Monday, July 16, 2012

Top 10 Richest People in Malaysia


Tan Sri Datuk Sir Tiong Hiew King

Asset: Estimated at RM 3.81 Billion
Company: Rimbunan Hijau Group

Tan Sri Datuk Sir Tiong Hiew KingTan Sri Datuk Sir Tiong Hiew King
Tan Sri Datuk Sir Hiew-king Tiong is the Malaysian Chinese founder and chairman of the Rimbunan Hijau Group, a timber company founded in 1975. Its overseas timber operations in Papua New Guinea are the largest in that country. He also has interests in logging operations in Russia.
Tan Sri Datuk Tiong resides in Sibu, a town in Sarawak, of Borneo island that belongs to Malaysia. With a reported net worth of about US$1.2 billion in July 2012.
Tiong’s Rimbunan Hijau Group also controls Sin Chew Jit Poh and Guang Ming Daily, two of the major Chinese national dailies in Malaysia, The National Daily in Papua New Guinea and Ming Pao Holdings Ltd in Hong Kong. He is forging a global Chinese publishing group with his Ming Pao Enterprises; Ming Pao newspaper is also available in San Francisco (no longer in business since Feb. 15, 2009), New York, Vancouver and Toronto.

Tan Sri Dato’ Vincent Tan

Asset: Estimated at RM 3.97 Billion
Company: Berjaya Group

Tan Sri Dato' Vincent TanTan Sri Dato’ Vincent Tan
Tan Sri Dato’ Seri Vincent Tan Chee Yioun (born 1952) is the current owner of Cardiff City F.C. and also is the Chairman and Chief Executive of Berjaya Corporation Berhad, which controls a wide array of businesses which includes golfing, property, resorts, and gambling in a group known as the Berjaya Group. He operates the second pay-TV service in Malaysia, MiTV, that was launched in September 2005. In 2010 he entered the Forbes billionaire list with an estimated worth of US$1.3 billion (RM4.2 billion). Tan’s success in the Malaysian business sector has been attributed in part to his close association with prominent Malay political figures.
Tan was born in 1952, in Batu Pahat, Johor. He worked as a clerk and an insurance agent before going into business in the 1980s. In 1982 he purchased Malaysia’s McDonald’s franchise and in 1985 he bought Sports Toto when the lottery agency was privatized by the government.[4] Vincent Tan has had close links with Mahathir Mohamad and his family, the ex-prime minister of Malaysia. Vincent Tan obtained the license of his lottery business from an untendered privatization in 1985 (Studwell, Joe; Asian Godfathers, page 130, Grove Press, 2007)
On 23rd of February 2012, Vincent has decided to retire from an active corporate role in (B-Corp), the flagship of the Berjaya Group of Companies.

Tan Sri Syed Mokhtar Al-Bukhary

Asset: Estimated at RM 7.91 Billion
Company: Albukhary Foundation

Tan Sri Syed Mokhtar Al-BukharyTan Sri Syed Mokhtar Al-Bukhary
Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary is the richest Bumiputra corporate figure in Malaysia. With involvement in diversified business areas which include transportation and logistics, plantations, property development, defense and armory as well as engineering and power generation, he has a net worth estimated to be US$2.5 billion according to Forbes in July 2012, making him the 8th richest Malaysian.

Tan Sri Dato’ Seri Dr. Yeoh Tiong Lay

Asset: Estimated at RM 8.57 Billion
Company : YTL Corporation

Tan Sri Dato' Seri Dr. Yeoh Tiong LayTan Sri Dato’ Seri Dr. Yeoh Tiong Lay
Tan Sri Dato’ Seri Dr. Yeoh Tiong Lay is a Malaysian business tycoon and a prominent philanthropist. He founded YTL Corporation, Malaysia’s biggest and most successful conglomerate with interests in construction, utilities, hotels, property development and technology. YTL is based primarily in Malaysia but has extensive operations in Asia, Australia and the United Kingdom, where it owns the utility Wessex Water. YTL Corp has over $3 billion in cash.

Tan Sri Teh Hong Piow

Asset: Estimated at RM 14.93 Billion
Company: Public Bank

Tan Sri Teh Hong PiowTan Sri Teh Hong Piow
Tan Sri Dato’ Seri Dr. Teh Hong Piow, the Chairman of Public Bank Berhad in Malaysia, was born in Singapore on 14 March 1930. He attended his formal primary and secondary education at the Anglo-Chinese School in Singapore. He has been married to Puan Sri Tay Sock Noy since 1956 and they have four children – three daughters and a son.
He began his banking career in 1950 as a Bank Clerk in Overseas-Chinese Banking Corporation Ltd. and rose in rank to officer within five years. He joined Malayan Banking Berhad as Manager in 1960. Later in 1964, he was promoted to the position of General Manager at the young age of 34. Teh then left Malayan Banking in 1966 to set up Public Bank.
One of Malaysia’s wealthiest businessmen, Piow obtained three degrees at the unaccredited Pacific Western University and two PhDs at Clayton University (also unaccredited) and University Malaya. His net worth is estimated by Forbes to be US$4.7 billion.

