Chinese Migrants Make the Top 10 of Singapore’s Forbes Billionaire List

Naturalized Singaporeans from China have attained a significant presence on the list of the country’s top 10 billionaires, according to the latest edition of Forbes’ annual The World’s Billionaires.

With a net worth of $17.2 billion, Li Xiting, co-founder of Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (300760.SZ), tops the country’s ranking, even as his position on the global list fell to 94th, down from 82nd in 2021.