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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.

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2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Top 5 Richest in Malaysia:

Rank Name Net Worth USD Company
1 Robert Kuok $10 B Shangri-La Hotels and Resorts Chain
2 Ananda Krishnan $7.4 B Maxis Communications, Astro
3 Quek Leng Chan $5.3 B Hong Leong Group Malaysia
4 Teh Hong Piow $4.65 B Public Bank Berhad
5 Lee Shin Cheng $4.6 B IOI Corporation Berhad

 

Malaysia’s Richest Fast Facts:

Newswire
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:

Rank Name Net Worth USD Age Source Company
1 Robert Kuok $10 B 92 Palm Oil/Shipping/Real Estate Shangri-La Hotels and Resorts Chain
2 Ananda Krishnan $7.4 B 78 Telecom Maxis Communications, Astro
3 Quek Leng Chan $5.3 B 75 Banking, Real Estate Hong Leong Group Malaysia
4 Teh Hong Piow $4.65 B 86 Banking Public Bank Berhad
5 Lee Shin Cheng $4.6 B 77 Palm Oil, Real Estate IOI Corporation Berhad
6 Lim Kok Thay $4.55 B 65 Casinos Genting Group
7 Yeoh Tiong Lay $2.25 B 86 Construction, Real Estate YTL Corporation
8 Lau Cho Kun $1.55 B 81 Palm Oil/Real Estate Hap Seng
9 Syed Mokhtar AlBukhary $1.45 B 64 Diversified
10 Surin Upatkoon $1.15 B 67 Diversified InTouch
11 Kuan Kam Hon $1.1 B 68 Synthetic Gloves Hartalega Holdings
12 Tiong Hiew King $1 B 81 Timber/Media Rimbunan Hijau Group
13 Danny Tan Chee Sing $975 M 61 Real Estate Tropicana
14 G. Gnanalingam $950 M 71 Ports Westports Malaysia Sdn Bhd
15 Lee Oi Hian & Lee Hau Hian $915 M Palm Oil/Chemicals/Real Estate Batu Kawan
16 Desmond Lim Siew Choon $905 M 55 Real Estate Nan Hai
17 Vincent Tan $900 M 64 Diversified
18 Jeffrey Cheah $865 M 71 Real Estate Sunway Group
19 Yaw Teck Seng & Yaw Chee Ming $750 M Forestry Samling Strategic Corp
20 Goh Peng Ooi $725 M 61 Software Silverlake Axis
21 Tan Heng Chew, Eng Soon & Eng Hwa $685 M Motor Vehicles Tan Chong Motor Holdings
22 Lim Wee Chai $680 M 58 Rubber Gloves Top Glove Group
23 Chen Lip Keong $620 M 69 Casinos NagaCorp
24 Ahmayuddin bin Ahmad $575 M 60 Ports Westports Holdings
25 Lim Kuang Sia $570 M 64 Rubber Gloves Kossan Rubber Industries
26 Lim Kang Hoo $550 M 62 Real Estate Iskandar Waterfront Holdings
27 Shahril & Shahriman Shamsuddin $485 M Oil & Gas SapuraKencana Petroleum
28 Mokhzani Mahathir $480 M 55 Oil & Gas Services SapuraKencana Petroleum
29 Ngau Boon Keat $475 M 68 Oil & Gas Dialog Group
30 Ninian Mogan Lourdenadin $470 M 62 Real Estate/Retail MBf Holdings
31 Azman Hashim $465 M 77 Banking AmBank
32 Lim Teck Meng $350 M 79 Manufacturing Scientex
33 Chong Chook Yew $340 M 93 Real Estate Selangor Properties
34 Kong Hon Kong $325 M 61 Funeral Services Nirvana Asia Group
35 Leong Hoy Kum $295 M 59 Real Estate Mah Sing Group
36 Ong Leong Huat $280 M 72 Finance/Real Estate OSK Holdings Berhad
37 Loh Kian Chong $275 M 40 Motor Vehicles/Palm Oil Oriental Holdings
38 Lim Han Weng $265 M 64 Oil & Gas Yinson Holdings
39 Patrick Grove $260 M 41 E-Commerce/Media Catcha Group
40 Wong Teek Son $255 M 55 Health Care Riverstone Holdings
41 Kua Sian Kooi $250 M 63 Insurance KSK Group
42 Ibrahim Syed Azman $245 M 56 Transport/Motor Vehicles Weststar Motorsport Sdn Bhd and Weststar Group
43 Ling Chiong Ho $240 M 65 Palm Oil/Ships Shin Yang Group
44 Teong Teck Lean $235 M 56 Courier Services GD Express Carrier Bhd
45 Tony Fernandes $230 M 52 Airlines Tune Air Sdn. Bhd, Airasia
46 Kamarudin Meranun $225 M 55 Airlines AirAsia
47 Tan Chin Nam $220 M 90 Real Estate IGB Corporation Berhad
48 Goh Siang $205 M 65 Condoms Karex
49 Kong Chong Soon $200 M 74 Real Estate United Overseas Australia
50 Lim Nyuk Sang $195 M 64 Palm Oil Kretam Holdings

 

Source: Forbes 2016

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