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#307 Billionaire

Forrest Li

$9.8B
$-166M (-1.7%)
SG · Age 48
Source of wealth: Online gaming, e-commerce
Industry: media-entertainment
Residence: Singapore, SG
{ "bio": [ "Stanford grad Forrest Li founded and runs online gaming and e-commerce firm Sea, which also has interests in e-payments and financial services.", "Li entered the ranks of Singapore's richest after listing Sea on the New York Stock Exchange in 2017.", "Backed by Tencent, which has a sizable stake, Sea also attracted other investors such as private equity firm General Atlantic and Malaysian billionaire Robert Kuok's son Kuok Khoon Hua.", "In 2023, Sea booked its first-ever annual net profit since its IPO.", "Sea has rolled out digital banking services in Southeast Asia, Taiwan and Brazil." ], "about": [ "When a college tutor couldn't pronounce his Chinese name Xiaodong, Li adopted the name Forrest after watching the movie Forrest Gump.", "Li used to work as a recruiter for Motorola in Shanghai.", "In 2022, Sea shut down its Indian e-commerce unit, citing market uncertainties." ] }

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