Peter Lim (born 21 May 1953) is a Singaporean business magnate who was a stockbroker, and is now a private investor who has invested in sectors ranging from palm oil to medicine. In 2019, Forbes ranked him as the 10th richest person in Singapore with a net worth of US$2.5 billion. He is a shareholder of English club Salford City and the owner of Spanish La Liga club Valencia CF since 2014. In 2010, Lim won the biggest libel payout in Singapore's history in the Raffles Town Club saga. Early life 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. Lim completed his secondary school education at the Raffles Institution. After National Service, he went to Perth to study at the University of Western Australia. To fund his university education, Lim worked part-time doing odd jobs as a taxi driver, cook and waiter. It was while working at Australian fast-food chain Red Rooster that he learnt how business was done. Lim studied how they started, how they grew, and how they scaled up. He graduated with a degree in accounting and finance and first worked as an accountant and did some tax consultancy before going into stocks. Early career In the early 1990s, Lim invested about US$10 million in a start-up palm-oil company, Wilmar. In 2010, Lim cashed out at the peak of commodity prices and sold his Wilmar shares for US$1.5 billion. Known as the "Remisier King" due to his success in stocks, Lim explains that while there was an element of luck, it was also because he created a role for himself as a "one man merchant bank" in the M&A space in Indonesia in the late 80s. Lim quit the brokerage business in 1996 and became a private investor. He was able to escape the 1998 Asian Financial Crisis as he had liquidated most of his stocks and was holding cash. Sports investment In the sports sector, Lim owns a controlling stake (83%) in Spanish La Liga club Valencia CF, a 40% stake in Salford City F.C (with former Manchester United players Ryan Giggs, Gary Neville, Phil Neville, Paul Scholes, Nicky Butt and David Beckham holding the other 60%), stakes in British supercar maker McLaren Automotive and Hotel Football next to Old Trafford stadium in Manchester. Since becoming majority shareholder of