Forrest Li

Forrest Li Xiaodong (born 1977 or 1978) is a Singaporean billionaire businessman. He is the founder, chairman and chief executive officer of Sea Limited, a company with subsidiaries including Garena and Shopee.[3] He is also the chairman of Lion City Sailors FC, which is owned by Sea.

In this Chinese name, the family name is Li.
Forrest Li Xiaodong
李小冬
Born1977 or 1978 (age 45–46)[1]
Tianjin, China[2]
CitizenshipSingaporean
EducationShanghai Jiaotong University (BA)
Stanford University (MBA)
Known forFounder of Sea Limited
Chairman of Lion City Sailors FC

Biography

Forrest Li Xiaodong was born in Tianjin, China. He earned a bachelor's degree in engineering from Shanghai Jiaotong University, and an MBA from Stanford Graduate School of Business.[1]

Li did not come from generational wealth; Li was $100,000 in student loan debt and along with his wife previously lived in a single bedroom within a three-room public housing HDB flat at Braddell. He later decided to settle permanently in Singapore, taking up citizenship.[4]

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.[5]

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.[6]

Li is a football fan.[7] He is the chairman of the Lion City Sailors, a Singapore Premier League football club that was acquired by Sea in 2020.[8][9]

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.[10] According to Bloomberg Billionaires Index, Li's net worth was estimated at US$4.2 billion as of September 2022, making him the 11th richest person in Singapore.[11]

References
  1. "Forbes profile: Forrest Li". Forbes. Archived from the original on 6 March 2019. Retrieved 6 October 2020.
  2. "7 Forrest Li Facts To Know Now That He's S'pore's Richest Man". mustsharenews.com. Retrieved 3 September 2022.
  3. "Commentary: The incredible rise of Forrest Li, modest founder of Singapore's most valuable listed company". CNA. Retrieved 2021-07-04.
  4. 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.
  5. Sim, Dewey (20 February 2021). "Why Singapore tech giant Sea is making waves in Southeast Asia". South China Morning Post. Retrieved 18 April 2022.
  6. "Billionaires 2019". Forbes. Archived from the original on 29 November 2014. Retrieved 5 March 2019.
  7. Kang, John. "Forrest Li's Sea Ltd Surges As Pandemic Drives Digitalization Across ASEAN". Forbes. Retrieved 2021-06-01.
  8. 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.
  9. "Forrest Li : "Singapore's Steve Jobs" shoots for the stars". MoneyWeek. Retrieved 2021-07-04.
  10. Kang, John. "Forrest Li's Sea Ltd Surges As Pandemic Drives Digitalization Across ASEAN". Forbes. Retrieved 2021-09-01.
  11. HO", "NAAZNEEN KARMALI"," JANE. "Singapore's Richest 2022". Forbes. Retrieved 2023-01-28.{{cite web}}: CS1 maint: multiple names: authors list (link)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.