Forbes champions success by celebrating those who have made it, and those who aspire to make it. We will gather 30 of the craziest & supidest laws around the world. Kuok was so successful in his sugar business in the early years that he once controlled 10 percent of the worlds sugar trade, earning the nickname the Sugar King of Asia. Today, much of his wealth is because of his stake in Wilmar International the worlds largest listed palm oil refiner, which was founded by Kuoks nephew, Kuok Khoon Hong. Koon Poh Keong and his siblings, who control aluminum giant Press Metal, remained in third position with $6.2 billion, nearly flat from a year ago. He purchased the team for $800 million in 1999 and, if . Have you had any clue that laws globally range from the weird and wonderful to the downright peculiar? Group was listed on the Malaysian stock exchange in October 2020, both brothers became billionaires. 10 with $2.7 billion. Tan Sri Teh Hong Piow founded Public Bank back in 1965 at the age of 35. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of roughly US$12.2 billion, Robert Kuok is the wealthiest person in Malaysia for 2021, followed by Quek Leng Chan with $9.6 billion coming in second and Koon Poh Keong with $6.4 billion at third place. Here are the top 10 Malaysians on the list, with another two further down the list 99-year-old Robert Kuok remains to be the richest Malaysian at number 146 on the World's Billionaire List. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. Knowinsiders.com's latest ranking: Top best hospitals, largest hospitals in countries around the world for citizens and visitors in the US, UK, Canada, Australia, New Zealand, India, etc. Lau is the largest shareholder in HSCB, which has diversified interests in six core businesses automotive, building materials, credit financing, trading, plantation, and property investment and development. 9 with US$3.4 billion) and Tan Sri Lim Kok Thay (at No. Check out the list of top 20 most fun places to live in the US. Check out the full list of Malaysian billionaires 2023. Manas enjoys reading detective fiction and writing about anything that interests him. The list was compiled using information from analysts, government agencies, the individuals, private databases, stock exchanges and other sources. Stay updated with Vulcan Post weekly curated news and updates. Yet, a total of 19 business tycoons in Malaysia were still listed as billionaires, with Robert Kuok taking the top spot. At the age of 97, the billionaire has a variety of business activities which he has been involved with such as palm oil and shipping. The figures are updated at the close of every trading day in New York. The company has businesses in hotels, real estate and commodities. You are a party lover and finding a fun place to live in the US, aren't you? Though the 2023 list is yet to be released, a look at the real-time net worth of the top Malaysian billionaires reveals that, even though some may have lost a few million in between, their billionaire status remains unchanged. He slipped two spots from no. Then you can access your favorite statistics via the star in the header. O. vercoming pandemic pains and the impact of flash floods in December, Malaysia's economy grew 5% in . 22 with US$965 million), a co-founder of Greatech Technology Bhd, a maker of factory automation equipment; Datuk Ng Chai Eng (at No. ChongQing DeZhuang Hotpot Is Finally Here For Us To Enjoy, Hyper Scape; A New Dystopian Game With A Female Malaysian Character, 8 Stunning Aquariums To Visit Around The World, 8 Commonly Overlooked Health Issues Today, 7 Best Wireless Keyboards For Clean, Clutter-Free Desk Space, 7 Places To Enjoy Curry Mee Goodness in Penang, Here Are 8 Places That Serve The Best Kaya Toasts in Singapore, Savour Good Japanese Foods At These 8 Restaurants in Penang. . It said the reversal of fortune can partly be attributed to the countrys dominant position as a medical glove maker to the world. MAS, EDB data back UOB alert of a mid-2023 technical recession in Spore are jobs at risk? Yeung Kin-Man. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion). Today, Mr D.I.Y. Ananda Krishnan is a Malaysian Tamil businessman and a prominent Asian billionaire who ranked #4 on the list of Forbes richest people in the country in 2022. Net worth: $11.5 billion. A Bachelor of Engineering from the University of Oklahoma, Koon today serves as the groups CEO. With a new worth of US$1.2 billion, 78-year-old Jeffrey Cheah is number 2,259 on the list. ROBERT Kuok is once again Malaysia's richest man with a net worth of RM43.59bil, despite a fall in his wealth by RM6.32bil from the previous year. Chen Lip Keong possesses a casino license that is valid until 2065 and is located in Phnom Penh, the capital city of Cambodia. DPE was his next big venture and today, he is group CEO of Mi Technovation, operating in Malaysia, Suzhou, Taiwan and the US. Ananda Krishnan, 85, is the third Malaysian on this list at number 511, who has stakes in Maxis, Astro Malaysia Holdings, and Bumi Armada. When Mr D.I.Y. The business tycoon founded the internationally renowned Shangri-La Hotels and Resorts chain in Singapore in 1971. In 2021, the Malaysian government outlined its plan to become a developed country by 2025. In 2022, Forbes reported they had a net worth of US$1.6 billion. Robert Kuok is the richest man in Malaysia with $11 billion. Dan Snyder, the current owner of the team, is one of the world's richest people in sports. Yeow Seng, on the other hand, was the CEO of IOI Properties until 2020. Currently, you are using a shared account. The combined wealth of tycoons on the 2022 Forbes list of Malaysias 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. Kuok controls businesses across Malaysia, Singapore and Hong Kong including Wilmar International, the world's largest palm oil refiner. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. In a statement today, Forbes Asia said Malaysias pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the country is now grappling with a surge in Covid-19 cases. Founded in 2007, Farm Fresh got its start after Loi decided to quit his job as a senior employee in a packaging firm. In 1978, Kuan started his own company, Timol Weaving, which made woven labels and badges. 1) Robert Kuok Hock Nien. He had started and chaired Public Bank. Stars, 16 Agency Leaders Explore The SEO Trends Impacting Their Work In 2023, 15 Smart Ways To Address High Employee Turnover, How Vietnam's Entertainment Industry Can Increase Its Global Reach, 6 Best Practices For CEOs And Professional Leaders Using LinkedIn. (All figures in real-time unless otherwise mentioned. Robert Kuok is also the oldest member of the list, at the prime age of 97. Business mogul and chairman of Usaha Tegas Ananda Krishnan comes in fourth with a net worth of US$5.8 billion, followed by Teh Hong Piow, founder and Chairman of Public Bank Berhad at US$5.5 billion, Top 21 billionaires in Malaysia in 2021, by net worth. The daily horoscope for 2 May, 2023 (Tuesday): Best Astrological Prediction for 12 Zodiac Signs in Love, Money, Job, Health and Lucky Numbers etc. 2 with $9.6 billion. Also read - Top 46 billionaires in South Korea . Lim Kok Thay, 71, is number 1,312 with a net worth of US$2.3 billion. Vulcan Post aims to be the knowledge hub of Singapore and Malaysia. It has expanded into the businesses of food, property and finance. Quek Leng Chan is a family man; he is married and has three kids. Forbes' 36th annual ranking of the worlds richest in 2022 saw a total of 2,668 billionaires on the list compared to the 2,755 featured last year. 43. This is their debut on this list. Krishnans Indian telecom firm, Aircel, in which he had invested an estimated $7 billion, filed for bankruptcy protection in 2018. Other than NagaCorp, Chen also has a 73.41 percent controlling stake in Malaysia-listed property developer and hospitality company Karambunai Corporation Bhds (KCB), which runs an eponymous resort in Sabah. Kie Chie Wong, 75, has the bulk of his wealth coming from a minority stake in Fortescue Metals Group. Syed Mokhtar AlBukhary. 