The name Robert Kuok has been synonymous with sugar for decades. In fact, so renowned is he with this industry that he is being conferred
Richest People in Malaysia
Rober Kuok retains as the richest man in Malaysia
With a group net worth of RM49.9bil, Tan Sri Robert Kuok has been the richest Malaysian for so many years, people have lost count. He is so far away from the rest of the pack, his net worth is almost twice as much as the second one in this list. His wealth just keeps increasing and his recent foray back into the Malaysian government will see his popularity rise.
- Net worth: RM49.9bil
- 2017 Ranking: No.1
No.2 – Tan Sri Lim Kok Thay
The Genting Group boss has turned the company around. When he took over, it was a one-hill entertainment and casino company. Since then, he has expanded his late father’s empire into an international company. It is no wonder that he surged so quickly up the charts.
- Net worth: RM23.8bil
- 2017 Ranking: No.6
No.3 – Tan Sri Teh Hong Piow
This is a classic tale of rags to riches and how to stay there. Tan Sri Teh is the epitome of a Malaysian who worked his way up. The Public Bank founder started from the financial sector and has been building his wealth (on his own) ever since to become one of the most stable and top banks in Asia.
- Net worth: RM21.6bil
- 2017 Ranking: No.4
No.4 – Tan Sri Lee Shin Cheng
The IOI Corp boss rose to this list after the aggressive acquisition of estates by the company in the 1990s. Today, Tan Sri Lee has been a mainstay in this list after IOI Corp grow from strength to strength.
- Net worth: RM20.6bil
- 2017 Ranking: No. 5
No. 5 – Tan Sri T Ananda Krishnan
The company is Usaha Tegas Sdn Bhd but most people know him for Maxis and Astro. Among the top 10 in the list, his growth is the smallest which saw him dropping down the order. The big decline actually started in 2016 and his other investments have not been performing as good as expected.
- Net worth : RM20.4bil
- 2017 Ranking: No.3
No. 6 – Tan Sri Lau Cho Kun
This tycoon is in charge of Hap Seng Consolidated Bhd. His wealth is contributed mostly by the strong performance of shares from the company which is involved in plantations and financial services. Make no mistake about it, Hap Seng is actually Asia’s largest independent distributor of Mercedes-Benz cars.
- Net worth: RM17.6bil
- 2017 Ranking: No.9
No.7 – Tan Sri Quek Leng Chan
Hong Leong Groups 75-year old boss is known to have one of the highest number of listed companies not only within Malaysia but in Hong Kong and Singapore as well. He is the last individual shareholder in Malaysia who holds a large stake in a Malaysian bank after the retirement of Tan Sri Teh of Public Bank as chairman.
- Net worth: RM15.9bil
- 2017 Ranking: No.2
No.8 – Tan Sri Koon Poh Keong and Koon Poh Ming
The Koon family was in fourteenth in 2016 but surged to the top 10 in 2017 after the shares of Press Metal Aluminium Holdings surged, increasing their wealth by about RM10billion.
- Net worth: RM13.07bil
- 2017 Ranking: No.8
No.9 – Kuan Kam Hon @ Kwan Kam Onn
The Executive Chairman of Hartalega Holdings holds a 6% direct stake and through Hartalega Industries has another 49%. In 2017, the shares increase by more than 120% and that pushed Kuan up the rankings.
- Net worth: RM9.71bil
- 2017 Ranking: No.10
No 10 – Tan Sri Dr Chen Lip Keong
Not many people is aware but Tan Sri Dr Chen is another casino tycoon from Malaysia. While he might not have any gaming businesses in Malaysia, his company owns the largest hotel and is the largest gaming company in Cambodia, NagaCorp.
- Net worth: RM9.31bil
- 2017 Ranking: No.7
No. 11 – Tan Sri Yeoh Tiong Lay
This name is no stranger to almost every Malaysian. YTL is known for their properties across the country. This group owns businesses in various types of industries including property, technology and water to name a few.
- Net worth: RM9.22bil
- 2017 Ranking: No.11
No 12 – Tan Sri G Gnanalingam
The Westports boss has been in the list for many years now late. The decline in his net wealth in 2017 saw him losing almost RM1billion but still remains competitive as he move up the list.
