January 23, 2022. His net worth actually went up $300 million from last year to this year. Their interests stretches wide, including real estate, plantations, credit financing, automotive, fertilizers trading and building material. He studied at Raffles College (now the National University of Singapore) in Singapore before World War II, where he became friends with Lee Kuan Yew, the future Prime Minister of Singapore. They were Tan Eng Kee (at No. Robert Kuok's 12 Quotes On Business, Success & Values, Hong Kong's Richest Woman, Pansy Ho Steers Macau In A New Direction, How The World's Richest Are Responding To The Covid-19 Pandemic, How These 10 Female Bosses Are Shaping Malaysia. More: Why Are Family Offices Becoming More Popular in Asia? Related: 15 Property Leaders To Know In Malaysia. When not doing either of the two, he checks Instagram for the latest posts by travellers. Facing the steepest losses belong to investing luminary Warren Buffett, whose net worth has dropped over $9 billion over the past year. They also send out surveys, conduct interviews and study their business dealings and debt. 37 with US$450 million) and Lau Chee Kheong (at No. KUALA LUMPUR (Oct 28): Robert Kuok, Malaysia's richest man, fell off the top 100 list of the Bloomberg Billionaires Index as his wealth evaporated slightly compared to six months ago, while banker Tan Sri Dr Teh Hong Piow dropped to number 380 in the same period despite adding to his wealth. 10 Essential Travel Items You Must Bring for a Cuti-Cuti Malaysia You Can Now Tint Your Windows As Dark As You Want 8 Unique Chinese New Year Gifts Perfect for Personal Gifting this 5 Creative Ways to Make Learning More Engaging that Youd Never Top 10 Nasi Kandar Places In Klang Valley. The company created the worlds first lightweight nitrile gloves in 2005. However, the pandemic took its toll on 19 listees, whose fortunes fell. TallyPress is an online media that specializes in curating various topics, to help you discover local trends in Malaysia & Singapore. How much does the richest billionaire in the US own? 20, $1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. Are you interested in testing our business solutions? Robert Kuok is a Malaysian business magnate and investor who has an estimated net worth of $11.8 billion. They founded the retail chain Mr D.I.Y. He was born on October 6, 1923, in Johor Bahru, Malaysia, and is widely regarded as the richest man in Malaysia. As soon as this statistic is updated, you will immediately be notified via e-mail. Who are the Malaysian billionaires in Forbes' 2022 richest list? As a philanthropist, Chen was in the news for donating millions to help Cambodia procure vaccines in its battle against COVID-19. Following a stint in goat rearing, Loi noticed an opportunity in the dairy industry, which led to the beginning of Farm Fresh. More: 6 Malaysian Financiers Predict The New Industries Impacting The Future. 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. Rounding out the top 5 are Public Bank founder and chairman Teh Hong Piow (No. Last on the list is Tan Yu Yeh, the founder of MR. D.I.Y, with a net worth of US$1.1 billion. In 2017, he invested USD 369 million of his own money to open Naga2, an entertainment complex connected to NagaWorld through the underground mall named NagaCity Walk. His nephew Kuok Khoon Hong runs Wilmar International, in which Kuok has a valuable stake. It has expanded into the businesses of food, property and finance. Yet, a total of 19 business tycoons in Malaysia were still listed as billionaires, with Robert Kuok taking the top spot. Read also: Nevertheless, Lim remained on Forbes list of the richest Malaysian billionaires with a net worth of USD 2.35 billion in 2022. There are five newcomers on this years list. At number 1,905 is G. Gnanalingam with a net worth of US$1.5 billion. Self-made tycoon Kuan Kam Hon founded Hartalega Holdings in 1988, a company that has since become the worlds largest maker of nitrile gloves. Despite his wealth shrinking by more than $1 billion in the past year, he still manages to retain the top spot. 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. The figures are updated at the close of every trading day in New York. 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. 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. At the time, his estimated net worth was USD 5 billion. Kuok groups legendary founder Robert Kuok, held on to his long-standing No.1 spot though his fortune dropped to $11 billion from $12.2 billion last year. ", 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. Anyway, with this years publication, we see plenty of familiar names, but some new ones as well. Today, Press Metal is Southeast Asias largest integrated aluminum producer. It has 684 stores across Malaysia, plus a further four stores in Brunei. That casino, NagaWorld, eventually built Chens fortune. He later served as a remisier before launching his company. Stocks of the company more than doubled during the pandemic in 2020, before dropping the following year. As a Premium user you get access to background information and details about the release of this statistic. Manas enjoys reading detective fiction and writing about anything that interests him. 