#589

Forrest Li

Singapore 48 years old Self-Made

Overview

Source of Wealth
Online gaming, e-commerce
Residence
Singapore
Education
Shanghai Jiaotong University (Bachelor of Engineering)
Stanford Graduate School of Business (Master of Business Administration)
Marital Status
Married

Assets

  • Sea Ltd. (Singapore) Sponsored ADR
    47,895,000 shares @ -
    -
    SE-US
  • Sea Ltd. (Singapore) Sponsored ADR
    10,470,000 shares @ -
    -
    SE-US
  • Sea Ltd. (Singapore) Sponsored ADR
    4,250,000 shares @ -
    -
    SE-US

Biography

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.

Sea has attracted investors such as Tencent, the Norwegian sovereign wealth fund, 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.