Forrest Li

Forrest Li Xiaodong (born 1977 or 1978), is a Singaporean billionaire businessman. He is the founder of Sea Limited, a company that consists of subsidiaries such as Garena and Shopee.[2]

In this Chinese name, the family name is Li.
Forrest Li
李小冬
Born1977/1978 (age 43–44)[1]
Tianjin, China
NationalitySingaporean
EducationShanghai Jiaotong University
Stanford University
Known forFounder of Sea Limited
Owner of Lion City Sailors FC

Biography

Born in Tianjin, China, Li emigrated to Singapore shortly after earning a degree in engineering from Shanghai Jiaotong University, and an MBA from the Stanford Graduate School of Business.[1]

Li did not come from generational wealth; Li was $100,000 in student loan debt and was along with his wife previously lived in a single bedroom within a three-room public housing HDB flat at Braddell. He decided to settle permanently in Singapore, taking up citizenship.[3]

Li's first company was Garena in 2009. At the time, the company had only operated out of a single shophouse off Maxwell Road at Tanjong Pagar.[4]

In March 2019, after the share price of his consumer internet company Sea Ltd increased by 45%, Li's net worth increased to more than $1 billion.[5]

Li is a football fan.[6] He is the chairman of the Lion City Sailors, a Singapore Premier League football club that was acquired by Sea in 2020.[7][8]

Personal life

Li is married and lives in Singapore.[1] Li appeared on the August 2020 cover of Forbes Asia, the Asia edition of Forbes magazine.[9] According to Bloomberg Billionaires Index, Li's net worth was estimated at US$19.8 billion as of August 2021, making him the richest person in Singapore.[10]

References
  1. "Forbes profile: Forrest Li". Forbes. Archived from the original on 6 March 2019. Retrieved 6 October 2020.
  2. "Commentary: The incredible rise of Forrest Li, modest founder of Singapore's most valuable listed company". CNA. Retrieved 2021-07-04.
  3. Pillai, Sharanya (17 December 2020). "Sea's Forrest Li credits Singapore in Businessman of the Year win". www.businesstimes.com.sg. Retrieved 18 April 2022.
  4. Sim, Dewey (20 February 2021). "Why Singapore tech giant Sea is making waves in Southeast Asia". South China Morning Post. Retrieved 18 April 2022.
  5. "Billionaires 2019". Forbes. Archived from the original on 29 November 2014. Retrieved 5 March 2019.
  6. Kang, John. "Forrest Li's Sea Ltd Surges As Pandemic Drives Digitalization Across ASEAN". Forbes. Retrieved 2021-06-01.
  7. Mohan, Matthew. "Football: Singapore tech firm Sea takes ownership of Home United; club changes name to Lion City Sailors FC". CNA. Retrieved 2020-02-14.
  8. "Forrest Li : "Singapore's Steve Jobs" shoots for the stars". MoneyWeek. Retrieved 2021-07-04.
  9. Kang, John. "Forrest Li's Sea Ltd Surges As Pandemic Drives Digitalization Across ASEAN". Forbes. Retrieved 2021-09-01.
  10. "Bloomberg Billionaires Index: Forrest Li". Bloomberg. Retrieved 31 August 2021.{{cite web}}: CS1 maint: url-status (link)
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