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For more information, visit the Forbes News Hub or Forbes Connect. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. Ananda Krishnan, 85, is the third Malaysian on this list at number 511, who has stakes in Maxis, Astro Malaysia Holdings, and Bumi Armada. Lim stepped down as chairman. Meanwhile, Amazon founder and CEO Jeff Bezos came in second on the list with a fortune of US$196 billion. The Full List of Malaysian Billionaires In 2023 - Who Are The Richest Laus son-in-law is Yaw Chee Ming, the CEO of Samling Strategic and himself one of the richest persons in Malaysia. This statistic is not included in your account. The diversified firm's interests include financial services, plantations and property. Ways to search theedgemarkets.com content, by category: @category "corporate" "hot stock, Combine search: "high speed rail" @author "Bhattacharjee" @category "From the Edge". Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. In addition to Malaysia, the bank serves millions of customers across Cambodia, China, Hong Kong, Sri Lanka and Vietnam. Knight Frank. 7 withUS$3.8 billion) of Hartalega Holdings Bhd and Tan Sri Dr Lim Wee Chai (at No. 10 with $2.7 billion. Through it, Krishnan holds stakes in oilfield services provider Bumi Armada, telecom major Maxis, satellite operator MEASAT and media firm Astro Malaysia Holdings. At number 699 is 61-year-old Koon Poh Keong with a net worth of US$4 billion. Malaysia Diversified 99 Lui Che-Woo . We will gather 30 of the craziest & supidest laws around the world. Malaysians in Forbes 2023 billionaires list: The newbies, returnees, and absentees, Circles.Life unveils new loyalty programme collect points and draw rewards via virtual Gatcha, A look at Tony Fernandes 21 yrs of entrepreneurship as he plans to step down as AirAsia CEO, Minecraft Legends is a blast, but this one thing may not make it worth its RM159 price. Are you interested in testing our business solutions? Have you had any clue that laws globally range from the weird and wonderful to the downright peculiar? Dan Snyder, the current owner of the team, is one of the world's richest people in sports. to incorporate the statistic into your presentation at any time. Not only one of Ethiopia's richest and a billionaire, but Samuel is also a role model representing what hard work and honesty can bring into one's life. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. "Number of Millionaires in Malaysia from 2015 to 2021, with a Forecast for 2026 (in 1,000s). Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. 2021 GRVTY Media Pte. Why You Have to Close Bedroom Door at Night? With two co-founders and just RM20,000 in capital, Chu launched ViTrox which was publicly listed in 2004 and now operates in over 22 countries around the world. However, his best-known business is the Shangri-La Hotels and Resorts, a chain he started in Singapore in 1971, which had its 100th hotel opened in Xiamen in China in 2017. The list was compiled using information from analysts, government agencies, the individuals, private databases, stock exchanges and other sources. Its stores sell products primarily in 10 categories, including toys, stationery, car accessories, electrical items, and computer and mobile accessories. Teh still has substantial stakes in the bank as well as in the listed insurance business, LPI Capital, where he is the non-executive chairman. Kuok was so successful in his sugar business in the early years that he once controlled 10 percent of the worlds sugar trade, earning the nickname the Sugar King of Asia. Today, much of his wealth is because of his stake in Wilmar International the worlds largest listed palm oil refiner, which was founded by Kuoks nephew, Kuok Khoon Hong. Ananda Krishnan is a Harvard Business School grad and former oil trader. They founded the retail chain Mr D.I.Y. Profit from the additional features of your individual account. 