[Singapore] - Sea (which owns Shopee) CEO Forrest Li is S'pore's richest person with S$26.6 bil

[UltimaOnline]

Sea Ltd, which owns popular e-commerce platform Shopee, is Southeast Asia's biggest public company, valued at US$120 billion (S$161 billion), according to Nikkei Asia.


Sea Ltd started as a gaming company in 2009 under the name Garena, and launched Shopee in 2015. It rebranded as Sea in 2017.

After winning a digital-banking license in Singapore last year, Sea aims to make further headway in its fintech business, SeaMoney, reported Bloomberg.

Sea Ltd was listed on the New York Stock Exchange in 2017. Its stock price has multiplied more than 20 times since.

Li arrived in Singapore 15 years ago​

Li, who was born in China, arrived in Singapore 15 years ago, with loans of S$100,000 and was only able to rent a room in Braddell, according to CNA.

Li is a naturalised Singapore citizen, and the chairman of Singapore Premier League team Lion City Sailors, which his company bought in 2020.

He also sits on the board of directors of the Economic Development Board, and serves on the board of trustees at the National University of Singapore, according to Sea.

Li first joined the billionaire's club more than two years ago, in March 2019.

Co-founders made Forbes' 2021 Singapore rich list​

Sea's two other co-founders, Gang Ye and David Chen, are also billionaires.

Ye, Sea's chief operating officer is worth S$14.5 billion, and Chen, Shopee's chief product officer is worth S$4.8 billion, according to Bloomberg.

They all feature on the top half of Forbes' 2021 Singapore rich list.


https://mothership.sg/2021/08/forrest-li-richest-singaporean/

 

[syed putra]

I bet no ceca or bumi working in his company.

 

[Semaj2357]

I bet no ceca or bumi working in his company.

hannar, they only deliver parcels for now, not food delivery

 

[syed putra]

hannar, they only deliver parcels for now, not food delivery

They should have gone into food delivery. Grab's revenue 2020 was USD12.4 bil.

 

[Semaj2357]

They should have gone into food delivery. Grab's revenue 2020 was USD12.4 bil.

akan dating, they'll oso pay minimum wages when that happens.
huat ahhhh!

 

[Cottonmouth]

I bet no ceca or bumi working in his company.

Not talented enough even as a cleaner.

 

[LordElrond]

They are still bleeding cash…

 

[syed putra]

Revenue double but lose more money? Sounds l8ke a typical chinese business,

 

[laksaboy]

The 'MOE Labrador Outdoor Adventure Learning Centre' building at Pasir Panjang has been renovated into a new 'Shopback' HQ. You can see the big words 'SHOPBACK' on the front of the building.

I believe long long time ago it was a school building.

 

[blackmondy]

Winnie Xi will be coming after him.

 

[batman1]

He richer than HJ ?

 

[Leckmichamarsch]

I bet no ceca or bumi working in his company.

Smart forest does not yeendian shits nor mudslime wormd

 

[Leckmichamarsch]

Revenue double but lose more money? Sounds l8ke a typical chinese business,

stewpig mudslimes gave credit by instalment

 

[eatshitndie]

double lucky for him to escape the clutches of xia xuay xi by becumming sinkie shitizen and ipo’ing company on nyse. if listed on sgx, sure becum 69c penny stock.