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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 $79 billion a year ago. Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). 2023 Forbes Media LLC. 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. Established in 1960, Maybank is the largest company in Malaysia with RM46 billion revenue generated in 2020, followed by TNB (RM45 billion), and Sime Darby (RM38 billion). Tan Sri Dr. Teh Hong Piow is never known to be a man who likes the limelight. PETALING JAYA: The wealth of Malaysia's 50 richest saw a rebound in their collective wealth as it . 2017 Grateful Grads Index: Top 200 Best-Loved Colleges; Full List: The World's Highest-Paid Actors . The combined wealth of Malaysias 50 richest was down 10% from a year ago to $80.5 billion. Corporate User License: US $ 5800 . Like Hartalega, Top Glove saw demand for gloves increase that pushed Lims wealth up the ranking. At EdgeProp.my, you can find daily breaking news on property, and hundreds of thousands of properties for sale and rent with detailed information such as past transacted prices, maps and photos. Forbes Malaysia 50 Rich List 2021: Robert Kuok leads again with 21 other property tycoons. 14, US$1.4 billion), who controls Kossan Rubber Industries with his siblings, and Stanley Thai (No. 49, US$325 million), cofounder of ViTrox, a maker of high-precision machine inspection systems. Group, a listed home improvement chain, who are the richest newcomers at No. 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. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. Kuan started out in construction back in 1969 after dropping out of school and then started Timol Weaving some 10 7ears later. Top 10 Richest Indian Actors 2023 #bollywood #india #actors #viral #shorts #richest #short#trending#bollywood #richest #actors Top 50 Richest Actors in Bolly. 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. Buy Now. By Advertising.my, Cryptocurrency Trading in Malaysia(Bitcoin Exchanges), Tan Sri Dato Lee Oi Hian & Dato Lee Hau Hian, Robert Kuok now among the 100 richest in the world, Malaysia National Blockchain Infrastructure to roll out from new partnership, JCB to roll out trial CBDC with IDEMIA and Malaysias Soft Space, Polygon A Cheaper and Faster Platform for Ethereum. 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. Returning to the list are Tan Sri Lim Kuang Sia (No. Top 10 richest people in Malaysia 1. For more information, visit www.forbes.com/malaysia . 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. CEOWORLD magazine - Top Stories - Stats Gate - Malaysian Billionaires: These are the richest people in Malaysia, 2021. While there have, A new digital currency is set to be in the horizon. While the stock market dipped slightly in the past 12 months, currency fluctuations saw the ringgit drop 6%. 14 with US$1.4 billion), who controls Kossan Rubber Industries Bhd with his siblings, and Datuk Seri Stanley Thai (at No. 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. 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). Interested in new property launches in Malaysia? The United States still has the most billionaires with 724 individuals, but is followed closely by China with 698 billionaires. 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. DRB-HICOM sold a 49.9% stake in Malaysian car-maker Proton to Chinese auto group Zhejiang Geely in 2017. T Ananda Krishnan or A-K in short is fourth in the list of Malaysians wealthiest. Thailand's 50 richest on the 2021 Forbes list, led by the Chearavanont brothers, did well during the Covid-19 pandemic, with $28 billion added to their combined wealth over the past 15 months. Prosecutors now have 30 days to either drop the case or request a new trial for Syed, whose life sentence for murder was challenged by the hit podcast Serial.. 21 billionaires have migrated to higher positions on the list of 50 richest persons when compared to their ranking last year. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. Albukhary also has a stake in Media Prima, which owns the New Straits Times Press. 22, US$965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Datuk Ng Chai Eng (No. In the first place, we have the media-shy billionaire Tan Sri Robert Kuok. Collective net worth of Malaysia's richest rebound 14% yoy Ranking Name Net worth (US$, billion) 1 Tan Sri Robert Kuok 12.2 2 Tan Sri Quek Leng Chan 9.6 6 Datuk Lee Yeow Chor & Lee Yeow Seng 4.9 9 Tan Sri Chen Lip Keong 3.4 Contents1 Who is the richest person [] Bhd. Bhd. 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. See the full list here. A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year. Selangor, the country's richest and most populous state, has reported well over a thousand new COVID-19 cases daily since May 5, making up at least a quarter of the daily cases nationally . In the year 2020, three new names enter the list of top 50 richest . 8, $3.5 billion) of Top Glove, ranked in the top ten. Recently listed in Malaysia's 50 Richest by Forbes Magazine at 39th place, Patrick Grove is the co-founder and CEO of Catcha Group and his latest business venture, iFlix, a strong competitor to the video streaming service provider, Netflix. He passed away in June 2019 and his sons, Lee Yeow Chor and Lee Yeow Sing took over as Group Managing Director of IOI Corporation and Executive Vice Chairman of IOI Properties respectively. 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. 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 . The increase . Prosecutors had been considering whether to retry Syed or drop the charges. The late Tan Sri Lee Shin Cheng of IOI Corporation was the fifth richest Malaysian in 2016. 