On 21 October 2026 the Forbes real-time list had 53 billionaires from Singapore, with a combined net worth of $156 billion. That is 0.8% of the world total and puts Singapore #21 of 77 countries on the list. On 19 January 2020 it was 24 billionaires and $95 billion (1.0% of the world).
The video shows the richest people one by one. This article looks at what the tiles cannot show: the whole list, where the money comes from, how the country total moved, and what the average billionaire looks like.
How concentrated is the wealth?
The richest person, Jason Chang, holds $22 billion, or 14% of the national total. The top three together hold 26% and the top ten 47%. On the world list Jason Chang is ranked #120.
The average billionaire from Singapore had $4.0B in January 2020 and has $2.9B now, 26% less.
The number of people on the list grew from 24 to 53, so the increase in the total reflects both higher valuations and more people being listed.
Where the money comes from
Counting each person under the main industry Forbes gives, real estate is the largest source of wealth in Singapore: $43 billion, or 27% of the total. It is followed by manufacturing (24%), finance and investments (13%).
How the total moved
The combined net worth of billionaires from Singapore started at $95 billion in 2020, fell to $70 billion on 24 March 2020 and reached its highest point of $182 billion on 11 February 2021, when the list had 26 billionaires from Singapore.
By 31 August 2026 (the last day of the country series) the total was $159 billion, 12% below that peak.
The number of billionaires from Singapore on the list ranged from 23 to 55 during this period. A person can enter or leave the list because the cut-off moves with the market, not only because their own wealth changes.
Biggest movers among the people in the video
Comparing 1 February 2020 with 21 October 2026, the largest relative gains were Jason Chang ($3.3B to $23B, +584%), Forrest Li ($2.0B to $5.7B, +191%) and Goh Cheng Liang ($10B to $15B, +42%).
The weakest development was Zhang Yong ($16B to $4.3B, -73%) and Shu Ping ($3.2B to $1.7B, -45%).
Who the billionaires are
Of the 53 billionaires from Singapore, 7 are women (13%). Ages are known for 14 of them; their average age is 44 and the median 47.
How to read the numbers
- Figures are Forbes estimates in current US dollars, taken from the real-time list. The source project states that it makes no claim to accuracy or completeness.
- A person is assigned to a country by citizenship, not by where they live. A family entry (marked “& family”) refers to the family fortune.
- Daily values are noisy because they follow stock prices, so the video steps through the data in half-month intervals and the chart above shows weekly values.
- The country series ends on 31 August 2026; the list used for the 21 October 2026 numbers is the latest one available.
Sources
Forbes real-time billionaires, compiled by komed3 (rtb-api on GitHub, MIT licence).