10 Of Malaysia's Richest, According To Forbes' 2021 List More: Mamee Double-Decker Scion Vuitton Pang Strikes Out on His Own. The younger Tan has been overseeing procurement and logistics for Mr D.I.Y. With a net worth of roughly US$12.2 billion, Robert Kuok is the wealthiest person in Malaysia for 2021, followed by Quek Leng Chan with $9.6 billion coming in second and Koon Poh Keong with $6.4 billion at third place. Quek Leng Chan is the executive chairman of Hong Leong Co. (Malaysia), which has interests in finance, property and food. 6. Based on MasterCMS Ultimate Edition v2.9 2020, The Most Important Holidays In Malaysia In 2023. 49 with US$325 million), a co-founder of ViTrox Corp Bhd, a maker of high-precision machine inspection systems. The nephew of Hap Seng Group founder, the late Tan Sri Lau Gek Poh, Tan Sri Lau Cho Kun is the largest shareholder in Hap Seng Consolidated. Table of Contents show. All rights reserved. What follows is the list of billionaires (in U.S. dollars) in Southeast Asia, issued for 2022. CEOWORLD magazine - Latest - Stats Gate - Ranked: Wealthiest People in Malaysia for 2021 Richest Malaysian Billionaires. You only have access to basic statistics. The Full List of Indian Billionaires In 2023 - Who Are Top 10 Richest People In India? Last week, analysts at Morgan Stanley forecasted Elon Musk to become the first trillionaire in the world from his space exploration business SpaceX. Products made by Hartalega Holdings are exported to over 40 countries across continents. 20 with US$1.1 billion), who co-founded and runs Supermax Corp Bhd with his wife Datin Seri Cheryl Tan. According to Forbes Asia, the minimum net worth to make the list this year was US$315 million, up from US$255 million last year. As for the luxury rides he may have in his possession, it is widely believed that Kuok is the owner of History Supreme the worlds most expensive yacht. Family members of royals or politicians are not included . Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. He was born on October 6, 1923, in Johor Bahru, Malaysia, and is widely regarded as the richest man in Malaysia. Bloomberg Billionaires Index 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. Number of millionaires in Malaysia from 2015 to 2021, with a forecast for 2026 (in 1,000s) [Graph]. This brought Loi Tuan Ees fortune, shared with his two siblings, to US$380 million (RM1.67 billion), making them the only newcomer to the Forbes list in 2022. READ MORE: Top 10 Richest Families in the World Today. Yeow Seng, on the other hand, was the CEO of IOI Properties until 2020. 7, $3.8 billion) of Hartalega Holdings and Lim Wee Chai (No. Nevertheless, Lim remained on Forbes list of the richest Malaysian billionaires with a net worth of USD 2.35 billion in 2022. 1. In This Video Shows - Top 10 Billionaires People In Malaysia 2022Please Don't forget to Like, Share and Subscribe to our ChannelSUBSCRIBE https://www.youtub. Robert Kuok and Teh Hong Piow slip down world's richest list as wealth Learn more about how Statista can support your business. How many billionaires are there in the UK? 8 yrs after winning MasterChef Msia, this dentist opened a cafe with her childhood bestie, Looking for a job? Robert Kuok-$11 billion Shares for Hartalega had more than doubled in 2020 but fell in 2021 due to the falling demand for rubber gloves. 1. ", Knight Frank, Number of millionaires in Malaysia from 2015 to 2021, with a forecast for 2026 (in 1,000s) Statista, https://www.statista.com/statistics/785029/malaysia-number-of-millionaires/ (last visited May 01, 2023), Number of millionaires in Malaysia from 2015 to 2021, with a forecast for 2026 (in 1,000s) [Graph], Knight Frank, January 23, 2022. Malaysia's 50 Richest 2022 - Forbes Akiko Seyoum Ambaye. Robert Kuok is also the oldest member of the list, at the prime age of 97. Business mogul and chairman of Usaha Tegas Ananda Krishnan comes in fourth with a net worth of US$5.8 billion, followed by Teh Hong Piow, founder and Chairman of Public Bank Berhad at US$5.5 billion, Top 21 billionaires in Malaysia in 2021, by net worth. Robert Kuok: $11.8 billion. The two brothers are at the helm of affairs at the palm oil and property conglomerate IOI Group, which was founded by their father, Lee Shin Cheng. Show sources information Number 1,725 is Lau Cho Kun, 87, who is the largest shareholder in Hap Seng Consolidated. He helms Penang-based conglomerate Oriental Holdings as its executive chairman, continuing the legacy of his late