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FORBES ASIA THE LIST Malaysia’s 40 Richest BY SUZANNE NAM WITH CAROLINE CHEN, NOELLE LIM, LAN ANH NGUYEN, BRIAN MERTENS AND MEE-HYOE KOO

alaysia’s economy grew 7.2% last year, the company he, his brothers and his brothers-in-law founded, highest rate since 2000, and it might not have doubled since last year, earning him a spot at No. 24. be much slower. The fortunes of the coun- Many of the country’s richest are reaping the benefits of try’s 40 richest have kept rising, too. They the global rise in commodity prices. Shares in Mokhzani are worth a collective $62.1 billion, $11.1 Mahathir’s oil and gas services company, Kencana Petro- Mbillion more than last year. leum, are up 63% since last year’s list. Brothers Lee Oi Hian Still Nos. 1 and 2 are Robert Kuok and Ananda Krish- and Lee Hau Hian saw their combined fortune jump 60% to nan, worth $12.5 billion and $9.5 billion, respectively. The $900 million, thanks to a boost in the share price of their country’s biggest gainer was Lee Kim Hua, widow of and chemicals company, Batu Kawan. Genting founder . Genting’s shares took off Not everyone is getting richer on higher commodity when the company’s operations on Sentosa Island prices. Lim Wee Chai, who controls the world’s largest rub- opened, pumping up the family’s net worth by $2.7 billion, to ber-glove maker, was one of just four on the list who saw $6.6 billion. Chen Lip Keong (No. 26) was another big gainer their fortunes decline. His Top Glove has been battered by who makes his money off of gambling. His net worth more higher rubber costs. Billionaire Vincent Tan, at No. 9, is also than doubled to $375 million. poorer than he was last year. Chia Song Kun is the only newcomer on the list. Shares in Tiah Thee Kian returns to the list after a one-year hiatus his QL Resources, the seafood, egg production and palm oil as stock in his TA Enterprise recovers from a drop.

1. Robert Kuok Hong Kong real estate and Global. Owns telecom, media tune includes the assets Lim interests in India; Indian billion- $12.5 BILLION/DIVERSIFIED hotel assets were up. Wilmar left to his children after his  is run by nephew Kuok aire Kalanithi Maran is his part- death in 2007. Son Lim Kok 87. MARRIED, 8 CHILDREN Khoon Hong, a Singapore ner in radio and direct-to-home Thay has built a separate for- Made his money in sugar, citizen who’s also a billion- TV. A major philanthropist, he tune and is listed at No. 13. palm oil, shipping and prop- aire thanks to his 10% stake. focuses on developing The group’s shares soared erty. His Kuok Group boasts Malaysia’s talent pool by fund- after it opened $5 billion a huge network of compa- 2. Ananda Krishnan ing scholarships and school Resorts World Sentosa theme nies under 3 main holding $9.5 BILLION/TELECOMS programs. park and casino complex in companies, in Hong Kong,  Singapore last year. Singapore and Malaysia. 72. MARRIED, 3 CHILDREN 3. Lee Kim Hua Controls the South China His Maxis Communications is $6.6 BILLION/GAMBLING 4. Lee Shin Cheng Morning Post, once the Malaysia’s biggest cellphone  $5 BILLION/PALM OIL world’s most profitable daily service provider. Recently took 81. WIDOW, 6 CHILDREN  newspaper. Biggest source of 3 of his companies private: Widow of casino magnate Lim 71. MARRIED, 6 CHILDREN wealth is stake in Wilmar, the satellite broadcaster Astro All Goh Tong, who founded Built IOI Group into one of the world’s largest listed palm oil Asia Networks, power and Genting Group in 1965 and world's biggest palm oil pro- company. But the stock was gambling company Tanjong built it into a hotel and leisure ducers and one of the coun- down last year, while his and satellite operator Measat powerhouse. This family for- try’s