Source: Business Insider
With a net worth of US$ 12.8 billion (est RM52.3 billion), Robert Kuok has been announced as the richest man in Malaysia again, maintaining his spot on the 2019 Forbes Malaysia Rich List.
Here is the list of the top 10 richest man in Malaysia, according to Forbes:
1) Robert Kuok, 95; US$12.8 billion
Robert Kuok owns Kuok Group, which has interest in hotels, real estate and commodities. He founded internationally renowned Shangri-la Hotels in Singapore in 1971.
2) Quek Leng Chan, 78; US$9.4 billion
As the executive chairman of conglomerate Hong Leong Co. (Malaysia) – which has interests in finance, property and food – Quek, has a net worth of US$9.4 billion.
3) Teh Hong Piow, 88; US$6.7 billion
Teh, founder of Malaysian banking behemoth Public Bank, chaired the company for decades, and now has a net worth of US$6.7 billion.
4) Ananda Krishnan, 80; US$6.2 billion
Most of Ananda’s wealth is derived from his stake in telco service provider Maxis Bhd. He also controls about a 41% stake in Astro Malaysia Holdings Bhd.
Ananda also owns a 33% stake in Indian mobile-phone company Aircel Ltd through Maxis.
5) Lee Shin Cheng, 79; US$5.4 billion
Tan Sri Lee Shin Cheng of IOI Corporation and IOI Properties takes the fifth spot on the list, as his wealth fell by US$200mil to US$5.4bil.
6) Chen Lip Keong, 71; US$5 billion
NagaCorp Ltd Chief Executive, Chen Lip Keong is listed at 6th place with
7) Lim Kok Thay, 67; US$4.4 billion
Lim Kok Thay, Chairman and Chief Executive of Malaysia-based gaming group Genting Bhd, ranked 7th this year, worth of an estimated US$4.4 billion, compared to US$4.7 billion last year.
8) Lau Cho Kun, 83; US$3.4 billion
Lau Cho Kun, 83, is the largest shareholder in Hap Seng Consolidated ranked at 8th place.
9) Koon Poh Keong, 57 Poh Ming; US$2.6 billion
Koon Poh Keong is group CEO of aluminum company Press Metal while Koon Poh Ming is the executive vice chairman.
Here’s a great story, they started Press Metal with their three other brothers–Poh Tat, Poh Weng and Poh Kong–in the mid-’80s.
The brothers together pooled $50,000 to start the aluminum-extruding company, at a time when Malaysia was in a recession.
Today Press Metal is Southeast Asia’s largest integrated aluminum producer and competes with Rio Tinto, Russia’s RUSAL and the Aluminum Corp of China.
Poh Keong and his older brother, Poh Ming, the two biggest shareholders, made the list for the first time in 2017.
10) Kuan Kam Hon, 72; US$2.4 billion
Founded in 1981 by Kuan Kam Hon, Hartalega Holdings is the world’s largest and fastest maker of nitrile gloves, which it exports to 40 countries. He is now a mentor and spokesman, leaving operations to his two sons.
The minimum net worth to make the list this year was US$250 million, down from US$300 million last year.
The list was compiled using information from the individuals, stock exchanges, analysts, private databases, government agencies such as the Companies Commission of Malaysia, and other sources.
The full list of 2019 World’s Billionaires List can be found here on Forbes.
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