One of the most renowned timber tycoons in Malaysia is Tan Sri Datuk Sri Tiong Hiew King. He is affiliated with Rimbunan Hijau in which he sits at the 16th richest Malaysians in 2021. While the timber industry has not been as lucrative as before, Tan Sri Tiong continues to enjoy his wealth in this sector in other countries.
A global presence in the forestry industry
In fact, Tan Sri Tiong’s forestry concessions are known to extend to 16 countries globally. Furthermore, his other business interests include sectors like property development, palm oil as well as in oil & gas, among others. In addition to that, Tan Sri Tiong owns around 70% of the Chinese newspaper market in Malaysia. That is garnered through his shares in the publication arm of his group. A self-made billionaire, Tan Sri Tiong started out in rubber tapping in Sarawak before working his way up to where he is today. He was born in 1935 and is an avid follower of Tai Chi.
Tan Sri Tiong’s Net Worth
Source Of Wealth
Although he has a lot of business interests in other sectors, Tan Sri Tiong’s main source of wealth is still very much in the forestry.
Tan Sri Tiong has 3 children, Tiong Choon, Tiong Chiong Ong and Tiong Chong Hoo.
Tan Sri Tiong is a graduate of China’s Xiamen University. In his younger years, he studied at the Chung Cheng Primary School and the Methodist High School and Sacred Heart High School in Sibu, Sarawak.