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Singapore Rich List: Mindray Medical founder reigns as richest man

Forbes released the 2022 Singapore Rich List recently, with Mindray Medical $Shenzhen Mindray Bio-Medical Electronics (300760.SZ)$ founder Li Xi Ting reigning as the richest man in Singapore.
Source: yahoo finance sg
Source: yahoo finance sg
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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