40 Richest Malaysian For 2008

Malaysian Business magazines in its February 2008 issue has published their survey of 40 Richest Malaysians. The ranking is as follows;

1. Robert Kuok Hock Nien, 84, RM 58.110 billion, Kerry/Kuok Group
2. T. Ananda Krishnan, 69, RM 19.625 billion, Usaha Tegas
3. Tan Sri Lee Shin Cheng, 69, RM 14.943 billion, IOI Group
4. Tan Sri Quek Leng Chan, 65, RM 11.098 billion, Hong Leong Group
5. Tan Sri Syed Mokhtar Albukhary, 57, RM 8.550 billion, Albukhary Foundation
6. Tan Sri Teh Hong Piow, 78, RM 8.06 billion, Public Bank
7. Tan Sri Tiong Hiew King, 71, RM 3.87 billion, Rimbunan Hijau
8. Tan Sri Vincent Tan, 56, RM 3.40 billion, Berjaya Group
9. Tan Sri Lim Kok Thay. 56, RM 3.16 billion, Genting Group
10. Tan Sri Azman Hashim, 68, RM 2.87 billion, Arab-Malaysian Corp
11. Datuk Lee Yeow Chor, 42, RM 2.33 billion, IOI Group
12. Lee Yeow Seng, 29, RM 2.29 billion, IOI Group
13. Tan Sri Yeoh Tiong Lay, 78, RM 1.74 billion, YTL Group
14. Ong Beng Seng, 62, RM 1.73 billion, Hotel Properties Ltd
15. Tan Sri Jeffrey Cheah Fook Ling, 62, RM 1.49 billion, Sunway Group
16. Datuk Yaw Teck Seng, 70, RM 1.39 billion, Samling Group
17. Datuk Seri Lee Oi Hian, 58, RM 1.304 billion, Batu Kawan
18. Datuk Lee Hau Hian, 55, RM 1.301 billion, Batu Kawan
19. Tan Sri Francis Yeoh Sock Ping, 54, RM 0.99 billion, YTL Group
20. Datuk Mokhzani Mahathir, 46, RM 0.97 billion, Kencana Petroleum
21. Datuk Yeoh Seok Hong, 49, RM 0.883 billion, YTL Group
22. Datuk Yeoh Seok Kian, 51, RM 0.881 billion, YTL Group
23. Datuk Micheal Yeoh Sock Siong, 48, RM 0.87 billion, YTL Group
24. Datuk Mark Yeoh Seok Kah, 43, RM 0.86 billion, YTL Group
25. Tan Sri Hamdan Mohamad, 52, RM 0.85 billion, Ranhill
26. Raja Datuk Seri Eleena Raja Azlan Shah, 47, RM 0.83 billion, Gamuda
27. Tan Sri Dr Lim Wee Chai, 50, RM 0.78 billion, Top Glove Corp
28. Tan Sri Kua Sian Kooi, 56, RM 0.75 billion, Kurnia Asia
29. Puan Sri Chong Chook Yew, 85, RM 0.71 billion, Selangor Properties
30. Datuk Tony Tiah Thee Kian, 61, RM 0.67 billion, TA Enterprise
31. Datuk Tan Chin Nam, 82, RM 0.61 billion, Tan & Tan
32. Tan Sri Rozali Ismail, 52, RM 0.59 billion, Puncak Niaga Holding
33. Shaari Ismail, 53, RM 0.57 billion, Puncak Niaga Holding
34. Datuk Seri Panglima Lau Cho Kun, 72, RM 0.533 billion, Gek Poh Holdings
35. Datuk Lin Yun Ling, 52, RM 0.532 billion, Gamuda
36. Datuk Seri Liew Kee Sin, 49, RM 0.52 billion, SP Setia
37. Ong Leong Huat, 64, RM 0.50 billion, OSK Holdings
38. Datuk Abdul Hamed Sepawi, 57, RM 0.49 billion, Naim Cendera Holdings
39. Datuk Tony Fernandes, 43, RM 0.47 billion, AirAsia
40. Kwan Ngen Chung, 48, RM 0.40 billion, Kwantas Corp

According to Malaysian Business, the above wealth figures are calculated based on the individuals’ reported personal stakes in listed companies and private holdings that can place a value on as at 18 January 2008.

However cross-holdings and indirect stakes in subsidiaries are not included to avoid double counting and overstating of wealth. Personal debt is taken into account only if it has been reported or made known in the annual statements.

According to the magazine the list is by no means a definitive compendium of the wealthiest in Malaysia. There are many who may be richer, with interests buried in inexplicable webs of companies or nominees, which makes tracing difficult.

The details of the 40 tycoons wealth and their background appears in the magazines February 2008 issue.

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