Together, they were worth an estimated US$24.5 billion as of March 1, compared with US$19.8 billion held by last year’s group.
Late tycoon Goh Cheng Liang’s grandchildren, 30-36
The youngest members of the list are five of the late paint tycoon Goh Cheng Liang’s grandchildren, who became billionaires after inheriting his fortune through an uncommon inheritance plan that skipped a generation.
Born in colonial Singapore in 1927, Goh grew up in a cramped shophouse room that he shared with his parents and four siblings. He later helped his brother-in-law sell fishing nets before starting a paint venture and landing a big break when it became the main Singapore distributor of Nippon Paint, one of the world’s largest paint makers, according to The Business Times.
Goh Cheng Liang, founder of Nippon Paint South East Asia (Nipsea). Photo from Nippon Paint Malaysia’s Facebook |
Bloomberg reported that following Goh’s death last August, a 55% stake in Nippon Paint was transferred from his Singapore-based investment firm Wuthelam Holdings to six of his eight grandchildren.
They included April Goh, daughter of his younger son Chuen Jin; Charlotte, Henrietta and Victoria Goh, daughters of his eldest son Hup Jin; and Martin Yuen-An Lavoo and Johan Zhong An Lavoo, children of his only daughter Chiat Jin.
April inherited the largest share, including assets she reportedly holds on behalf of her two siblings, giving her an estimated net worth of $4 billion.
The other five heirs were each worth $1.3 billion. At 30, Victoria is currently Singapore’s youngest billionaire. Forbes lists Martin as a Dutch citizen.
RB Capital founder Kishin RK, 42
Kishin RK is the only son of Singaporean real estate billionaire Raj Kumar. He entered the family business in 2003 before striking out on his own. He launched RB Capital by selling a 5,000-square-meter apartment that his parents had gifted him, according to Tatler Asia.
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Kishin RK, founder of RB Capital. Photo from the World Economic Forum’s website |
Over the years, Kishin and his father have collaborated on multiple projects and together rank among Singapore’s leading landlords.
Their property empire, comprising Kishin’s RB Capital and Kumar’s Royal Holdings, oversees a multibillion-dollar portfolio in Singapore that includes the RB Capital Building, Holiday Inn Express Clarke Quay, Holiday Inn Singapore Little India and InterContinental Singapore Robertson Quay.
Kishin and his father each had an estimated net worth of $1.6 billion.
Sea Limited’s three co-founders, 45-48
Three of Singapore’s under-50 billionaires are the co-founders of internet giant Sea Limited, the parent company of e-commerce platform Shopee.
Chairman and CEO Forrest Li, 48, is the wealthiest of the trio with an estimated net worth of $6.8 billion. He is followed by chief operating officer Gang Ye, 45, at $4 billion and chief product officer David Chen, 45, at $1.2 billion.
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The three co-founders of Sea Limited: (from left) Forrest Li, Gang Ye, and David Chen. Photo from the company’s website |
The three moved to Singapore from China before launching gaming company Garena. The business later expanded into e-commerce and digital financial services, rebranded as Sea and went public on the New York Stock Exchange.
Sea’s rapid growth during the Covid-19 pandemic, fueled by Shopee and hit mobile game Free Fire, propelled Li to become Singapore’s richest person in 2021 with a fortune of $22 billion. A market rout the following year erased much of the founders’ wealth, but their fortunes have since recovered alongside the company’s earnings.
Sea reported a net income of $1.6 billion for 2025, up 3.6-fold from a year earlier, while revenue climbed 36% year-on-year to $22.9 billion.
Razer founder Min-Liang Tan, 48
Min-Liang Tan gave up a career in law to co-found gaming hardware and lifestyle brand Razer in 2005.
The company debuted on the Hong Kong Stock Exchange in 2017, making then-40-year-old Tan Singapore’s youngest self-made billionaire.
Five years later, he led a consortium that took Razer private in a deal valuing the company at $3.2 billion.
Over the last two decades, Tan has transformed Razer into a global name, with popular products such as the BlackShark headset and BlackWidow keyboard, and amassed a net worth of $1.7 billion.
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Singaporean billionaire Min-Liang Tan, CEO and co-founder of gaming firm Razer. Photo from Tan’s Facebook |
Razer has also pushed into artificial intelligence, investing more than $600 million in AI development. It has rolled out several AI offerings, including Project Motoko, an AI headset unveiled in January that offers real-time translation, cooking assistance and repair guidance.
Its other AI products include a workstation built for intensive AI workloads and Ava, an AI desktop companion, CNBC reported.
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