The Sunway Group is undeniably one of the most distinguished companies in Malaysia today. Mention the word Sunway and most people will talk about the world-class theme park of Sunway Lagoon, the internationally recognized Sunway University, one of the largest shopping malls in Malaysia, the Sunway Pyramid Shopping Centre as well as the award-winning township of Sunway and its surrounding vicinities.
The Founder of Sunway
Sunway is the brainchild of Tan Sri Jeffrey Cheah, who chairs the company where it started off humbly in 1974 as a tin-mining company. Today, the Sunway Group has expanded and become one of the major forces in the property development, education and leisure companies in Malaysia. It is involved in many other areas of businesses that include building materials, trading and manufacturing, information technology, hospitality, healthcare as well as in the areas of civil engineering and construction.
In 2007, the Sunway Group was the only Malaysian company that was ranked by the Hewitt-Fortune RBL Top Companies for Leaders for its achievement in the management of human capital. Under the group, 2 companies are listed in Bursa Malaysia namely Sunway Holdings Berhad and Sunway City Berhad where the former is the investment operations arm that deals mainly in the areas of building and construction encompassing trading and quarries while the latter is mainly the property development and hospitality arm of the group.
How rich is Tan Sri Jeffrey Cheah?
The strong stature and character of Sunway Group would perhaps be the 800-acre Sunway Integrated Resort City which is home to all those iconic landmarks. Its ‘Resort Living within the City’ concept has since garnered a whole list of awards and recognition from all over the world and through the leadership of Tan Sri Jeffrey, the group has grown by leaps and bounds through its integration of all its businesses that include the non-profit educational arm, Tan Sri Jeffrey Cheah Foundation.
This has created a lot of wealth for Tan Sri Jeffrey, who has been on Malaysia’s richest list for more than 10 years now. As of 2021, his wealth was estimated at US$1.4 billion, placing him as the fifteenth richest person in the country.
Source Of Wealth
Tan Sri Cheah’s main source of wealth comes from his property development business.
Tan Sri Cheah has 1 daughter and 2 sons. Her eldest daughter Sarena Cheah has been involved in the family’s business for more than 20 years. His son Adrian Cheah Yean Sun and Evan Cheah Yean Shin are both actively involved in the group’s business as well.
He holds a Bachelor of Arts/Science from Victoria University, Australia.