biggest property ,  Berjaya Group Berjaya (see Nos. 33 and (see to oversee construction of construction oversee to Syed Mokhtar Syed Malaysia Corp. Malaysia Vincent Tan Vincent UP DOWN NEW RETURNEE UNCHANGED $1.25 BILLION/ $1.25 DIVERSIFIED $2.5 BILLION/DIVERSIFIED $2.5 59. MARRIED, 5 CHILDREN 5 MARRIED, 59. CHILDREN 11 MARRIED, 58. but fortune sank by almost a almost sank by but fortune as year the past over quarter Owns social stumbled. shares Friend- website networking of and bought shares ster.com his Internet through Facebook to Failed MOL.com. company, get a sports betting license Hates the government. from     £  His runs Port and the state’s a big contract airport. Won with Gamuda 38) in system rail the mass-transit Set up Lumpur. Kuala Uni- Albukhary International his Albukhary and versity, funds remedial Foundation thousands of un- for classes from students derachieving each year. families poor rural 9. runs Self-made entrepreneur conglomerate listing on the Tokyo Stock Ex- Stock Tokyo on the listing the first was change in 1996 from company non-Japanese there. trading start Asia to unit has Communications a 4G pumped $2.5 billion into technol- and Internet network ogy in Malaysia. 8. AlBukhary YTL in 1955, using the first Tiong Lay Tiong Yeoh $2.7 BILLION/DIVERSIFIED $2.7 81. MARRIED, 7 CHILDREN 7 MARRIED, 81.  conglomerate Founded Corp. all Children of his name. letters 56- in the company; work has run son, Francis, year-old Its secondary 23 years. it for reportedly bidding for an for bidding reportedly and license Islamic insurance a brokerage has gotten in Cambodia. He is also license of LPI Capi- a big shareholder com- insurance tal, a general and in Malaysia pany Singapore. 7. , now (see No. 10). No. (see Public Bank Teh Hong Piow $4.7 BILLION/BANKING $4.7 80. MARRIED, 4 CHILDREN 4 MARRIED, 80. Malaysia’s third-largest bank- third-largest Malaysia’s also owns Group ing group. private one of the largest mutual fund management is in the country, companies 6.  Founded listed investment holding investment listed Also Group. Guoco company in financial serv- has interests development property ices, Southeast across and hotels Bank Asia. His Hong Leong bank Malaysian stalking still Capital Eon and Hong Quek Leng Chan 1. Robert Kuok 1. Robert estate real Hong Kong his helped boost $12.5 billion. to worth $4.8 BILLION/DIVERSIFIED $4.8 69. MARRIED, 3 CHILDREN 3 MARRIED, 69. Heads conglomerate Heads conglomerate Malaysia Group Leong part of his the biggest owes its Hong Kong- to fortune  5. developers. Group employs Group developers. up Grew worldwide. 30,000 on a rubber plantation where a Chinese food ran his father help school at 11 to Left shop. selling ice support his family, 4 years for on a bicycle cream finish high to returning before now school. All of his children his companies. for work

YAN SHENG / CNIMAGING / NEWSCOM ASIA36-41 Malaysia's Richest_Layout 1 2/25/11 6:59 PM Page 37 Page PM 6:59 2/25/11 1 Richest_Layout Malaysia's ASIA36-41 ASIA36-41 Malaysia'sRichest_Layout12/25/116:59PMPage38 North America,Southeast zines andnewspapers in lishes more than30maga- Chinese International and New Zealand. His Malaysia, Papua New Guinea palm oilplantationsin from timberconcessions and before buildinghisfortune years to supporthisfamily Tapped rubberinhisteenage £ Hiew King 10. and working outatthegym. golf butloves scubadiving MALAYSIA’S 40RICHEST 76. MARRIED, 4 CHILDREN $1.2 BILLION/TIMBER FORBES ASIA of theYear. was our2010 Businessman The budgetairlinepioneer 20. Anthony Fernandes Tiong Tiong Media pub- January. Company hasinter- price hitaone-year highin since last count asitsstock father. Fortune jumped60% Batu Kawan Brothers inherited control of HauHian Lee 11. ing shareholder. court casefiledby adissent- Leong Bankispendinga Quek Leng Chan'sHong stake inEONCapitalto No. 5 Asia andChina.Saleofhis 57. MARRIED, 1 CHILD 60. MARRIED, 4 CHILDREN DIVERSIFIED $900 MILLION/ Lee OiHian& Lee from theirlate  ous albums. singer, he’s recorded numer- painting andfast cars.A year. Enjoys scubadiving, Technologies, private late last company hecontrols, MCM bank ECMLibra. Took smallIT holds astake ininvestment Heads  12. maker Crabtree &Evelyn. personal-care-products Kuala LumpurKepong owns cals, whilelisted subsidiary ests inpalmoilandchemi- 71. MARRIED, 5 CHILDREN $785 MILLION/FINANCE Azman Hashim AmBank Group and Grand Prix. Circuit, hometo theMalaysian man ofSepangInternational Race cardriver isalsochair- the past year asoilprices rise. has gainedmore than60%in outfit tive chairmanofpetroleum Mahathir Mohamadisexecu- Son offormer primeminister  Mahathir 15. this year. him weighing apublicoffering mostly intheGulf. Talk has steel frames for bigbuildings, cates, designsanderects the founded in1984thatfabri- Kuala Lumpurcontractor he Owns andruns 14. Krishnan’s Tanjung Group. operation ofNo. 2Ananda seeking to buythegambling pines andtheU.K. Reportedly pore, HongKong, thePhilip- and casinosinMalaysia, Singa- 2003. Company boasts resorts has run Son ofthelate LimGohTong,  13. tion andproperty company Heads thesteelmaking, planta-  Cheng 16. 50. MARRIED, 5 CHILDREN 54. MARRIED, 3 CHILDREN 59. MARRIED, 3 CHILDREN 68. MARRIED, 3 CHILDREN $560 MILLION/OIL & GAS CONSTRUCTION $600 MILLION/ $665 MILLION/GAMING $505 MILLION/RETAIL Mokhzani Mokhzani Lim Kok Thay A.K. Nathan William H.J. Kencana Genting Group . Share price Eversendai  since , a

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Lion Group. Biggest source of ture. Projects now include the wealth is listed Parkson Retail, expansion of ’s which owns 45 department light-rail system and the con- stores in China and others in struction of an 854-unit lux- Malaysia and Vietnam. Married ury apartment complex, to Chelsia, née Chan Chow Ha, Rihan Heights, that’s part of a a former Hong Kong pop 346-acre development in singer and actress. Abu Dhabi co-owned by Sin- gapore’s CapitaLand and the 17. Shahril & UAE’s Mubadala. Shahriman Shamsuddin 20. Anthony $500 MILLION/OIL & GAS Fernandes  $470 MILLION/AIRLINES 50. MARRIED  42. MARRIED 46. MARRIED, 2 CHILDREN Brothers help run Sapura Took over AirAsia in 2001 and Group, founded by their fa- kicked off the region’s budget ther and named after their airline industry. Planning to list late mother. Its biggest Indonesia and Thai sub- company by market cap is sidiaries and start flights to oil-and-gas contractor Sapu- the Philippines. Also invested raCrest Petroleum. Share in hotels, mobile phones, in- price nearly doubled since surance, entertainment and education. Launched a For- a year ago. Shahril is an MIT 2. Ananda Krishnan mula 1 racing team last year. Sloan School M.B.A.; Shahri- His Maxis Named FORBES ASIA’s Busi- man is a Purdue University Communications is graduate. nessman of the Year for 2010. Malaysia’s biggest mobile service 18. Kamarudin 21. Goh Peng Ooi provider. $460 MILLION/SOFTWARE Meranun  $500 MILLION/AIRLINES shares of his Hap Seng more gress political party.  56. MARRIED, 2 CHILDREN than double in value over the 49. MARRIED, 5 CHILDREN A born techie who studied past year. Took tilemaker nuclear physics but switched 24. Chia Song Kun Low-key deputy chief execu- Malaysian Mosaics private in to electronic engineering. Got $400 MILLION/ tive of AirAsia took over the November.  his start at IBM and in 1989 FOOD PRODUCTION discount carrier with No. 20 61. MARRIED, 3 CHILDREN founded his own company, Tony Fernandes. The 2 invest This combined fortune for Silverlake Axis, providing 23. G. Gnanalingam together in almost all their him, his brothers and his banking and financial services $420 MILLION/PORTS businesses, from Tune Hotels  brothers-in-law is built on the MATTHEW STAVER / BLOOMBERG VIA GETTY IMAGES software to companies around to Tune Talk and Tune Money. 66. MARRIED, 3 CHILDREN family’s seafood and egg the globe. Cofounder of port operator company, QL Resources (see 19. Jeffrey Cheah Westports Malaysia in Port story, p. 32). $475 MILLION/ 22. Lau Cho Kun . Growth came from  $450 MILLION/ customers switching from REAL ESTATE  UP 66. MARRIED, 3 CHILDREN DIVERSIFIED Singapore. Looking at 75. MARRIED  Chairman of Sunway Group, managing ports in India. Took DOWN Rising palm oil prices and  a multinational that’s diversi- over beleaguered Maika NEW healthy demand for residen- fied into hotels, education, Holdings, investment arm of RETURNEE tial and retail property saw health care and infrastruc- the Malaysian Indian Con- £UNCHANGED ASIA36-41 Malaysia'sRichest_Layout12/25/116:59PMPage40 Company hefounded,  Lip Keong 26. rial prices. last year onhigherraw mate- Stock price down 20%since producer ofrubbergloves. 1991. Now theworld’s largest Top Glove owners andtraders started Son ofrubberplantation 25. MALAYSIA’S 40RICHEST 63. MARRIED 53. MARRIED, 2 CHILDREN $375 MILLION/GAMING RUBBER GLOVES $390 MILLION/ FORBES ASIA Lim Wee Chai Chen Chen with hiswife in  Naga- ling forestry group Sarawak Family fortune rooted inthe  & Yaw CheeMing 27. tourism company. property developer and Karambunai, aMalaysia-listed half theshares. Alsocontrols Kong andheowns more than largest casino. Listed inHong his NagaWorld isCambodia’s gambling inPhnomPenh,and corp 51. MARRIED 73. MARRIED, 8 CHILDREN $365 MILLION/FORESTRY , founded by father Teck , holdsamonopolyon Yaw Teck Seng 30. Liew Kee Sin estate ambitions Took hisreal to Vietnam last year. Sam- 30. the company’s landbanks. sit development nearoneof news ofapossible mass tran- 3-year highinJanuaryon managing director. Stock hita pany andsonWen ChiuChiis uate owns 66%ofthecom- The Columbia University grad- ties Cofounded  Chook Yew 29. prices buoyed hisstock. in thecompany. Higherpalmoil shares to hisnearly3%holding tor of Retired asanonexecutive direc-  28. tations produces palmoil. Malaysia-listed GlenealyPlan- bulk oftheirwealth. Their Hanoi, now accounts for the ships inKuala Lumpurand ParkCity, developer oftown- slumped andunlisted Perdana Kong-listed shares have Chee Ming.ButtheHong Seng andrunby eldest son than 50%since last year’s list. tion inJanuary. Stock upmore with government into ques- Kuala Lumpurland-swap deal Politicians called40-acre venture inVietnam last year. Setia infrastructure company Runs property developer and 88. WIDOW, 4 CHILDREN 80. MARRIED 52. MARRIED, 4 CHILDREN REAL ESTATE $255 MILLION/ $300 MILLION/PROPERTY $330 MILLION/PALM OIL with herlate husband. . Launchedfirst overseas Chong Chong Chan Fong Ann Liew Kee Sin IOI in October. Added Proper-  SP Kuala Lumpur. mass-transit rail project in ture project, an$11.5billion Malaysia’s largest infrastruc- MMC recently chosenalongwith family holds7%of tan AzlanShahofPerak. Royal daughter ofthereigning Sul- A practicing lawyer, she’s the Azlan Shah 33. to runitsprojects. often hired by OSKProperty tate operator PJ Development, shareholder oflisted real es- Khor ChaiMoi,isamajor London’s AIMmarket. Wife, boasts acompany listed on equity firm,OSKVentures, a third. The group’s private and OSKProperty climbedby Shares ofhis 32. No. 23,in Partner ofG.Gnanalingam,  bin Ahmad 31. Pelikan International. Kuala LumpurSentral and $216 millionbidinUzbekistan just won 2bigcontracts: a provider Heads oilandgasservices 34. 50. MARRIED, 2 CHILDREN 66. MARRIED, 5 CHILDREN 54. MARRIED, 4 CHILDREN 55. MARRIED INFRASTRUCTURE $195 MILLION/ DIVERSIFIED $200 MILLION/ $215 MILLION/PORTS OIL SERVICES $190 MILLION/ Ahmayuddin Ong LeongHuat Eleena Eleena Lee SweeLee Eng (see No. 8) KNM Group Westports Malaysia OSK Holdings   to manage Gamuda, , which  ,

GOH SENG CHONG / BLOOMBERG VIA GETTY IMAGES as a trading Ta Ann Ta Abdul Hamed Abdul financial ratios. Methodology includes list Malaysia The shared that are fortunes families. among extended compiled was list The and using shareholding financial information the fami- obtained from lies and individuals, stock and analysts exchanges, Commis- the Companies Net sion of Malaysia. based on are worths and prices stock as of Feb. rates exchange companies 14. Private based on valued were with prevail- comparisons ing earnings or other $125 MILLION/TIMBER$125 61. MARRIED, 2 CHILDREN 2 MARRIED, 61. Sepawi 40.  Started a timber it’s firm and now than more with conglomerate in Invests employees. 3,000 development property Naim Holdings, listed through giant which he chairs. Petrol Ann a Ta awarded Petronas subsidiary and partner a $780 to year last million deal late in build an oil and gas terminal Kimanis on Borneo.  - sold 70% sold 70% . Gamuda David Law Tien Law David $145 MILLION/MINING MILLION/MINING $145 57. 57. rector of rector ago for 2 years of his stake $110 million. 39. Seng iron in Australian Sold stake in 2008 firm Midwest ore than $100 million. more for non Had been Midwest’s chairman. deputy executive in Malaysian Bought stake Hiap maker steel-products in Investor year. last Teck of Australian and director company iron-mining Golden West -  Puncak . Initially rejected Selan- . Initially rejected Lin Yun Ling Lin Yun 25. Lim Wee Chai 25. Lim Wee empire His rubber glove high by stretched was year. last input prices $150 MILLION/ $150 INFRASTRUCTURE 56. MARRIED, 2 CHILDREN 2 MARRIED, 56. Founder and managing di Founder 38. 38. King, he’s executive chairman executive King, he’s and distri- treatment of water bution company Niaga buy to offer gor government’s concessions some of his water negotiating. Enjoys but is still Malays the United close ties to which National Organisation, ruling Na- heads the country’s and coalition, tional Front the man- be awarded could the Se- for agement contract if he sells them. langor assets .   , which TA Enterprise TA CIMB Group Nazir RazakNazir Tiah Thee Kian Rozali Ismail Rozali $155 MILLION/ $155 INFRASTRUCTURE $165 MILLION/BANKING $165 $170 MILLION/ $170 PROPERTY & FINANCE 53. MARRIED, 6 CHILDREN 6 MARRIED, 53. 44. MARRIED, 2 CHILDREN 2 MARRIED, 44. 63. MARRIED, 5 CHILDREN 5 MARRIED, 63. Known as Malaysia’s Water as Malaysia’s Known 37. 37. just added Cambodia to the 13 added Cambodia to just it operates. where countries Najib Razak is prime Brother minister. Cambridge University philoso- Cambridge University banking into went student phy heads Now graduation. after fi- second-largest Malaysia’s and company nancial-services third-largest the country’s capital- market by company ization, 36. 36.  Returns to the list after after the list to Returns as his absence a one-year hotels investments, property busi- and credit-and-lending revenue. more generates ness the Swissotel bought Recently China from in Kunshan, Invest- Kingdom Hotel Dubai’s Tan million. Wife $61 ments for runs firm; son Joo Fong Kuay Kim is deputy chief executive. Chairs financial services and Chairs financial services group property 35. 35. and a $702 million equipment and a $702 Peterbor- U.K.’s deal with the It’s Energy. ough Renewable to venture a joint also entered in South set up an operation to in an attempt Failed Africa. last private the group take with wife, fortune Shares year. Liat. Gan Siew

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