Singapore’s 50 richest hold wealth steady at $303.5b as tech fortunes dip

Eduardo Saverin remains number one at $41.8b (US$32.9b) despite a wealth decline.

The combined wealth of Singapore’s 50 richest people and families remained unchanged at $303.5b (US$239b) this year, according to Forbes’ 2026 list.

Overall, 35 of the 50 listees were wealthier than a year ago, although several technology fortunes declined.

Eduardo Saverin retained the top spot for the fourth consecutive year, even as his wealth fell by $12.8b (US$10.1b) to $41.8b (US$32.9b). Forbes attributed the decline to a 25% drop in shares of Meta Platforms over the past year.

Kwek Leng Beng and family remained second with $20.4b (US$16.1b), up $2.3b (US$1.8b), whilst Robert and Philip Ng held third place with a combined $18.2b (US$14.3b).

The Lee family ranked fourth and recorded the largest increase in both dollar and percentage terms, driven by its stake in Oversea-Chinese Banking Corp. Its wealth rose 78% to $17.5b (US$13.8b), as OCBC shares nearly doubled over the past year.

The Goh family of Nippon Paint Holdings placed fifth with $17.1b (US$13.5b), up from $16.6b (US$13.1b) last year.

The Wee family ranked sixth with $15.2b (US$12b), followed by the Khoo family with $14b (US$11b). Li Xiting placed eighth with $12.7b (US$10b), whilst Leo Koguan ranked ninth with $10.4b (US$8.2b).

Forrest Li rounded out the top 10 with a net worth of $9.8b (US$7.7b).

However, the combined wealth of Sea cofounders Li, Gang Ye and David Chen fell by $7.4b (US$5.85b) after Sea shares dropped by nearly a third from a year earlier.

Forbes said competition from rivals including TikTok Shop weighed on the company, whilst margins in its e-commerce business were squeezed.

Ye ranked 14th with $5.5b (US$4.3b), whilst Chen placed 44th with $1.7b (US$1.35b).

Forbes calculated the rankings using stock prices and exchange rates as of 14 August.

$1 = $0.79