98-year-old Robert Kuok, who has dominated the list for years, has remained at No. With a net worth of USD260 mil cited by Forbes, Patrick has come a long way by successfully bringing . After Maybank, CIMB is the second-largest Malaysian bank on the list, ahead of Public Bank (#7), RHB Bank (#17), Hong Leong Bank (#24), and Ambank (#25). Parth Jindal, representing JSW, . 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 . Among them are brothers Tan Yu Yeh and Yu Wei of Mr D.I.Y. Real estate development masterpieces: Shangri-La Hotels and Resorts, Cheras LeisureMall, The LINC KL. 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. Robert Kuok(pix) continues to top the 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.. 10 spot as the richest newcomers on the list. April 2021. Forbes' 36th annual ranking of the world's richest in 2022 saw a total of 2,668 billionaires on the list compared to the 2,755 featured last year. More than 200,000 sale/rent listings and daily property news. However, the pandemic took its toll on 19 listees, whose fortunes fell. 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. 'The Takedown,' directed by Louis Leterrier and starring Omar Sy and Laurent Lafitte, premiered on Netflix on May 6, and has already entered Netflix's Top 10 Movies in many countries, including Canada, France and the U.K. Malaysias Economic Transformation Programme, made the country appear in the financial news again. CEOWORLD magazine - Top Stories - Stats Gate - Malaysian Billionaires: These are the richest people in Malaysia, 2021. Malaysia's 50 Richest. Lim Peng Cheong and Lim Peng Jin saw their fortune fall as higher raw material prices squeezed profits at Scientex. Among the hardest hit were casino mogulsChen Lip KeongandLim Kok Thay. Stock Symbol : PCHEM [5183] Market Cap : RM66.080 billion Revenue : RM23.025 billion Net Profit : RM7.319 billion. Report Description; Table of Contents; The research report includes specific segments by region (country), by manufacturers, by Type and by Application. 38, $445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. 2 with $9.6 billion. 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. Lee Yeow Chor & Yeow Seng ranked 6th with a personal wealth of $4.8 billion, followed by Lim Wee Chai with $4.3 billion. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. Returning to the list were Tan Sri Lim Kuang Sia (at No. 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. Tan Sri Dr. Teh Hong Piow is never known to be a man who likes the limelight. 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. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. 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. The cutoff for the list increased to $315 million from $255 million last year. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No 8, US$3.5 billion) of Top Glove, ranked in the top ten. 2023 Forbes Media LLC. 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. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. Today, the bank is seen as one of the most profitable organizations in the region as well as among the most stable. Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track . Closing Up The Top Five Richest People In Malaysia Is Tan Sri Koon Poh Keong, The Group Ceo Of Southeast Asia's Largest Integrated . Kuan started out in construction back in 1969 after dropping out of school and then started Timol Weaving some 10 7ears later. 37 with US$450 million) and Lau Chee Kheong (at No. Five new entrants added a fresh dimension to the list this year. Like . Lim, 70 was ranked No 11 on Forbes Malaysia's 50 Richest 2021 and Billionaires 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. The Harnessing Data Science for Health Discovery and Innovation in Africa program is a prime example of a project that utilizes technology, human knowledge and innovative thinking to rapidly . Next are Tan Sri Lim Wee Chai at #859 (Top Glove, US$3.5 billion), Tan Sri Lim Kok Thay at #1,174 (Genting, US$2.7 billion), Datuk Seri Lau Cho Kun at #1,444 (Hap Seng, US$2.2 billion), Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion) and Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion). Mr Tan, the Malaysia-born . ARPA probably cut child poverty by about half, but the CTC expansion only caused about two-thirds of that reduction. managing director, and CEO of Farm Fresh, has made his debut on the Malaysia's 50 Richest list by Forbes this . Meanwhile, the pandemic took its toll on 19 listees, whose fortunes fell. Forbes champions success by celebrating those who have made it, and those who aspire to make it. The minimum net worth to make the list this year was $315 million, up from $255 million last year. 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. Jakarta - Forbes Indonesia released the newest 100 richest people in Indonesia in 2020. While there have, A new digital currency is set to be in the horizon. They were the richest newcomers at No. But the country is now grappling with a surge of Covid-19 cases. This story appears in the June 30, 2021 issue of Forbes Asia. GDP per capita is often . Addressing The Talent Gap In High Tech: If You Build It, Will They Come? No. This is a BETA experience. #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, Quek Leng Chan, the second-generation head of the privately held Hong Leong group, remains at No. It was designed to allow faster and cheaper transactions on the Ethereum blockchain. By taking time to collect and analyze your data in strategic ways, you can make wiser decisions for your business. 7, US$3.8 billion) of Hartalega Holdings and Lim Wee Chai (No. Robert Kuok still on top as wealth of Malaysia's super rich increases after two years of decline. Forbes Asia said the patriarch, who presides over a property and commodities empire, had a fortune of US$12.2 billion and at age 97 was the oldest member of the list. 11 with US$2.55 billion). Like Hartalega, Top Glove saw demand for gloves increase that pushed Lims wealth up the ranking. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. 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. . 