38, US$445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. Here are the top 20 richest countries in Asia based on GDP per capita taken from 2019 data listed by World's Richest Countries that is taken from statistics of the International Monetary Fund. They were the recent additions to the list of Malaysias richest, taking the tenth spot. But the country is now grappling with a surge of Covid-19 cases. Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. 20, US$1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding $3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. 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. - 5th August 2021 . Measat of course is the operator of Astro. 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. Subscribe to Forbes Asia. Subscribe to EdgeProp.my's weekly property round-up and stay on top of real estate news, latest listings and events. Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list. 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. . Quek Leng Chan; $9.6 billion. Malaysia: 2.1 billion: palm oil, property 1513: Kuan Kam Hon & family Malaysia: 2 billion: rubber gloves 1513: Lim Kok Thay Malaysia: 2 billion: casinos 1729: G. Gnanalingam Malaysia: 1.7 billion: ports 1818: Lim Wee Chai Malaysia: 1.6 billion: rubber gloves 1818: Tan Yu Yeh Malaysia: 1.6 billion: retail 1818: Kie Chie Wong Malaysia: 1.6 . This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. 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. Taking into account population figures makes a big difference in how a country is ranked for its wealth. This story is part of Forbes' coverage of Malaysia's Richest 2021. Besides the banking industry, Hong Leong Group also ventures into property development under its property arm of GuocoLand (Malaysia) Bhd. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. The government focuses on helping the 40% of the countys poorest population. managing director, and CEO of Farm Fresh, has made his debut on the Malaysia's 50 Richest list by Forbes this . 10 with US$2.7 billion. The allure of Europe prevails in 2023, with European residence and citizenship by investment programs retaining the top spots in Henley & Partners' latest rankings of the most sought-after investment migration programs in the world. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. EDITED BY NAAZNEEN KARMALI. Robert Kuok(pix) continues to top the list. While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, the nations richest saw their combined wealth rise 14% to nearly $90 billion, after two years of decline. At one time, Robert Kuok is said to have controlled some 10% of the worlds sugar supply. This button displays the currently selected search type. According to the Forbes list, there are 16 billionaires in Malaysia, with Kuok listed under Hong Kong. 2 with US$9.6 billion. 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. 10 with $2.7 billion. 199301012242 (266980-X). 8, US$3.5 billion) of Top Glove, ranked in the top ten. THREE NEWCOMERS IN TOP 50. Age: 98 years old. Real estate development masterpieces: Shangri-La Hotels and Resorts, Cheras LeisureMall, The LINC KL. Forbes released its inaugural " Malaysia's 50 Richest " list on June 8, revealing that the combined wealth of Malaysia's 50 richest was down 10% compared to a year ago. COVID-19 saw many businesses closed or not allowed to operate but Mr. D.I.Y, selling essential items stood firm and operated through the various phases of the MCO in Malaysia. The Tan brothers founded Mr D.I.Y Group in 2005, a home improvement retail chain. The more integration a platform has with your existing tech stack, the better your workflow will be. The company planted area is around 283,751 hectares. As in the previous year, according to Forbes magazine's own research, the Hartono brothers still held the first position. 10 spot as the richest newcomers on the list. The headquarters is in USA. Billionaire Syed Mokhtar AlBukhary is offering 2.9 billion ringgit ($714 million) to buy out the minority shareholders of MMC Corp., betting that the ports and energy conglomerate will sustain its earnings recovery. China - $19,520. It was designed to allow faster and cheaper transactions on the Ethereum blockchain. The Top 10 richest in Malaysia as reported by Forbes are: Robert Kuok; US$12.2 billion. Robert Kuok remains the richest Malaysian while the newcomers on the billionaires' list include WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming. Nevertheless, some of the businesses have emerged as winners due to the pandemic, for instance, glove makers. Tan Sri Chen Lip Keong, founder of Hong Kong-listed NagaCorp Ltd which owns and manages the largest hotel and gaming resort in IndoChina NagaWorld takes the ninth place with a net worth of US$3.4 billion. 8 with US$3.5 billion) of Top Glove Corp Bhd, ranked in the top 10. The list was compiled using information from analysts, government agencies, the individuals, private databases, stock exchanges and other sources. Tan Sri Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. "Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. All rights reserved. The highest-paid CEO in Malaysia is Genting head Tan Sri Lim Kok Thay, who took home an annual remuneration of RM200,912,000 million from his two positions as head of Genting Bhd and director of Genting Malaysia Bhd. 11, $2.55 billion). 