Malaysia's 50 Richest Person's

MALAYSIA'S 50 RICHEST

Robert Kuok remains Malaysia’s richest person with a fortune of US$12.5 billion (RM39 billion), according to the latest Forbes rich list.

Malaysia now also boasts of 14 billion-dollar fortunes, up from 11 a year ago.

The Kuala Lumpur Composite Index has moved up four per cent over the past year and during this period, the country’s gross domestic product rose 6.4 per cent.

In the process, a total of 23 tycoons on the list saw their wealth increase, with Kuok heading it for the eighth straight year with a net worth of US$12.5 billion. His holdings include the Shangri-La Hotels, Kerry Properties and the South China Morning Post, Hong Kong’s leading English-language newspaper.

Tan Sri Robert Kuok

A close second is Ananda Krishnan who saw his fortune rise from US$9.9 billion in 2012 to US$11.7 billion this year. Among recent deals that added to his wealth was the sale of a stake in telecom giant Maxis and the listing of his pay-TV operator Astro, which he took private in 2010 and raised US$1.5 billion in the process. He also sold the power business of privately held Tanjong for US$2.8 billion.

Tan Sri Ananda Krishnan

Lim Kok Thay, son of the late casino magnate Lim Goh Tong, runs Genting Group with resorts and casinos in Malaysia, Singapore, Hong Kong, the Philippines and the United Kingdom and a 43 per cent stake in a Norwegian Cruise Line. He shares his net worth of US$6.6 billion with his 82-year-old mother Lee Kim Hua and other family members.

Tan Sri Lim Kok Thay

This year’s list of 50 richest in Malaysia includes nine new members.

Among the billionaires who made their debut was auto tycoon Tan Heng Chew and his family who ranked number 11 with a fortune of US$1.2 billion. The family owns Tan Chong Motor Holdings which assembles motor vehicles, manufactures parts and trades industrial equipment and consumer goods.

Dato Tan Cheng Hew 

Shahril and Shahriman Shamsuddin, the brothers behind Sapura Group, also broke into the billionaire ranks after a US$3.7 billion merger of SapuraCrest and Kencana Petroleum (run by Datuk Mokhzani Mahathir, No. 15, US$980 million).

The two brothers come in at number 12 with a fortune of US$1.05 billion, up from US$845 million last year.

Last year was a lucky one for gaming tycoon, Chen Lip Keong, who founded Cambodian casino group NagaCorp, which has been raking in profits on gambling revenues. NagaCorp owns a monopoly on casinos in Phnom Penh until 2035. He is also expanding into hotels, restaurants, retail and an entertainment complex set for completion in 2015.

Gaming Tycoon  - Tan Sri Dr Chen Lip Keong

This year, a minimum net worth of US$145 million was needed to qualify for the list which was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts, private data bases, the Companies Commission of Malaysia and other sources.

Net worth figures are based on stock prices and exchange rates as of the close of markets on February 14, 2013. Private companies are valued by using financial ratios and other comparisons with similar companies that are publicly traded.

Several of the fortunes are shared among members of extended families and cannot be attributed entirely to the person listed.

Tan Sri Yeoh Tiong Lay and his son Tan Sri Francis Yeoh

TAN SRI VINCENT TAN

Source: Bernama & Forbes

Net Worth Calculated (US Dollars) in February 2013

Rank	Name	Net Worth	Age
1	Robert Kuok	$12,500 M	89
2	Ananda Krishnan	$11,700 M	75
3	Lim Kok Thay & family	$6,600 M	61
4	Teh Hong Piow	$5,600 M	83
5	Quek Leng Chan	$4,800 M	69
6	Lee Shin Cheng	$4,500 M	74
7	Yeoh Tiong Lay	$2,800 M	83
8	Syed Mokhtar AlBukhary	$2,750 M	61
9	Tiong Hiew King	$1,800 M	78
10	Vincent Tan	$1,300 M	61
11	Tan Heng Chew & family	$1,200 M	67
12	Shahril & Shahriman Shamsuddin	$1,050 M	-
13	Chen Lip Keong	$1,010 M	66
14	Lee Oi Hian & Lee Hau Hian	$1,000 M	62
15	Mokhzani Mahathir	$980 M	52
16	Desmond Lim Siew Choon	$870 M	53
17	Azman Hashim	$810 M	73
18	Surin Upatkoon	$805 M	64
19	Goh Peng Ooi	$740 M	58
20	Kamarudin Meranun	$635 M	52
21	Anthony Fernandes	$625 M	49
22	Ninian Mogan Lourdenadin	$615 M	59
23	Danny Tan Chee Sing	$520 M	58
24	Lau Cho Kun	$505 M	79
25	Vijay Eswaran	$500 M	52
26	Jeffrey Cheah	$480 M	68
27	G. Gnanalingam	$475 M	68
28	Loh Kian Chong	$450 M	37
29	Lim Wee Chai	$385 M	55
30	Chia Song Kun & family	$375 M	63
31	William H.J. Cheng	$345 M	70
32	Ahmayuddin bin Ahmad	$315 M	56
33	Chan Fong Ann	$300 M	83
34	Yaw Teck Seng & Yaw Chee Ming	$295 M	76
35	Chong Chook Yew	$280 M	90
36	Khoo Kay Peng	$275 M	74
37	Ong Leong Huat	$255 M	69
38	Liew Kee Sin	$230 M	54
39	Gooi Seong Lim	$215 M	63
40	A.K. Nathan	$210 M	57
41	Eleena Azlan Shah	$200 M	53
42	David Law Tien Seng	$175 M	60
43	Abdul Hamed Sepawi	$167 M	64
44	Chong Hin Loon	$165 M	66
45	Lin Yun Ling	$162 M	59
46	Kua Sian Kooi	$160 M	60
47	Tang Quee Huang	$155 M	-
48	Leaw Seng Hai	$150 M	51
49	Nazir Razak	$147 M	46
50	Hamdan Mohamad	$145 M	57