Headline Top 40 Richest Malaysians Mediatitle the Star Date 23 Mar
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Headline Top 40 Richest Malaysians MediaTitle The Star Date 23 Mar 2019 Language English Circulation 201,943 Readership 605,829 Section Star BizWeek Page No 1,14TO21 ArticleSize 8598 cm² Journalist N/A PR Value RM 1,381,293 Headline Top 40 Richest Malaysians MediaTitle The Star Date 23 Mar 2019 Language English Circulation 201,943 Readership 605,829 Section Star BizWeek Page No 1,14TO21 ArticleSize 8598 cm² Journalist N/A PR Value RM 1,381,293 TOP-40 RICHEST MALAYSIANS IN 2018 Ranking The rich 2018 2017 RM'BIL % 2018 2017 RM'BIL RM'BIL + /(-) 1 1 ROBERT KUOK HOCK NIEN 43.59 49.91 (6.32) . (12.7) Kuok Group became 2 3 TAN SRI TEH HONG PIOW 25.28 21.55 3.72 17.3 Public Bank 3 4 TAN SRI LEE SHIN CHENG 19.43 20.61 (1.18) (5.7) IOI Group 4 6 TAN SRI LAU CHO KUN 18.20 17.60 0.60 3.4 poorer Hap Seng Group 5 2 TAN SRI LIM KOK THAY & FAMILY 16.56 23.81 (7.25) (30.4) Genting Group 6 7 TAN SRI QUEKLENG CHAN 15.18 15.94 (0.76) (4.8) Hong Leong Group by RM22bil 7 10 TAN SRI CHEN LIP KEONG 13.11 9.31 3.80 40.8 Nagacorp FOR the first time in five years, the 40 the company forging ahead of other 8 .. 5 ANANDA KRISHNAN 12.77 20.4 (7.64) (37.4) wealthiest Malaysians saw their players in the floating production Maxis, Astro wealth decline. The total wealth of storage and offloading business. 9 8 TAN SRI KOON POH KEONG & FAMILY 12.17 13.07 (0.89) (6.8) the top-40 Malaysians based on their The three out of the top 40 list are Press Metal shareholdings in listed companies GD Express Bhd founder, Teong Teck 10 9 KUAN KAM HON & FAMILY 10.86 9.71 1.16 11.9 dropped by RM22.4bil to RM268.1bil Lean, Mah Sing Group's Tan Sri Leong as of end-2018. Hoy Kum and Ann Joo Resources Bhd Hartalega The decline in the value of the 40 group executive chairman Datuk Lim 11 11 TAN SRI FRANCIS YEOH & FAMILY 6.93 9.22 (2.29) (24.8) richest Malaysians - compiled based Kiam Lam. YTL Group on their effective interest in listed There are hardly any changes to 12 16 CHIA SONG KUN & FAMILY 6.10 4.03 2.06 51.1 companies in Malaysia and overseas the list of top 30 billionaires although QL Resources - came amidst a drop in the FBM their positions have moved up or 13 12 TAN SRI G. GNANALINGAM 5.62 5.74 (0.13) (2.2) KLCI of 6% due to global uncertain- down the list. For instance, Genting Westports ties. The changes in business policies group's Tan Sri Lim Kok Thay has 14 18 TAN SRI LIM WEE CHAI 5.25 •3.79 1.46 38.6 that came about after the new gov- moved down three notches to fifth ernment came to power on May 9, spot while Ananda is down to eighth. Top Glove Group 2018 exacerbated the drop in the total By far, Robert Kuok of the Kuok 15 13 TAN SRI JEFFREY CHEAH 4.77 5.50 (0.74) (13.4) wealth of the rich. group continues to be the richest man Sunway Group In absolute amount, the person in Malaysia with a net worth of 16 15 TAN SRI LEE 01 HIAN & DATO' LEE HAU HIAN 3.62 4.25 (0.63) (14.8) who saw the biggest drop in wealth is RM43.59bil. His business empire Batu Kawan, KLK T. Ananda Krishnan, whose net stretches from China to Australia and 17 21 TAN SRI NGAU BOON KEAT 3.51 2.88 0.63 21.9 wealth feh by RM7.64bil to the tycoon hardly spends time in Dialog Group RM12.77bil as at end-2018. His three Malaysia. compaies - Maxis Bhd, Astro Malaysia Public Bank's founder Tan Sri Teh 18 17 TAN SRI TONY FERNANDES & DATUK 3.43 3.95 (0.52) (13.3) Holdings Bhd and Bumi Armada Bhd Hong Piow takes second spot with a KAMARUDIN MERANUN - all saw a drop in values due to net worth of RM25.28M while IOI Air Asia Group changes in the business environment Group's Tan Sri Lee Shin Cheng is 19 14 TAN SRI SYED MOKHTARALBUKHARY 3.15 5.25 (2.10) (40.0) they operated. The worst hit is Bumi third in the list with a net worth of MMC & DRB Group Armada, a service provider to the oil RM19.43bil. 20 23 DATUK MOHD ABDUL KARIM, ABDUL 2.96 2.50 0.46 .18.5 and gas industry, that is battling The year 2018 belonged to glove KADIER & DATUK AWANG DAUD bankers on the weight of debts manufacturers where four in the top amounting close to RM9.5bil. 40 came from that sector. The four Serba Dinamik Tan Sri Lim Kok Thay came a close are Hartalega Bhd's chairman Kuan 21 22 TAN