20. , AND JANE HO. The Richest People in Malaysia 2021. YouTube is one of the most-used social media platforms in Malaysia. Forbes champions success by celebrating those who have made it, and those who aspire to make it. The company went public in October 2020 (amidst the COVID-19 pandemic) that pushed its net worth to $2.7 billion. Building a well-established brand is key to creating a loyal client base and gaining investment in any business. This came after the announcement that JCB will be launching a pilot project that, What is Polygon Crypto? Join ourTelegramchannel to get the latest news and financial freedom tips, The name Robert Kuok is one that needs no introduction. Here's all that you need to know about Malaysia's top 10 employers in 2021 and their top 3 EVP drivers. The Stock Exchange of Thailand index jumped 43% during the period, driven by the prospect of an economic recovery and an uptick in exports. Puan Sri Datin Chong Chook Yew. In a pandemic year, as global demand for such protective gear exploded, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. 1. Report Description; Table of Contents; The research report includes specific segments by region (country), by manufacturers, by Type and by Application. According to Forbes, he overtook Bishop T.D jakes to claim this spot due to his many investments. 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). However, it's not all bad news . However, the pandemic took its toll on 19 listees, whose fortunes fell. With a net worth of USD260 mil cited by Forbes, Patrick has come a long way by successfully bringing . They were the richest newcomers at No. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of roughly $11.9 billion, Robert Kuok remains the richest person in Malaysia. All Rights Reserved. Being compared to your competition can be good for your business, but even better is being seen as a leader among your competitors. The only property app you need. 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. Tan Sri Quek Leng Chan, the second-generation head of the privately held Hong Leong Group, remained at No. Lim, 67, is the world's 436th richest man and Malaysia's seventh richest man, with a total wealth of 18.25 billion ringgit, according to . It comes with a guaranteed monopoly until 2035 and is the largest casino resort in that region. 2 with $9.6 billion. Yeow Chor is the group managing director and chief executive of IOI Corp while Yeow Seng is the executive vice chairman of IOI Properties. Robert Kuok, a business magnate who presides over a property and commodities empire, remains at the top of the list with a net worth of US$12.2 billion. The richest man in Malaysia for so many years running is one of the most, The blockchain industry has been moving very rapidly across the world in the past few years and Malaysia is not any different. The Chearavanont family retains No.1 spot in the Forbes Thailand Rich list with US$29.5 billion (938.6 billion baht), followed by the Chirathivat family with $21 billion (668.2 billion baht) and . '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. Sign up as a PRO agent for only RM2.19 a day. 49, $325 million), cofounder of ViTrox, a maker of high-precision machine inspection systems. 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). 2021. Ellen Pao, CEO of Project Include, Ann Mei Chang, CEO of Candid, and Nabiha Syed, CEO of The Markup could have left Reddit, Google, or Buzzfeed for another tech company, but they chose to make a career pivot and accelerate the impact and scale of solutions to the worlds most intractable challenges. However, Forbes Asia said, the pandemic took its toll on 19 listees, whose fortunes fell. Ways to search theedgemarkets.com content, by category: @category "corporate" "hot stock, Combine search: "high speed rail" @author "Bhattacharjee" @category "From the Edge", Robert Kuok with US$12.2 billion. Among the hardest hit were casino moguls Tan Sri Dr Chen Lip Keong (at No. Among the top 10 richest in Asia are (from left) Robert Kuok, Quek Leng Chan and Koon Poh Keong. 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. 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 air travel. 2) Tan Sri Quek Leng Chan; US$9.6 billion, 3) Tan Sri Koon Poh Keong & siblings; US$6.4 billion, 4) Tan Sri Ananda Krishnan; US$5.8 billion, 6) Datuk Lee Yeow Chor & Yeow Seng; US$4.9 billion, 9) Tan Sri Chen Lip Keong; US$3.4 billion. 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. 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Among them are brothers Tan Yu Yeh and Yu Wei of Mr D.I.Y. Among them are brothers Tan Yu Yeh and Yu Wei of Mr D.I.Y. He retired in 2019 as the non-executive chairman of the group. Not too long ago, the Forbes' 35th annual list of billionaires for 2021 saw 4 Malaysian faces new to it added. The list was compiled using information from analysts, government agencies, the individuals, private databases, stock exchanges and other sources. You may opt-out by. Among the hardest hit were casino mogulsChen Lip KeongandLim Kok Thay. Closing Up The Top Five Richest People In Malaysia Is Tan Sri Koon Poh Keong, The Group Ceo Of Southeast Asia's Largest Integrated . The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest . This is a BETA experience. 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. Lee Yeow Chor & Yeow Seng ranked 6th with a personal wealth of $4.8 billion, followed by Lim Wee Chai with $4.3 billion. 22, $965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Ng Chai Eng (No. 14, $1.4 billion), who controls Kossan Rubber Industries with his siblings, and Stanley Thai (No. In a year when he ceded his long-standing chairmanship of AmBank, Azman saw his net worth jump to $560 million. Forbes convenes and curates the most-influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. Petronas Chemicals Group Berhad. Price: Single User License: US $ 2900 . The minimum net worth to make the list this year was US$315 million, up from US$255 million last year. Group, a listed home improvement chain, who are the richest newcomers at No. 