{"id":40372,"date":"2023-04-07T23:48:53","date_gmt":"2023-04-07T23:48:53","guid":{"rendered":"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/"},"modified":"2023-04-07T23:48:53","modified_gmt":"2023-04-07T23:48:53","slug":"billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit","status":"publish","type":"post","link":"https:\/\/thedailyherald.co.uk\/business-markets\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/","title":{"rendered":"Billionaire Forrest Li\u2019s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit"},"content":{"rendered":"<p>Forrest Li, chairman and group chief executive officer of Sea Ltd.Wei Leng Tay\/Bloomberg Digital gaming and e-commerce firm Sea Ltd. posted its first-ever quarterly profit, sending its New York-listed shares soaring and boosting the fortunes of its billionaire cofounder Forrest Li by $919 million overnight. Sea reported late Tuesday a net profit of $422.8 million for the fourth quarter, reversing a year earlier net loss of $616.3 million. Its total revenue improved 7.1% to $3.4 billion, and e-commerce platform Shopee also became profitable&#8230;. Click below to read the full story from Forbes<br \/><a href=\"https:\/\/www.forbes.com\/sites\/jonathanburgos\/2023\/03\/07\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forrest Li, chairman and group chief executive officer of Sea Ltd.Wei Leng Tay\/Bloomberg Digital gaming and e-commerce firm Sea Ltd. posted its first-ever quarterly profit, sending its New York-listed shares soaring and boosting the fortunes of its billionaire cofounder Forrest Li by $919 million overnight. Sea reported late Tuesday a net profit of $422.8 million&hellip;<\/p>\n","protected":false},"author":3027,"featured_media":40373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Billionaire Forrest Li\u2019s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit - The Daily Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Forrest Li\u2019s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit - The Daily Herald\" \/>\n<meta property=\"og:description\" content=\"Forrest Li, chairman and group chief executive officer of Sea Ltd.Wei Leng Tay\/Bloomberg Digital gaming and e-commerce firm Sea Ltd. posted its first-ever quarterly profit, sending its New York-listed shares soaring and boosting the fortunes of its billionaire cofounder Forrest Li by $919 million overnight. Sea reported late Tuesday a net profit of $422.8 million&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/\" \/>\n<meta property=\"og:site_name\" content=\"The Daily Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-07T23:48:53+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\">\n\t<meta name=\"twitter:data1\" content=\"Michael\">\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data2\" content=\"0 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#website\",\"url\":\"https:\/\/thedailyherald.co.uk\/\",\"name\":\"The Daily Herald\",\"description\":\"Your Super Aggregated News, Blog &amp; Magazine\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/thedailyherald.co.uk\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/thedailyherald.co.uk\/wp-content\/uploads\/2023\/04\/40372-billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Billionaire Forrest Li\\u2019s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/#webpage\",\"url\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/\",\"name\":\"Billionaire Forrest Li\\u2019s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit - The Daily Herald\",\"isPartOf\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/#primaryimage\"},\"datePublished\":\"2023-04-07T23:48:53+00:00\",\"dateModified\":\"2023-04-07T23:48:53+00:00\",\"author\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/#\/schema\/person\/89a115df202d16779909d53f1f31f669\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thedailyherald.co.uk\/uncategorized\/billionaire-forrest-lis-wealth-jumps-919-million-overnight-as-sea-posts-first-ever-quarterly-profit\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#\/schema\/person\/89a115df202d16779909d53f1f31f669\",\"name\":\"Michael\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/27a4c5378c796c1e3daa8952b4f9fd2f?s=96&d=mm&r=g\",\"caption\":\"Michael\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","amp_validity":null,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts\/40372"}],"collection":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/users\/3027"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/comments?post=40372"}],"version-history":[{"count":0,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts\/40372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/media\/40373"}],"wp:attachment":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/media?parent=40372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/categories?post=40372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/tags?post=40372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}