Decline in economic growth had affected our top 40 Malaysian Richest tycoon worth $36 billion this time which declined from $46 billion a year ago. But the first 2 ranking remains the same as Tan Sri Robert Kuok remains as the Malaysia’s Richest Man and continued by Tan Sri Ananda Krishnan at second place.
Below are the full list of Top 40 Malaysia’s Tycoon 2009:-
Rank – Name – Net Worth ($MIL) – Age
1. Robert Kuok – 9,000 – 85
2. Ananda Krishnan – 7,000 – 71
3. Lee Shin Cheng – 3,200 – 70
4. Lee Kim Hua – 2,500 – 80
5. Teh Hong Piow – 2,400 – 79
6. Quek Leng Chan – 2,300 – 68
7. Yeoh Tiong Lay – 1,800 – 79
8. Syed Mokhtar AlBukhary – 1,100 – 57
9. Tiong Hiew King – 1,000 – 74
10. Vincent Tan – 750 – 57
11. Azman Hashim – 470 – 69
12. William H.J. Cheng – 390 – 66
13. G. Gnanalingam – 260 – 64
14. Lim Kok Thay – 225 – 57
15. Anthony Fernandes – 220 – 45
16. Mokhzani Mahathir – 215 – 48
17. Lee Oi Hian – 210 – 58
18. Chan Fong Ann – 209 – 78
19. Kamarudin Meranun – 205 – 48
20. Chong Chook Yew – 200 – 87
21. Chen Lip Keong – 195 – 61
22. Lee Swee Eng – 190 – 53
23. Jeffrey Cheah – 185 – 64
24. Lim Wee Chai – 180 – 51
25. Ahmayuddin bin Ahmad – 175 – 52
26. Lee Hau Hian – 174 – 55
27. Lau Cho Kun – 165 – 73
28. Vinod Sekhar – 150 – 41
29. Liew Kee Sin – 140 – 50
30. Tiah Thee Kian – 135 – 61
31. Rozali Ismail – 130 – 53
32. Lin Yun Ling – 115 – 54
33. Yaw Teck Seng – 113 – 71
34. Goh Peng Ooi – 112 – 53
35. Eleena Azlan Shah – 110 – 49
36. David Law Tien Seng – 105 – NA
37. Syed Mohd Yusof Tun Syed Nasir – 100 – 61
38. Hamdan Mohamad – 98 – 53
39. Tan Teong Hean – 95 – 65
40. Kua Sian Kooi – 90 – 56
More details of top 10 on each tycoons:-
1. Robert Kuok (Kuok Group)
Net Worth $9 billion
Age 85
Marital Status Married, 8 children
(Maintain rank since 2008)
Onetime rice, sugar trader heads multinational Kuok Group. Biggest source of wealth is stake in Wilmar International, palm oil outfit run by his nephew. Other big holdings are Hong Kong real estate group Kerry Properties, hotel operator Shangri-La Asia. Has an interest in South China Morning Post publisher. With Filipino tycoon Eduardo Cojuangco Jr.’s San Miguel, plans to spend up to $1 billion to develop public land for farming to boost agricultural sector.
2. Ananda Krishnan (Maxis)
Net Worth $7 billion
Age 71
Marital Status Married, 3 children
(Maintain rank since 2008)
Runs Maxis Communications, Malaysia’s largest cell phone service provider, with more than 10 million subscribers; took it private in June 2007 in $12 billion deal, then sold 25% to Saudi Telecom the same month. Last year sold Excel, the exhibition venue in London’s Docklands, for reported $230 million and bought 20% stake in British regional newspaper chain Johnston Press, luckily a small holding, as stock has dropped more than 80% since as it struggles with debt. Modern art collector, has homes in Kuala Lumpur, London and south of France; has a son who is a monk living in the forest.
3. Lee Shin Cheng (ioi Group)
Net Worth $3.2 billion
Age 70
Marital Status Married, 6 children
(Maintain rank since 2008)
Former plantation field supervisor heads ioi Group, one of world’s leading operators of palm oil plantations, refineries. Took its IOI Properties private in April. IOI’s stock has doubled since November but still down a third since last year amid falling commodity prices.
