Current Affairs
Forbes Unveils Malaysia’s 50 Richest People in 2019, Here’s How Much They’re Worth
Forbes Asia just unveiled its 2019 Malaysia Rich List, highlighting the net worth of 50 notable businessmen. However, Forbes did note that due to Malaysia’s slow economic growth over the past year, business was not very good for about 30 of the billionaires listed, as their wealth actually shrank. Meanwhile, only 11 of those on this list saw gains this past year.
Some factors that probably contributed to this shrink in wealth are the country’s stocks taking a hit in the past year, the Ringgit slipping 3 per cent against the US Dollar, and the historic events of GE14 that happened in May 2018. However, despite these obstacles, many of these tycoons still landed among the list of Malaysia’s richest people.
Here’s the entire list and how much they’re worth;
1. Robert Kuok, USD$12.8 billion (RM52.4bil)
Source: Forbes
Industry: palm oil, shipping, and property
2. Quek Leng Chan, USD$9.4bil (RM38.4bil)
Source: FMT
Industry: banking and property
3. Teh Hong Piow, USD$6.7bil (RM27.4bil)
Source: The Edge Markets
Industry: banking
4. Ananda Krishnan, USD$6.2bil (RM25.4bil)
Source: Asia Sentinel
Industry: telecoms, media, oil-services
5. Lee Shin Cheng, USD$5.4bil (RM22bil)
Source: IOI Properties
Industry: palm oil and property
6. Chen Lip Keong, USD$5bil (RM20.5bil)
Source: Forbes
Industry: casinos, property, and energy
7. Lim Kok Thay, USD$4.4bil (RM18bil)
Source: The Star
Industry: casinos
8. Lau Cho Kun, USD$3.4bil (RM13.9bil)
Source: Maskulin
Industry: palm oil and property
9. Koon Poh Keong, Poh Ming & Poh Weng, USD$2.6bil (RM10.6bil)
Source: PMB Technology
Industry: aluminum
10. Kuan Kam Hon USD$2.4bil (RM9.8bil)
Source: Forbes
Industry: synthetic gloves
11. Francis Yeoh & siblings, USD$1.8bil (RM7.4bil)
Source: Twitter
Industry: construction, power, and real estate
12. Syed Mokhtar AlBukhary, USD$1.7bil (RM7bil)
Source: The Star
Industry: engineering, energy, and construction
13. Jeffrey Cheah, USD$1.3bil (RM5.3bil)
Source: Forbes Custom
Industry: property
14. Lim Wee Chai, USD$1.2bil (RM4.9bil)
Source: ASEAN Business Club
Industry: rubber gloves
15. Surin Upatkoon, USD$1bil (RM4.1bil)
Source: bizbilla
Industry: telecom, lotteries, insurance
16. Kong Hon Kong, USD$990 million (RM4bil)
Source: Forbes
Industry: funeral services
17. G. Gnanalingam, USD$950mil (RM3.9bil)
Source: Forbes
Industry: ports
18. Lee Oi Hian & Hau Hian, USD$930mil (RM3.8bil)
Source: PressReader
Industry: palm oil, chemicals, and property
19. Ngau Boon Keat USD$920mil (RM3.8bil)
Source: iCEP
Industry: oil and gas
20. Goh Peng Ooi, USD$900mil (RM3.7bil)
Source: Silverlake Axis
Industry: software
21. Tiong Hiew King, USD$860mil (RM3.5bil)
Source: Borneo Post
Industry: timber and media
22. Yaw Teck Seng & Yaw Chee Ming, USD$850mil (RM3.5bil)
Source: Forbes
Industry: forestry, palm oil, and property
23. Desmond Lim Siew Choon, USD$780mil (RM3.2bil)
Source: Blogspot
Industry: property
24. Vincent Tan, USD$770mil (RM3.1bil)
Source: The Star
Industry: retail, gaming, and property
25. Ibrahim Syed Azman, USD$750mil (RM3bil)
Source: Forbes
Industry: aviation/motor vehicles
26. Ninian Mogan Lourdenadin, USD$740mil (RM3bil)
Source: Forbes
Industry: property, retail, and financial services
27. Lim Kang Hoo, USD$710mil (RM2.9bil)
Source: The Edge Markets
Industry: property
28. Cheah Cheng Hye, USD$690mil (RM2.8bil)
Source: The Star
Industry: investment
29. Danny Tan Chee Sing, USD$650mil (RM2.7bil)
Source: The Star
Industry: property
30. Lim Peng Cheong & Peng Jin, USD$640mil (RM2.6bil)
Source: Forbes & The Malaysian Reserve
Industry: manufacturing
31. Ahmayuddin bin Ahmad, USD$580mil (RM2.4bil)
Source: Pusat Latihan Jamin
Industry: ports
32. Tony Fernandes, USD$530mil (RM2.2bil)
Source: The Star
Industry: airlines
33. Kamarudin Meranun, USD$520mil (RM2.1bil)
Source: Forbes
Industry: airlines
34. Azman Hashim, USD$450mil (RM1.8bil)
Source: AmBank
Industry: airlines
35. Kua Sian Kooi, USD$420mil (RM1.7bil)
Source: TARfm
Industry: insurance/property
36. Lim Han Weng, USD$410mil (RM1.7bil)
Source: Focus Malaysia
Industry: oil and gas
37. Patrick Grove, USD$400mil (RM1.6bil)
Source: Twitter
Industry: e-commerce/media
38. Anthony Tan, USD$380mil (RM1.6bil)
Source: Fortune
Industry: on-demand transportation and mobile software
39. Ong Leong Huat, USD$350mil (RM1.4bil)
Source: Forbes
Industry: property, construction, and financial services
40. Mohd Abdul Karim Abdullah, USD$345mil (RM1.4bil)
Source: Focus Malaysia
Industry: oil and gas
41. Kong Chong Soon, USD$340mil (RM1.4bil)
Source: Star Property
Industry: property
42. Leong Kok Wah, USD$335mil (RM1.4bil)
Source: Kinibiz
Industry: real estate
43. Wong Teek Son, USD$330mil (RM1.3bil)
Source: The Straits Times
Industry: glove manufacturing
44. Mokhzani Mahathir, USD$325mil (RM1.3bil)
Source: The Edge Markets
Industry: oil and gas
45. Loh Kian Chong, USD$320mil (RM1.3bil)
Source: The Star
Industry: motor vehicles, palm oil, and property
46. Yong Pang Chaun, USD$300mil (RM1.2bil)
Source: Nanyang
Industry: retail
47. Teong Teck Lean, USD$290mil (RM1.2bil)
Source: Forbes
Industry: delivery services
48. Wong Thean Soon, USD$280mil (RM1.1bil)
Source: Endeavor Malaysia
Industry: electronic services
49. Abdul Kadier Sahib, USD$275mil (RM1.1bil)
Source: Serba Dinamik
Industry: oil and gas
50. Leong Hoy Kum, USD$250 mil (RM1bil)
Source: Star Property
Industry: property
You can read more about these billionaire entrepreneurs here.
Also read: Singapore Has Over 180,000 Millionaires & 1,000 Of Them Are Truly ‘Crazy Rich Asians’
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