Hotpot billionaire Zhang Yong ousts Far East's Ng brothers to top Forbes list of Singapore's richest

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SINGAPORE - Consumers' love for hot pot has propelled Haidilao founder Zhang Yong to the top of the 2019 Forbes Singapore Rich List, with a net worth of US$13.8 billion (S$19.17 billion).. Read more at straitstimes.com.

SINGAPORE - Consumers' love for hot pot has propelled Haidilao founder Zhang Yong to the top of the 2019 Forbes Singapore Rich List, with a net worth of US$13.8 billion .

Mr Zhang, who was previously featured among China's richest, is now a naturalised Singapore citizen and resident. His company is also increasingly global in its expansion, Forbes Asia noted. Facebook billionaire and Singapore resident, Eduardo Saverin saw his fortune fall by US$1.2 billion to come in at number three with a net worth of US$10.6 billion. Mr Saverin retains a minority stake in the social media behemoth, which has been battling investor concerns about user privacy issues.

Other notable listees this year include Forrest Li, who makes his mark as this year's only online gaming billionaire after debuting on the list last year. Mr Li jumps 21 spots to No 21, as his net worth more than doubled to US$1.57 billion from US$738 million previously.

 

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