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. Today, Top Glove produces more than 100 billion gloves from its 50 factories and is among the largest producers in the world. He started the company with his wife Tong Siew Bee in 1991 to produce rubber gloves and has never looked back since it went 10 years after that. . Kuan Kam Hon is one of the latest additions in the richest people in Malaysia for 2021 due to the COVID-19 pandemic. 2023 Forbes Media LLC. PETALING JAYA (June 3): The 22 property-related players featured in Forbes Malaysia 50 Rich List 2021 has a collective net worth of US$44.47 billion (RM183.4 billion), according to the latest Forbes Malaysia Rich List 2021 which was released today. In 1988, he established Hartalega Holdings and grew the company to become the largest nitrile gloves manufacturer in the world. Parth Jindal, representing JSW, . 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. There are five newcomers on this years list. 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. Malaysia's top 100 CEOs: Who took the top spot? KUALA LUMPUR (June 3): Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion (about RM370.98 billion) this year, after declining for two years, said Forbes Asia.In a statement today, Forbes Asia said Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the . The combined wealth of malaysia's 50 richest was down 10% from a year ago to $80.5 billion. Quek Leng Chan, the second-generation head of the privately held Hong Leong group, remains at No. Tan Sri Robert Kuok. ARPA probably cut child poverty by about half, but the CTC expansion only caused about two-thirds of that reduction. Four property developers are on the top ten richest list, with Kuok Groups owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. 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. 20, $1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. None of them, however, were wealthy enough to dislodgeRobert Kuokfrom his long-held perch as No. #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, ServiceNow general counsel Russ Elmer on the transformative power of legal dashboards. The other four new listees are all based in Penang, a busy tech hub, which benefited from the U.S.-China trade war as global companies sought to diversify supply chains. As the co-founder of Selangor Properties Berhad, she is said to have been a hands-on leader, building the business with her husband from the ground up. JUNE 08, 2022, 06:00 PM. The complete list can be found at www.forbes.com/malaysia, as well as in the latest issue of Forbes Asia. All rights reserved. File picture by Mukhriz Hazim, Blinks are all systems go for a fabulous Blackpink concert, some arriving as early as 7am at Bukit Jalil, EPF refuses another round of withdrawal, says Bumiputera savings dropped 70pc during pandemic, After Pejuang applies to join Perikatan, Dr Mahathir says Mukhriz can do whatever he likes, Azalina: I wasn't involved in reappointing Idrus Harun as AG, Want to help flood-hit Chaah? Islamic Banking and Technology are the two main industries expected to grow within the next year. Queks wealth comes mostly from his stakes in Hong Leong and he is involved in real estate and food businesses as well. Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times . each having a 50 per cent stake in the team. Robert Kuok still on top as wealth of Malaysia's super rich increases after two years of decline. For more information, visit the Forbes News Hub or Forbes Connect. Check out our featured new launches by top property developers in Malaysia. Rounding up the next order of billionaires are: Tan Sri Jeffrey Cheah at #2,263 (Sunway Group, US$1.3 billion), Tan Sri Syed Mokthar Albukhary at #2,378 (MMC Corp, DRB HICOM, US$1.2 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion) and Tan Sri Surin Upatkoon at #2,674 (US$1 billion). As the only woman to have made it on this year's Forbes Malaysia's Top 50 Richest list, Puan Sri Datin Chong Chook Yew has earned the number one spot on our list. But the country is now grappling with a surge of Covid-19 cases. The next top five richest Malaysians in descending order according to the list are: Tan Sri T. Ananda Krishnan at #476 (Astro, US$5.8 billion . The bulk of his wealth comes from stakes in DRB-HICOM and MMC Corp. MMC's operations span ports, logistics, construction and engineering while DRB-HICOM is an automotive firm with interests in property and education. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. 8, US$3.5 billion) of Top Glove, ranked in the top ten. 37, $450 million) and Lau Chee Kheong (No. Shares in Press Metal Aluminium Holdings Bhd were up as metal prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to the third place with a net worth of US$6.4 billion. 2022 RANKING; Billionaire Secrets Malaysia's 50 Richest. Low-profile Syed Mokhtar AlBukhary started as a rice trader after dropping out of high school. 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. 7, US$3.8 billion) of Hartalega Holdings and Lim Wee Chai (No. This takes the full utilization of your martech stack and knowing the tools you can draw out from it. The total combined net worth of all these billionaires is estimated at US$13.1 trillion, up from US$8 trillion in last year. They are Tan Eng Kee (No. Mr Tan, the Malaysia-born .