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. Family members of royals or politicians are not included . What follows is the list of billionaires (in U.S. dollars) in Southeast Asia, issued for 2022. 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. In January 2022, Lim's troubled cruise operator Genting Hong Kong, which was hit hard by the pandemic, filed a winding up petition. Four property developers are on the top ten richest list, with Kuok Group's owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. His net worth is an estimated US$2.1 billion (RM8.8 billion). His net worth is US$10.1 million. As a Premium user you get access to the detailed source references and background information about this statistic. In, Knight Frank. He slipped two spots from no. Last week, analysts at Morgan Stanley forecasted Elon Musk to become the first trillionaire in the world from his space exploration business SpaceX. 37, $450 million) and Lau Chee Kheong (No. Group, a home improvement retail chain, which was founded in 2005. 10. He officially retired from Public Bank as nonexecutive chairman in 2019 and is now chairman emeritus. Additionally, NagaCorp started its first overseas project in Vladivostok, Russia Primorsky Entertainment Resort City. has 900 stores in Malaysia and Brunei carrying products across ten categories including electrical items, toys, kitchen appliances, stationery and many more. His net worth had grown by US$463 million since the start of 2021. His daughters are the first Malaysian women to ever make it onto this billionaire list. Kie Chie Wong, 75, has the bulk of his wealth coming from a minority stake in Fortescue Metals Group. Bhd. The United States is a large, vibrant, and diverse country with the ability for states and even cities to pass their own laws. Koon Poh Keong founded Press Metal as a local aluminium extrusion company in 1986 with his four brothers. Source: Forbes - *As of April 22, 2020 **As of March 5, 2019. Chen Lip Keongs fortune is estimated to be over $2.7 billion, and he amassed this fortune through his involvement in the gaming sector. Gek Poh Holdings was founded by Laus uncle, Lau Gek Poh. Honda in Malaysia. Robert Kuok (pictured, centre) is 99 years old and has been the richest Malaysian businessman for a long time. $6.23B +$213M One of its main businesses is Hong Leong Bank, which is Malaysias fourth-largest banking group by market capital and fifth-largest by assets. However, itsuspended its development indefinitely in March 2022, citing uncertainties.. Lau is the largest shareholder in HSCB, which has diversified interests in six core businesses automotive, building materials, credit financing, trading, plantation, and property investment and development. 8, $3.5 billion) of Top Glove, ranked in the top ten. Ltd.(UEN 201431998C.). Related: These Are the Malaysian Millionaires You Didn't Know. The business tycoon founded the internationally renowned Shangri-La Hotels and Resorts chain in Singapore in 1971. How many billionaires in Malaysia? Chen is the controlling shareholder and senior CEO of NagaCorp. 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. Returning to the list are Lim Kuang Sia (No. . Robert Kuok. As someone who has held this spot as Malaysias richest man for over twenty years, this comes as no surprise. With that, Malaysia has its own list too. He is now on the board of the IOI Group as a non-independent, non-executive director. Hes the executive chairman of privately held Hong Leong Co. (Malaysia). Each state must deal with its own legal system and courts. Among the hardest hit were casino moguls Chen Lip Keong (No. 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. Bhd. 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. Related: Meet Nikhil Kamath, India'sYoungestBillionaire. How much do Malaysian billionaires own? ChongQing DeZhuang Hotpot Is Finally Here For Us To Enjoy, Hyper Scape; A New Dystopian Game With A Female Malaysian Character, 8 Stunning Aquariums To Visit Around The World, 8 Commonly Overlooked Health Issues Today, 7 Best Wireless Keyboards For Clean, Clutter-Free Desk Space, 7 Places To Enjoy Curry Mee Goodness in Penang, Here Are 8 Places That Serve The Best Kaya Toasts in Singapore, Savour Good Japanese Foods At These 8 Restaurants in Penang. Group in 2005. 2023 Tatler Asia Limited. Also read Top 46 billionaires in South Korea in 2021. Malaysian telecom and oil tycoon Tan Sri Ananda Krishnan is fourth on the list, with net worth valued at US$5.7 billion (RM24 billion). 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. As of Thursday, Kouk was ranked the 104th richest . Teh started his career as a clerk with Oversea-Chinese Banking Corp. Lee Yeow Chor and Lee Yeow Seng are the sons of the late Lee Shin Cheng, who died in June 2019. The Richest People in Malaysia 2021. Dr. Chen (pictured, centre) is unlike other billionaire businessmen in Malaysia. He is the sole owner of NagaWorld, which is Indochinas most extensive casino and resort complex. He is the group CEO of aluminium company, Press Metal. But the country is now grappling with a surge of Covid-19 cases. Founded in 2007, Farm Fresh got its start after Loi decided to quit his job as a senior employee in a packaging firm. Loi Tuan Ee, the co-founder, managing director, and CEO of Farm Fresh, has made his debut on the Malaysias 50 Richest list by Forbes this year, sitting at No. 