Robert Kuok continues to top the list. They are Tan Eng Kee (No. Ways to search theedgemarkets.com content, by category: @category "corporate" "hot stock, Combine search: "high speed rail" @author "Bhattacharjee" @category "From the Edge", Robert Kuok with US$12.2 billion. 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. While the global list is actually losing members, two Malaysian executives join 234 . 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). Robert Kuok, a business magnate who presides over a property and commodities empire, remains at the top of the list with a net worth of US$12.2 billion. PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 billion) this year, after declining for two years. 9, $3.4 billion) and Lim Kok Thay (No. While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, the nations richest saw their combined wealth rise 14% to nearly $90 billion, after two years of decline. Forbes Medias brand extensions include real estate, education and financial services license agreements. 9. Kuan started out in construction back in 1969 after dropping out of school and then started Timol Weaving some 10 7ears later. Share to Linkedin. Age: 98 years old. He started the company with his wife Tong Siew Bee in 1991 to produce rubber gloves and has never looked back since it went 10 years after that. They are Tan Eng Kee (No. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. ARPA probably cut child poverty by about half, but the CTC expansion only caused about two-thirds of that reduction. Among the hardest hit were casino moguls Chen Lip Keong (No. Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. 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). Overall, 30 on the list saw their wealth decline, said Forbes in a statement today, adding that the minimum net worth to make the list this year was US$255 million, down from US$315 . Looking to buy, sell or rent? Koon Poh Keong & siblings; $6.4 billion. SINGAPORE The combined net worth of Singapore's 50 richest people rose by 25 per cent over the past . Mr Tan, the Malaysia-born . This takes the full utilization of your martech stack and knowing the tools you can draw out from it. Malaysia's 50 Richest 2022: Combined Wealth Declines To $80.5 Billion A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year . Copyright 2023 Sun Media Corporation Sdn. 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. Malaysia's 50 Richest. Being compared to your competition can be good for your business, but even better is being seen as a leader among your competitors. The allure of Europe prevails in 2023, with European residence and citizenship by investment programs retaining the top spots in Henley & Partners' latest rankings of the most sought-after investment migration programs in the world. He had since retired and is now non-executive chairman of the bank. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. As the only woman to have made it on this year's Forbes Malaysia's Top 50 Richest list, Puan Sri Datin Chong Chook Yew has earned the number one spot on our list. 2022 RANKING; Billionaire Secrets Malaysia's 50 Richest. 7 withUS$3.8 billion) of Hartalega Holdings Bhd and Tan Sri Dr Lim Wee Chai (at No. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. Find an agent with the right local expertise! It was designed to allow faster and cheaper transactions on the Ethereum blockchain. 11, $2.55 billion). 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. This story appears in the June 30, 2021 issue of Forbes Asia. 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. He is most fondly remembered as the 'Sugar King' having made and started his empire in the . In the first place, we have the media-shy billionaire Tan Sri Robert Kuok. See the full list here. They were the recent additions to the list of Malaysias richest, taking the tenth spot. Industries around shipping are successful since Malaysia has 7 major large ports that handle the transportation of goods in Asia and the rest of the world. This is the closest year even though we are already in 2021. A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year. The pandemic took its toll on 19 listees, whose fortunes fell. All rights reserved. As of March 4, 2023, Bernard Arnault had a net worth valued at $189 billion, making him the wealthiest person As of March 3, 2023, Gina Rinehart was the wealthiest person in Australia, with an estimated net worth of 29.2 As of March 3, 2023, Georg Stumpf was thewealthiest man in Austria, with an estimated net worth of 7.9 billion As of March 3, 2023, Jorge Paulo Lemann was thewealthiest man in Brazil, with an estimated net worth of 15.9 As of March 3, 2023, David Thomson was thewealthiest man in Canada, with an estimated net worth of 54.9 billion 4 technologies applied in most industries of the business world you should be familiar with, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine. His ranking has dropped in the past few years where he was once the second richest person in Malaysia and third richest in 2018. 