6 billion
2. Robert & Philip Ng; US$15.2 billion
3. Goh Cheng Liang; US$13 billion
4. Eduardo Saverin; US$9.6 billion
5. Kwek Leng Beng; US$9.3 billion
6. Zhang Yong & Shu Ping; US$7.7 billion
7. Leo Koguan; US$7.6 billion
8. Khoo family; US$6.9 billion
9. Wee Cho Yaw; US$6.8 billion
10. Kwee brothers; US$5.8 billion
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USleepUDie : The ranking is not meaningless, we can see from the list how the industry has developed in the past two years, for example, the richest Li Xiting, we know that the strength of the medical stock has shown in the past two years because of the pandemic; on the contrary, Haidilao, due to the impact of the epidemic, the restaurant industry has been very volatile. Through this I would probably not consider investing in the restaurant sector, or that the restaurant sector is a relatively unstable investment option.
Felayt OP : Do you think we can get any valuable information for investment through the Rich List?
Young broccoli : Wealth represents success, and the stories of one successful person can inspire those who come after them to chase their fortune. We need healthy role models of wealth to work hard!
jkak : He is not singaporean born and also does not operated business from singapore.
What is your name : better post how to be like them lol
Felayt OP What is your name : i would like to know as well
What is your name Felayt OP :