Collective net worth of Malaysia's richest rebound 14% yoy Ranking Name Net worth (US$, billion) 1 Tan Sri Robert Kuok 12.2 2 Tan Sri Quek Leng Chan 9.6 6 Datuk Lee Yeow Chor & Lee Yeow Seng 4.9 9 Tan Sri Chen Lip Keong 3.4 Contents1 Who is the richest person [] Among the hardest hit were casino moguls Chen Lip Keong and Lim Kok Thay (No 11, US$2.55 billion). No. Top 10 richest people in Malaysia 1. Shares in Press Metal Aluminium Holdings Bhd were up as metal prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to the third place with a net worth of US$6.4 billion. Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track . The list can also include foreign citizens with business, residential or other ties to the country, or citizens who dont reside in the country but have significant business or other ties to the country. All Rights Reserved. Yeow Chor is the group managing director and chief executive of IOI Corp while Yeow Seng is the executive vice chairman of IOI Properties. A-Ks wealth is worth is $5.7 billion where his wealth is widely attributed to his ownership of Measat and Maxis, the satellite and telecommunications leader in Malaysia. Tan Sri Chen Lip Keong, founder of Hong Kong-listed NagaCorp Ltd which owns and manages the largest hotel and gaming resort in IndoChina NagaWorld takes the ninth place with a net worth of US$3.4 billion. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. The total combined net worth of all these billionaires is estimated at US$13.1 trillion, up from US$8 trillion in last year. . Malaysia: 2.1 billion: palm oil, property 1513: Kuan Kam Hon & family Malaysia: 2 billion: rubber gloves 1513: Lim Kok Thay Malaysia: 2 billion: casinos 1729: G. Gnanalingam Malaysia: 1.7 billion: ports 1818: Lim Wee Chai Malaysia: 1.6 billion: rubber gloves 1818: Tan Yu Yeh Malaysia: 1.6 billion: retail 1818: Kie Chie Wong Malaysia: 1.6 . Quek Leng Chan, the second-generation head of the privately held Hong Leong group, remains at No. ServiceNow general counsel Russ Elmer on the transformative power of legal dashboards. Ellen Pao, CEO of Project Include, Ann Mei Chang, CEO of Candid, and Nabiha Syed, CEO of The Markup could have left Reddit, Google, or Buzzfeed for another tech company, but they chose to make a career pivot and accelerate the impact and scale of solutions to the worlds most intractable challenges. Robert Kuok remains the richest Malaysian while the newcomers on the billionaires' list include WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming. That means a business can be seen by almost 72% of the entire population in this country. 49 with US$325 million), a co-founder of ViTrox Corp Bhd, a maker of high-precision machine inspection systems. But the country is now grappling with a surge of Covid-19 cases. See the full list here. Rounding up the next order of billionaires are: Tan Sri Jeffrey Cheah at #2,263 (Sunway Group, US$1.3 billion), Tan Sri Syed Mokthar Albukhary at #2,378 (MMC Corp, DRB HICOM, US$1.2 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion) and Tan Sri Surin Upatkoon at #2,674 (US$1 billion). The richest man in Malaysia for so many years running is one of the most, The blockchain industry has been moving very rapidly across the world in the past few years and Malaysia is not any different. 2 with US$9.6 billion. 14 with US$1.4 billion), who controls Kossan Rubber Industries Bhd with his siblings, and Datuk Seri Stanley Thai (at No. Meet Malaysia's richest and find out how much they're worth. This is almost double of his net worth 5 years ago. However, despite the increase in wealth, Quek also dropped from position 147 in 2020 to being the 243rd richest man in the world in 2021. There are five newcomers on this years list. Updated August 12, 2021 . Seven from last years list dropped out, notably the AirAsia duo, namely Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. They are Tan Eng Kee (No. YouTube is one of the most-used social media platforms in Malaysia. But the country is now grappling with a surge of Covid-19 cases. Sign up as a PRO agent for only RM2.19 a day. Quek is the co-founder of Hong Leong Group Malaysia and is currently the chairman and CEO. KUALA LUMPUR: Tycoons on the 2021 Forbes Malaysia Rich List have seen a rebound in their collective wealth as it rises 14 per cent to nearly US$90 billion this year, after declining for two years. Interested in new property launches in Malaysia? Group, a listed home improvement chain, are the richest newcomers with $2.7 billion. Combined net worth of $6.4 billion, Koon Poh Keong and his 4 brothers are the team behind Press Metal Aluminium Holdings, one of the largest producers of steel products in the world. Forbes Malaysia 50 Rich List 2021: Robert Kuok leads again with 21 other property tycoons. This story appears in the June 30, 2021 issue of Forbes Asia. Queks wealth comes mostly from his stakes in Hong Leong and he is involved in real estate and food businesses as well. 10 spot as the richest newcomers on the list. 22, US$965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Datuk Ng Chai Eng (No. 1 despite his fortune falling 10% to US$11 billion. It comes with a guaranteed monopoly until 2035 and is the largest casino resort in that region. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. 9. 20 with US$1.1 billion), who co-founded and runs Supermax Corp Bhd with his wife Datin Seri Cheryl Tan. Palm oil plantation, shipping and property, Oregon Group, Media Chinese International and Rimbunan Hijau Group, Property development, media and forestry concessions, Tan Sri Datuk (Dr) Francis Yeoh & siblings, property, construction, financial services. 