1) Robert Kuok Hock Nien. 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. Prosecutors now have 30 days to either drop the case or request a new trial for Syed, whose life sentence for murder was challenged by the hit podcast Serial.. 2) Tan Sri Quek Leng Chan; US$9.6 billion, 3) Tan Sri Koon Poh Keong & siblings; US$6.4 billion, 4) Tan Sri Ananda Krishnan; US$5.8 billion, 6) Datuk Lee Yeow Chor & Yeow Seng; US$4.9 billion, 9) Tan Sri Chen Lip Keong; US$3.4 billion. 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. All rights reserved. KUALA LUMPUR, April 7 Malaysias Sugar King Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes annual Worlds Billionaires List. 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.. Quek also dropped from position 147 in 2020 to being the 243rd richest man in the world in 2021. 199301012242 (266980-X). Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. Group, a listed home improvement chain, who are the richest newcomers at No. Thailand's 50 richest on the 2021 Forbes list, led by the Chearavanont brothers, did well during the Covid-19 pandemic, with $28 billion added to their combined wealth over the past 15 months. Returning to the list were Tan Sri Lim Kuang Sia (at No. Among the top 10 richest in Asia are (from left) Robert Kuok, Quek Leng Chan and Koon Poh Keong. Unfolding Your Marketing Automation Swiss Army Knife Can Maximize Leads, How Women In Tech Are Transforming Social Impact. Quek is the co-founder of Hong Leong Group Malaysia and is currently the chairman and CEO. 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. All Rights Reserved. By launching ads on YouTube, a marketer may reach almost 24 million Malaysians. 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. Prosecutors are seeking a new trial for Syed, who was convicted of murdering his ex-girlfriend when he was 17 and whose story was featured on the popular podcast Serial, the Wall Street Journal reported. 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. Nevertheless, some of the businesses have emerged as winners due to the pandemic, for instance, glove makers. In a statement today, Forbes Asia said Malaysias pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the country is now grappling with a surge in Covid-19 cases. T Ananda Krishnan or A-K in short is fourth in the list of Malaysians wealthiest. KUALA LUMPUR, April 7 Malaysia's "Sugar King" Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes' annual World's Billionaires List.. Yeow Chor is the group managing director and chief executive of IOI Corp while Yeow Seng is the executive vice chairman of IOI Properties. O. vercoming pandemic pains and the impact of flash floods in December, Malaysia's economy grew 5% in . SINGAPORE (June 3, 2021) - Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after . 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. Who is the richest man in malaysia 2021? #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, The Forbes brand today reaches more than 140 million people worldwide every month through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. 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. 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. The combined wealth of malaysia's 50 richest was down 10% from a year ago to $80.5 billion. 10 with US$2.7 billion. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. Corporate User License: US $ 5800 . Shortages, Inflation And Cutbacks, Oh My: How Strong Marketing Automation Can Prevent Corporate Belt Tightening, Five Ways To Attain A Competitive Advantage Regardless Of Your Industry, Tips On Building Your Brand As A Successful Executive, DNA Cleared Adnan Syed, Prosecutor Says: Serial Subject Served More Than 20 Years In Prison, Serial Leads Apple And Spotify Podcast Charts After Adnan Syed Freed From Prison, Judge Releases Adnan Syed From Prison After Serial Podcast Questioned His Murder Conviction, Adnan Syed Case: Prosecutors Ask Judge To Vacate Murder Conviction At Center Of Serial Podcast, An Era Ended At AmBank When Veteran Banker Azman Hashim Stepped Down As Chairman, Unfazed By Lower Earnings, Brothers Behind Packaging And Property Firm Scientex Double Down On Expansion, Malaysias 50 Richest 2022: Combined Wealth Declines