Singapore's Top 6 Under-50 Billionaires Amass Nearly $20 Billion

Out of Singapore's 49 billionaires, only six are under 50 years old; however, these young individuals cumulatively possess a net worth of $19.8 billion, as per Forbes' 2025 ranking.

Kishin RK, 41

Kishin RK, the founder and CEO of real estate company RB Capital. The image is provided courtesy of the World Economic Forum.

Kishin RK, the lone heir of 70-year-old Singaporean real estate tycoon Raj Kumar, stands out as the only person on the list who has inherited familial riches.

Even though he hails from an affluent upbringing, Kishin has forged his own route. , establishing profitable enterprises that have concurrently fortified his father's company.

In 2003, he became part of the family business prior to venturing out independently. He utilized a 5,000-square-meter apartment bestowed upon him by his parents to establish the real estate firm RB Capital. Tatler Asia .

Ever since, he has collaborated with his father on multiple ventures aimed at growing their property portfolio.

The partnership's enterprise, comprising Kishin's RB Capital and Kumar's Royal Holdings, currently manages a real estate portfolio in Singapore worth approximately $10 billion. This includes properties such as office buildings, shopping centers, and hotels.

Among their flagship assets are the Holiday Inn Express Clarke Quay, Holiday Inn Singapore Little India, and InterContinental Singapore Robertson Quay.

As of March 7, the city-state's youngest billionaire has a reported net worth of $1.6 billion, according to the records. Forbes .

Sea Limited’s three co-founders, 44-47

The three founders of Sea Limited: (left to right) Forrest Li, Gang Ye, and David Chen. The image is provided courtesy of the company.

All the three founders of the major tech company Sea Limited The founders of the Shopee e-commerce platform, who are all billionaires, are under 50 years old.

Forrest Li, who serves as both Chairman and CEO at 47 years old, topped the list with a net worth of $8.6 billion, closely trailed by Chief Operating Officer Gang Ye, aged 44, at $5 billion.

David Chen, who is also 44 years old, regained his spot among billionaires this year with a fortune of $1.5 billion, an increase from $870 million since September.

The group arrived in the city-state from China; Chen and Ye relocated there during their teenage years via government scholarship initiatives aimed at attracting international talents. In contrast, Li moved to Singapore following his spouse after finishing his MBA at Stanford University, according to reports. Bloomberg .

The sea thrived throughout the Covid-19 pandemic, fueled by its widely played mobile game Free Fire and Shopee, propelling Li to become Singapore’s wealthiest individual in 2021 with an estimated wealth of $22 billion.

However, his wealth dropped by $17 billion during the subsequent market crash, which also erased much of Ye’s riches and led to Chen losing his billionaire status.

Recently, their fortunes have recovered, coinciding with Sea's first annual profit for the entire year 2023, which amounted to a net income of $163 million from revenues totaling $13.1 billion.

In 2024, the company saw further expansion, achieving a net profit of $447.8 million and boosting revenues up to $16.8 billion.

Min-Liang Tan, 47

Min-Liang Tan, who serves as both co-founder and CEO of Razer, was present for the company’s launch event at the Hong Kong Exchanges in Hong Kong, China, on November 13, 2017. The photograph was taken by Reuters.

Min-Liang Tan left his law career To co-found the gaming hardware and lifestyle company Razer in 2005.

In 2017, the firm listed on the Hong Kong Stock Exchange, which at the time crowned Tan as Singapore’s youngest self-made billionaire at the age of 40.

In 2022, he headed a group that acquired Razer through a privatization deal worth $3.2 billion. Prior to being taken off the stock market, the company announced a net income of $46 million and revenues totaling $1.6 billion for the year 2021.

Tan has stated that his ultimate aim is to maintain Razer as a leader in innovation and strengthen its connections within the gaming community.

As of March 7, his wealth amounted to $1.6 billion.

Teo Swee Ann, 49

Teo Swee Ann, the Founder and CEO of Espressif. The photo is provided courtesy of the company.

Teo Swee Ann, the founder and CEO of Shanghai-based semiconductor company Espressif Systems, makes her debut on this year’s billionaires list.

The firm is most recognized for its leading ESP32 microchips, which drive an extensive array of devices such as speakers, wearable tech, and household gadgets.

Teo possesses a master’s degree in electrical engineering from the National University of Singapore. Prior to venturing out independently in 2008, he gained experience working for U.S.-based semiconductor companies Transilica and Marvell, along with China's Montage Technology.

In 2020, he made his debut on Singapore's list of the 50 wealthiest individuals, with a fortune just below the billion-dollar threshold.

Eventually, Teo surpassed the significant mark and joined the ranks of billionaires with a net worth of $1.5 billion as of March 7th.