- Net worth: RM5.74bil
- 2017 Ranking: No. 21
No. 13 – Tan Sri Jeffrey Cheah Fook Ling
This man needs little introduction as his company is everywhere. A philanthropist who has been giving back to society, the founder and boss of Sunway Group has been extremely profitable with almost every industry he enters into. Today, Sunway has grown not only in Malaysia but internationally as well into Singapore, China and Australia.
- Net worth: RM5.5bil
- 2017 Ranking: No. 13
No. 14 – Tan Sri Syed Mokhtar Albukhary
He is the boss of MMC Corp Bhd and he is known to be involved in many types of businesses. It has been said that a single day of the Malaysian life will involve Tan Sri Syed Mokhtar’s business in one way or another. This includes transportation, food, logistics and construction, to name a few. A mainstay in the top 10 for many years, he dropped out of the list recently as others grew a lot faster.
- Net worth: RM5.25bil
- 2017 Ranking: No. 12
No. 15 – Tan Sri Lee Oi Hian & Datuk Lee Hau Hian
The brothers are the major shareholders in Batu Kawan Bhd. It owns the major share in KLK which is helmed by Oi Hian (CEO). This plantation giant company has been growing in recent years which saw their wealth grow as well.
- Net worth: RM4.25bil
- 2017 Ranking: No.17
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The Man who made millions through bereavement care Tan Sri Kong Hon Kong is the 34th richest person in Malaysia under the Forbes 2015 list.
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Ranked at 30 of the richest Malaysians list is Tan Sri Sir Ninian Mogan Lourdenadin. Known to be a man who prefers a low profile,
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Malaysian Tycoon who brought F1 Datuk Mokhzani Mahathir is often associate with his father Tun Dr Mahathir Mohamad, the former longest serving prime minister of
Rich Petroleum Brother The names Shahril and Shahriman Shamsuddin would surely resonate very much with the oil and gas industry. Known as the Shamsuddin brothers,
The Iskandar Man Ranked at 26th of the richest people in Malaysia by Forbes, Tan Sri Lim Kang Hoo is one of the significant people
Malaysia’s Top 4 Rubber Tycoons Dato Lim Kuang Sia is the CEO and founder of Kossan Rubber Industries. This company was recently given the ‘Brand
Co-founder of Westports Malaysia The Malaysian richest list has a few bumiputeras. Among them includes Ahmayuddin bin Ahmad. He is the 24th richest person in
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,
Malaysian Billionaire who made Rubbers famous Top Glove Group of Companies has often been associated with rubber gloves. In fact, it is often regarded to
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The man who made Sunway great The 18th richest man in Malaysia is Tan Sri Dr Jeffrey Cheah. This is the man who brought Sunway
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Damansara land tycoon The name Malton Berhad will resonate very well with Malaysians because of its high profile commercial and private real estate projects. This
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The Man who brought World Cup and World-class Ports The 14th richest man in Malaysia is Tan Sri Datuk G Gnanalingam. Unknown to many, he
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The McDonald’s name is the leading fast-food brand in the world. In fact, much like Coca-Cola, McDonald’s leads in most of the markets it is
Among some of the most common sayings in Malaysia is that almost every ringgit spent in the consumer sector, some are contributed to Tan Sri
Malaysia’ sown brand Lam Soon Malaysia is a fast-moving consumer goods company in Malaysia. It is owned by Tan Sri Quek Leng Chan, who is
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The Media Chinese International Ltd is one of the largest media company in Asia. The company is a subsidiary of the Rimbunan Hijau Group that
Rimbunan Hijau Group, as the name implies is a company which is mainly involved in the plantations and timber industries. Founded and led by Tan
DRB-Hicom DRB-Hicom is one of the most widely reported Malaysian companies in recent years. This is mainly due to the fact that the company has
All Asia Broadcast Network The name Astro has always been synonymous with satellite television which is the company run by none other than tycoon T
Under the wings of the Kuok Group is Jerneh Asia Berhad, one of the major investment holding companies in Malaysia. This is one of the
Transmile Group is one of the companies operated under the Kuok Brothers Sdn Bhd group, which is led by its chairman Robert Kuok Hock Nien,