To $80.5 Billion, The Takedown: New French Movie Starring Omar Sy On Netflix, Malaysian Tycoon Syed Mokhtar AlBukhary Offers $714 Million To Take MMC Private, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Four property developers are on the top ten richest list, with Kuok Groups owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. December 31, 2014. Not everything has to be reinvented from scratch. The richest Malaysian today is none other than Mr Robert Kuok who despite having a small dip in his fortune in 2016 is still at the peak with wealth amounting to $12.1 billion. Puan Sri Datin Chong Chook Yew. In 2021, we see Top Glove joining its fellow glovemaker Hartalega in the Top 10 for the first time, while the MR DIY brothers secured the No. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. 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. His businesses have already expanded and performing well in other countries in the region which include Cambodia, Laos, Sri Lanka, Vietnam, Hong Kong and China. The combined wealth of Malaysias 50 richest was down 10% from a year ago to $80.5 billion. Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times . 37 with US$450 million) and Lau Chee Kheong (at No. Interested in new property launches in Malaysia? He has a net worth of $3.4 billion and where he is the first casino company to be listed in Hong Kong. Taking into account population figures makes a big difference in how a country is ranked for its wealth. Here are the top 20 richest countries in Asia based on GDP per capita taken from 2019 data listed by World's Richest Countries that is taken from statistics of the International Monetary Fund. Established in 1960, Maybank is the largest company in Malaysia with RM46 billion revenue generated in 2020, followed by TNB (RM45 billion), and Sime Darby (RM38 billion). I cover Asia's wealth and entrepreneurs from a base in China. Jakarta - Forbes Indonesia released the newest 100 richest people in Indonesia in 2020. Explore our latest articles: Records, Riches, Fortunes, Luxury, Wiki, Information and more on The Money Co J&T Express celebrates Hari Raya Aidilfitri with Most Awesome Raya campaign, AmanahRaya Syariah Income Fund Crossed RM200 Million Mark, ZTE to unveil more efficient, eco-friendly and cutting-edge products and solutions at MWC 2023, shaping digital innovation, OCBC Bank stays on track for being the wealth management bank of choice in Malaysia, Taking bite-sized steps to a better career, Subscribe to Editor's Picks & Mid-day email alert, EVENING 5: Najib, Arul Kanda acquitted in 1MDB audit case, NEWS: Najib's team hopes acquittal is beginning of many good things, NEWS: Arul Kanda freed in 1MDB audit case, EVENING 5: Vincent Tan and son resign from BCorp board, NEWS: Housewarming for Sunway International Schools new campus, Pandemic-era withdrawals significantly eroded savings levels of Bumiputera and Indian EPF members, says fund's CEO, EPF declares lower dividend for conventional savings of 5.35% for 2022, 4.75% for shariah, OPR bets to influence Bursa's performance in coming week, EPF posts first-ever drop in assets under management amid withdrawals, weak market conditions, Probe company deceiving investors of more than RM100m, says organisation's sec gen after lodging police report, Tan Sri Paul Koon Poh Keong and siblings (US$6.4 billion), Tan Sri Dr Teh Hong Piow(US$5.5 billion), Datuk Lee Yeow Chor and Yeow Seng(US$4.9 billion), Tan Sri Dr Chen Lip Keong(US$3.4 billion). The minimum net worth to make the list this year was US$315 million, up from US$255 million last year. ", Sign up to get breaking news, unique insights, event invites and more from EdgeProp. Forbes Malaysia 50 Rich List 2021: Robert Kuok leads again with 21 other property tycoons. COVID-19 saw many businesses closed or not allowed to operate but Mr. D.I.Y, selling essential items stood firm and operated through the various phases of the MCO in Malaysia. 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. The company started in 1986 with $50,000 and has since grown to become the largest integrated aluminum producer in Southeast Asia. More than 200,000 sale/rent listings and daily property news. Lim Peng Cheong and Lim Peng Jin saw their fortune fall as higher raw material prices squeezed profits at Scientex. 