grandfather, automotive magnate Tan Sri Dato Loh Boon Siew dubbed Mr. The daily horoscope for 2 May, 2023 (Tuesday): Best Astrological Prediction for 12 Zodiac Signs in Love, Money, Job, Health and Lucky Numbers etc. There were 328 women listed on the world's billionaires as of 17 March 2021, up from 241 in March 2020. He was the second-richest man on Forbes list of Malaysian billionaires in 2022, with an estimated wealth of USD 10.1 billion. He established the internationally renowned Shangri-La Hotel and Resorts chain in Singapore in 1971. Kie Chie Wong, 75, has the bulk of his wealth coming from a minority stake in Fortescue Metals Group. The second son of the late Lim Goh Tong, founder of Genting, Lim Kok Thay is chairman ofGenting Group, a casinos, resorts and palm oil conglomerate. . Currently, Deputy chairman Lai Wan took over as non-executive chairman. In, Knight Frank. 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 declining for two years. Top 18 Richest Malaysians In Forbes 2023 Billionaire List Let's find out who is the richest person in India. Teh Hong Piow slips on global billionaire index despite adding to wealth We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. All rights reserved Email: [emailprotected]. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The company has businesses in hotels, real estate and commodities. Ranked as the 39th richest man in Malaysia, Datuk Loh Kian Chong is the youngest on the list. 2023 Tatler Asia Limited. Bhd. 8 with US$3.5 billion) of Top Glove Corp Bhd, ranked in the top 10. Forbes magazine annually ranks the world's wealthiest female billionaires. He is the chairman of Hong Leong Co., which has holdings in the food and financial industries in addition to real estate. ), (Main and Featured images: Josh Ye/South China Morning Post via Getty Images). By comparison, this figure was 49.4 percent in neighboring Singapore . Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. He has been supporting causes aimed at fighting poverty and made efforts to boost education through the Kuok Foundation since 1970. 8, $3.5 billion) of Top Glove, ranked in the top ten. The company was listed on the Malaysian stock exchange in October 2020 making them both billionaires. Oh currently ranks at #50 on Forbes' list of richest Malaysians. Fortunes often include assets owned by other family members. Malaysias 12th richest last year, Lee Oi Hian and Lee Hau Hian, did not make an appearance. During his career, he has won several awards, including the award for Greatest Malaysian Banker of All Time by the Asia Pacific Brands Foundation. Who are the Malaysian billionaires in Forbes' 2022 richest list? Krishnan graduated with an honours degree in political science, and he later earned a Masters in Business Administration from Harvard Business School. Must-read: How The World's Richest Are Responding To The Covid-19 Pandemic. It said the reversal of fortune can partly be attributed to the countrys dominant position as a medical glove maker to the world. List of Southeast Asian people by net worth - Wikipedia He established the internationally renowned Shangri-La Hotel and Resorts chain in Singapore in 1971. The Bloomberg Billionaires Index is a daily ranking of the worlds 500 richest people. Read on to find out the 10 richest Malaysians on the Forbes list this year. Robert Kuok continued to top the list. Yet, a total of 19 business tycoons in Malaysia were still listed as billionaires, with Robert Kuok taking the top spot. He passed away in December 2022. Catherine Ong, cell: +65 9697 0007,Email: cath@catherineong.com, Franz Navarrete, cell: +65 9653 6424,Email: franz@catherineong.com, This is a BETA experience. PETALING JAYA: The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago to US$80.5 billion (about RM354 billion). For more information, visit www.forbes.com/malaysia . Check out the list of top 20 most fun places to live in the US. Subscribe to Editor's Picks & Mid-day email alert, EVENING 5: BNM seen maintaining OPR at 2.75% for rest of 2023, NEWS: LTH talks asset allocation strategy, EVENING 5: Genting Malaysia expects RM4.29b from Miami deal, TALKING EDGE: PIDM on protecting depositors in good and bad times, NEWS: Radium to remain focused on KL City, EVENING 5: Petrosaudi pair charged over 1MDB fraud, NEWS: Capital A gets US$100m investment to grow MRO business, 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). 