Amidst the global economic slowdown, we see an additional four billionaires from Singapore making this year's list
The world’s economy has taken a hit from the Covid-19 pandemic, and even the richest are not spared. While this year’s Forbes World’s Billionaires List saw 26 billionaires from Singapore make the list—an increase from last year’s 22—many individuals have seen a significant drop in their net worth.
Restauranteur Zhang Yong, who rose to the top spot in Forbes Singapore’s Richest List 2019 with a net worth of US$15.9 billion last September still holds the title of Singapore’s richest—albeit with a lower net worth of US$11 billion. He is followed closely by Robert and Philip Ng of Far East Organisation with a net worth of US$10.9 billion, which also decreased from last year’s US$12 billion.
Read on to find out more about the Singaporean billionaires that made Forbes’ 2020 list.