Richest People

Chen Lip Keong

Chen Lip Keong

Malaysia’s unknown gaming billionaire

Dr Chen Lip Keong would perhaps not be the person anyone would associate with the gaming industry. But unknown to many, his company NagaCorp is actually one of the most prominent gaming companies in the Southeast Asian region.

After all, casinos and gaming industries are always associated with Genting. However, Dr Chen has made a name for himself by being the man who monopolizes the gambling industry in Cambodia. In fact, NagaCorp actually owns the largest casinos in that country.

In the capital of Phnom Penh, Chen is the monopoly holder of the gambling sector. The medical doctor established the company in 1995 and listed it in the Hong Kong stock exchange. In 2015, he is the 23rd richest man in Malaysia. Dr Chen has been in the Forbes list since 2009 and although there has been a slight drop in his wealth recently, he still maintains much of his ranking.

In Cambodia, he is awarded a 70-years license. To facilitate his business, he leased two airplanes to ferry customers to his casinos from as far as China and Macau. With a monopoly for Phnom Penh until 2035, he is involved in other projects that include hotels and retail.

Chen Lip Keong’s Net Worth

$620 Million

Age 68

Source Of Wealth

Dr Chen’s main source of wealth comes from his gaming business.

Residence
Kuala Lumpur
Citizenship
Malaysia
Marital Status
Dr Chen is married
Children
One of his 3 children, Chen Yepern is currently helping out in his business.
Education
Dr Chen is a graduate of University of Malaya who has a degree in Medicine and Surgery.