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Nippon Paint tycoon tops Forbes' list of richest S'poreans
The Straits Times
|April 03, 2025
He is one of 49 from the Republic to make the list with a combined net worth of $195b
Paint tycoon Goh Cheng Liang clinched the top spot among Singapore's richest, according to Forbes' annual list of global billionaires released on April 1.
Joining him are medical devices company founder Li Xiting in second place and tech billionaire Forrest Li in third.
The trio are among 49 Singaporean billionaires who made it to the list, up from 39 in 2024. Globally, they are ranked 182nd, 185th and 347th, respectively.
Singapore's billionaires' collective net worth came to US$145.2 billion (S$195 billion) in 2025, compared with US$115.5 billion in 2024.
Mr Goh, who holds a majority stake in Japan's Nippon Paint Holdings, overtook Mr Li Xiting, co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics, to claim the top spot with a net worth of US$13 billion.
Mr Li Xiting, who topped the local list in 2024, has a net worth of US$12.8 billion.
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