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’