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2017 Malaysia Top 50 Richest

The top 50 richest people in Malaysia in 2017 have a combined estimated net worth of more than $86.99 Billion, in the Forbes report released in 2018.

Robert Kuok, who owns Kuok Group and Shangri-La Hotels, tops the list with an estimated net-worth of $14.8 Billion. Quek Leng Chan, co-founder of Hong Leong Group, is 2nd on the list with $7.2 Billion. Ananda Krishnan, Chairman & CEO of Usaha Tegas Group (Malaysian investment holding company) is 3rd on the list with $7.1 Billion.

Teh Hong Piow, Public Bank Berhad and Lee Shin Cheng, IOI Corporation Berhad rounded up the top 5 richest people in Malaysia with $6 Billion and $5.6 Billion respectively.

 

Top 5 Richest in Malaysia:

RankNameNet Worth (USD)AgeSourceCompany
1Robert Kuok$14.8 B94palm oil, shipping, propertyKuok Group
2Quek Leng Chan$7.2 B76banking, propertyHong Leong Group Malaysia
3Ananda Krishnan$7.1 B80telecoms, media, oil-servicesMaxis, Astro Malaysia Holdings
4Teh Hong Piow$6 B88bankingPublic Bank Berhad
5Lee Shin Cheng$5.6 B79palm oil, propertyIOI Group

 

Malaysia’s Richest Fast Facts:

Newswire
Rising Asia

The Richest: Robert Kuok with $14.8 Billion (Kuok Group and Shangri-La Hotels)

Top 50 Total Net Worth: $86.99 Billion (2016: $62.6 Billion)

The Average Age: 66.5 Years Old (2016: 67 Years Old)

The Oldest Age: 94 Years Old ($14.8 Billion, Robert Kuok, Shangri-La Hotels)

The Youngest Age: 36 Years Old ($300 Million, Anthony Tan, Grab Taxi Holdings – Singapore-based technology company)

 

2017 Malaysia Top 50 Richest:

RankNameNet worth (USD)AgeSourceCompany
1Robert Kuok$14.8 B94palm oil, shipping, propertyKuok Group
2Quek Leng Chan$7.2 B76banking, propertyHong Leong Group Malaysia
3Ananda Krishnan$7.1 B80telecoms, media, oil-servicesMaxis, Astro Malaysia Holdings, Bumi Armada
4Teh Hong Piow$6 B88bankingPublic Bank Berhad
5Lee Shin Cheng$5.6 B79palm oil, propertyIOI Group
6Lim Kok Thay$4.7 B66casinosGenting Group
7Chen Lip Keong$3.3 B70casinos, property, energyNagaWorld
8Koon Poh Keong & Poh Ming$3 BaluminumPress Metal
9Lau Cho Kun$2.6 B82palm oil, propertyHap Seng Consolidate
10Kuan Kam Hon$2.5 B70synthetic glovesHartalega Holdings
11Francis Yeoh & siblings$2.4 B63construction, power, real estateYTL Corp.
12Syed Mokhtar AlBukhary$1.9 B66engineering, energy, constructionAlbukhary Foundation
13Jeffrey Cheah$1.3 B73propertySunway Group
14Lim Wee Chai$1.2 B60rubber glovesTop Glove Group
15Lim Peng Cheong & Lim Peng Jin$1.19 BManufacturingScientex
16Tiong Hiew King$1.1 B83timber, mediaRimbunan Hijau Group
17Lee Oi Hian & Lee Hau Hian$1.05 Bpalm oil/chemicals/propertyBatu Kawan
18Surin Upatkoon$1 B69telecom, lotteries, insuranceInTouch, Magnum Corp., MWE, MPHB Capital
19Danny Tan Chee Sing$990 M63propertyTropicana Corp.
20Yaw Teck Seng & Yaw Chee Ming$980 Mforestry, palm oil, propertySamling Strategic Corp.
21G. Gnanalingam$950 M73portsWestports Malaysia Sdn Bhd
22David Kong$920 M63funeral servicesBest Western
23Desmond Lim Siew Choon$910 M58propertyKhuan Choo Group
24Goh Peng Ooi$900 M63softwareSilverlake Axis
25Vincent Tan$820 M66retail, gaming, propertyBerjaya Corporation Berhad
26Ngau Boon Keat$810 M70oil & gasDialog Group
27Lim Kang Hoo$800 M62propertyWaterfront Holdings, Ekovest Berhad
28Ninian Mogan Lourdenadin$770 M64property, retail, financial servicesMBf Holdings
29Wong Thean Soon$755 M47electronic servicesMy E.G. Services
30Tony Fernandes$745 M54airlinesTune Air Sdn. Bhd.
31Kamarudin Meranun$735 M57airlinesAir Asia, Tune Group
32Ibrahim Syed Azman$700 M58transport/motor vehiclesWest Star Aviation
33Ahmayuddin bin Ahmad$580 M61portsWestports Holdings
34Azman Hashim$520 M78bankingAmBank Group
35Kong Chong Soon$510 M77propertyUnited Overseas Australia
36Leong Kok Wah$480 M64real estateEco World Development Group
37Patrick Grove$440 M43e-commerce/mediaIflix, Catcha Group
38Cheah Cheng Hye$435 M64investmentsValue Partners
39Yong Pang Chaun$430 M67retailPadini Holdings Bhd.
40Teong Teck Lean$425 M57delivery servicesGD Express
41Lim Han Weng$420 M66oil & gasYinson Holdings
42Freddy Lim Nyuk Sang$380 M65palm oilKretam Holdings
43Mokhzani Mahathir$370 M57oil & gasKencana Petroleum
44Ong Leong Huat$365 M74property, construction, financial servicesOSK Holdings
45Tan Chin Nam$355 M92propertyIGB Corporation Berhad
46Wong Teek Son$320 M56glove manufacturingRiverstone Holdings
47Leong Hoy Kum$315 M60propertyMah Sing Group
48Mohd Abdul Karim Abdullah$310 M53oil & gasSerba Dinamik
49Norraesah Mohamad$305 M70investmentAsia Internet Holding
50Anthony Tan$300 M36on-demand transportationGrab

 

*Data released 7th March 2018

Source: Caproasia Institute, Forbes

 

2017 Rich List – Southeast Asia

2017 Rich List – North Asia

2017 Rich List – Global

 

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