SINGAPORE, Aug 12 — The combined net worth of Singapore’s 50 richest people rose by 25 per cent over the past year to US$208 billion from US$167 billion last year, Forbes said in its annual list of the world’s wealthiest tycoons.
The list also includes foreign citizens with business, residential or other ties to Singapore, or citizens who do not reside in Singapore but have significant business here or other ties to the Republic.Tan, the Malaysia-born co-founder of Grab, debuted in Singapore’s rich list at number 47 with a net worth of US$790 million.
The 45-year-old, who has been based in Singapore since 2019, entered the list at number 22 with a net worth of US$1.9 billion. The initial public offering last October raised more than S$470 million, boosting the company’s market value to S$1.9 billion. Li is the founder of Shenzhen Mindray Bio-Medical Electronics, which makes high-tech medical devices.
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