Peter Lim

About Peter Lim

Birth Year: 1953
Birth Place: Singapore, Singapore, Singapore
Native name: 林榮福
Residence: Singapore
Citizenship: Singapore
Education: University of Western Australia
Occupation: Businessman, Investor
Spouse(s): Cherie Lim (m. 2003)
Children: 2: Kim and Kiat (with ex-wife Venus Teo Geok Fong)

Peter Lim Net Worth

Peter Lim was bornon 1953 in Singapore, Singapore, Singapore. After cashing out of palm oil giant Wilmar seven years ago, former stockbroker Peter Lim has focused on property, healthcare and sports His Singapore-listed Rowsley is building a $1.2 billion health care city in Malaysia's Iskandar region. Rowley is redeveloping Manchester's historic Northern Stock Exchange into a boutique hotel.
Peter Lim is a member of Investments

💰 Net worth: $1.98 Billion (Updated at 22 June 2018)

2010 $1.5 Billion
2011 $1.7 Billion
2012 $1.7 Billion
2013 $2 Billion
2014 $2.35 Billion
2015 $2 Billion
2016 $2.1 Billion
2017 $2.1 Billion
2018 $2.2 Billion

Famous Quotes:

At the end of the day the key component is the person. You may target the right company, but if you've chosen the wrong person, you'll get a headache.

Biography/Timeline

1996

In the midst of his prolonged divorce, Lim quit the broking Business in 1996 and became a private investor. He escaped the 1997 Asian financial crisis as he had liquidated most of his clients' positions and debt exposure. On his divorce with Venus Teo, Lim reached a settlement of S$50 million with her.

2000

In the early '90s, Lim got involved in a start-up Indonesian palm-oil company, Wilmar. By the second half of the decade, he had written off that investment. The Indonesian economy was weakening from the mid-90s and then the Indonesian currency fell from 2,500 rupiah against the US dollar to 16,000 rupiah. In 2000, Lim restructured his stake in Wilmar with a US$10 million investment. Wilmar did a Reverse Take Over (RTO) in 2006. Businessman Robert Kuok decided to inject his Malaysian palm oil operations into Wilmar in 2007. In response to a 2006 FDA ruling mandating the labeling of trans fatty acids on the Nutrition Facts label, food manufacturers began eliminating trans fats from their products and began substituting them with palm oil. Imports to the United States alone increased by nearly 60%. The increased use of biofuels at the expense of fossil fuels also contributed significantly to demand. In 2010, Lim cashed out for US$1.5 billion.

2003

Lim married Cherie Lim in 2003. He has two children, Kim and Kiat, with ex-wife Venus Teo Geok Fong.

2010

In 2010, Lim took Singapore’s first women’s hospital, Thomson Medical, private for S$522 million.

2014

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 favour and ordered the biggest libel payout in Singaporean history. He doubled the $220,000 award he received and donated it to an educational charity.