Eduardo Saverin tops Forbes’ Singapore’s 50 richest for 4th year, even as tech tycoons’ fortunes slide
Eduardo Saverin remains the wealthiest person in Singapore for the fourth consecutive year, despite a decline in his net worth due to falling Meta Platforms stock. The list highlights a broader trend of sliding fortunes for tech tycoons amid rising infrastructure costs.
Why it matters
It provides insight into the shifting wealth distribution and economic performance of major tech investors in the Asian market.
Eduardo Saverin, co-founder of Meta Platforms, retained pole position for the fourth consecutive year.
Listen SINGAPORE – Singapore’s tycoons saw their collective wealth remain flat at US$239 billion (S$304 billion), unchanged from a year ago.
Forbes’ 2026 list of Singapore’s 50 richest noted that while 35 listees are wealthier than a year ago, tech-related fortunes decl ined.
Eduardo Saverin, co-founder of Meta Platforms, retained pole position for the fourth consecutive year, despite his net worth falling US$10.1 billion to US$32.9 billion.
Shares of Facebook parent Meta Platforms fell 25 per cent over the year, hit by a 14 per cent drop in second-quarter net profit despite revenue jumping 28 per cent, partly due to surging artificial intelligence infrastructure costs.
Real estate magnate Kwek Leng Beng and his family remain the second-richest after adding US$1.8 billion to lift their fortune to US$16.1 billion.
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