4. Lee Kim Hua (Widow of Lim Goh Tong)
Net Worth $2.5 billion
Age 80
Marital Status Widowed, 6 children
(achieve a rank higher than previous year)
Widow of Lim Goh Tong, who transformed a jungle on outskirts of Kuala Lumpur into one of world’s most successful casino resorts. Genting Group now run by her son Lim Kok Thay (No. 14) but inheritance held in trust to benefit Lee, her children and grandchildren.
5. Teh Hong Piow (Public Bank)
Net Worth $2.4 billion
Age 79
Marital Status Married, 4 children
(a rank lower than previous year)
Former bank clerk opened first bank in 1966. Now his Public Bank has 14,000 employees; branches throughout Malaysia, also in Cambodia, Laos, Sri Lanka, Hong Kong, China. Set up Public Islamic Bank as a subsidiary in November 2008. Donates to medical institutions and to the Malaysian Nature Society to fund planting of trees.
6. Quek Leng Chan (Hong Leong Group Malaysia)
Net Worth $2.3 billion
Age 68
Marital Status Married, 3 children
(Maintain rank since 2008)
Heads conglomerate Hong Leong Group Malaysia, with interests in finance, entertainment, real estate. Bought 5% stake in Mokhzani Mahathir’s (No. 16) Kencana Petroleum and 3% in Intercontinental Hotels Group last year. Family’s GuocoLand is planning retail, residential, office projects in China. Inherited business from his father, one of 3 brothers to start a banking group in 1920s.
7. Yeoh Tiong Lay (YTL Corp)
Net Worth $1.8 billion
Age 79
Marital Status Married, 7 children
(Maintain rank since 2008)
Founded YTL Corp., one of Malaysia’s largest conglomerates, run by son Francis.
8. Syed Mokhtar AlBukhary (Malaysia Mining Corp)
Net Worth $1.1 billion
Age 57
Marital Status Married, 5 children
(Maintain rank since 2008)
Former rice trader controls Malaysia Mining Corp. (MMC); has stakes in Malaysia’s Johor Port, independent power producer Malakoff, natural gas distributor Gas Malaysia. Inking projects in Saudi Arabia, Jordan. Lost billionaire status earlier this year but back up top thanks to rebound of MMC stock. His Albukhary Foundation offers scholarships to students from poor countries to pursue college education in Malaysia.
9. Tiong Hiew King (M’sia – Nanyang, Sin Chew) (HK- Ming Pao)
Net Worth $1 billion
Age 74
Marital Status Married, 4 children
(achieve a rank higher than previous year)
Dubbed by some as Asia’s Rupert Murdoch—his Chinese Media International has 5 newspapers, 30 magazines in Southeast Asia, Hong Kong, mainland China, Taiwan, North America. His Rimbunan Hijua, which means “forever green,” has palm oil, timber assets. Big player in New Zealand, where he owns timber, property and fish farming companies; also in Papua New Guinea, where he has an English-language newspaper, hypermarkets and controversial logging operations.
10. Vincent Tan (Berjaya Group, Cosway, Singer, 7- Eleven, MacDonald, Wendy’s, Starbucks …)
Net Worth $750 million
Age 57
Marital Status Married, 11 children
(a rank lower than previous year)
Has run Berjaya, which means “success” in Malay, since 1984; interests in hotels, lotteries, real estate, finance. Operates 7-Eleven, Wendy’s, Starbucks, Borders in Malaysia. Opened first Krispy Kreme store there in April. Also operates water and sewage treatment and sanitary landfills in Malaysia, Indonesia and China. Selling stake in moneylosing U.S. eatery Roadhouse Grill; setting up a school in China.
You can view the list here from rank 11th onwards..
Found this quite interesting an electronic engineer worked at IBM for 9 years and now he’s a tycoon
#34 Goh Peng Ooi