Tan Sri Quek Leng Chan

Asset : Estimated at RM15.24 Billion
Company : Hong Leong Group

Tan Sri Quek Leng ChanTan Sri Quek Leng Chan
YBhg Tan Sri Quek Leng Chan (born 1941, Singapore) is a Malaysian tycoon who co-founded Hong Leong Group Malaysia. He is one of the richest men in Malaysia with an estimated net worth of US$4.8 billion according to Forbes in July 2012.
YBhg Tan Sri Quek Leng Chan studied in Victoria School in Singapore and is qualified as a Barrister-at-Law from Middle Temple, United Kingdom. He has extensive business experience in various sectors, including financial services, manufacturing and real estate. He is the Chairman & Chief Executive Officer of Hong Leong Company (Malaysia) Berhad (“HLCM”), Executive Chairman of Hong Leong Industries Berhad (“HLI”), Hume Industries (Malaysia) Berhad (“HIMB”), Hong Leong Financial Group Berhad, GuocoLand (Malaysia) Berhad, Camerlin Group Berhad and Chairman of Hong Leong Bank Berhad, HLG Capital Berhad (“HLG”), Hong Leong Assurance Berhad, Hong Leong Islamic Bank Berhad and Hong Leong Foundation (“HLF”).
Quek oversees the Malaysian operations of the Hong Leong Group while his cousin and fellow billionaire Kwek Leng Beng oversees the Singapore operations.

Tan Sri Lee Shin Cheng

Asset: Estimated at RM15.88 Billion
Company: IOI Group
Tan Sri Lee Shin ChengTan Sri Lee Shin Cheng
Tan Sri Dato’ Lee Shin Cheng is a Malaysian Chinese business magnate who is heavily involved in the plantation industry.
Lee Shin Cheng heads IOI Corporation Berhad (or better known as IOI Group) as its executive chairman. IOI Group was by Forbes in 2012 a palm oil and real estate development giant. It owned refineries in the U.S. and the Netherlands and won a $322 million bid for a 6-acre plot in downtown Singapore for the residential buildings.
IOI, which is listed in Bursa Malaysia, is one of the world’s leading conglomerate managing oil palm plantations, specialty fats, oleo chemicals and property development activities in Malaysia, Indonesia, United States, and Europe. IOI refinery in Rotterdam, the Netherlands is the largest palm oil refinery in Europe. IOI’s oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives. IOI Group is also a leading real estate developer in Malaysia: projects include townships, shopping malls, condominiums, office towers and resorts.

Puan Sri Lee Kim Hua

Asset: Estimated at RM20.96 Billion
Company: Genting

Puan Sri Lee Kim HuaPuan Sri Lee Kim Hua
Widow of casino magnate Lim Goh Tong. Net worth up $1.4 billion as stocks of family’s Genting and Genting Hong Kong (previously named Star Cruises) both rose nearly 50% in the past year.

Tan Sri T Ananda Krishnan

Asset : Estimated RM30.17 Billion
Company : Usaha Tegas

Tan Sri T Ananda KrishnanTan Sri T Ananda Krishnan
Tatparanandam Ananda Krishnan (born 1938) is a Malaysian businessman and philanthropist of Sri Lankan Tamil origin. Nicknamed A-K, he is currently estimated to have a net worth of US$9.5 billion according to Forbes’ July 2012 list of wealthiest people, making him the second wealthiest in Southeast Asia behind Robert Kuok, and number 89 in the world.
Ananda Krishnan shuns public exposure and is known to maintain a low profile for a person of his stature.
Krishnan’s first entrepreneurial venture was a Malaysian consultancy Usaha Tegas. He set up Exoil Trading, which went on to purchase oil drilling concessions in various countries. Later, he moved into gambling (in Malaysia). In the early part of the 1990s, he started diversifying into the multimedia arena.
Currently, he has business interests in media (Astro), satellite (MEASAT), oil and gas (Bumi Armada, Pexco), telecommunications (Maxis, Aircel). He owns stakes in Tanjong Public Limited Company, an investment holding company with subsidiaries involved in power generation (Powertek), gaming (Pan Malaysian Pools), leisure (Tropical Islands, TGV Cinemas) and property.

Tan Sri Robert Kuok Hock Nien

Asset: Estimated RM61.93 Billion
Company: Kerry Group/ Kuok Group

Tan Sri Robert Kuok Hock NienTan Sri Robert Kuok Hock Nien
Robert Kuok Hock is an influential Malaysian Chinese businessman. According to Forbes his net worth is estimated to be around $12.5 billion on July 2012, making him the richest person in Malaysia and Southeast Asia.
Kuok is media-shy; most of his businesses are privately held by him or his family. Apart from a multitude of businesses in Malaysia, his companies have investments in many countries throughout Asia. His business interests range from sugarcane plantations (Perlis Plantations Bhd), sugar refineries, flour milling, animal feed, oil, mining, finance, hotels, properties, trading, freight and publishing. Biggest source of wealth is stake in Wilmar International, the world’s largest listed palm oil company. He was a student from the school Raffles Institution.