How Singapore Nurtured Foreign Trio Who Became Billionaires

  • Sea’s Chen becomes the latest billionaire in the city-state
  • Singapore’s appeal is growing for tech entrepreneurs
Forrest LiPhotographer: Wei Leng Tay/Bloomberg
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David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.

The co-founder of Sea Ltd. is now worth $1.3 billion, joining fellow co-founders Forrest Li and Gang Ye among Singapore’s wealthiest individuals. Their company has thrived during the pandemic thanks to the popularity of battle royale mobile game Free Fire and e-commerce platform Shopee.