Singapore’s 50 richest worth US$239bil as tech fortunes take a hit
Singapore's 50 richest individuals saw their combined wealth remain stagnant at US$239 billion in 2026. While banking and property sectors performed well, tech-related fortunes declined due to market volatility in companies like Meta and Sea.
Why it matters
This highlights the shifting economic landscape in Southeast Asia, where traditional wealth sectors are currently outperforming the technology sector.
SINGAPORE: The combined wealth of Singapore’s 50 richest remained flat at US$239bil in 2026, as declines in technology-related fortunes offset gains among most of the country’s wealthiest individuals and families.
According to Forbes’ 2026 Singapore’s 50 Richest list, 35 of the 50 listees were wealthier than a year ago, supported by Singapore’s strong economic performance and gains in sectors including banking, property and retail.
Facebook co-founder and longtime Singapore resident Eduardo Saverin retained the top spot for the fourth consecutive year despite his fortune falling US$10.1bil to US$32.9bil.
Forbes attributed the decline to a 25% fall in shares of Facebook parent Meta Platforms over the past year amid higher artificial intelligence infrastructure costs.
Property tycoon Kwek Leng Beng and his family remained in second place, with their fortune rising US$1.8bil to US$16.1bil.
Brothers Robert and Philip Ng retained third place with a combined net worth of US$14.3bil.
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