Peter Lim Wiki
Peter Lim is a Singaporean business magnate, entrepreneur, philanthropist and investor. Lim, who was one of Singapore’s leading stockbrokers, is now a private investor in sectors ranging from palm oil to medicine.
Peter Lim Biography
Peter Lim was born on 1st May 1953 in Singapore. He is a popular Singaporean businessman. As a philanthropist, Lim focuses on education and sports, his most high-profile project being a $10 million scholarship fund to nurture local sports talents.
The son of a fishmonger, Lim and his seven siblings grew up in a two-bedroom government flat in the Bukit Ho Swee public housing estate.
Lim 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. He graduated with a degree in accounting and finance and first worked as an accountant. He did some tax consultancy before going into stocks.
Born: May 1, 1953 (age 65 years), Singapore
Net worth: 2.5 billion USD (2019)
Wife: Cherie Lim (m. 2003), Teo Geok Fong (m. ?–2002)
Children: Kim Lim
Education: Raffles Institution, The University of Western Australia
Raffles Town Club
Lim, a former consultant to Raffles Town Club, launched a libel suit against Mr. Lin Jian Wei and Ms. Margaret Tung – who took over the club in 2001 – for defamatory remarks they had made in a statement to settle a separate lawsuit brought by unhappy club members.
In the statement sent out late in 2005, Mr. Lin and Ms. Tung suggested that the club’s financial difficulties were due to mismanagement by the original directors and management, one of whom was Lim. Although the High Court dismissed the defamation lawsuit, Lim did not relent and appealed. The appellate court ruled in Lim’s favor and ordered the biggest libel payout in Singaporean history. He doubled the $220,000 award he received and donated it to an educational charity.
Peter Lim Net Worth
Peter Lim is the ninth-wealthiest Singaporean billionaire by net worth (world rank: 973). In 2016, Forbes ranked him as the 11th richest person in Singapore with a net worth of US$2.4 billion.