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. With a valuation of US$11.8 billion, Kuok is the man behind Kuok Group, best known for founding the Shangri-La Hotels and Resorts chain in 1971. Please do not hesitate to contact me. 38 with US$445 million), co-founders of engineering services firm UWC Bhd; and Steven Siaw Kok Teng (at No. 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). While our nation (along with many others around the world) has been hit by multiple misfortunes since 2020 Covid-19, natural disasters and supply chain conundrums amongst a few of them many resilient industrial players in Malaysia have shown their perseverance and proved that when the going gets tough, the tough gets going. Accessed May 01, 2023. https://www.statista.com/statistics/785029/malaysia-number-of-millionaires/, Knight Frank. Robert Kuok is a familiar name for most Malaysians, also known as the Sugar King. (Photo by Reuters). 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. Lim Kok Thay is the chairman of Genting, a casino and resorts conglomerate with a global footprint. 3 last year on this list.Image Credit: theedgemarkets.com. 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. Related: The 10 Richest People In The Fashion Industry In 2021. His two sons, Kuan Mun Leong and Kuan Mun Keng, handle the operations. His holding in HSCB is through Gek Poh Holdings and investment arm Lei Shing Hong. During his career, he has won several awards, including the award for Greatest Malaysian Banker of All Time by the Asia Pacific Brands Foundation. Lee Yeow Seng (on the right) who studied law is the executive vice-chairman of IOI Properties. 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. Latest net worth: US$765 million (approximately RM3.2 billion. Robert Kuok-$11 billion Currently, he serves as Executive Chairman in the group, leaving operations to his two sons. ICYMI: How These 10 Female Bosses Are Shaping Malaysia, From palm oil magnates to internet tech titans, meet the 5 youngest Malaysians to be featured on Forbes' list of the nation's richest. 1. Have you had any clue that laws globally range from the weird and wonderful to the downright peculiar? He owns Kuok Group, which dabbles in hotels, real estate and commodities.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'tallypress_com-banner-1','ezslot_1',109,'0','0'])};__ez_fad_position('div-gpt-ad-tallypress_com-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'tallypress_com-banner-1','ezslot_2',109,'0','1'])};__ez_fad_position('div-gpt-ad-tallypress_com-banner-1-0_1');.banner-1-multi-109{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}Image Credit: freemalaysiatoday.com. 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. Tan Yu Yeh earned a degree in physics from Universiti Malaya and worked as an engineer. Business Solutions including all features. 1. Quek Leng Chen comes in at number two on the list of the wealthiest people in Malaysia with a net worth of $9.6 billion. The market is making remarkable gains so are your As of May 1, 2023, Mark Mateschitz was the wealthiest person in Austria, with an estimated net worth of 35.9 As of May 1, 2023, with a net worth of roughly $236.7 billion, Bernard Arnault is the wealthiest person in As of May 1, 2023, with a net worth of roughly $95.2 billion, LOral heiress Francoise Bettencourt Meyers is the As of May 1, 2023, Marcos Galperin was thewealthiest person in Argentina, with an estimated net worth of 5.4 billion Why (your lack of) leadership bench strength should keep you up at night. They pooled together $50,000 to start the company at a time when Malaysia was in recession. "Number of millionaires in Malaysia from 2015 to 2021, with a forecast for 2026 (in 1,000s)." The group CEO of Southeast Asia's largest integrated aluminum producer Press Metal, Tan Sri Koon Poh Keong climbed from #727 on the billionaire's list last year to #523, boasting a net worth of US$5.2 billion (RM21.9 billion). KnowInsiders.com presents your daily horoscope for Sunday, April 30, 2023, along with their exclusive astrological forecasts for each of the zodiac signs. 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. Forbes publishes a list of richest people in the world annually, in March. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. His brother was involved in the wholesale business of products from China. Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. 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. It's not just you. All rights reserved. 6. Kuan Kam Hon, the executive chairman of Hartalega Holdings, had been number 1,513 on the list last year, but did not make an appearance this year. His cousin, the billionaire Kwek Leng Beng, is the chairperson of the Hong Leong Group in Singapore. Years later, Kuok Brothers became what is now the Kuok Group, and has a presence in real estate, hotels and commodities. However, there are no women billionaires among the 19, unlike Hong Kong, which has several billionaire women, including Kwong Siu-hing and Lam Wai Ying, making it annually on Forbes list. Ten years later, he founded Hartalega Holdings to manufacture rubber gloves for the medical industry during the AIDS epidemic. Robert Kuok remains the richest Malaysian while newcomers WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming join the Forbes billionaires club. The United States is made up of 50 states and several territories. 