Peter Lim

$1.89 B

Ranked #2159 in World

About Peter Lim

Peter Lim, a Singaporean tycoon with a focus on sports investments, commands a net worth of US$2.5 billion as of 2019. Rising from humble beginnings, Lim's savvy investments, including a significant stake in palm-oil giant Wilmar, earned him the title "Remisier King." His foray into sports led to the acquisition of Valencia CF and a stake in Salford City F.C., leading to Valencia's Copa del Rey win in 2019 and Salford's rapid ascension in English football. Despite criticism from Valencia supporters, Lim's philanthropic efforts underline his commitment to nurturing Singapore's youth and athletes.

Born

June 01, 1953

Age

72 years

Source Of Wealth

Investments

Industries

Finance & Investments

Citizenship

Singapore

Residence

Singapore

Spouse

Teo Geok Fong (Married: 1990⁠‑2002), Cherie Lim (Married: 2003)

Children

2 (including Kim Lim)

Peter Lim was born on May 21, 1953, in Singapore. He grew up in a modest two-bedroom government flat in the Bukit Ho Swee public housing estate. Despite his humble beginnings, Lim excelled academically and completed his secondary education at the prestigious Raffles Institution. He then went on to study accounting and finance at the University of Western Australia, where he worked part-time as a taxi driver, cook, and waiter to fund his education.

Peter Lim: Family

Peter Lim is married to Cherie Lim, and they have two children together. His son, Kiat Lim, is a director of several companies, including Valencia CF and Hotel Football. His daughter, Kim Lim, is a social media influencer and entrepreneur.

Peter Lim: Career Highlights

Peter Lim's career highlights include his success as a stockbroker in the 1980s, where he earned the nickname "Remisier King." He later became a private investor and made significant investments in companies such as palm-oil company Wilmar, which he sold for US$1.5 billion in 2010. Lim is also known for his involvement in sports, owning a controlling stake in Valencia CF, a 40% stake in Salford City F.C., stakes in McLaren Automotive, and Hotel Football.

Peter Lim: Companies

Peter Lim is involved in various companies, including:

Valencia CF (majority shareholder)
Salford City F.C. (40% shareholder)
McLaren Automotive (stakeholder)
Hotel Football (stakeholder)
Wilmar (former shareholder)

Peter Lim: Major Achievements

Peter Lim's major achievements include:

Winning the biggest libel payout in Singapore's history in 2010
Owning Valencia CF, which qualified for the UEFA Champions League 3 times under his ownership and won the Copa del Rey in 2019
Helping Salford City achieve 4 promotions in 5 seasons to reach League Two in 2019 and winning the 2020 Papa John's Trophy

Peter Lim: Awards & Achievements

Peter Lim has received numerous awards and recognitions, including:

Honorary Doctorate of Business Administration from the University of Western Australia
Businessman of the Year by The Straits Times in 2009
Outstanding Philanthropist Award by the Singapore Red Cross in 2011

Peter Lim: Personal Life & Legacy

Peter Lim is known for his philanthropic efforts.

He has made significant donations to various causes, including education, sports, and community development. He is also a patron of the arts and has supported numerous cultural initiatives. Lim's legacy is one of entrepreneurship, philanthropy, and a passion for sports.

Peter Lim: Trivia

Peter Lim is a fan of Manchester United F.C.
He is a licensed pilot and owns a private jet.
Lim is a collector of luxury watches and cars.
He is a member of the Forbes Billionaires list.

Wealth History

Timeline

May 21, 1953

Peter Lim is born in Singapore.

Early 1990s

Peter Lim invests about US$10 million in palm-oil company Wilmar.

1980s

Peter Lim becomes known as the "Remisier King" due to his success as a stockbroker.

1996

Peter Lim quits the brokerage business and becomes a private investor.

1998

Peter Lim escapes the 1998 Asian Financial Crisis by liquidating stocks and holding cash.

2010

Peter Lim sells his Wilmar shares for US$1.5 billion and wins the biggest libel payout in Singapore's history.

2014

Peter Lim buys 70.4% of Valencia CF shares, becoming the owner of the Spanish La Liga club.

2015

Nuno Espírito Santo resigns as head manager of Valencia CF.

2016

Gary Neville is sacked as head manager of Valencia CF.

2019

Valencia CF qualifies for the UEFA Champions League and wins the Copa del Rey under the leadership of Marcelino, who is later fired the same year.

2020

Salford City, in which Peter Lim owns a 40% stake, wins the 2020 Papa John's Trophy.

2021

Peter Lim pledges another S$10 million to continue supporting young local athletes through the SOF-Peter Lim Scholarship from 2021 to 2030.

2023

Rubén Baraja becomes the 12th manager under Peter Lim's ownership of Valencia CF.

Peter Lim : FAQs

What is Peter Lim's current net worth?

Peter Lim's current net worth is $1.89 billion.

What is Peter Lim's current global rank among billionaires?

Peter Lim holds the 2159th position globally among billionaires.

What is Peter Lim's current ranking within the Singapore?

Peter Lim holds the 28th position in Singapore.

What was the change in Peter Lim's net worth compared to the previous year?

Peter Lim's net worth decreased by 82.66 million dollars compared to the previous year 2025, when his net worth was 1.97 billion dollars.

What is the recent change in Peter Lim's net worth?

Peter Lim's net worth decreased by 16.66 million dollars recently, a 0.88% decrease, with his net worth standing at 1.89 billion dollars.

What are Peter Lim's main sources of wealth?

Peter Lim's main source of income comes from Investments.

In which industry does Peter Lim primarily operate?

Peter Lim is primarily involved in the Finance & Investments industry.

How old is Peter Lim?

Peter Lim is 72 years old.

How many children does Peter Lim have?

Peter Lim has 2 children.

What significant achievements has Peter Lim made in his sports investments?

Peter Lim's sports investments have seen Valencia CF qualify for the UEFA Champions League three times and win the Copa del Rey in 2019. His ownership in Salford City F.C. contributed to the club achieving four promotions in five seasons and winning the 2020 Papa John's Trophy.

How has Peter Lim's tenure as owner affected Valencia CF's managerial appointments?

Since buying Valencia CF in 2014, Peter Lim has seen a high turnover of managers, with Rubén Baraja becoming the 12th to lead the team under his ownership by 2023, despite unrest among fans over his management strategies.

What are some key contributions Peter Lim has made to philanthropy?

Peter Lim has made significant philanthropic contributions, including a S$10 million donation to the Singapore Olympic Foundation, a continued S$10 million pledge for young athletes, a S$20 million commitment to a project aiding underprivileged children, and a S$3 million endowment for a professorship in peace studies at Nanyang Technological University.

What was Peter Lim's early life like and how did he begin his career?

Peter Lim grew up in a two-bedroom government flat and attended Raffles Institution followed by the University of Western Australia to study accounting and finance. He worked part-time jobs to fund his education and began his career by investing in a palm-oil company in the 1990s, eventually being known as the 'Remisier King' for his brokerage success.