03-06- 2021 09:35 AM. This came after the announcement that JCB will be launching a pilot project that, What is Polygon Crypto? According to Forbes Asia, five of them were among the 50 richest, with two, Kuan Kam Hon (at No. Low-profile Syed Mokhtar AlBukhary started as a rice trader after dropping out of high school. David Oyedepo comes from Nigeria and he is the founder of Living Faith Church Worldwide, also . He is most fondly remembered as the Sugar King having made and started his empire in the sugar cane and sugar industries. 20, $1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. 37, US$450 million) and Lau Chee Kheong (No. 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. The other four new entrants are all based in Penang, a busy tech hub, which benefited from U.S.-China trade tensions as global companies sought to diversify supply chains. THREE NEWCOMERS IN TOP 50. 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. 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. 10 with $2.7 billion. Tel: +603-7784 6688 Fax: +603-7785 2624 / +603-7785 2625, Level 4, Lot 6 Jalan 51/217,46050 Petaling Jaya, Selangor,Malaysia. Top 10 Malaysian Women's Clothing Stores For Online Shopping. With a combined wealth of $4.5 billion, they have been working together to build the group known for its flagship property development projects and businesses in the plantations sector. 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. Group, a listed home improvement chain, who are the richest newcomers at No. 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. Among the hardest hit were casino moguls Tan Sri Dr Chen Lip Keong (at No. 10 with US$2.7 billion. Looking for more exposure? 21 billionaires have migrated to higher positions on the list of 50 richest persons when compared to their ranking last year. JUNE 08, 2022, 06:00 PM. Bhd. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges; Full List: The World's Highest-Paid Actors . Robert Kuok-$11 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. In the first place, we have the media-shy billionaire Tan Sri Robert Kuok. Buy Now. 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. 1) Robert Kuok Hock Nien. Copyright 2023 Sun Media Corporation Sdn. The pandemic took its toll on 19 listees, whose fortunes fell. Hong Leong Groups Executive Chairman Tan Sri Quek Leng Chan sits on the second spot with a wealth of $9.6 billion. 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. Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times . 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). While the stock market dipped slightly in the past 12 months, currency fluctuations saw the ringgit drop 6%. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. 2021. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest . Interested in new property launches in Malaysia? 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. As of April 2021, the magnate is the wealthiest individual in Malaysia and 104th in the world . EdgeProp.my is Malaysia's most useful property website for home buyers and investors. All Rights Reserved. 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. Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list. ", Sign up to get breaking news, unique insights, event invites and more from EdgeProp. 2 with US$9.6 billion. 8, US$3.5 billion) of Top Glove, ranked in the top ten. (Photo by Reuters). Place of birth: Johor Bahru, Johor. This story is part of Forbes' coverage of Malaysias Richest 2021. 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. 22, $965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Ng Chai Eng (No. 1. The government focuses on helping the 40% of the countys poorest population. Robert Kuok. Who is the richest man in malaysia 2021? PETALING JAYA: The wealth of Malaysia's 50 richest saw a rebound in their collective wealth as it . To date, the Mr. D.I.Y stores carry all types of products and have since expanded to more than 650 stores across the country. The wealthiest of Mexico's 38 billionaires, Carlos Slim Hel reigned supreme as the world's richest person between 2010 and 2013, when he was knocked off the top spot by Bill Gates. As of February 2023, the 65-year-old is among the top 10 richest people in the . 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. 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 . 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. None of them, however, were wealthy enough to dislodgeRobert Kuokfrom his long-held perch as No. 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. 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. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. According to the Forbes list, there are 16 billionaires in Malaysia, with Kuok listed under Hong Kong. Tan Sri Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. get to know the best companies to work for in malaysia. 20. It said the reversal of fortune can partly be attributed to the countrys dominant position as a medical glove maker to the world. However, it's not all bad news . You may opt-out by. A Malaysia national flag flies outside the Ministry of Finance building complex in Putrajaya, [+] Malaysia. Together with his brother Kuan Kam Peng, they have a collective net worth of $3.8 billion. DRB-HICOM sold a 49.9% stake in Malaysian car-maker Proton to Chinese auto group Zhejiang Geely in 2017. The complete list can be found at www.forbes.com/malaysia, as well as in the latest issue of Forbes Asia. 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No. Known for being a self-made billionaire where he started out as a bank clerk, Tan Sri Teh is an inspiration for many after establishing Public Bank in 1966. This button displays the currently selected search type. 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. EDITED BY NAAZNEEN KARMALI. 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. The minimum net worth to make the list this year was US$315 million, up from US$255 million last year. Forbes Malaysia 50 Rich List 2021: Robert Kuok leads again with 21 other property tycoons. He had since retired and is now non-executive chairman of the bank.