14, $1.4 billion), who controls Kossan Rubber Industries with his siblings, and Stanley Thai (No. Subscribe to Editor's Picks & Mid-day email alert, Teh Hong Piow slips on global billionaire index despite adding to wealth, SpaceX could propel Elon Musk as worlds first trillionaire, says Morgan Stanley, EVENING 5: BNM seen maintaining OPR at 2.75% for rest of 2023, NEWS: LTH talks asset allocation strategy, EVENING 5: Genting Malaysia expects RM4.29b from Miami deal, TALKING EDGE: PIDM on protecting depositors in good and bad times, NEWS: Radium to remain focused on KL City, EVENING 5: Petrosaudi pair charged over 1MDB fraud, NEWS: Capital A gets US$100m investment to grow MRO business. His nephew Kuok Khoon Hong runs Wilmar International, in which Kuok has a valuable stake. How these Malaysians rank in Forbes' Malaysia's Richest 50 in 2020 Hes the co-founder of Westports Holdings, a multicargo port operator. JUNE 08, 2022, 06:00 PM. These evening routines will help you open up a bright future in your career and life. Photo Wagar Biz. The complete list can be found here, as well as in the latest issue of Forbes Asia, available on newsstands now. Catherine Ong, cell: +65 9697 0007,Email: cath@catherineong.com, Franz Navarrete, cell: +65 9653 6424,Email: franz@catherineong.com, This is a BETA experience. Hap Seng Consolidated has been operating Mercedes-Benz dealerships in Malaysia since 1969. Teh still has substantial stakes in the bank as well as in the listed insurance business, LPI Capital, where he is the non-executive chairman. Real estate development masterpieces: Bandar Malaysia, EkoCheras Mall. What is the smallest state in the US? What are the most absurd laws in the world? He owned the South China Morning Post(SCMP) for close to 23 years before selling it to Jack Mas Alibaba Group for USD 266 million in 2016. By comparison, this figure was 49.4 percent in neighboring Singapore . All rights reserved. He passed away in December 2022. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. Quek Leng Chan co-founded the Hong Leong Company in Malaysia in 1963 as a building materials trading company. Kuan Kam Hon, the executive chairman of Hartalega Holdings, had been number 1,513 on the list last year, but did not make an appearance this year. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. 11 with US$2.55 billion). Lee Yeo Chor and Yeo Seng - $4.8 billion, Top 10 Richest Families in the World Today, Top 9 Billionaires Have The Most Kids In The US, The Full List of American Billionaires 2023 - Who Are Richest People in the US. Despite stepping down as chairman and CEO of Genting Hong Kong in February 2022, Lim recently announced plans to invest S$400 million (RM1.2 billion) to revamp the group's casino resort and theme park in Singapore. EDITED BY NAAZNEEN KARMALI. Please do not hesitate to contact me. Fun fact: Koon Poh Keong is actually the youngest among them all, but hes the group CEO!Image Credit: thestar.com.myif(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'tallypress_com-leader-4','ezslot_11',701,'0','0'])};__ez_fad_position('div-gpt-ad-tallypress_com-leader-4-0'); Kuan Kam Hon leads Hartalega Holdings, the worlds largest and fastest maker of nitrile gloves, which it exports to 40 countries. Hes the executive chairman of Sunway. He actually trained as a medical doctor, before turning to property development and gaming.Image Credit: legacytimesmedia.com, Teh Hong Piow launched Public Bank in 1966, and chaired it for several decades till he retired as non-executive chairman on 1st January 2019. Despite what appears to be a drop of around USD 300 million in his fortune, he would still find a place among the top 10 billionaires from Malaysia. In March 2022, the dairy producer became listed on Bursa Malaysias Main Market, which raised US$238 million. In February 2022, Chan also became the third Malaysian alongside Tan Sri Robert Kuok and Public Bank Group's Tan Sri Teh Hong Piow to be featured in the Bloomberg Billionaires Index top 500 list. Lim Kok Thay is the chairman of Genting, a casino and resorts conglomerate with a global footprint. If you are an admin, please authenticate by logging in again. His holding in HSCB is through Gek Poh Holdings and investment arm Lei Shing Hong. The co-founder and group CEO of Catcha Group is one of the regions savviest internet entrepreneurs. 