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Malaysian tycoon Tan Sri Robert Kuok continues to maintain his lead position as Malaysia’s richest man in the latest Forbes Asia’s rich list.
According to Forbes Asia, Kuok, 84, who has many businesses, including Hong Kong property and media interests, and most notably palm oil giant Wilmar, increased his net worth from US$2.4 billion last year to hit US$10 billion.
The latest ranking list also saw Berjaya Corp’s Tan Sri Vincent Tan joining the billionaires’ club, Forbes Asia said in a news release here.
There are 10 billionaires in the list this year, one more than last year.
Tan, who rose from 14th to ninth position, has a net worth of US$1.3 billion, up nearly US$1 billion from last year.
Forbes Asia said Tans company, Berjaya Corporation, had bucked the trend with its stock price up nearly three-fold over the past 12 months.
Tan reigns over a vast US$4 billion — combined sales — network of enterprises spanning industries such as gaming, media, telecom, consumer products and retail as well as real estate.
Still in second place is Ananda Krishnan who heads telecom company Maxis.
But his wealth dipped to US$7.2 billion, which is US$200 million less than last year.
The third richest in the list is IOI Corporation’s group executive chairman Tan Sri Lee Shin Cheng who was ranked fourth last year but as the oil palm plantation giant soared in value, his wealth rose from US$1.6 billion to US$5.5 billion, Forbes Asia said.
The highest new entry is Puan Sri Lee Kim Hua, widow of renowned gaming tycoon Tan Sri Lim Goh Tong who was ranked third last year but died in October.
She and her family are worth US$3.4 billion and ranked fifth, even as son Tan Sri Lim Kok Thay, who runs Genting, is listed on his own with US$345 million, putting him in 15th place.
Lee is one of three women on the list alongside Selangor Properties’ chairman Puan Sri Chong Chook Yew, ranked 24th (US$245 million), and daughter of the Sultan of Perak, Raja Datuk Seri Eleena Raja Azlan Shah, ranked 35th (US$150 million).
Among the newcomers is Datuk Nazir Razak, group chief executive of CIMB Group and the youngest son of second Prime Minister, the late Tun Abdul Razak Hussein. Nazir managed to scrape into the 40th position as the last richest Malaysian in Forbes Asia’s top 40 with a net worth of US$100 million.
The collective wealth of the top 40 is US$46 billion, up US$3 billion from last year.
While 16 people managed to add to their wealth, 18 saw their net worth slipped, with seven of them losing at least a quarter of their worth.
Tan Syed Mokhtar Al-Bukhary, the richest Malay tycoon and a billionaire, dropped one position from seventh to eighth after his net worth was reduced by US$200 million to US$1.8 billion.
The Malaysia Rich List appears in the June 2 issue of Forbes Asia.
The top 40 richest in Malaysia for 2008 are:
- Robert Kuok USD 10 billion, 84, married, 8 children.
Kuok Group, Pacific Carriers Ltd, Transmile Group, Wilmar International - Ananda Krishnan USD 7.2 billion, 70, married, 3 children.
Maxis Comminications, Aircel Ltd, Astro All Asia Networks - Lee Shin Cheng USD 5.5 billion, 69, married, 6 children.
IOI Group - Teh Hong Piow USD 3.5 billion, 78, married, 4 children.
Public Bank - Lee Kim Hua & family USD 3.4 billion, 79, widow, 6 children.
Genting Group - Quek Leng Chan USD 2.4 billion, 67, married, 3 children.
Hong Leong Group, Guoco Group, Rank Group - Yeoh Tiong Lay and family USD 2.1 billion, 78, widow, 7 children.
YTL Corporation - Syed Mokhtar AlBukhary USD 1.8 billion, 56, married, 5 children.
Malaysia Mining Corporation (MMC), Malaysia Johor Port, Malakoff, Gas Malaysia - Vincent Tan USD 1.3 billion, 56, married, 11 children.
Berjaya Group - Tiong Hiew King USD 1.1 billion, 78, married, 4 children.
Rimbunan Hijau Group, Tri-M Technologies - Azman Hashim USD 700 million, 68, married, 5 children.
AMCorp Group, Ambank - William H. J. Cheng USD 660 million, 65, married, 3 children.
Lion Group - Lee Swee Eng USD 495 million, 52, married.
KNM Group - Ong Beng Seng USD 470 million, 63, married, 2 children.
Hotel Properties Ltd, Natsteel - Lim Kok Thay USD 345 million, 56, married, 3 children.
Genting Group, Star Cruises. Alliance Global - Vinod Sekhar USD 320 million, 40, married, 2 children.
Petra Group, Green Rubber Global - Lee Oi Hian USD 300 million, 57, married, 4 children.
Kuala Lumpur Kepong, Crabtree & Evelyn - Yaw Teck Seng USD 295 million, 70, married.
Samling Group - Anthony Fernandes USD 290 million, 44, married.
AirAsia, Tune Hotel, AirAsia X - Mokhzani Mahathir USD 285 million, 47, married, 5 children.
Kencana - Kamarudin Meranun USD 280 million, 47, married, 5 children.
AirAsia, Tune Hotel, AirAsia X - Jeffrey Cheah USD 275 million, 63, married, 3 children.
Sunway Group - Lee Hau Hian USD 250 million, 55, married, 1 children.
Batu Kawan, Kuala Lumpur Kepong - Chong Chook Yew USD 245 million, 86, widow, 4 children.
Selangor Properties - Yaw Chee Ming USD 240 million, 49, married.
Samling Group - G. Gnanalingam USD 230 million, 63, married, 3 children.
Westports - Lim Wee Chai USD 200 million, 50, married, 2 children.
Top Glove - Kua Sian Kooi USD 195 million, 55, married, 4 children.
Kurnia Asia - Lau Cho Kun USD 185 million, 72, married.
Gek Poh Holding, Malaysian Mosaics, Hap Seng - Abdul Hamed Sepawi USD 180 million, 58, married, 2 children.
Ta Ann - David Law Tien Seng USD 165 million.
Midwest, Sinosteel, T.S.Law Holding - Tiah Thee Kian USD 163 million, 61, married, 5 children.
TA Enterprise - Liew Kee Sin USD 160 million, 50, married, 4 children.
SP Setia - Ahmayuddin Ahmad USD 155 million, 51, married, 4 children.
Westports, Pelikan - Eleena Azlan Shah USD 150 million, 48, married.
Gamuda - Lin Yun Ling USD 145 million, 53, married, 2 children.
Gamuda - Ong Leong Huat USD 130 million, 64, married, 4 children.
OSK Group - Lim Thian Kiat USD 115 million, 50, divorced.
Former head of conglomerate Multi-Purpose - Khoo Kay Peng USD 110 million, 69.
MUI, Laura Ashley - Nazir Razak USD 100 million, 41, married.
CIMB, Bumiputra Commerce Holdings
Bicara Siti Suraida .. dalam 40 orang terkaya di Malaysia, yang menarik hati aku cuma sorang je, Syed Mokhtar AlBukhary...Respek kat dieeeee, you know why??? One day I will tell you why ok, bye...
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