Peter Lim
Encyclopedia
Peter Lim Eng Hock is a Singapore
billionaire
. In July 2010, Forbes magazine rated eighth amongst Singapore's 40 richest people with an estimated net worth of $1.6 billion.
In March 2010, he was tied for #655 amongst the world's billionaires, with an estimated net worth of $1.5 billion.
The son of a fishmonger
, Peter Lim was educated at the Raffles Institution
and obtained a degree in accountancy
at the University of Western Australia
. Lim became a stockbroker for mainly Indonesia
n clients. His successful returns earned him the nickname "Remisier King" (Singapore term for stockbroker).
In 1996, he became a fulltime investor, investing $10 million in palm oil
producer Wilmar International
, now valued at $700 million. Lim is also the second-largest investor in fashion distributor FJ Benjamin. He then invested in logistics and the agri-business.
Lim owns a series of Manchester United F.C.
themed bars and clubs in Asia
, which led to him bidding to take ownership of Liverpool F.C.
in 2010, to expand the brand in Asia.
In October 2010, he bought the entire share holdings from Dr. Cheng Wei Chen and family, founder of Thomson Medical Centre Limited, at a price of S$1.75 per share.
Lim, an avid sports fan, has set up a S$10 million scholarship under the Singapore Olympic Foundation (SOF) to nurture local sports talents in 2010. He is known to be a supporter of Singapore football. Singapore's Sunday Times described him as "publicity shy" and supporting education without seeking the spotlight, having worked as a cab driver, a cook and a waiter during his university days.
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
billionaire
Billionaire
A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...
. In July 2010, Forbes magazine rated eighth amongst Singapore's 40 richest people with an estimated net worth of $1.6 billion.
In March 2010, he was tied for #655 amongst the world's billionaires, with an estimated net worth of $1.5 billion.
The son of a fishmonger
Fishmonger
A fishmonger is someone who sells fish and seafood...
, Peter Lim was educated at the Raffles Institution
Raffles Institution
Raffles Institution , founded in 1823, is the oldest centre for pre-tertiary learning in Singapore. It is an independent school in Singapore providing secondary and pre-university education. RI consists of a boys-only secondary section , and a coeducational pre-university section...
and obtained a degree in accountancy
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
at the University of Western Australia
University of Western Australia
The University of Western Australia was established by an Act of the Western Australian Parliament in February 1911, and began teaching students for the first time in 1913. It is the oldest university in the state of Western Australia and the only university in the state to be a member of the...
. Lim became a stockbroker for mainly Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
n clients. His successful returns earned him the nickname "Remisier King" (Singapore term for stockbroker).
In 1996, he became a fulltime investor, investing $10 million in palm oil
Palm oil
Palm oil, coconut oil and palm kernel oil are edible plant oils derived from the fruits of palm trees. Palm oil is extracted from the pulp of the fruit of the oil palm Elaeis guineensis; palm kernel oil is derived from the kernel of the oil palm and coconut oil is derived from the kernel of the...
producer Wilmar International
Wilmar International
Wilmar International Limited founded in 1991, is Asia’s leading agribusiness group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange...
, now valued at $700 million. Lim is also the second-largest investor in fashion distributor FJ Benjamin. He then invested in logistics and the agri-business.
Lim owns a series of Manchester United F.C.
Manchester United F.C.
Manchester United Football Club is an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League. Founded as Newton Heath LYR Football Club in 1878, the club changed its name to Manchester United in 1902 and moved to Old Trafford in 1910.The 1958...
themed bars and clubs in Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, which led to him bidding to take ownership of Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
in 2010, to expand the brand in Asia.
In October 2010, he bought the entire share holdings from Dr. Cheng Wei Chen and family, founder of Thomson Medical Centre Limited, at a price of S$1.75 per share.
Lim, an avid sports fan, has set up a S$10 million scholarship under the Singapore Olympic Foundation (SOF) to nurture local sports talents in 2010. He is known to be a supporter of Singapore football. Singapore's Sunday Times described him as "publicity shy" and supporting education without seeking the spotlight, having worked as a cab driver, a cook and a waiter during his university days.