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He Sent Shockwaves Throughout The Country By What He Said

In 2009, Lim won the biggest libel payout in Singaporean history in the Raffles Town Club saga. Peter Lim (born 1953) is a Singaporean business magnate, entrepreneur, philanthropist and investor. The appellate court ruled in Lim’s favour and ordered the biggest libel payout in Singaporean history.

He is the owner of Spanish football club Valencia and Salford City Lim was born in very modest circumstances. After National Service, he went to Perth to study at the University of Western Australia Lim is believed to have amassed his wealth through various oil investments.

Lim married Cherie Lim in 2003. He has invested in sectors ranging from palm oil to medicine. Many donations to numerous other charities have not been profiled.

To date, the most high profile project is the S$10 million scholarship fund under the Singapore Olympic Foundation (SOF) to nurture local sports talents in 2010.

As a philanthropist, Lim focuses on education and sports. Lim, who was one of Singapore’s leading stockbrokers, is now a private investor.

The driving force behind the Scholarship is the desire to ensure that no promising young athlete, committed to pursuing his sporting dreams, should be hampered by financial considerations. Lim completed his secondary school education at the Raffles Institution. To date, more than 2300 scholarships, worth a total of more than S$6.5 million, have been disbursed. Lim responds aggressively to clear false allegations and to stymie frivolous claims. The gift remains the single largest donation in Singapore from an individual towards sports development. Lim was involved in a prominent case was the Raffles Town Club saga. Lim also endowed Nanyang Technological University with S$3 million in 2014 to fund a professorship in peace studies at the S Rajaratnam School of International Studies to protect and promote harmony in Singapore.

He has two children with ex-wife Venus Teo Geok Fong.

The son of a fishmonger, Lim and his seven siblings grew up in a two-bedroom government flat in the Bukit Ho Swee public housing estate, a neighbourhood notorious for its lawlessness then. In 2019, Forbes ranked him as the 10th richest person in Singapore with a net worth of US$2.5 billion.

In June 2010 the Singapore Olympic Foundation (SOF) set up the SOF-Peter Lim Scholarship with a S$10 million donation from Lim. Lim is known to fight at all cost to protect his credibility. Finding it hard to get into a respectable University because of his economic background, he put himself through the University of Western Australia, in Perth, by working as a taxi driver, cook and waiter, among other odd jobs, and eventually graduated with a degree in finance and accounting.

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