Forrest Li Explained

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.

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.[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]

Personal life

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]

Notes and References

  1. Web site: 7 Forrest Li Facts To Know Now That He’s S’pore’s Richest Man . mustsharenews.com . 3 September 2022.
  2. Web site: Commentary: The incredible rise of Forrest Li, modest founder of Singapore’s most valuable listed company. 2021-07-04. CNA. en.
  3. Web site: Forbes profile: Forrest Li . Forbes . 6 October 2020. https://web.archive.org/web/20190306043937/https://www.forbes.com/profile/forrest-li/ . 6 March 2019 . live.
  4. Web site: Pillai . Sharanya . Sea's Forrest Li credits Singapore in Businessman of the Year win . www.businesstimes.com.sg . 18 April 2022 . 17 December 2020.
  5. Web site: Sim . Dewey . Why Singapore tech giant Sea is making waves in Southeast Asia . South China Morning Post . 18 April 2022 . en . 20 February 2021.
  6. Web site: Billionaires 2019. Forbes. 5 March 2019. https://web.archive.org/web/20141129074957/http://www.forbes.com/billionaires/. 29 November 2014. live.
  7. Web site: Kang. John. Forrest Li’s Sea Ltd Surges As Pandemic Drives Digitalization Across ASEAN. 2021-06-01. Forbes. en.
  8. Web site: Mohan. Matthew. Football: Singapore tech firm Sea takes ownership of Home United; club changes name to Lion City Sailors FC. 2020-02-14. CNA. en. 2021-02-26. https://web.archive.org/web/20210226070825/https://www.channelnewsasia.com/news/sport/home-united-lion-city-sailors-sea-football-singapore-12434054. dead.
  9. Web site: Forrest Li : "Singapore’s Steve Jobs" shoots for the stars. 2021-07-04. MoneyWeek. en.
  10. Web site: Kang. John. Forrest Li’s Sea Ltd Surges As Pandemic Drives Digitalization Across ASEAN. 2021-09-01. Forbes. en.
  11. Web site: HO" . "NAAZNEEN KARMALI"," JANE . Singapore’s Richest 2022 . 2023-01-28 . Forbes . en.