2 with US$9.6 billion. Notably, Kuok and Teh are the only Malaysians listed on the index. Besides, he has huge investments in many other businesses. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. Hes the executive chairman of Sunway. (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. The Washington Commanders sale takes the top spot at $6.1 billion, even though it could still be de-throned. In addition to Malaysia, the bank serves millions of customers across Cambodia, China, Hong Kong, Sri Lanka and Vietnam. The company was listed on the Malaysian stock exchange in October 2020 making them both billionaires. 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. Ananda Krishnan is a Harvard Business School grad and former oil trader. Why You Have to Close Bedroom Door at Night? They were the richest newcomers at No. Stars, 16 Agency Leaders Explore The SEO Trends Impacting Their Work In 2023, 15 Smart Ways To Address High Employee Turnover, How Vietnam's Entertainment Industry Can Increase Its Global Reach, 6 Best Practices For CEOs And Professional Leaders Using LinkedIn. Kuok is also a philanthropist. In addition to NagaWorld, he also opened up Naga 2 (another casino) opposite NagaWorld, connected by underground mall NagaCity Walk. With a net worth of US$1.6 billion, Syed Mokhtar AlBukhary, 71, is number 1,804. Tan Sri Quek Leng Chan, the second-generation head of the privately held Hong Leong Group, remained at No. For more information, visit the Forbes News Hub or Forbes Connect. Meanwhile, the Malaysian newcomers to join the billionaires club this year are WTK Holdings Bhd director Wong Kie Chie, who ranks at #1818 with an estimated net worth of US$1.6 billion (approximately RM6.7 billion), and PMB Technology Bhd founder and CEO Koon Poh Ming, ranking #2190 on the list with an estimated net worth of US$1.3 billion (RM5.4 billion). This is a list of richest monarchs and family members, as estimated by the CEOWORLD magazine in 2019 and Business Insider in 2018, by their personal net worth, excluding properties held by the state, government or Crown, in U.S. dollars. 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). Dan Snyder, the current owner of the team, is one of the world's richest people in sports. Available: https://www.statista.com/statistics/785029/malaysia-number-of-millionaires/, Number of millionaires in Malaysia from 2015 to 2021, with a forecast for 2026, Immediate access to statistics, forecasts & reports, HNWI population worldwide 2010-2021, by region, Assets of HNWIs worldwide 2010-2021, by region, Number of millionaires in China 2015-2021, Annual growth rate of millionaires in China 2011-2021, Number of super rich people in China 2012-2021, Number of super rich people in Greater China in 2021, by city, Number of HNWI in China 2020, by wealth group, Distribution of super rich individuals in Greater China as of 2021, by nature, Luxury goods market revenue in China 2014-2027, Share of Chinese luxury consumption abroad and in China 2015-2021, Main reasons for purchasing luxury goods in China 2020, by age group, Leading luxury goods categories bought by Chinese luxury shoppers 2021, by age, Most popular alcoholic beverages among Chinese millionaires 2022, Most popular tea types among Chinese millionaires 2022, Most popular collector's items among Chinese high-net-worth individuals 2022, Share of Chinese millionaires who would buy used luxury goods 2022, Preferred leisure activities among Chinese millionaires 2022, China: luxury tourism revenue 2019-2024, by market, Most popular international travel destinations of Chinese millionaires 2020-2022, Most popular domestic travel destinations of Chinese millionaires 2019-2022, Most popular travel themes among Chinese millionaires 2022, Preferred gifts for men by Chinese millionaires 2022, Preferred gifts for women by Chinese millionaires 2022, Major charity donators in China 2021-2022, by donation, Chinese millionaires' leading donation purposes 2011-2021, Origins of leading philanthropists in China 2022, Number of millionaires Indonesia 2016-2025, Number of centa-millionaires in Taiwan 2006-2026, Number of multi-millionaires Indonesia 2012-2022, Number of millionaires Australia 2015-2025, Number of centa-millionaires Sri Lanka 2006-2026, Number of centa-millionaires Singapore 2006-2026, Number of centa-millionaires Thailand 2006-2026, Number of centa-millionaires Pakistan 2006-2026, Number of multi-millionaires Vietnam 2006-2026, Number of millionaires in Taiwan 2017-2021, Number of multi-millionaires Sri Lanka 2006-2026, Number of millionaires Pakistan 2006-2026, Number of multi-millionaires Pakistan 2006-2026, Number of millionaires in Malaysia from 2015 to 2021, with a forecast for 2026 (in 1,000s), Find your information in our database containing over 20,000 reports, ultra-high net worth individuals (UNHWI) in Malaysia, have wealth exceeding 100 thousand U.S. dollars.
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