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No. The cutoff for the list increased to $315 million from $255 million last year. We have curated a list of the most-followed YouTubers in . As of April 2021, the magnate is the wealthiest individual in Malaysia and 104th in the world . vercoming pandemic pains and the impact of flash floods in December, Malaysias economy grew 5% in the first quarter of 2022, buoyed partly by a recovery in domestic demand. Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list. David Oyedepo comes from Nigeria and he is the founder of Living Faith Church Worldwide, also . Forbes Medias brand extensions include real estate, education and financial services license agreements. Being compared to your competition can be good for your business, but even better is being seen as a leader among your competitors. Five new entrants added a fresh dimension to the list this year. The other two property tycoons in the top ten list are brothers Datuk Lee Yeow Chor and Lee Yeow Seng of IOI Group at sixth place with a net worth of US$4.9 billion. 5 Profiles of the 100 richest people in Indonesia, the latest of Forbes version The late Tan Sri Lee Shin Cheng of IOI Corporation was the fifth richest Malaysian in 2016. At the age of 97, the billionaire has a variety of business activities which he has been involved with such as palm oil and shipping. 22 with US$965 million), a co-founder of Greatech Technology Bhd, a maker of factory automation equipment; Datuk Ng Chai Eng (at No. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year. In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers, it said. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding $3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. The Tan brothers founded Mr D.I.Y Group in 2005, a home improvement retail chain. April 2021. 11 with US$2.55 billion). Price: Single User License: US $ 2900 . In a pandemic year, as global demand for such protective gear exploded, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. All rights reserved. The patriarch, who presides over a property and commodities empire, has a fortune of $12.2 billion and at age 97 is the oldest member of the list. 20, US$1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. Yeow Chor and Yeow Seng are the sons of the late Tan Sri Lee Shin Cheng, a business magnate and philanthropist who founded IOI Group - a conglomerate that focuses on palm oil plantation, property, retail and hospitality. The combined wealth of malaysia's 50 richest was down 10% from a year ago to $80.5 billion. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. Robert Kuok continues to top the list. While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, Malaysia's richest saw their combined wealth rise 14% to nearly $90 billion, after two years of decl. The new episode of the series, released after Syed was released, was the most popular episode on Apple podcasts. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion). Robert Kuok(pix) continues to top the list. You may opt-out by, The Memo: Plant-Based Laptops, BMWs Hybrid SUV & The Worlds Best Beach, 15 Ways To Build An Organizational Culture That Promotes True Gender Equality, 15 Ways To Get Comfortable With Not Always Having The Answer As A Leader, Pitching Your Startup In A Remote-First World, How Digital Marketing Can Be A Game Changer For Healthcare Providers, How Loyalty Programs Can Help Brands During A Recession, How To Surround Yourself With The Right People And Find Business Profitability. They areTan Eng Kee, cofounder of Greatech Technology, a maker of factory automation equipment;Ng Chai EngandLau Chee Kheong, cofounders of engineering services firm UWC; andSteven Siaw Kok Teng, cofounder of ViTrox, a maker of high-precision machine inspection systems. 2023 Forbes Media LLC. 10 with US$2.7 billion. Share to Linkedin. While there have, A new digital currency is set to be in the horizon. See the full listhere. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from US$79 billion a year ago, it said. By taking time to collect and analyze your data in strategic ways, you can make wiser decisions for your business. Copyright 2023 Sun Media Corporation Sdn. This year also saw the return ofLim Kuang Sia, who controls Kossan Rubber Industries with his siblings, andStanley Thaiwho cofounded and runs Supermax Corp. with his wifeCheryl Tan. Seven from last year dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Kuala Lumpur Kepong Berhad is a Retail company incorporated in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad with a market capitalisation of approximately RM21.687 billion at the end of September 2021. Among them are brothers Tan Yu Yeh and Yu Wei of Mr D.I.Y. ", Sign up to get breaking news, unique insights, event invites and more from EdgeProp. Tel: +603-7784 6688 Fax: +603-7785 2624 / +603-7785 2625, Level 4, Lot 6 Jalan 51/217,46050 Petaling Jaya, Selangor,Malaysia. Low-profile Syed Mokhtar AlBukhary started as a rice trader after dropping out of high school. It said the reversal of fortune can partly be attributed to the countrys dominant position as a medical glove maker to the world. 