2022. Forbes magazine annually ranks the world's wealthiest female billionaires. He officially retired from Public Bank as nonexecutive chairman in 2019 and is now chairman emeritus. The diversified firm's interests include financial services, plantations and property. Despite the Covid-19 pandemic, Singapore had three new additions and 32 Singaporeans in total on the Forbes' 35th Annual World's Billionaires List 4, $5.7 billion) and Ananda Krishnan (No. 1. Robert Kuok-$11 billion. Among the hardest hit were casino moguls Chen Lip Keong (No. He owns Kuok Group, which dabbles in hotels, real estate and commodities.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'tallypress_com-banner-1','ezslot_1',109,'0','0'])};__ez_fad_position('div-gpt-ad-tallypress_com-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'tallypress_com-banner-1','ezslot_2',109,'0','1'])};__ez_fad_position('div-gpt-ad-tallypress_com-banner-1-0_1');.banner-1-multi-109{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}Image Credit: freemalaysiatoday.com. Grove is also a member of Gen.T Tatler Tribe this year. In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers, it said. Since taking over, he has expanded Genting Groups presence globally, with Resorts World Las Vegas and Resorts World Miami coming up next.Image Credit: thestar.com.myif(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'tallypress_com-large-mobile-banner-1','ezslot_5',700,'0','0'])};__ez_fad_position('div-gpt-ad-tallypress_com-large-mobile-banner-1-0'); Five out of seven of the Koon brothers started Press Metal, an aluminium company back in the mid 80s. Products made by Hartalega Holdings are exported to over 40 countries across continents. In addition to being the first business of its kind to be listed on the stock exchange in Hong Kong, NagaCorp is also the first casino to conduct the majority of its operations in Cambodia. Each state must deal with its own legal system and courts. All year round, Forbes reporters from different countries track the activities of the worlds wealthiest individuals. His net worth is US$1.7 billion. January 23, 2022. As for the luxury rides he may have in his possession, it is widely believed that Kuok is the owner of History Supreme the worlds most expensive yacht. These 5 factors will ensure your venue can cover your bases. Hes the executive chairman of privately held Hong Leong Co. (Malaysia). More: 6 Malaysian Financiers Predict The New Industries Impacting The Future. They founded the retail chain Mr D.I.Y. Teh Hong Piow slips on global billionaire index despite adding to wealth Privately held Hong Kong-based Lei Shing Hong runs Mercedes-Benz dealerships in Asia and Europe. His net worth went down $300 million from last year. Age: 98 years old. His net worth is an estimated US$2.1 billion (RM8.8 billion). Quek Leng Chan, chairman of Hong Leong Company (Malaysia), was the biggest gainer in dollar terms and consolidated his position as Malaysias second richest person with $10.1 billion. Chart. Lee Yeow Chor and Yeow Seng are heirs to the late Lee Shin Cheng, who passed away in June last year. 56-year-old Lee Yeow Chor is not technically fresh face on this list, but its the first time hes listed as an individual. Ranked at #47 on Forbes' list is Chu Jenn Weng, co-founder and CEO of ViTrox, Malaysias leading provider of automated vision inspection equipment for the semiconductor and electronic packaging industries. Statista. Excesses of the ultra-rich Copyright 1999-2023 The Edge Communications Sdn. Real estate development masterpieces: Shangri-La Hotels and Resorts, Cheras LeisureMall, The LINC KL. Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. But the country is now grappling with a surge of Covid-19 cases. One of its main businesses is Hong Leong Bank, which is Malaysias fourth-largest banking group by market capital and fifth-largest by assets. 7 withUS$3.8 billion) of Hartalega Holdings Bhd and Tan Sri Dr Lim Wee Chai (at No. [4] The ranking was designed to provide a more transparent and accountable presentation of the world's biggest personal fortunes. At number 1,905 is G. Gnanalingam with a net worth of US$1.5 billion. The richest Malaysian today is none other than Mr Robert Kuok who despite having a small dip in his fortune in 2016 is still at the peak with wealth amounting to $12.1 billion. The nephew of Hap Seng Group founder, the late Tan Sri Lau Gek Poh, Tan Sri Lau Cho Kun is the largest shareholder in Hap Seng Consolidated. The company is now run by his youngest son, Kuok Khoon Hua. to incorporate the statistic into your presentation at any time. Planning an event in KL? Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. In 2021, he donated around USD 5 million to Singapores Rare Disease Fund, which supports patients in the city-state suffering from rare diseases. Malaysia's richest man Robert Kuok slipped to rank 109 from 105 on Nov 28, while his total net worth dipped to US$17.9 billion (about RM75.64 billion) from US$18.3 billion. He completed his MBBS from Universiti Malaya and subsequently worked as a practitioner at the Kuala Lumpur General Hospital before entering the world of business. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding $3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. This brought Loi Tuan Ees fortune, shared with his two siblings, to US$380 million (RM1.67 billion), making them the only newcomer to the Forbes list in 2022. The younger Tan has been overseeing procurement and logistics for Mr D.I.Y. Do you ever feel as if there is never enough money? Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. Tan Yu Yeh earned a degree in physics from Universiti Malaya and worked as an engineer. Interestingly, hes still listed with a net worth of US$1.1 billion at the time of writing. He is a qualified medical doctor. At the time, his estimated net worth was USD 5 billion. It's not just you. Ananda Krishnan is a Harvard Business School grad and former oil trader. They were the richest newcomers at No. CEOWORLD magazine - Latest - Stats Gate - Ranked: Wealthiest People in Malaysia for 2021 Richest Malaysian Billionaires. His cousin, the billionaire Kwek Leng Beng, is the chairperson of the Hong Leong Group in Singapore. He had since retired and is now non-executive chairman of the bank. In 1986, Koon Poh Keong and his four brothers established what would later become Press Metal Aluminium Holdings. Robert Kuok continued to top the list. He is number 1,647 on the list with a net worth of US$1.8 billion. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest . 2023 Tatler Asia Limited. He is also known in India for his USD 7-billion investment in telecom company Aircel. Tan Yu Yeh and Yu Wei are brothers. 10 Essential Travel Items You Must Bring for a Cuti-Cuti Malaysia You Can Now Tint Your Windows As Dark As You Want 8 Unique Chinese New Year Gifts Perfect for Personal Gifting this 5 Creative Ways to Make Learning More Engaging that Youd Never Top 10 Nasi Kandar Places In Klang Valley. The founder and ex-Chairman of Public Bank Berhad, Tan Sri Dato' Sri Teh Hong Piow is #5 in Forbes' Malaysia's 50 Richest 2020 and #233 in Forbes' Billionaires 2019. How much do Malaysian billionaires own? malaysian-richest-1. Francis Yeoh, number 17 on Malaysias 50 Richest 2022 list is also absent on the Worlds Billionaire List. He founded Kerry Properties as his companys office in Hong Kong. Laus son-in-law is Yaw Chee Ming, the CEO of Samling Strategic and himself one of the richest persons in Malaysia. Besides the IOI Group, the brothers also inherited a palm oil and property empire. The other four new entrants are all based in Penang, a busy tech hub, which benefited from US-China trade tensions as global companies sought to diversify supply chains. Kuok moved to Hong Kong in 1973, where he has remained ever since. The media shy billionaire also owns Kerry Properties, which recently won a land rights bid for properties in a top Shanghai district for US$2.1 billion in January 2022. They are Tan Eng Kee (No. Dr. Chen (pictured, centre) is unlike other billionaire businessmen in Malaysia. He owns the Kuok Group. [7] At first, the index only tracked the 20 . Malaysians in Forbes 2023 billionaires list: The newbies, returnees, and absentees, Circles.Life unveils new loyalty programme collect points and draw rewards via virtual Gatcha, A look at Tony Fernandes 21 yrs of entrepreneurship as he plans to step down as AirAsia CEO, Minecraft Legends is a blast, but this one thing may not make it worth its RM159 price. Widely respected as one of the biggest self-made Malaysian billionaires, Kuan Kam Hon is a high school dropout who took his first steps in the world of business with his fathers