Because of this, it is no wonder there are so many billionaires living in Singapore and that Forbes has counted 28 of them with an excess of 1 billion dollars in net worth. After graduation, he moved to Singapore and went on to establish Garena in 2009, with the help of mentorship and investment from Tencent. The couple opened a family office, Sunrise Capital Management, in Singapore last year to manage their wealth. While the worldwide billionaire population was down 5.4% in 2018, it grew by 4% in the U.S., according to Wealth-X. ~Interview with Zhang Yong at a conference for Chinese entrepreneurs in Zhengzhou, Henan. In fact, it was reported in by Credit Suisse Research Institute Global Wealth Report that Singapore had 184,000 millionaires (in US dollar terms) in 2018, an 11% increase from the year before. Singapore is known for its business friendly nature and its desire to grow, it also has a reputation for being hands off when it comes to economic policies. ron sim He was known as the “King of Orchard Road” for developing: Despite his fortune, he had a reputation for leading a frugal and simple lifestyle. These life-saving devices are critical in the fight against COVID-19 as COVID-19 patients whose lungs have been attacked by the virus require these devices to survive. Forbes 2016 list. kishin rk The brothers Robert and Philip Ng are best known for their controlling stake in Far East Organisation (FEO), Singapore’s largest private property developer and sponsor of the Far East Hospitality Trust REIT. The restaurant chain went public in September 2018, and has more than 400 outlets in China, the United States, Japan, South Korea and Singapore today. Father-son pair Raj Kumar and Kishin RK, who founded Royal Holdings and RB Capital Group respectively, share a net worth of US$2.8 billion between them. *All net worth figures are accurate as at 10 August 2020, as extracted from the Forbes Real-Time Leaderboard List which actively tracks the net worth of the richest people around the world. This provided him with the business skills and grit that served him well over the years. Self-Made Billionaires. Sign up for our newsletters to get all our top stories delivered. The company raised US$1 billion($1.37 billion) and was valued at about roughly US$12 billion (S$16.47 billion). (Related: How The World's Richest are Responding to the Covid-19 Pandemic), #875 Kwek Leng Kee, board member of Hong Leong Finance and assistant managing director of Hong Leong HoldingsNet worth: US$2.4B, #1001 Kuok Khoon Hong, co-founder of WilmarNet worth: US$2.1B, #1135 Forrest Li, co-founder, chairman and group chief executive officer of SeaNet worth: US$1.9B, #1196 Peter Lim, private investor of Rowsley, Valencia CF, Thomson Medical GroupNet worth: US$1.8B, #1196 Zhao Tao, chairman of Shandong Buchang PharmaceuticalsNet worth: US$1.8B, #1335 Sam Goi, chairman of Tee Yih Jia Food ManufacturingNet worth: US$1.6B, #1335 Asok Kumar Hiranandani, founder and chairman of Royal Group of CompaniesNet worth: US$1.6B, #1613 Kwek Leng Peck, executive chairman of Hong Leong AsiaNet worth: US$1.3B, #1613 Lim Oon Kuin, founder of Hin Leong TradingNet worth: US$1.3B, #1613 Oei Hong Leong, chairman of Chip Lian InvestmentsNet worth: US$1.3B, #1730 Ron Sim, founder of Osim InternationalNet worth: US$1.2B, #1730 Gang Ye, co-founder and group chief operating officer of SeaNet worth: US$1.2B, #1730 Zhong Sheng Jian, chairman of Yanlord LandNet worth: US$1.2B, #1851 Chang Yun Chung, co-founder of Pacific International LinesNet worth: US$1.1B, #1851 Chua Thian Poh, founder of Ho Bee LandNet worth: US$1.1B, #1851 Koh Wee Meng, founder, executive chairman and CEO of Fragrance Group,Net worth: US$1.1B, Wealth & Giving Jason Chang is the co-founder and chairman of ASE, a provider of independent semiconductor assembling and test manufacturing services. 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