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Peter Lim Net Worth 2024: Companies, Life Lessons

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Peter Lim net worth

What is Peter Lim net worth 2024?

Net Worth$3 billion
Date of birth21 May 1953
Full NamePeter Lim
Occupationbusiness magnate
NationalitySingaporean

Peter Lim net worth 2024 is valued at $3 billion. He is one of the richest people in Singapore. He is a business magnate who was a stockbroker, and is now a private investor who has invested in sectors ranging from palm oil to medicine.

Peter Lim Net Worth and Biography

Peter Lim was born on 21st May, 1953 in  Bukit Ho Swee. Lim and his seven siblings grew up in a two-bedroom government flat in the Bukit Ho Swee public housing estate.

He completed his secondary school education at the Raffles Institution. After National Service, he went to Perth to study at the University of Western Australia.

 To fund his university education, Lim worked part-time doing odd jobs as a taxi driver, cook and waiter.

While working at Australian fast-food chain Red Rooster, Lim studied how business are started, how they grew, and how they scaled up.

Peter graduated with a degree in accounting and finance and first worked as an accountant and did some tax consultancy before going into stocks.

Career

In the early 1990s, Lim invested about US$10 million in a start-up palm-oil company, Wilmar. In 2010, Lim cashed out at the peak of commodity prices and sold his Wilmar shares for US$1.5 billion.

Lim was known as the “Remisier King” (commission king) due to his success as a stockbroker in the 1980s.

Lim quit the brokerage business in 1996 and became a private investor. He was able to escape the 1998 Asian Financial Crisis as he had liquidated most of his stocks and was holding cash.

Sports investment

Lim owns a controlling stake (83%) in Spanish La Liga club Valencia CF, a 40% stake in Salford City F.C., stakes in British supercar maker McLaren Automotive, and Hotel Football next to Old Trafford stadium in Manchester. 

In May 2014, Lim was designated by the Fundación Valencia CF as the buyer of 70.4% of the shares owned by the club’s foundation. After months of negotiations between Lim and Bankia (the main creditor of the club), an agreement was reached in August 2014.

In October 2021, Peter Lim co-founded ZujuGP with his son.

Peter Lim Philanthropy


In June 2010, the Singapore Olympic Foundation (SOF) established the SOF-Peter Lim Scholarship, made possible by a generous S$10 million contribution from Peter Lim. This donation stands as the largest single contribution from an individual towards sports development in Singapore.

In 2014, Lim also endowed Nanyang Technological University with S$3 million to fund a professorship in peace studies at the S. Rajaratnam School of International Studies to protect and promote harmony in Singapore.

Peter Lim Net Worth

Peter Lim net worth 2024 is valued at $3 billion making one of the wealthiest people in Singapore. Here are 8 Wise Lessons On Wealth That Singapore’s Self-Made Tycoon Peter Lim Can Teach Us

  1. Fortune is 90% hard work, 10% providence
  2. Accept the good and bad with equanimity
  3. More money, more problems
  4. After a point, money doesn’t translate to a better life
  5. Opposites do attract
  6. Those who succeed must pass it on
  7. Take risks (but protect yourself)
  8. On growing old and mortality

Source: Glusea

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