real estate company in 1969. Quek Leng Chana got some of his money from his father, who formed a banking business in the 1920s with his two brothers. The Bloomberg Billionaires Index is a daily ranking of the worlds 500 richest people. It has a guaranteed monopoly within a 200-km radius of Phnom Penh till 2045, effectively meaning that it will be the only casino company in the Cambodian capital until the period expires. Mamee Double-Decker Scion Vuitton Pang Strikes Out on His Own, 6 Malaysian Financiers Predict The New Industries Impacting The Future, Meet Nikhil Kamath, India'sYoungestBillionaire, Malaysian Billionaires in Forbes 2022 richest. $6.23B +$213M 11, $2.55 billion). This former Hewlett-Packard automation engineer started his own industrial automation company in 1999, designing and manufacturing automated machines for semiconductor, electronics and electrical industries. READ MORE: Top 10 Richest Families in the World Today. Forbes Medias brand extensions include real estate, education and financial services license agreements. With a net worth of roughly $11.9 billion, Robert Kuok remains the richest person in Malaysia. According to a report by The Edge Markets, Krishnan still holds a 34.8 per cent stake in oilfield services provider Bumi Armada and a 62.32 per cent stake in telecoms company Maxis. Top 40 Richest Malaysians: Part 1 Business . Train in ChatGPT as 9 in 10 employers seek AI skills, according to US survey, Grandchild of a billionaire, but this Sporean paves own path to build urban wellness hub, Msian AI startup gets US$250K funding from Silicon Valley for its ChatGPT-like software. Let's find out who is the richest person in India. Its stores sell products primarily in 10 categories, including toys, stationery, car accessories, electrical items, and computer and mobile accessories. Despite his wealth shrinking by more than $1 billion in the past year, he still manages to retain the top spot. This is a list of richest monarchs and family members, as estimated by the CEOWORLD magazine in 2019 and Business Insider in 2018, by their personal net worth, excluding properties held by the state, government or Crown, in U.S. dollars. In the list of 2022 Forbes list of Malaysias 50 richest, there are 19 billionaires. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. How many billionaires are in the US in 2022? There are five newcomers on this years list. Chinese billionaire Larry Xiangdong Chen loses $14 billion since January, Worlds Best Hospitality & Hotel Management Schools, 2023, Best Universities For Doctor of Business Administration (DBA), 2022, Top 46 billionaires in South Korea in 2021, How To Fight Off Recession Through Effective Stock Investment, Wealthiest People in Austria (May 1, 2023), The Worlds Wealthiest People (May 1, 2023), The Worlds Wealthiest Women Billionaires (May 1, 2023), Wealthiest People in Argentina (May 1, 2023), Inclusion and Diversity at CEOWORLD magazine, Robert Kuok (US$12.2 billion; palm oil, shipping, property), Quek Leng Chan (US$9.6 billion; banking, property), Koon Poh Keong & siblings (US$6.4 billion; aluminum), Ananda Krishnan (US$5.8 billion; telecoms, media, oil-services), Lee Yeow Chor & Yeow Seng (US$4.9 billion; palm oil, property), Kuan Kam Hon (US$3.8 billion; rubber gloves), Lim Wee Chai (US$3.5 billion; rubber gloves), Chen Lip Keong (US$3.4 billion; casinos, property, energy), Tan Yu Yeh & Yu Wei (US$2.7 billion; retailing), Lau Cho Kun (US$2.2 billion; palm oil, property), Lim Kuang Sia & siblings (US$1.4 billion; rubber gloves), Jeffrey Cheah (US$1.35 billion; property), Tiong Hiew King (US$1.3 billion; timber, media), Francis Yeoh & siblings (US$1.25 billion; construction, power, real estate), Syed Mokhtar AlBukhary (US$1.2 billion; engineering, automotive), Lee Oi Hian & Hau Hian (US$1.15 billion; palm oil, chemicals, property), Stanley Thai and Cheryl Tan (US$1.1 billion; rubber gloves), Surin Upatkoon (US$1 billion; telecom, lotteries, insurance). His net worth is US$2.8 billion. Top 10 richest people in Malaysia 1. How many billionaires are there in the UK? Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. Among them were brothers Tan Yu Yeh and Yu Wei of MR DIYGroup (M) Bhd, a listed home improvement chain.