Lim Hock Chee
Sheng Shiong Group
This story is part of Forbes’ coverage of Singapore’s Richest 2026. See the full list here.
One of the biggest gainers on the list is Lim Hock Chee, CEO of Sheng Siong Group, Singapore’s second-largest supermarket chain by revenue. Its rollout of a dozen new stores in 2025, coupled with robust sales of fresh food and own-label affordable products, drove up the retailer’s shares and lifted Lim’s
fortune, which he shares with his family, by 46% to $2.7 billion.
In the first six months of 2026, the company reported a 12% year-on-year rise in both sales and net profit to S$855 million ($668 million) and S$81 million, respectively. Sheng Siong has earmarked S$520 million, its single largest investment to date, to build an integrated complex in an industrial hub in the north that will house its new headquarters and a distribution center. To be completed in 2029, it will support more than 120 stores in Singapore, where Sheng Siong has 90 stores as of end-June.
The son of a hog farmer, Lim started out selling chilled pork from a rented stall at a supermarket in 1985. He and his family draw their wealth from a majority stake in Sheng Siong, where his older brother, Hock Eng, is executive chairman and younger brother, Hock Leng, is managing director.
Be the first to comment