The annual "Forbes" ranking of the richest in Singapore has been announced.
Although the ranking has changed a lot this time, you will find that there are many "new" immigrants from China!
In fact, it’s no secret that celebrities and rich people have favored Singapore over the years.
Cecilia Cheung, Jet Li, Shaoxiong Xu and other celebrity parents chose Singapore at the most important stage of their children’s lives.
Well-known British rich Dyson founder James Dyson, the world’s largest hedge fund, Founder of Bridgewater FundRay Dalio.
The investment community and financial predators Jim Rogers, Eduardo Saverin, one of the founders of Facebook, and other bigwigs have set up a family office in Singapore.
Next, let's take a look at 2021 Forbes Singapore, which are the "new" immigrants from China!
Shortlisted in "Forbes" Singapore Rich List
TOP10 has:
No. 1
Mindray Medical Co-founder Li Xiting
Net worth: $23 billion
Li Xiting, who was naturalized in Singapore in 2018, is a listed company in Shenzhen, China Mindray Medical’s co-founder and chairman .
The company’s stock price has soared since COVID-19, adding $5.2 billion to Li Xiting’s net worth. Ranked No. 1 on the Forbes list of the richest in Singapore with 23 billion US dollars.
4th place
Zhang Yong and Shu Ping, founders of Haidilao
Net worth: US$16 billion
Zhang Yong, the founders of Haidilao, was the richest man in Singapore for Forbes Asia for many years.
Zhang Yong and his wife were naturalized in Singapore in 2018 and became the richest man in Singapore in the second year. This year's "Forbes" ranking slipped to No. 4.
5th place
Li Xiaodong, founder of Donghai Group
Net worth: $15.9 billion
Li Xiaodong is the founder of the game and e-commerce company Sea in Singapore.
The company's three main businesses are e-commerce platform Shopee, electronic game platform Garena, and digital financial services network SeaMoney.
He was originally from Tianjin, China, and is currently a permanent resident of Singapore.
7th place
Ye Gang, founder of Donghai Group
Net worth: $10.3 billion
Ye Gang is also one of the founders of Sea Group.
From China He went to Singapore to study in the 1990s and is now a Singaporean citizen.
Ranked 11th in Singapore’s rich list last year, and this year’s successful jump, Donghai Group has given birth to two top ten rich men.
Shortlisted in "Forbes" Singapore Rich List
TOP50 has:
Donghai Group (Sea) co-founder Chen Jingye ($3.1 billion, ranking 13th) .
Binance(Binance) founder Zhao Changpeng (US$1.9 billion, ranking 34th).
Binance, founded by Changpeng Zhao in 2017, is now one of the world’s largest cryptocurrency trading platforms.
Zhao Changpeng was born in Jiangsu, China and has settled in Singapore since 2019.
Nanofilm Technologies (Nanofilm Technologies) Group Executive Chairman Dr. Shi Xu (1.8 billion US dollars, ranking 24th ). Immigrated from China to Singapore in the 1990s.
Chairman and CEO of Yanlord Land Group Co., Ltd. Zhong Shengjian (US$1.56 billion, ranked 29th).
These 8 "new" immigrants from China have a total of 73,560 billion US dollars, accounting for 35% of the total wealth of Singapore’s top 50 rich .
Overseas Identity Planning
The secrets of the success of the "new" immigrants
Take a look at the top 50 richest people in Singapore by Forbes in 2021.
The top 10 rich have a total of 140.3 billion yuan, accounting for 67.5% of the total wealth of the top 50. The total wealth of the top 50 millionaires also increased from US$167 billion to US$208 billion.
The success secrets of these wealthy individuals are closely related to Overseas Identity Planning.
Cases of asset allocation and wealth protection by acquiring overseas identities are not uncommon.
But different routes lead to the same goal. Zhang Yong and his wife, Li Xiting, James Dyson, Ray Dalio, etc. are all for themselves or their family Obtain Singapore status to enable reasonable global asset allocation and tax planning through a legal and compliant tax status.
The reason for setting up a family office in Singapore is that Singapore has a unique advantage in the Asia-Pacific region and the international community:< /strong>
National strategic advantages, geographic location advantages, legal system advantages, global integration advantages, cross-strait financial advantages, tax planning advantages, and privacy protection advantages.
In addition, the Singaporean government's outstanding performance in all aspects of liveability, business environment, and financial supervision are the best business cards for setting up a family office in Singapore.
Now, choose to set up your family office in Singapore.
It’s the best way to realize asset allocation + tax planning + wealth inheritance + children’s education + family relocation to Singapore !
Source | Forbes, Singapore news media; some images are from the Internet, the copyright is owned by the original author, and is only for sharing. If there is any infringement, please contact and delete
Editor | KIKI
Xingyunhai International
SING YUN
Singapore Family Office
According to the relevant regulations of Singapore: apply People set up a family office in Singapore and can incur a fee of S$200,000 per year. The family office can apply for Singapore permanent residency status for relevant persons.
By configuring and managing assets in Singapore, Allow family members to serve as senior managers in the family office and obtain an EP Employment Pass (Employment Pass). After about two years, they can apply for permanent residence status (PR) for the whole family.
  ; Advantages of immigrating to Singapore
★ Chinese liveable: 76% Chinese, the mainstream language is Chinese
★ Tax haven: no global taxation, no inheritance tax, no capital gains tax
★ Bilingual education: high-quality bilingual education environment, using Cambridge education system
★ Conducive to doing business: Once rated as one of the most suitable countries for doing business in the world
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