File photo of Facebook co-founder Eduardo Saverin
Despite a sluggish economy, the very rich in Singapore have grown wealthier in the past year, according to the latest Singapore Rich List published by Forbes Asia.
In a press release on Thursday (Jul 27), Forbes Asia said Singapore's 50 richest are now collectively worth US$104.6 billion (S$141.9 billion), up 11 per cent compared with the previous year.
Close to two-thirds of the country's 50 richest - those who had a minimum wealth of US$540 million, up from US$455 million the previous year - saw their wealth rise, Forbes Asia said.
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The 10 Wealthiest People in Singapore
Amidst the world’s fluctuating economies, Singapore, although literally one of the smallest nations in the world, has managed to increase its economic growth and is even considered as one of the world’s economic leaders in Southeast Asia today.
Being one of Asia’s primary gateways to the world and one of the most sought after countries by foreign investors, Singapore’s booming economy was already expected. With the odds working in Singapore’s favor, it could only mean more opportunities and success for most of its people. With its economic brilliance, it does not come as a surprise that Singapore is home to the wealthiest and most powerful people in the world.
Forbes has recently released a list of Singapore’s top 40 richest people. To narrow things down, we have taken Forbes’ list and compiled a list of the top 10 richest people in Singapore.
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