Singapore’s Billionaire Club Grows To 49 And Here’s 5 We Know About

According to Forbes’ 2025 annual list of global billionaires, Singapore is home to 49 billionaires, a notable increase from the 39 recorded in 2024. The collective wealth of these individuals has also seen a significant rise, reaching a total of US$145.2 billion in 2025, up from US$115.5 billion the previous year.

This growth highlights Singapore’s continued status as a magnet for wealth, attracting high-net-worth individuals from around the world. The city-state’s stable political environment, sophisticated financial services, and strategic location in Asia contribute to its appeal as a global hub for business and a preferred residence for the ultra-rich. The influx of new billionaires in 2025, many of whom are from the tech and finance sectors, further solidifies this trend.

Here are the top billionaires in Singapore, along with a brief overview of their background and source of wealth:

1. Goh Cheng Liang: The paints tycoon holds the top spot as Singapore’s richest man. His fortune stems from a majority stake in Japan’s Nippon Paint Holdings, one of the world’s largest paint manufacturers. Goh started his journey in the paint industry by launching his own small factory in Singapore before partnering with Nippon Paint, a collaboration that became the foundation of his immense wealth.