Malaysia’s 40 Richest For 2009 By Forbes

Thursday, May 28th, 2009 | Business, News with No Comments »

Malaysia’s 40 wealthiest are worth $36 billion, down from $46 billion a year ago. That loss is largely in line with the 21% drop in the Kuala Lumpur Composite Index and not too bad considering the fact that the Malaysian ringgit has lost 10% against the U.S. dollar, the currency in which net worths are measured.

Forbes Asia Malaysia's 40 RichestMalaysia’s billionaires continue to dominate. The country’s two richest people, Robert Kuok and Ananda Krishnan, both again No. 1 and No. 2, are worth a combined $16 billion and account for 44% of the top 40’s wealth. The two, who have topped Forbes Asia’s Malaysian rich list since it debuted in 2006, are also the two wealthiest in Southeast Asia. The country’s nine billionaires are worth $30 billion, or 84% of the total, the biggest wealth disparity among any of Forbes Asia’s other rich lists. Vincent Tan is the only Malaysian to have dropped out of the billionaire ranks in the past 12 months, as share prices in his companies declined.

Syed Mokhtar Albukhary, who lost his billionaire status earlier this year, is back up top, worth $1.1 billion, thanks to a rebound of his Malaysia Mining Corp. stock.

Top 40 Richest Man In Malaysia For 2009 are:
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40 Richest Malaysians For 2008 By Forbes

Friday, May 23rd, 2008 | Business, News with 2 Comments

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.
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Raja Petra Released On Bail

Tuesday, May 13th, 2008 | Politik with No Comments »

Malaysia Today editor Raja Petra Raja Kamarudin who was released on bail Friday said that he did not go on “hunger strike” in prison.

Raja PetraHe also vowed to continue updating his Malaysia Today news portal in a day or two.

Raja Petra, 58, said he had refused to eat because “prison food is paid by the rakyat.”

“I do not think the rakyat’s money is well spent, so I refused to eat any food,” he said after his release on a RM5,000 bail at the court premises.

The father of five said he had not eaten any food since he was charged in the Sessions Court here on Tuesday for sedition.

“Since I could not have food from outside, I did not eat at all. I want to go back and have breakfast now. I am dehydrated,” said Raja Petra who smiled and immediately drank a bottle of mineral water supplied by his wife Marina Lee Abdullah.
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40 Richest Malaysian For 2008

Wednesday, February 27th, 2008 | Business, News with 6 Comments

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
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