8, $3.5 billion) of Top Glove, ranked in the top ten. Addressing The Talent Gap In High Tech: If You Build It, Will They Come? 1. shell. Kuan Kam Hon is one of the latest additions in the richest people in Malaysia for 2021 due to the COVID-19 pandemic. Among the top 10 richest in Asia are (from left) Robert Kuok, Quek Leng Chan and Koon Poh Keong. Four property developers are on the top ten richest list, with Kuok Group's owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. For more information, visit www.forbes.com/malaysia . They are the Tan brothers of MR DIY Group (M) Bhd, Tan Sri G. Gnanalingam of Westports Holdings Bhd, and Tan Eng Kee of Greatech Technology Bhd.. The next top five richest Malaysians in descending order according to the list are: Tan Sri T. Ananda Krishnan at #476 (Astro, US$5.8 billion), Tan Sri Teh Hong Piow at #486 (Public Bank Bhd, US$5.7 billion), Datuk Lee Yeow Chor and brother Lee Yeow Seng at #550 (IOI Group, US$5.1 billion), Tan Sri Koon Poh Keong, #727 (Press Metal, US$4 billion), and Kuan Kam Hom and family at #752 (Hartalega Holdings, US$3.9 billion). According to the international financial magazine, Malaysian tycoons on the list saw a rebound in their collective wealth with a 14% increase to nearly USD90 billion (about RM370.98 billion) this year following a two-year downward trend. The company planted area is around 283,751 hectares. 2 with US$9.6 billion. Albukhary also has a stake in Media Prima, which owns the New Straits Times Press. KUALA LUMPUR (June 3): Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion (about RM370.98 billion) this year, after declining for two years, said Forbes Asia.In a statement today, Forbes Asia said Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the . As of February 2023, the 65-year-old is among the top 10 richest people in the . You may opt-out by. Robert Kuok continued to top the list. 49, US$325 million), cofounder of ViTrox, a maker of high-precision machine inspection systems. Two men involved in Jalan Ipoh crash test positive for drugs, Pemandu, penumpang positif dadah sebabkan kemalangan di Jalan Ipoh ditahan, Mbappe breaks Cavani record to become PSGs all-time leading scorer, Banjir: Demi kelangsungan hidup, peniaga burger teruskan perniagaan, Marianne Williamson formally announces bid for us presidency in 2024. With property tools like the Edge Reference Price, Past Transacted Prices, Home Advisor Report as well as Area and Project insights, you have all the resources you need to make better property decisions, anytime and every time. Next on the list is Hong Leong Group's Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year. #19 Tiong Hiew King & family on the 2022 Malaysia's 50 Richest - Tiong Hiew King holds forestry concessions in 16 countries as well as property, oil-and-gas, Page's net worth went from just below $52 billion in March 2020 to the current $86.9 billion. 37, US$450 million) and Lau Chee Kheong (No. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. 38, US$445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. Like . 11, $2.55 billion). The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest . Bishop David Oyedepo - Net Worth $150 million. Although the Forbes Malaysia Rich List has been declining for the past two years, the 2021 list saw the collective net worth amounting to US$90 billion, a rebound by 14% from US$79 billion in the previous year. Check out our featured new launches by top property developers in Malaysia. According to Forbes, he overtook Bishop T.D jakes to claim this spot due to his many investments. Who is the richest man in malaysia 2021? The other four new entrants are all based in Penang, a busy tech hub, which benefited from US-China trade tensions as global companies sought to diversify supply chains. However, Forbes Asia said, the pandemic took its toll on 19 listees, whose fortunes fell. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. File picture by Mukhriz Hazim, Blinks are all systems go for a fabulous Blackpink concert, some arriving as early as 7am at Bukit Jalil, EPF refuses another round of withdrawal, says Bumiputera savings dropped 70pc during pandemic, After Pejuang applies to join Perikatan, Dr Mahathir says Mukhriz can do whatever he likes, Azalina: I wasn't involved in reappointing Idrus Harun as AG, Want to help flood-hit Chaah? With a net worth of USD260 mil cited by Forbes, Patrick has come a long way by successfully bringing . KUALA LUMPUR (June 3):Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion (about RM370.98 billion) this year, after declining for two years, said Forbes Asia. He is most fondly remembered as the 'Sugar King' having made and started his empire in the . DRB-HICOM sold a 49.9% stake in Malaysian car-maker Proton to Chinese auto group Zhejiang Geely in 2017. Copyright 1999-2023 The Edge Communications Sdn. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who dont reside in the country but have significant business or other ties to the country. His ranking has dropped in the past few years where he was once the second richest person in Malaysia and third richest in 2018. Here're Malaysia's Richest Men In 2018 And How They Got There Page 7. . Five of them feature among the 50 richest, with two,Lim Wee Chaiof Top Glove andKuan Kam Honof Hartalega Holdings, ranked in the top ten. The other four new listees are all based in Penang, a busy tech hub, which benefited from the U.S.-China trade war as global companies sought to diversify supply chains. Puan Sri Datin Chong Chook Yew. The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades.