Vincent Tan among richest in Malaysia
Friday May 23, 2008
KUALA LUMPUR: Berjaya Corp Bhd chairman and chief executive officer Tan Sri Vincent Tan Chee Yioun has joined Malaysia’s billionaires’ club with a net worth of US$1.3bil, up nearly US$1bil from last year, according to the latest ranking by Forbes Asia.
Tan is ranked ninth this year compared with 14th last year.
“Berjaya Corp has bucked the trend, with its stock price up nearly three-fold over the past 12 months,” Forbes Asia said in a statement yesterday.
Tan reigns over a US$4bil combined sales network of enterprises spanning industries from gaming to media, telecommunications, consumer products and retail, to real estate.
Sugar king Tan Sri Robert Kuok topped Malaysia’s rich list again as his net worth increased by US$2.4bil over last year to US$10bil.
Kuok, 84, is involved in many businesses, including Hong Kong property and media, and Singapore's palm oil giant Wilmar.
Maxis Communcations Bhd chief Ananda Krishnan came second with a wealth of US$7.2bil, down by US$200mil.
IOI Corp Bhd group executive chairman Tan Sri Lee Shin Cheng was in third place, with his wealth increasing US$1.6bil to US$5.5bil.
“A net worth of only US$100mil was needed to make the list this year, down from US$127mil, despite the fact that the ringgit has gained 7% against the US dollar,” Forbes Asia said.
The KL Composite Index was off 5% in the past year, but has fallen 15% since mid-January.
Forbes Asia said the collective wealth of the top 40 was US$46bil, up US$3bil from last year.
Puan Sri Lee Kim Hua, widow of gaming tycoon Tan Sri Lim Goh Tong, was one of three women who made the top 40. She and her family are worth US$3.4bil, ranking fifth.
The other two women are Chong Chook Yew, who runs Selangor Properties Bhd, at number 24 with US$245mil, and Datuk Seri Eleena Raja Azlan Shah at 35th place with US$150mil.
KUALA LUMPUR: Berjaya Corp Bhd chairman and chief executive officer Tan Sri Vincent Tan Chee Yioun has joined Malaysia’s billionaires’ club with a net worth of US$1.3bil, up nearly US$1bil from last year, according to the latest ranking by Forbes Asia.
Tan is ranked ninth this year compared with 14th last year.
“Berjaya Corp has bucked the trend, with its stock price up nearly three-fold over the past 12 months,” Forbes Asia said in a statement yesterday.
Tan reigns over a US$4bil combined sales network of enterprises spanning industries from gaming to media, telecommunications, consumer products and retail, to real estate.
Sugar king Tan Sri Robert Kuok topped Malaysia’s rich list again as his net worth increased by US$2.4bil over last year to US$10bil.
Kuok, 84, is involved in many businesses, including Hong Kong property and media, and Singapore's palm oil giant Wilmar.
Maxis Communcations Bhd chief Ananda Krishnan came second with a wealth of US$7.2bil, down by US$200mil.
IOI Corp Bhd group executive chairman Tan Sri Lee Shin Cheng was in third place, with his wealth increasing US$1.6bil to US$5.5bil.
“A net worth of only US$100mil was needed to make the list this year, down from US$127mil, despite the fact that the ringgit has gained 7% against the US dollar,” Forbes Asia said.
The KL Composite Index was off 5% in the past year, but has fallen 15% since mid-January.
Forbes Asia said the collective wealth of the top 40 was US$46bil, up US$3bil from last year.
Puan Sri Lee Kim Hua, widow of gaming tycoon Tan Sri Lim Goh Tong, was one of three women who made the top 40. She and her family are worth US$3.4bil, ranking fifth.
The other two women are Chong Chook Yew, who runs Selangor Properties Bhd, at number 24 with US$245mil, and Datuk Seri Eleena Raja Azlan Shah at 35th place with US$150mil.
posted by Toyers at
10:17 PM
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