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.

  1. Net worth: RM49.9bil
  2. 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.

  1. Net worth: RM23.8bil
  2. 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.

  1. Net worth: RM21.6bil
  2. 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.

  1. Net worth: RM20.6bil
  2. 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.

  1. Net worth : RM20.4bil
  2. 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.

  1. Net worth: RM17.6bil
  2. 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.

  1. Net worth: RM15.9bil
  2. 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.

  1. Net worth: RM13.07bil
  2. 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.

  1. Net worth: RM9.71bil
  2. 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.

  1. Net worth: RM9.31bil
  2. 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.

  1. Net worth: RM9.22bil
  2. 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.

  1. Net worth: RM5.74bil
  2. 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.

  1. Net worth: RM5.5bil
  2. 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.

  1. Net worth: RM5.25bil
  2. 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.

  1. Net worth: RM4.25bil
  2. 2017 Ranking: No.17
robert Kuok malaysia Richest Man

Robert Kuok – Richest Man in Malaysia

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

WONG TEEK SON

Wong Teek Son

Joining the Gloves Tycoons The 40th richest person in Malaysia is Wong Teek Son. He is a newcomer to the list by Forbes which was

PATRICK GROVE

Patrick Grove

E-Commerce and Media Genius Patrick Grove is no stranger in the new media and internet industry. He owns some of the top names in the

LIM HAN WENG

Lim Han Weng

From Lorries to Oil and Gas Services Lim Han Weng is the founder of Yinson Holdings, a major oil and gas services company in Malaysia.

LOH KIAN CHONG

Loh Kian Chong

Grandson of Mr Honda Loh Boon Siew The name Datuk Loh Kian Chong might not resonate with a lot of people but he is actually

ONG LEONG HUAT

Ong Leong Huat

Investment and Property Tycoon of Malaysia Tan Sri Ong Leong Huat is the Group Managind Director of OSK Holdings Berhad. This is a company that

LEONG HOY KUM

Leong Hoy Kum

Malaysia’s Leading Property Developer The 35th richest person in Malaysia is Tan Sri Leong Hoy Kum. His net worth is reported to be more than

KONG HON KONG

Kong Hon Kong

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.

CHONG CHOOK YEW

Chong Chook Yew

The richest woman in Malaysia The Forbes’ richest Malaysian list is dominated by men. The only woman in the list is Puan Sri Datin Chong

LIM TECK MENG

Lim Teck Meng

The Man who made millions making consumer packaging Lim Teck Meng is in the top 40 richest people in Malaysia through a very unique business.

TAN SRI AZMAN HASHIM

Tan Sri Azman Hashim

Top Banker in Malaysia The man behind AmBank, one of the largest banks in Malaysia is Tan Sri Dato’ Azman Hashim. He is no stranger

NINIAN MOGAN LOURDENADIN

Ninian Mogan Lourdenadin

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,

NGAU BOON KEAT

Ngau Boon Keat

MyKasih Foundation founder and Oil Billionaire The 29th richest person in Malaysia is Tan Sri Ngau Boon Keat. One of the founding members of Dialog

MOKHZANI MAHATHIR

Mokhzani Mahathir

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

SHAHRIL & SHAHRIMAN SHAMSUDDIN

Shahril & Shahriman Shamsuddin

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,

LIM KANG HOO

Lim Kang Hoo

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

LIM KUANG SIA

Lim Kuang Sia

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

AHMAYUDDIN BIN AHMAD

Ahmayuddin bin Ahmad

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

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,

LIM WEE CHAI

Lim Wee Chai

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

TAN HENG CHEW, ENG SOON & ENG HWA

Tan Heng Chew, Eng Soon & Eng Hwa

Tan Chong’s Nissan Success Most Malaysians would have heard of Tan Chong Motors and Sons. The 3 brothers of Datuk Tan Heng Chew, Eng Soon

GOH PENG OOI

Goh Peng Ooi

Tech Tycoon of Malaysia Goh Peng Hooi holds the 20th spot of the richest people in Malaysia. Not many people is aware of this but

YAW TECK SENG & YAW CHEE MING

Yaw Teck Seng & Yaw Chee Ming

Timber Father and Son tycoons The 19th spot of the list of Malaysian’s richest is father and son Dato Seri Yaw Teck Seng and Dato

JEFFREY CHEAH

Jeffrey Cheah

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

VINCENT TAN

Vincent Tan

The man who brought 7-Eleven, McDonalds and Starbucks to Malaysia It will be almost impossible to provide a full introduction to Tan Sri Dato Seri

DESMOND LIM SIEW CHOON

Desmond Lim Siew Choon

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

G GNANALINGAM

G Gnanalingam

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

DANNY TAN CHEE SING

Danny Tan Chee Sing

The Tropicana Billionaire One of the very significant factors of Tan Sri Danny Tan is that he is the brother of Tan Sri Vincent Tan,

TIONG HIEW KING

Tiong Hiew King

The Malaysian Timber Tycoon One of the most renowned timber tycoons in Malaysia is Tan Sri Datuk Sri Tiong Hiew King. He is affiliated with

KUAN KAM HON

Kuan Kam Hon

Rubber Tycoon of Malaysia At the eleventh spot, Kuan Kim Hon is one of the richest rubber tycoons in Malaysia. He has a net worth

RICHEST PEOPLE IN MALAYSIA

The Richest People in Malaysia 2016

1. Robert Kuok The richest Malaysian today is none other than Mr Robert Kuok who despite having a small dip in his fortune is still

TAN SRI VINCENT TAN – MCDONALD’S

Tan Sri Vincent Tan – McDonald’s

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

ONG BENG SENG – CLUB21

Ong Beng Seng – Club21

Many people are not aware that some of the world’s top designer brands are actually owned by Asians and most notably by Malaysians. In fact,

TAN SRI TIONG HIEW KING – RIMBUNAN HIJAU

Tan Sri Tiong Hiew King – Rimbunan Hijau

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

TAN SRI SYED MOKHTAR ALBUKHARY

Tan Sri Syed Mokhtar AlBukhary

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

T ANANDA KRISHNAN

T Ananda Krishnan

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

JERNEH ASIA BERHAD

Jerneh Asia Berhad – Robert Kuok

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 BERHAD

Transmile Group Berhad (Main Market)

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,