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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:

Rank Name Net Worth (USD) Age Source Company
1 Robert Kuok $14.8 B 94 palm oil, shipping, property Kuok Group
2 Quek Leng Chan $7.2 B 76 banking, property Hong Leong Group Malaysia
3 Ananda Krishnan $7.1 B 80 telecoms, media, oil-services Maxis, Astro Malaysia Holdings
4 Teh Hong Piow $6 B 88 banking Public Bank Berhad
5 Lee Shin Cheng $5.6 B 79 palm oil, property IOI 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:

Rank Name Net worth (USD) Age Source Company
1 Robert Kuok $14.8 B 94 palm oil, shipping, property Kuok Group
2 Quek Leng Chan $7.2 B 76 banking, property Hong Leong Group Malaysia
3 Ananda Krishnan $7.1 B 80 telecoms, media, oil-services Maxis, Astro Malaysia Holdings, Bumi Armada
4 Teh Hong Piow $6 B 88 banking Public Bank Berhad
5 Lee Shin Cheng $5.6 B 79 palm oil, property IOI Group
6 Lim Kok Thay $4.7 B 66 casinos Genting Group
7 Chen Lip Keong $3.3 B 70 casinos, property, energy NagaWorld
8 Koon Poh Keong & Poh Ming $3 B aluminum Press Metal
9 Lau Cho Kun $2.6 B 82 palm oil, property Hap Seng Consolidate
10 Kuan Kam Hon $2.5 B 70 synthetic gloves Hartalega Holdings
11 Francis Yeoh & siblings $2.4 B 63 construction, power, real estate YTL Corp.
12 Syed Mokhtar AlBukhary $1.9 B 66 engineering, energy, construction Albukhary Foundation
13 Jeffrey Cheah $1.3 B 73 property Sunway Group
14 Lim Wee Chai $1.2 B 60 rubber gloves Top Glove Group
15 Lim Peng Cheong & Lim Peng Jin $1.19 B Manufacturing Scientex
16 Tiong Hiew King $1.1 B 83 timber, media Rimbunan Hijau Group
17 Lee Oi Hian & Lee Hau Hian $1.05 B palm oil/chemicals/property Batu Kawan
18 Surin Upatkoon $1 B 69 telecom, lotteries, insurance InTouch, Magnum Corp., MWE, MPHB Capital
19 Danny Tan Chee Sing $990 M 63 property Tropicana Corp.
20 Yaw Teck Seng & Yaw Chee Ming $980 M forestry, palm oil, property Samling Strategic Corp.
21 G. Gnanalingam $950 M 73 ports Westports Malaysia Sdn Bhd
22 David Kong $920 M 63 funeral services Best Western
23 Desmond Lim Siew Choon $910 M 58 property Khuan Choo Group
24 Goh Peng Ooi $900 M 63 software Silverlake Axis
25 Vincent Tan $820 M 66 retail, gaming, property Berjaya Corporation Berhad
26 Ngau Boon Keat $810 M 70 oil & gas Dialog Group
27 Lim Kang Hoo $800 M 62 property Waterfront Holdings, Ekovest Berhad
28 Ninian Mogan Lourdenadin $770 M 64 property, retail, financial services MBf Holdings
29 Wong Thean Soon $755 M 47 electronic services My E.G. Services
30 Tony Fernandes $745 M 54 airlines Tune Air Sdn. Bhd.
31 Kamarudin Meranun $735 M 57 airlines Air Asia, Tune Group
32 Ibrahim Syed Azman $700 M 58 transport/motor vehicles West Star Aviation
33 Ahmayuddin bin Ahmad $580 M 61 ports Westports Holdings
34 Azman Hashim $520 M 78 banking AmBank Group
35 Kong Chong Soon $510 M 77 property United Overseas Australia
36 Leong Kok Wah $480 M 64 real estate Eco World Development Group
37 Patrick Grove $440 M 43 e-commerce/media Iflix, Catcha Group
38 Cheah Cheng Hye $435 M 64 investments Value Partners
39 Yong Pang Chaun $430 M 67 retail Padini Holdings Bhd.
40 Teong Teck Lean $425 M 57 delivery services GD Express
41 Lim Han Weng $420 M 66 oil & gas Yinson Holdings
42 Freddy Lim Nyuk Sang $380 M 65 palm oil Kretam Holdings
43 Mokhzani Mahathir $370 M 57 oil & gas Kencana Petroleum
44 Ong Leong Huat $365 M 74 property, construction, financial services OSK Holdings
45 Tan Chin Nam $355 M 92 property IGB Corporation Berhad
46 Wong Teek Son $320 M 56 glove manufacturing Riverstone Holdings
47 Leong Hoy Kum $315 M 60 property Mah Sing Group
48 Mohd Abdul Karim Abdullah $310 M 53 oil & gas Serba Dinamik
49 Norraesah Mohamad $305 M 70 investment Asia Internet Holding
50 Anthony Tan $300 M 36 on-demand transportation Grab

 

*Data released 7th March 2018

Source: Caproasia Institute, Forbes

 

2017 Rich List – South-east Asia

2017 Rich List – North Asia

2017 Rich List – Global





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Caproasia.com is the leading source of information, data, research and resource for financial professionals in Asia who manage assets and advise clients. Collectively, they manage more than $20 Trillion assets in Asia in Private Banking, Wealth Management, Multi-Family Office, Family Office, Fund Management, Asset Management, Insurance, Private Equity and Hedge Funds.