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This story is part of Forbes’ coverage of Singapore’s Richest 2024. See the full list here.

Young music fans from across the region flocked to Singapore earlier this year for the sold-out concerts of pop icon Taylor Swift and rock band Coldplay, helping to boost the city-state’s economy, which posted two straight quarters of growth. The youthful buzz extended to the country’s political leadership with the May swearing-in of Lawrence Wong, 51, as prime minister. The overall positive sentiment lifted the stock market, resulting in the collective net worth of the country’s 50 richest tycoons rising by over 10% to $195 billion.

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The wealth of nearly two-thirds of list members is up from a year ago. The biggest dollar gainer is Eduardo Saverin, cofounder of Meta Platforms (formerly Facebook) and longtime Singapore resident, who occupies the No. 1 spot for the second year in a row. He added $13 billion to take his net worth to a record $29 billion as shares of Meta, which is investing heavily in AI, continued their upward trajectory.

Despite a small drop in their combined........

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