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40 Richest Malaysians For 2008 By Forbes

Malaysian tycoon Tan Sri Robert Kuok continues to maintain his lead position as Malaysia’s richest man in the latest Forbes Asia’s rich list.

Forbes Asia Malaysia's 40 RichestAccording to Forbes Asia, Kuok, 84, who has many businesses, including Hong Kong property and media interests, and most notably palm oil giant Wilmar, increased his net worth from US$2.4 billion last year to hit US$10 billion.

The latest ranking list also saw Berjaya Corp’s Tan Sri Vincent Tan joining the billionaires’ club, Forbes Asia said in a news release here.

There are 10 billionaires in the list this year, one more than last year.

Tan, who rose from 14th to ninth position, has a net worth of US$1.3 billion, up nearly US$1 billion from last year.

Forbes Asia said Tans company, Berjaya Corporation, had bucked the trend with its stock price up nearly three-fold over the past 12 months.

Tan reigns over a vast US$4 billion — combined sales — network of enterprises spanning industries such as gaming, media, telecom, consumer products and retail as well as real estate.

Still in second place is Ananda Krishnan who heads telecom company Maxis.

But his wealth dipped to US$7.2 billion, which is US$200 million less than last year.

The third richest in the list is IOI Corporation’s group executive chairman Tan Sri Lee Shin Cheng who was ranked fourth last year but as the oil palm plantation giant soared in value, his wealth rose from US$1.6 billion to US$5.5 billion, Forbes Asia said.

The highest new entry is Puan Sri Lee Kim Hua, widow of renowned gaming tycoon Tan Sri Lim Goh Tong who was ranked third last year but died in October.

She and her family are worth US$3.4 billion and ranked fifth, even as son Tan Sri Lim Kok Thay, who runs Genting, is listed on his own with US$345 million, putting him in 15th place.

Lee is one of three women on the list alongside Selangor Properties’ chairman Puan Sri Chong Chook Yew, ranked 24th (US$245 million), and daughter of the Sultan of Perak, Raja Datuk Seri Eleena Raja Azlan Shah, ranked 35th (US$150 million).

Among the newcomers is Datuk Nazir Razak, group chief executive of CIMB Group and the youngest son of second Prime Minister, the late Tun Abdul Razak Hussein. Nazir managed to scrape into the 40th position as the last richest Malaysian in Forbes Asia’s top 40 with a net worth of US$100 million.

The collective wealth of the top 40 is US$46 billion, up US$3 billion from last year.

While 16 people managed to add to their wealth, 18 saw their net worth slipped, with seven of them losing at least a quarter of their worth.

Tan Syed Mokhtar Al-Bukhary, the richest Malay tycoon and a billionaire, dropped one position from seventh to eighth after his net worth was reduced by US$200 million to US$1.8 billion.

The Malaysia Rich List appears in the June 2 issue of Forbes Asia.

The top 40 richest in Malaysia for 2008 are:

  1. Robert Kuok USD 10 billion, 84, married, 8 children.
    Kuok Group, Pacific Carriers Ltd, Transmile Group, Wilmar International
  2. Ananda Krishnan USD 7.2 billion, 70, married, 3 children.
    Maxis Comminications, Aircel Ltd, Astro All Asia Networks
  3. Lee Shin Cheng USD 5.5 billion, 69, married, 6 children.
    IOI Group
  4. Teh Hong Piow USD 3.5 billion, 78, married, 4 children.
    Public Bank
  5. Lee Kim Hua & family USD 3.4 billion, 79, widow, 6 children.
    Genting Group
  6. Quek Leng Chan USD 2.4 billion, 67, married, 3 children.
    Hong Leong Group, Guoco Group, Rank Group
  7. Yeoh Tiong Lay and family USD 2.1 billion, 78, widow, 7 children.
    YTL Corporation
  8. Syed Mokhtar AlBukhary USD 1.8 billion, 56, married, 5 children.
    Malaysia Mining Corporation (MMC), Malaysia Johor Port, Malakoff, Gas Malaysia
  9. Vincent Tan USD 1.3 billion, 56, married, 11 children.
    Berjaya Group
  10. Tiong Hiew King USD 1.1 billion, 78, married, 4 children.
    Rimbunan Hijau Group, Tri-M Technologies
  11. Azman Hashim USD 700 million, 68, married, 5 children.
    AMCorp Group, Ambank
  12. William H. J. Cheng USD 660 million, 65, married, 3 children.
    Lion Group
  13. Lee Swee Eng USD 495 million, 52, married.
    KNM Group
  14. Ong Beng Seng USD 470 million, 63, married, 2 children.
    Hotel Properties Ltd, Natsteel
  15. Lim Kok Thay USD 345 million, 56, married, 3 children.
    Genting Group, Star Cruises. Alliance Global
  16. Vinod Sekhar USD 320 million, 40, married, 2 children.
    Petra Group, Green Rubber Global
  17. Lee Oi Hian USD 300 million, 57, married, 4 children.
    Kuala Lumpur Kepong, Crabtree & Evelyn
  18. Yaw Teck Seng USD 295 million, 70, married.
    Samling Group
  19. Anthony Fernandes USD 290 million, 44, married.
    AirAsia, Tune Hotel, AirAsia X
  20. Mokhzani Mahathir USD 285 million, 47, married, 5 children.
    Kencana
  21. Kamarudin Meranun USD 280 million, 47, married, 5 children.
    AirAsia, Tune Hotel, AirAsia X
  22. Jeffrey Cheah USD 275 million, 63, married, 3 children.
    Sunway Group
  23. Lee Hau Hian USD 250 million, 55, married, 1 children.
    Batu Kawan, Kuala Lumpur Kepong
  24. Chong Chook Yew USD 245 million, 86, widow, 4 children.
    Selangor Properties
  25. Yaw Chee Ming USD 240 million, 49, married.
    Samling Group
  26. G. Gnanalingam USD 230 million, 63, married, 3 children.
    Westports
  27. Lim Wee Chai USD 200 million, 50, married, 2 children.
    Top Glove
  28. Kua Sian Kooi USD 195 million, 55, married, 4 children.
    Kurnia Asia
  29. Lau Cho Kun USD 185 million, 72, married.
    Gek Poh Holding, Malaysian Mosaics, Hap Seng
  30. Abdul Hamed Sepawi USD 180 million, 58, married, 2 children.
    Ta Ann
  31. David Law Tien Seng USD 165 million.
    Midwest, Sinosteel, T.S.Law Holding
  32. Tiah Thee Kian USD 163 million, 61, married, 5 children.
    TA Enterprise
  33. Liew Kee Sin USD 160 million, 50, married, 4 children.
    SP Setia
  34. Ahmayuddin Ahmad USD 155 million, 51, married, 4 children.
    Westports, Pelikan
  35. Eleena Azlan Shah USD 150 million, 48, married.
    Gamuda
  36. Lin Yun Ling USD 145 million, 53, married, 2 children.
    Gamuda
  37. Ong Leong Huat USD 130 million, 64, married, 4 children.
    OSK Group
  38. Lim Thian Kiat USD 115 million, 50, divorced.
    Former head of conglomerate Multi-Purpose
  39. Khoo Kay Peng USD 110 million, 69.
    MUI, Laura Ashley
  40. Nazir Razak USD 100 million, 41, married.
    CIMB, Bumiputra Commerce Holdings

Source : Forbes

List of the richest man in the world by Forbes.

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3 Comments so far

  1. no imageslumberaja (Check me out!) on September 30th, 2008

    u can count using fingers how many malays in that list. even so, some of them are cronies, not purely a businessman.

    anyone wanna exchange link? slumbeRAJA

    Rate this:
    3.1 (2 people)
  2. […] ranking Mesia 2008 kat sini The top 40 richest in Malaysia for 2008. Gambar dan biography ringkas In Pictures: The Richest Malaysians. Jutawan internet Malaysia sure […]

  3. anonymous on January 3rd, 2010

    Nazir Razak has 2 children! You should put that in next year’s list.

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