Known as one of the most powerful companies in Malaysia, the YTL Group is probably one of the most prominent and largest conglomerates today. It is currently being managed by Tan Sri Francis Yeoh Sock Ping who took over the helm from his father Tan Sri Yeoh Tiong Lay when he was only 24. Together with his 4 brothers, Datuk Yeoh Seok Kian, Datuk Yeoh Seok Hong, Datuk Michael Yeoh Sock Siong, Datuk Mark Yeoh Seok Kah, Francis has steered the company into becoming a major player in the property development and leisure industries around the world.
One of the earliest property developers in Malaysia
Francis recently announced that part of the expansion plans of YTL Corp is to turn it into a global power by the year 2020 and with the current portfolio and success under the company’s belt, it seemed to be a vision that is truly achievable. But the story of YTL Corp dates back to 1955 and would be attributed to the hard work and foresight of his father Tan Sri Dato’ Seri Dr Yeoh who first establishing a construction company then. This would eventually be the anchor business for YTL Group where it is still very much in the production and manufacturing of building materials to complement its property development and leisure sectors.
Tan Sri Francis’ Wealth
In 2021, Tan Sri Francis Yeoh’s wealth is recorded at US$1.25 billion. That puts him at the 17th spot in the list of Malaysia’s richest. The success of YTL has become a lot more prominent since Francis took over after venturing into the utility sector by being the first IPP (independent power producer) in Malaysia and this became a major mover for YTL in moving forward. In time, it would become one of the most respected companies in the world today particularly due to the fact that it was totally resilient and robust and stood through the test of the economic downturn in 1998. In fact, it grew bigger where it eventually bought over and managed a string of world-class hotels and acquired companies that were not performing. Today, YTL has ventured into entertainment as well as into the telecommunications industry through its YES 4G brand.
Source Of Wealth
Tan Sri Fracis Yeoh’s wealth comes mostly from real estate, construction and energy.
Married to the late Puan Sri Datin Paduka Rosaline Yeoh
Tan Sri Francis has 5 children. His 3 sons are Jacob Yeoh, Joseph Yeoh and Joshua Yeoh and his 2 daughters are Ruth Yeoh and Rebekah Yeoh. All his children as actively involved in the YTL Group.
He holds a Bachelor of Engineering degree from Kingston University London, UK.