Malaysia is one of the most beautiful countries to spend your holidays and celebrate your special events on the beaches of of Malaysia with friends and families. However, what people often do not know is the fact that Malaysia is also known for its wealth and richest people who made it possible for the country by contributing their share in the GDP of Malaysia. Here are 20 richest people in Malaysia, Have a look!
1)Robert Kuok- $12,500 Million
The richest and the most influential business tycoon who introduced a luxury hotel brand, Shangri-La in 1971 is now on his way to open 71st sumptuously appointed Shangri-La. Still he shows no sign of stopping with his investment all around the Asia. He earns his biggest assets with stakes in Wilmar International, the largest listed Pal oil company.
2)Ananda Krishnan- $11,700 Million
Standing on eight second position as the world richest man is second in the list of richest Malaysian. The man avoids public exposure and is known to maintain a low profile. The man ha business interest in media, telecommunication, satellite and oil & gas. Owns stakes in companies involve in power generation, gaming and real estate.
3)Lim Kok Thay and Family- $6,600 Million
The on of late casino magnate, Lim Goh Tong is an owner of Getting Group, which owns a resort and casinos in Malasia, Philippines, Hong Kong and the U.K. He is on its way planning for vast expansion of its booming casino in New York. The family shares fortune and last year bulk of his wealth was listed under his mother’s name.
4)Teh Hong Piow- $5,600 Million
The founder of Malasia’s third largest bank, Public Bank, is a banker for six decades and saw his fortune touching skies as share of his banks touched a record high in December. The man who started as a clerk with an Oversea Chinese Banking Group has now over 400 branches and 17500 employees work9ing for him.
5)Quek Leng Chan- $4,800 Million
A Chinese origin-Malaysian tycoon, a Barrister-at-law, is the cofounder of Hong Leong Group Malaysia, which control 14 listed companies involve in finance, property and infrastructure and distribution. He excels in the field of manufacturing, financial services and real estate.
6)Lee Shin Cheng- $4,500 Million
The Malaysian business tycoon provides scholarships to deserving students through non profit organization initiated by the IOI Group. Palm oil producer and property developer has recently declined in the list due to a 28 % drop in shares of his IOI Group.
7)Yeoh Tiong Lay- $2,800
The self made billionaire and the founder of YTL Corp, a construction firm, got a boost in his wealth from a rise in the share of his conglomerate, probably due to better performance of his cement unit. The conglomerate owns PowerSeraya, the Singapore’s second largest power plant. Recently he closed a $415 million deal for three Marriott Hotels in Australia.
8)Syed Mokhtar AlBukhary- $2,750 Million
The richest Bumiputra corporate figure in Malaysia faced fall in shares in his MMC Group and DRB Hicom probably due to racking up debt for acquisitions and other purposes. The biggest private borrower owns airports and ports and indulge into engineering, construction and automobiles. Last year his telecom company, Puncak Semangat, beats out big players from the ground.
9)Tiong Hiew King- $1,800 Million
The founder and timber tycoon of the timber company, Rimbunan Hijau Group, whose overseas timber operations in Papua Guinea is the largest in the country. The Chinese Malaysian through his group operates Malaysia’s Guang Ming Daily and Sin Chew Jit Poh. His international empire now encompasses property development and media enterprise.
10)Vincent Tan- $1,300 Million
The business magnate and the investor have no clue about the culture of football is now owned a football club, Cardiff City. He is also the chairman and chief executive of Berjaya Corporation Berhad, involve into property, resorts, gambling and golfing.
11)Tan Heng Chew and family- $1,200 Million
His father was one of the founders who founded car distributor in 1957, which later grew into Tan Chong Motor Holdings which now assemble motor vehicles, manufacture automobile parts, trade consumer goods and industrial vehicles.
12)Shahril and Shahriman Shamsuddin- $1,050 Million
The brothers who own Supara Group and share equal stakes, whose oil and gas unit is close to wrapping up $3.7 billion merger was founded by their father. Their father sued them and demanding return of shares and property valued $150 million.
13)Chen Lip Keong- $1,010 Million
The co-founder and Chief executive of gaming company Naga Corp Ltd, has a monopoly on gambling in Phnom Penh. The rise in his wealth was seen as the stock price doubled last year, propelling the former medical doctor to the billionaire ranks for the first time.
14)Lee Oi Hian and Lee Hau Hian- 1,000 Million
The brothers would definitely be landing on the list since their fortune climbed 22% as stock in their Batu Kawan, a company holding Palm oil and chemical interests, rose on higher palm oil prices. The brothers own Kuala Lumpur Keeping, which own personal care products maker Crabtree and Evelyn.
15)Mokhzani Mahathir- $980 Million
The son of Prime minister of Malaysia is the chief executive officer of Kencana petroleum Berhad. In 2006 he was an UMNO delegate but later following the footsteps of his father he stepped down from politics.
16)Desmond Lim Siew Choon- $870 Million
The Malaysian tycoon has more than 22 years of experience and has been the executive chairman of Malton Bhd since 2001. He founded central Kuala Lumpur’s Pavilion Mall, a luxury twin tower apartment with a shopping center.
17)Azman Hashim- $180 Million
One of the richest men in Malaysia heads AmBank Group, Malaysia’s one of the largest bank by assets. The Group acquired Kurnia Insurans in September, making it the country’s largest general insurer.
18)Surin Upatkoon- $805 Million
A major shareholder in Kularb Kaew got his big break when Bangkok South Criminal Court in its case. He has stakes in Multiple Purpose Holding which has investments in the major field. The company is now planning to separate its real estate, financial services business and hotels.
19)GOh Peng Ooi- $740 Million
The new Malaysian billionaire sees his fortune doubling over the past year. The chairman of Malaysia’s top banking software provider, Silverlake Axis has seen a rise in his wealth as the shares soared 117 %. The stock rose due to production of full pipeline of products for financial institutions.
20) Kamarudin Meranun- $635 Million
One of the most successful and workaholic business tycoon working alongside Tony Fernandes to make AirAsia the best air service in the world. He owns 11% stake in it and also invested in all of the groups venture, mobile phones, insurance, education, hotel and auto making business.