2 with US$9.6 billion. SpaceX could propel Elon Musk as worlds first trillionaire, says Morgan Stanley. Robert Kuok is a familiar name for most Malaysians, also known as the Sugar King. 22 with US$965 million), a co-founder of Greatech Technology Bhd, a maker of factory automation equipment; Datuk Ng Chai Eng (at No. Today, he is the third richest man in Malaysia with an estimated net worth of US$5.9 billion (approximately RM24.8 billion). You can read more about their methodology here. Read profiles and interviews, and see all the facts and figures for 2022 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. These are the top 10 richest billionaires in Malaysia Lim Kok Thay is the chairman of Genting, a casino and resorts conglomerate with a global footprint. Lee Yeo Chor and Yeo Seng - $4.8 billion, Top 10 Richest Families in the World Today, Top 9 Billionaires Have The Most Kids In The US, The Full List of American Billionaires 2023 - Who Are Richest People in the US. Quek Leng Chan is a family man; he is married and has three kids. 8. For the uninitiated, Lee Shin Cheng owned IOI Group, which is now passed down to both his sons. Malaysia's richest man Robert Kuok slipped to rank 109 from 105 on Nov 28, while his total net worth dipped to US$17.9 billion (about RM75.64 billion) from US$18.3 billion. Mamee Double-Decker Scion Vuitton Pang Strikes Out on His Own, 6 Malaysian Financiers Predict The New Industries Impacting The Future, Meet Nikhil Kamath, India'sYoungestBillionaire, Malaysian Billionaires in Forbes 2022 richest. He is the group CEO of aluminium company, Press Metal. Robert Kuok is a familiar name for most Malaysians, also known as the "Sugar King". The media shy billionaire also owns Kerry Properties, which recently won a land rights bid for properties in a top Shanghai district for US$2.1 billion in January 2022. Tan Sri Teh Hong Piow founded Public Bank back in 1965 at the age of 35. Excesses of the ultra-rich His net worth had grown by US$463 million since the start of 2021. By 1999, it had established operations in Europe, the UK, Australia and New Zealand and is today present in China and the Americas. Lim Kok Thay, who holds a Bachelor of Science degree in Civil Engineering from the University of London and completed a management programme from the Harvard Business School, has been at the helm of the group since his father retired in 2003. As of Thursday, Kouk was ranked the 104th richest person in the world with a wealth of US$19.2 billion, down from US$21 billion and rank 88 as at April 20 this year. 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). Ananda Krishnan is a Malaysian Tamil businessman and a prominent Asian billionaire who ranked #4 on the list of Forbes richest people in the country in 2022. according to the 2020 . Koon Poh Keong and his siblings, who control aluminum giant Press Metal, remained in third position with $6.2 billion, nearly flat from a year ago. Quek made his fortune through the Hong Leong Group, which owns a share in Hong Leong Bank, Malaysia's fourth largest banking group by market capital. 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. His holding in HSCB is through Gek Poh Holdings and investment arm Lei Shing Hong. Bloomberg Billionaires Index is a daily ranking of the world's billionaires published by Bloomberg News since March 2012. Oriental Holdings various business interests also include property development, palm oil plantations and healthcare. Dr. Chen (pictured, centre) is unlike other billionaire businessmen in Malaysia. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. How much does the richest billionaire in the US own? Quek is a former barrister-at-law from Middle Temple, London. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of roughly US$12.2 billion, Robert Kuok is the wealthiest person in Malaysia for 2021, followed by Quek Leng Chan with $9.6 billion coming in second and Koon Poh Keong with $6.4 billion at third place. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service.