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The Street
The Street
By Tony Owusu Forrest Li has seen his wealth nearly halve to about $11 billion over the past few months. Forrest Li, the chairman and CEO of Singapore’s Sea Ltd. (SE) – Get Sea Ltd. (Singapore) Report, has seen his wealth drop by an astounding $11 billion since American depositary receipts of his company reached their zenith on Oct. 19. Li became Singapore’s richest person in 2021 on the back of a surge in demand for gaming and online shopping during the Covid-19 pandemic. His wealth ballooned to more than $20 billion, according to the Bloomberg Billionaires Index amid the rise in Sea’s stock …