SRI LIM KUANG SIA 2.86 2.66 0.20 7.5 second in absolute loss of paper Kam Hon, Top Glove Bhd's Tan Sri Kossan wealth as his net worth was shaved Lim Wee Chai, Tan Sri Lim Kuang Sia 22 25 TAN SRIAZMANHASHIM 2.58 2.45 0.13 5.3 off by RM7.25bil to RM16.56bil. The of Kossan and Wong of Riverstone. AmBank share prices of both Genting Bhd, Top Glove's Lim and Hartalega's 23 29 LIM TECK MENG& FAMILY 2.47 2.34 0.13 5.6 which runs the casino and Genting Kuan are among those who saw the Scientex Malaysia Bhd that operates the theme biggest jump in their net worth due 24 30 KONG CHONG SOON & KONG PAK LIM 2.41 2.34 0.07 2.9 park fell by 32% and 46% respective- to the rise of prices of glove manufac- ly in 2018. turers. UOA Group Lim who oversees a global business The biggest gainer is Tan Sri Chen 25 31 DATUK TAN HENG CHEW 2.36 2.31 0.05 2.1 empire nevertheless is the fifth rich- Lip Keong who controls 65.8% of Tan Chong Group est man and sits at the helm of a Hong Kong-listed Nagacorp Ltd. The 26 20 GOH PENGOOI 2.24 2.99 (0.74) (24.9) group with a cash pile of RM8.8bil. Nagacorp group is the largest hotel, Silverlake In terms of percentage, MyEG gaming and leisure operator in 27 28 DATUK LOH KIAN CHONG 2.22 2.35 (0.13) (5.6) Services Bhd founders saw then- Cambodia. Chen's net worth Oriental wealth cut by 58.2% in 2018. MyEG increased by 41% to RM13.1bil as at was one of the worst-affected stocks end 2018. 28 26 fAN SRI VINCENT TAN 2.15 2.43 (0.28) (11.5) post-May 9,2018 elections as its core Berjaya Group business was providing e-government Methodology 29 27 TAN SRI DESMOND LIM 2.12 2.40 (0.28) (11.7) services. The founders of MyEG - Pavilion, WCT Datuk Wong Thean Soon and Datuk The list is compiled by an inde- 30 32 DATUK SERI ROBERTTAN & 1.75 2.11 (0.35) (16.8) Norraesah Mohamad - were riding pendent analyst based on the listed TAN BOON SENG FAMILY high in the previous regime as they and disclosed shareholdings of indi- IGB Group were supposed to roll out the tax viduals. monitoring system under the Goods It is based on the closing share 31 24 DATUK SERI CHEAH CHENG HAI 1.65 2.47 (0.82) (33.3) and Services Tax regime. price on Dec 31,2018. It does not take Value Partners New entrants to the top-40 billion- into account the borrowings or fund- 32 19 WONG THEAN SOON & 1.40 3.3.6 (1.95) (58.2) aires list are Selangor Properties Bhd ing costs of the individuals. DATUK NORRAESAH MOHAMAD managing director Wen Chiu Chi, the In the case of family companies MyEG Services co-founder and major shareholder of where there is no information on the 33 - WEN CHIU CHI & FAMILY 1.34 - 1.34 100.0 Riverstone Holdings Bhd, Wong Teek exact amount of shares held by the Selangor Properties Son and Yinson Holdings Bhd's Lim individual, the shareholding of his or Han Weng. her family members are combined 34 - WONG TEEK SON 1.30 t - . 1.3 100.0 Wen took over at the helm of together with the stake held by the Riverstone (S'pore) SelProp following the passing of his individual. 35 f. - . - LIM HAN WENG 1.30 - 1.30 100.0 mother in September last year while The net worth is based on the per- Yinson Wong of Riverstone is one of four son's effective interest in the group. It 36 34 DATUK TEE ENG HO 1.25 1.62 (0.37) (22.7) among the top 40 who made their does not take into account the stakes Kerjaya Prospek pile from the glove industry. Yinson's held at subsidiary or associate levels, 37 37 TAN SRI ONG LEONG HUAT 1.16 1.44 (0.28) (19.4) Lim made it to the list on the back of which strips out double-counting. OSK Group 38 33 DATUK LEONG KOK WAH 1.06 1.63 (0.57) (35.0) 2018 2017 2016 2015 2014 EcoWorld Group Top 40 Richest Wealth (RM bil) 268.1 290.5 235.7 225.3 222.8 39 35 YONG PANG CHAUN 1.03 1.54 (0.52) (33.5) Padini Change (RM bil) ' -22.4 +54.8 +10.4 +2.5 +2.2 40 39 GOOISEONG LIM & FAMILY 1.01 1.18 (0.17) (14.0) -% -8% +23% +5% +1% +1% Kim Loong, Crescendo FMBKLCI (points) 1,691 1,797 1,642 1,693 1,761 - 1 3.85 (3.85) (100.0) Change -6% +9% -3% -4% -6% 268.12 290.48 (22.36) (7.7) Headline Top 40 Richest Malaysians MediaTitle The Star Date 23 Mar 2019 Language English Circulation 201,943 Readership 605,829 Section Star BizWeek Page No 1,14TO21 ArticleSize 8598 cm² Journalist N/A PR Value RM 1,381,293 Stories by JAGDEV SINGH SIDHU, 2.