Singaporean CEO Becomes a Billionaire After Cash Injection From Hong Kong’s Richest Man
The CEO of popular gaming accessory manufacturer Razer is getting a billion-dollar boost in net worth after receiving financial support from Hong Kong’s richest man, Li Ka-Shing. Singapore’s Tan Min-Liang offered a large portion of his company’s shares to their Hong Kong IPO.
Razer’s investors now include some of the biggest names in Asia such as Indonesian tobacco tycoon Budi Hartono, Chinese philanthropist Li Ka-Shing and Singapore’s Temasek Holdings. According to Today, Tan’s latest company fund-raising earned the Razer CEO a net worth of over $1.2 billion.
The 39-year-old CEO refused to comment on his net worth but left a Facebook post on behalf of his company saying “While gaming has had many happy times for me, gaming has gotten me through some of my saddest times.” However, the company’s recent fundraising isn’t the only financial venture that they’ve invested in.
Razer is also setting their sights not just on the gaming accessory market but towards the mobile phone industry as well. According to Fortune, the popular gaming brand is already working on a smartphone that could rival mobile phone giants such as Samsung and Apple.
What makes Razer’s upcoming smartphone stand out from the rest is that it’s reported to come with a massive 8 GB of RAM, larger than what most smartphones on the market have. The source revealed that Razer’s smartphone caters to the gamer market with its enormous 4,000 mAh battery and its gaming-focused screen that utilizes a high 120Hz refresh rate.
The company’s multi-million dollar support from their investors could certainly aid them in going beyond just the gaming market within the tech industry. With that said, Razer might soon be a household name not only in the gaming community but to mainstream consumers as well.