Peter Lim (born 1953) is a Singaporean business magnate, entrepreneur, philanthropist and investor. 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. 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. The gift remains the single largest donation in Singapore from an individual towards sports development. To date, more than 2300 scholarships, worth a total of more than S$6.5 million, have been disbursed. 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. Lim responds aggressively to clear false allegations and to stymie frivolous claims. Many donations to numerous other charities have not been profiled. In 2009, Lim won the biggest libel payout in Singaporean history in the Raffles Town Club saga. Lim married Cherie Lim in 2003. 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. He has invested in sectors ranging from palm oil to medicine. 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. 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 was involved in a prominent case was the Raffles Town Club saga. 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. Lim completed his secondary school education at the Raffles Institution. 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.