Peter Lim, "Remisier King"
Worth $2.35 Billion!
Peter Lim, a publicity shy guy who worked as a waiter, a cook and cab driver during his university days is one of the richest men in the world. The business magazine Forbes placed him at 6th position in the list of Singapore’s 50 wealthiest men with a net worth of $2.35 Billion as of March 2014. Moreover, Forbes ranked him at #763 in the list of world’s richest billionaires.
He earned the nickname “Remisier King” for his successful returns. In 1996, Lim invested $10 million in Wilmar International, a palm oil producing company. In 2010, Lim cashed out his holding in Wilmar which rose to $1.5 billion and became a major player in Malaysia’s Iskandar region. He owns 70% stake in FASTrack Iskandar, and bought 22 acres of land for $284 million in Vantage Bay. Moreover, he has invested in Yanlard Land, McLaren and retailer FJ Benjamin.
Lim is an avid sports fan and supports Singapore football. In order to nurture Singapore’s local sports talents he set up S$10 million scholarship. He owns a number of Manchester United F.C. themed clubs and bars in Asia. He partnered with UEM Land Holdings to build Motor City, a $1.2 billion motor racing complex in the Iskandar region in Johor, Malaysia.
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