Singapore Has a New Richest Person With $20 Billion Fortune

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Singapore Has a New Richest Person With $20 Billion Fortune

Bloomberg2021-08-31

(Bloomberg) -- Forrest Li, Sea Ltd.’s billionaire co-founder, chairman and chief executive officer, has become Singapore’s richest person as shares of his company surged. Li, who was born in China and...

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MiniInvester
·2021-09-01
Keep pumping money why not... ?
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Hoppie
·2021-09-01
[Miser]
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Val準凖
·2021-09-01
Do lucky
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2
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Dreamchaser9
·2021-09-01
Ok
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1
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- MarcO:
  wish everyone to be a billionare someday
  2021-09-01
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Tanyl
·2021-09-01
I will invest in SE shares soon
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2
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replaygoh
·2021-09-01
great
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2
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ShandyTan
·2021-09-01
Shopee ?
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2
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sUs
·2021-09-01
?
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2
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MengKeng
·2021-09-01
Let's also ride on SEA shares and become rich also
Reply
8
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- MengKeng:
  I believe that it will continue to rise, you just have to find a comfortable price, buy and hold for at least a year, that is what I am doing right now as well
  2021-09-01
  Reply
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- WCS1981:
  Too expensive leh
  2021-09-01
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- AndrewL:
  ?
  2021-09-01
  Reply
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FT585
·2021-09-01
Like
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4
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Gaga71
·2021-09-01
Great! The challenge is now to maintain the growth for the shareholders
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6
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nonewiser
·2021-09-01
Wow, in 12 years!!
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2
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KTTS
·2021-09-01
Ok
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3
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seojun
·2021-09-01
Congratulations !!!
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1
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Lain3y
·2021-09-01
Amazing [Wow]
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2
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ping23
·2021-09-01
wow
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HENRYCSC
·2021-09-01
Shopee
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Bustylibra
·2021-09-01
Nice
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Mr Charles
·2021-09-01
Please like
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- JeremyKok:
  hi. please like and comment back. thank you.
  2021-09-02
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hahahayesyes
·2021-09-01
Nice like pls
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- hahahayesyes:
  done, thanks
  2021-09-10
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- JeremyKok:
  hi. please like and comment back. thank you.
  2021-09-02
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The city-state’s second-richest person, paint tycoon Goh Cheng Liang, has a net worth of $17.7 billion.\nIt’s another example of how tech billionaires are climbing up the wealth rankings in countries across Asia. Earlier this year, Brian Kim, the founder of messaging giant Kakao Corp., became South Korea’s richest person.\nSea, Southeast Asia’s most valuable company, has been turning to fintech for further growth beyond gaming and e-commerce, while also expanding beyond the region. It won a digital-banking license in Singapore in December and acquired Indonesia’s PT Bank Kesejahteraan Ekonomi, better known as Bank BKE, people familiar with the matter said in January.\nBoth moves “should allow the group to grow its SeaMoney business beyond payments to include lending, insurance, wealth management and other financial services,” said Nathan Naidu, an analyst with Bloomberg Intelligence.\nSeaMoney, the company’s digital-payments and financial-services business, saw total payments using its mobile-wallet services rise to more than $4.1 billion in the second quarter, up almost 150% from a year earlier, Li said on Sea’s earnings call on Aug. 17. Sea’s revenue rose 159% to $2.3 billion in the period.\nSea’s broader success has been founded on its mobile game Free Fire, which has exceeded 1 billion downloads on Google Play. It’s also been driven by its e-commerce platform, Shopee, which has become the second-most downloaded shopping app on Android and iOS globally, Li said on the earnings call, citing App Annie data.\nSea’s three founders, Li, Gang Ye, and David Chen, started the company in 2009. Ye, chief operating officer, is worth $10.8 billion, while Chen, Shopee’s chief product officer, has a net worth of $3.6 billion.\nSea declined to comment on the executives’ wealth valuations. In late March, the company gave a gift of S$50 million ($37.1 million) to the National University of Singapore to advance research in artificial intelligence and machine learning.\nBloomberg Intelligence analyst Naidu said he remains positive about Sea’s prospects, even after the stock surged more than 20-fold since listing in 2017. He said he expects demand for the company’s services to hold strong after being boosted by the pandemic, and pointed to Shopee’s expansion into Latin American markets including Brazil.\n“After Covid, people have warmed up to digital services and online platforms,” he said. “I don’t think they will completely give up the convenience being offered.”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":816539411,"gmtCreate":1630506679433,"gmtModify":1676530324568,"author":{"id":"3586301571475567","authorId":"3586301571475567","name":"MiniInvester","avatar":"https://static.tigerbbs.com/2f067eaec6a1f22201adef62f619a002","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586301571475567","authorIdStr":"3586301571475567"},"htmlText":"Keep pumping money why not... ?","listText":"Keep pumping money why not... 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lucky","listText":"Do lucky","text":"Do 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everyone to be a billionare <u>someday</u>","text":"wish everyone to be a billionare <u>someday</u>","html":"wish everyone to be a billionare <u>someday</u>"}],"langContent":"EN"},{"id":816928889,"gmtCreate":1630461585041,"gmtModify":1676530309691,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4087109808120260","authorIdStr":"4087109808120260"},"htmlText":"I will invest in SE shares soon","listText":"I will invest in SE shares soon","text":"I will invest in SE shares soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816928889","repostId":2163319158,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":816023245,"gmtCreate":1630456389387,"gmtModify":1676530306884,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582963095283492","authorIdStr":"3582963095283492"},"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816023245","repostId":2163319158,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":816002199,"gmtCreate":1630453670011,"gmtModify":1676530305561,"author":{"id":"3578998994389578","authorId":"3578998994389578","name":"ShandyTan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1,"idStr":"3578998994389578","authorIdStr":"3578998994389578"},"htmlText":"Shopee ?","listText":"Shopee ?","text":"Shopee ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816002199","repostId":2163319158,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":818771785,"gmtCreate":1630453108447,"gmtModify":1676530305276,"author":{"id":"3574914161995189","authorId":"3574914161995189","name":"sUs","avatar":"https://static.tigerbbs.com/20333dcc0f0c43df9ba7c18ce429ae93","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574914161995189","authorIdStr":"3574914161995189"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818771785","repostId":2163319158,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":818726990,"gmtCreate":1630451600710,"gmtModify":1676530304554,"author":{"id":"3582668988155006","authorId":"3582668988155006","name":"MengKeng","avatar":"https://static.tigerbbs.com/daf999525f61ba41d3c13b0ed728eb77","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582668988155006","authorIdStr":"3582668988155006"},"htmlText":"Let's also ride on SEA shares and become rich also","listText":"Let's also ride on SEA shares and become rich also","text":"Let's also ride on SEA shares and become rich also","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/818726990","repostId":2163319158,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5712986,"gmtCreate":1630462139029,"gmtModify":1663233206243,"authorId":3582668988155006,"author":{"id":3582668988155006,"idStr":"3582668988155006","authorId":3582668988155006,"name":"MengKeng","avatar":"https://static.tigerbbs.com/daf999525f61ba41d3c13b0ed728eb77","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 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you just have to find a comfortable price, buy and hold for at least a year, that is what I am doing right now as well"},{"id":5711305,"gmtCreate":1630455843856,"gmtModify":1663233198529,"authorId":3582764273979695,"author":{"id":3582764273979695,"idStr":"3582764273979695","authorId":3582764273979695,"name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818726990,"type":1,"supId":0,"prevId":0,"content":"Too expensive leh","text":"Too expensive leh","html":"Too expensive 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