2,350 Talking Abo, Contoh Surat Kebenaran Berkahwin Dari Kedutaan, Pesta Buku Antarabangsa Kuala Lumpur 2017, Petua Hilangkan Bengkak Gusi Selepas Cabut Gigi, Kajian Kesihatan Dan Morbiditi Kebangsaan. The complete list can be found here, as well as in the latest issue of Forbes Asia, available on newsstands now. The only property app you need. . Robert Kuok continued to top the list. Copyright 1999-2023 The Edge Communications Sdn. However, the pandemic took its toll on 19 listees, whose fortunes fell. CLICK HERE FOR THE FULL INTRODUCTION AND METHODOLOGY, Unfazed By Lower Earnings, Brothers Behind Packaging And Property Firm Scientex Double Down On Expansion, An Era Ended At AmBank When Veteran Banker Azman Hashim Stepped Down As Chairman, The Wealth Of Malaysias Glove Producers Plunges As Pandemic Recedes, Mixed Blessing: Rising Commodity Prices Give A Boost To Malaysias Budget, Strong Demand, Global Disruptions Boost Fortunes Of Malaysias Palm Oil Tycoons, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Why is Polygon, All rights reserved. Seven from last years list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. With a net worth of $5.3 billion, Teh is associated with his stake in the third-largest banking group based on assets in Malaysia, Public Bank Berhad. In 2021, he delisted MMC Corp, which has been facing a string of challenges including drop in shipment volumes; higher operation costs and a slump in engineering contracts. Tan Sri Dr. Teh Hong Piow is never known to be a man who likes the limelight. IHH is one of the largest healthcare groups in the world by market capitalisation and are listed on the Main Markets of Bursa Malaysia and the Singapore Stock Exchange. 49, $325 million), cofounder of ViTrox, a maker of high-precision machine inspection systems. 21 billionaires have migrated to higher positions on the list of 50 richest persons when compared to their ranking last year. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. Forbes Middle East / While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, Malaysia's richest . As the co-founder of Selangor Properties Berhad, she is said to have been a hands-on leader, building the business with her husband from the ground up. The Chearavanont family retains No.1 spot in the Forbes Thailand Rich list with US$29.5 billion (938.6 billion baht), followed by the Chirathivat family with $21 billion (668.2 billion baht) and . Today, the bank is seen as one of the most profitable organizations in the region as well as among the most stable. Full Coverage of Malaysias Richest 2021: Reporting by Megha Bahree, Muhammad Cohen, Sean Kilachand, Nicole Lindsay, Anis Shakirah Mohd Muslimin, Suzanne Nam, Anuradha Raghunathan and Jessica Tan. Together with his brother Kuan Kam Peng, they have a collective net worth of $3.8 billion. BrothersTan Yu Yeh andYu Weiof Mr D.I.Y. Top 10 richest people in Malaysia 1. Bhd. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). Tel: +603-7784 6688 Fax: +603-7785 2624 / +603-7785 2625, Level 4, Lot 6 Jalan 51/217,46050 Petaling Jaya, Selangor,Malaysia. 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 . 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. 22 with US$965 million), a co-founder of Greatech Technology Bhd, a maker of factory automation equipment; Datuk Ng Chai Eng (at No. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest . The Wealth Of Malaysias Glove Producers Plunges As Pandemic Recedes, An Era Ended At AmBank When Veteran Banker Azman Hashim Stepped Down As Chairman, Unfazed By Lower Earnings, Brothers Behind Packaging And Property Firm Scientex Double Down On Expansion, Malaysias 50 Richest 2022: Combined Wealth Declines To $80.5 Billion, Strong Demand, Global Disruptions Boost Fortunes Of Malaysias Palm Oil Tycoons, Mixed Blessing: Rising Commodity Prices Give A Boost To Malaysias Budget, Malaysias Wealth Creation: Future Opportunities Lie In Digital And Services, Former HP Engineers Team Up To Find Defects In High-Tech Gear. 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. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. By Advertising.my, Cryptocurrency Trading in Malaysia(Bitcoin Exchanges), Tan Sri Dato Lee Oi Hian & Dato Lee Hau Hian, Robert Kuok now among the 100 richest in the world, Malaysia National Blockchain Infrastructure to roll out from new partnership, JCB to roll out trial CBDC with IDEMIA and Malaysias Soft Space, Polygon A Cheaper and Faster Platform for Ethereum. Koon Poh Keong is the Group Chief Executive Officer of Press Metal. The founder and ex-Chairman of Public Bank Berhad, Tan Sri Dato' Sri Teh Hong Piow is #5 in Forbes' Malaysia's 50 Richest 2020 and #233 in Forbes' Billionaires 2019. Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). 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. Billionaire Syed Mokhtar AlBukhary is offering 2.9 billion ringgit ($714 million) to buy out the minority shareholders of MMC Corp., betting that the ports and energy conglomerate will sustain its earnings recovery.