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Mobile Games and Ronaldo Make 39-Year-Old a Billionaire

  • Sea Ltd. co-founder Gang Ye joins Forrest Li in 10-figure club
  • Free Fire’s revenue has surpassed $1 billion since launch
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Singapore's Newest Billionaire Is a 39-Year Old Video Game Maker
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Singapore’s newest billionaire is a former government employee who rode mobile sensation Free Fire into the ranks of the ultra-wealthy this week.

The battle royale or fight-to-the-death title distributed by Sea Ltd. ranked among the five most downloaded games on the Apple and Google app stores for three straight quarters this year and has amassed $1 billion in adjusted revenue since launching in 2017. That propelled a tripling in Sea’s market value and the fortune of co-founder Gang Ye, a Carnegie Mellon University alum who’s worked for Wilmar International Ltd. and Singapore’s Economic Development Board.