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2016 Malaysia Top 50 Richest

The top 50 richest people in Malaysia have a combined estimated net-worth of more than USD 62.6 Billion, in the latest 2016 report by Forbes.

Robert Kuok, who owns diversified businesses including Shangri-La Hotels & Resorts chain, top the list with an estimated net-worth of $10 Billion.  Ananda Krishnan is 2nd on the list with $7.4 Billion, with key holdings in telecommunication businesses such as Maxis and Astro.  Quek Leng Chan is 3rd on the list with $5.3 Billion, who co-founded Hong Leong Group Malaysia.

Teh Hong Piow who built Public Bank and Tan Sri Dato’ Lee Shin Cheng, IOI Group rounded up the top 5 richest people in Malaysia with $4.65 Billion and $4.6 Billion respectively.

Top 5 Richest in Malaysia:

RankNameNet Worth USDCompany
1Robert Kuok$10 BShangri-La Hotels and Resorts Chain
2Ananda Krishnan$7.4 BMaxis Communications, Astro
3Quek Leng Chan$5.3 BHong Leong Group Malaysia
4Teh Hong Piow$4.65 BPublic Bank Berhad
5Lee Shin Cheng$4.6 BIOI Corporation Berhad


Malaysia’s Richest Fast Facts:

Rising Asia

The Richest: Robert Kuok with $10 Billion (Shangri-La Hotels and Resorts Chain & Diversified Businesses)

Top 50 Total Net Worth: USD 62.6 Billion

The Average Age: 67 Years Old

The Oldest Age: 93 Years Old ($1.65 Billion, Chang Yun Chung, Pacific International Lines)

The Youngest Age: 34 Years Old ($340 Million, Chong Chew Yew, Selangor Properties)


2016 Malaysia Top 50 Richest:

RankNameNet Worth USDAgeSourceCompany
1Robert Kuok$10 B92Palm Oil/Shipping/Real EstateShangri-La Hotels and Resorts Chain
2Ananda Krishnan$7.4 B78TelecomMaxis Communications, Astro
3Quek Leng Chan$5.3 B75Banking, Real EstateHong Leong Group Malaysia
4Teh Hong Piow$4.65 B86BankingPublic Bank Berhad
5Lee Shin Cheng$4.6 B77Palm Oil, Real EstateIOI Corporation Berhad
6Lim Kok Thay$4.55 B65CasinosGenting Group
7Yeoh Tiong Lay$2.25 B86Construction, Real EstateYTL Corporation
8Lau Cho Kun$1.55 B81Palm Oil/Real EstateHap Seng
9Syed Mokhtar AlBukhary$1.45 B64Diversified
10Surin Upatkoon$1.15 B67DiversifiedInTouch
11Kuan Kam Hon$1.1 B68Synthetic GlovesHartalega Holdings
12Tiong Hiew King$1 B81Timber/MediaRimbunan Hijau Group
13Danny Tan Chee Sing$975 M61Real EstateTropicana
14G. Gnanalingam$950 M71PortsWestports Malaysia Sdn Bhd
15Lee Oi Hian & Lee Hau Hian$915 MPalm Oil/Chemicals/Real EstateBatu Kawan
16Desmond Lim Siew Choon$905 M55Real EstateNan Hai
17Vincent Tan$900 M64Diversified
18Jeffrey Cheah$865 M71Real EstateSunway Group
19Yaw Teck Seng & Yaw Chee Ming$750 MForestrySamling Strategic Corp
20Goh Peng Ooi$725 M61SoftwareSilverlake Axis
21Tan Heng Chew, Eng Soon & Eng Hwa$685 MMotor VehiclesTan Chong Motor Holdings
22Lim Wee Chai$680 M58Rubber GlovesTop Glove Group
23Chen Lip Keong$620 M69CasinosNagaCorp
24Ahmayuddin bin Ahmad$575 M60PortsWestports Holdings
25Lim Kuang Sia$570 M64Rubber GlovesKossan Rubber Industries
26Lim Kang Hoo$550 M62Real EstateIskandar Waterfront Holdings
27Shahril & Shahriman Shamsuddin$485 MOil & GasSapuraKencana Petroleum
28Mokhzani Mahathir$480 M55Oil & Gas ServicesSapuraKencana Petroleum
29Ngau Boon Keat$475 M68Oil & GasDialog Group
30Ninian Mogan Lourdenadin$470 M62Real Estate/RetailMBf Holdings
31Azman Hashim$465 M77BankingAmBank
32Lim Teck Meng$350 M79ManufacturingScientex
33Chong Chook Yew$340 M93Real EstateSelangor Properties
34Kong Hon Kong$325 M61Funeral ServicesNirvana Asia Group
35Leong Hoy Kum$295 M59Real EstateMah Sing Group
36Ong Leong Huat$280 M72Finance/Real EstateOSK Holdings Berhad
37Loh Kian Chong$275 M40Motor Vehicles/Palm OilOriental Holdings
38Lim Han Weng$265 M64Oil & GasYinson Holdings
39Patrick Grove$260 M41E-Commerce/MediaCatcha Group
40Wong Teek Son$255 M55Health CareRiverstone Holdings
41Kua Sian Kooi$250 M63InsuranceKSK Group
42Ibrahim Syed Azman$245 M56Transport/Motor VehiclesWeststar Motorsport Sdn Bhd and Weststar Group
43Ling Chiong Ho$240 M65Palm Oil/ShipsShin Yang Group
44Teong Teck Lean$235 M56Courier ServicesGD Express Carrier Bhd
45Tony Fernandes$230 M52AirlinesTune Air Sdn. Bhd, Airasia
46Kamarudin Meranun$225 M55AirlinesAirAsia
47Tan Chin Nam$220 M90Real EstateIGB Corporation Berhad
48Goh Siang$205 M65CondomsKarex
49Kong Chong Soon$200 M74Real EstateUnited Overseas Australia
50Lim Nyuk Sang$195 M64Palm OilKretam Holdings


Source: Forbes 2016

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