Forrest Li Xiaodong | |
Native Name: | 李小冬 |
Birth Place: | Tianjin, China[1] |
Citizenship: | Singaporean |
Education: | Shanghai Jiaotong University (BA) Stanford University (MBA) |
Known For: | Founder of Garena Founder of Sea Limited Founder of Shopee Chairman of Lion City Sailors FC |
Spouse: | Liqian Ma (Wife) |
Forrest Li Xiaodong (born 1977 or 1978) is a Chinese Singaporean billionaire businessman. He is the founder, chairman and chief executive officer of Sea Limited, a company with subsidiaries including Garena and Shopee.[2] He is also the chairman of Lion City Sailors FC, which is owned by Sea.
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.[3]
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]
Li is married and lives in Singapore. 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]