KUALA LUMPUR, Feb 16 (Bernama) — Robert Kuok, the sugar king who owns a string of five-star hotels in the region, retained his position as the richest individual in Malaysia with assets worth a staggering RM50.04 billion. with telecommunications tycoon T. Ananda Krishnan, who is worth RM45.78 billion, coming in a close second.
In third place is Public Bank chairman Tan Sri Teh Hong Piow, who moved up one notch with a fortune of RM12.77 billion, said the Malaysian Business magazine based on a survey of the 40 richest individuals in the country.
As in previous years, the wealth of the country’s top 40 individuals was assessed based on the value of their stakes in listed companies.
The survey also revealed Malaysia’s 40 richest individuals were collectively worth RM206.27 billion as at Jan 21, up 30 per cent compared with RM156.7 billion last year, boosted by the bullish stock market and an expanding economy.
“The overall increase is in tandem with the 20 per cent rise in the FBM KLCI benchmark,” it said.
The magazine said Ananda Krishnan’s wealth soared close to 70 per cent following Maxis’ higher valuations and his move to take private three of his listed companies.
In fourth place was IOI Corporation Bhd’s Tan Sri Lee Shin Cheng who is worth RM12.74 billion, followed by Genting Group’s Tan Sri Lim Kok Thay who was unchanged at number five and valued at RM10.89 billion.
Hong Leong Group’s Tan Sri Quek Leng Chan took sixth spot with a fortune of RM10.75 billion, while ranking seventh was Bumiputera entrepreneur Tan Sri Syed Mokhtar Albukhary of the Albukhary Foundation, who was valued at RM8.84 billion.
Tan Sri Lim Goh Tong’s widow, Puan Sri Lee Kim Hua, returned to the eighth spot with a fortune estimated at RM7.43 billion while Tan Sri Tiong Hiew King of Rimbunan Hijau Group was unchanged at ninth with a fortune of RM4.77 billion.
Singapore-domiciled tycoon, Ong Bee Seng, claimed the 10th spot, with assets worth RM3.98 billion, followed by AmBank Group chairman Tan Sri Azman Hashim with RM3.93 billion.
Berjaya Group’s Tan Sri Vincent Tan took the 12th spot with assets worth RM2.43 billion.
Other individuals who are in the top 20 richest man circle in the country are Datuk Lee Yeow Chor and Lee Yeow Seng of IOI Group, Datuk Seri Lee Oi Hian and Datuk Lee Hau Hian of Batu Kawan, Tan Sri Yeoh Tiong Lay of YTL Group, Tan Sri Lau Cho Kun of Hap Seng Consolidated, Datuk Mokhzani Mahathir of Kencana Petroleum and Tan Sri Jeffrey Cheah of Sunway Group.
There were three newcomers to the list, with two making a first-time entry, who were Tan Sri Leong Hoy Kum of Mah Sing Group Bhd, Datuk Seri Stanley Thai of Supermax Corporation Bhd and Datuk Tan Heng Chew of Tan Chong Holdings Bhd.
The full list of the 40 tycoons and details of their wealth appears in the magazine’s Feb 16th issue which also presents a list of the 10 richest tycoons on the ACE market.
It has been Pakatan Rakyat’s propaganda that the non-bumiputeras are being neglected and bumiputera especially the one labelled as UMNOputra are controlling the wealth of the nation. However, time and time again, every time the list of the richest guys in Malaysia the top 10 list, hardly to find bumiputera, except for Syed Albukhary.
I’m not trying to make this as political or racist sound alike, but I do hope readers be able to see that there lots of opportunities in Malaysia. Not limited to only bumiputera, even foreigners and our neighbouring nations are here to earn wealth in Malaysia.
Yes, there are some instances that bumiputera’s portion need to be looked into, as with the majority not able to make a living. Why? It will create instability and could create chaos as what have happened in Indonesia in the late 90’s crisis. Ever heard of hungry man is angry man?
So, do remember. Each of us do have a chance to make our life better, even economically. Yes, there may be some channel to help the bumiputeras as they make the largest majority in Malaysia and lots of them are still lagging behind, it does not mean the non-bumiputera do not have chances to earn better.
Question on the street: Much have been debated on the earnings of Barisan Nasional leaders’… how about those in Pakatan Rakyat… especially DS Anwar Ibrahim, Lim Kit Siang, and Karpal Singh…
Or are they living by donation given by people? Aiyoh.. so they are among the richest beggars.. are they?