Top 10 Richest people in Malaysia
Robert Kuok Hock Nien , born 6 October 1923 in Johor Bahru, Johor, is an influential Malaysian Chinese businessman. According to Forbes his net worth is estimated to be around $14.7 billion on Feb 2012, making him the richest person in Malaysia and Southeast Asia.
Kuok is media-shy and discreet; most of his businesses are privately held by him or his family. Apart from a multitude of businesses in Malaysia, his companies have investments in many countries throughout Asia.His business interests range from sugarcane plantations (Perlis Plantations Bhd), sugar refineries, flour milling, animal feed, oil, mining, finance, hotels, properties, trading, freight and publishing.Biggest source of wealth is stake in Wilmar International, the world's largest listed palm oil company. He was a student from the prestigious school Raffles Institution.
Robert Kuok's son, Kuok Khoon Ean born in 1955 married Kuok Cheng Sui and holds Bachelor of Arts (Honours) Degree in Economics from University of Nottingham, England. His other son, Kuok Khoon Ho is the Chairman of the Kuok Brothers, born in 1951 and holds Bachelor of Commerce degree, from McGill University, Canada.
Robert Kuok's brother, Tan Sri Dato' Philip Kuok Hock Khee a Malaysian Ambassador to Bonn, Federal Republic of Germany, Yugoslavia, Netherlands, Belgium, Luxemberg and Denmark was born on 18 May 1921 and attended the College of Agriculture, Serdang and later to the University of Malaya with a degree in Economics. Tan Sri Philip married Eileen Kuok and had two sons and two daughters, he died on 16 December 2003 and was awarded with Netherlands award of the Grand Cross of the Order of Orange Nassau, and decorated with Dato' Sri Paduka Mahkota Johor (SPMJ), Dato' Paduka Mahkota Johor (DPMJ) and Panglima Setia Mahkota (PSM).
Mr. Robert Kuok has been the 33rd richest person in the world, over taking Tan Sri Dato Dr Yeoh Tiong Lay (YTL), Tan Sri Ananda Krishnan and Dato Brian Tan.
Kuok's father arrived in Malaya from Fujian, China at the beginning of the 20th century, and Robert was the youngest of three brothers, born on 6 October 1923, in Johor Bahru. He claims he began in business as an office boy, and later started a business with relatives' support.In fact, upon graduation, he worked in the grains department of Japanese industrial conglomerate Mitsubishi between 1942 and 1945
Kuok senior died in 1948, and Kuok and his two brothers founded Kuok Brothers Sdn Bhd in 1949, trading agricultural commodities. Under the new post-colonial government, Kuok started in the sugar business alongside the government. In 1961, he made a coup by buying cheap sugar from India before the prices shot up. He continued to invest heavily in sugar refineries, controlled 80% of the Malaysian sugar market with production of 1.5 million tonnes, equivalent to 10% of world production, and so earned his nickname "Sugar King of Asia".
In 1971, he built the first Shangri-La Hotel, in Singapore. His first foray into Hong Kong property was in 1977, when he acquired a plot of land on the newly reclaimed Tsim Sha Tsui East waterfront, where he built the second hotel, the Kowloon Shangri-La. In 1993, his Kerry Group acquired a 34.9% stake in the South China Morning Post from Murdoch's News Corporation.
His companies have investments in many countries, including Singapore, the Philippines, Thailand, Mainland China, Indonesia, Fiji and Australia. Businesses in China include 10 bottling companies for Coca Cola, and ownership of the Beijing World Trade Centre.
Freight interests include Malaysian Bulk Carriers Berhad and Transmile Group.
His political influence is attested by his having been selected as one of the advisors on Hong Kong's future in the runup to the transfer of sovereignty of Hong Kong, and his minority stake in CITIC Pacific. He was also instrumental in conveying information and setting up the meetings between Malaysia and China governments leading to full diplomatic cross recognition of the two countries.
Kuok has married twice and has eight children. His fourth eldest son, which he passed on to be the holder of Shangri-la Hotels Jeffrey Ong Teng Buey married twice. He has one daughter, Alyssa Ong Lei Yeng and three sons, Justin Choo Jia Wei, Bryan Choo Jia Jun and Jon Choo Jia Sheng. Kuok officially retired from the Kerry Group on 1 April 1993. One of his sons, Kuok Khoon Ean, now handles most of the day-to-day operations of his businesses. He currently resides in Hong Kong.
On 31 October 2009, PPB Group under the flagship of Robert Kuok issued a statement to the Bursa Malaysia that it has decided to dispose of its sugar units along with land used to cultivate sugar cane for RM 1.29 billion to FELDA. The sales resulted in a one-off gain for the company. The sugar unit and sugar cane plantation were the second largest business segment upon its grain and feed which were topping the sales.
#2 Ananda Krishnan
Tatparanandam Ananda Krishnan, born 1938 is a Malaysian businessman and philanthropist of Sri Lankan Tamil origin. Nicknamed A-K, he is currently estimated to have a net worth of US$9.6 billion according to Forbes' latest annual list of wealthiest people, making him the second wealthiest in Southeast Asia behind Robert Kuok, and number 89 in the world.
Ananda Krishnan shuns public exposure and is known to maintain a low profile for a person of his stature.
Ananda Krishnan was born in 1938 in Brickfields, Kuala Lumpur's "Little India" to TamilDalit parents, who were Sri Lankan immigrants. He studied at Vivekananda Tamil School in Brickfields, Kuala Lumpur and furthered his studies at Victoria Institution, Kuala Lumpur. Later, as a Colombo Plan scholar, he attended the University of Melbourne, Australia for his B.A. (Honours) degree majoring in political science. During that time he boarded in the Melbourne suburb of Hawthorn. Following that, Krishnan obtained a Masters in Business Administration at Harvard University, graduating in 1964.
Krishnan’s first entrepreneurial venture was a Malaysian consultancy Usaha Tegas. He set up Exoil Trading, which went on to purchase oil drilling concessions in various countries. Later, he moved into gambling (in Malaysia). In the early part of the 1990s, he started diversifying into the multimedia arena.
Currently, he has business interests in media (Astro), satellite (MEASAT), oil and gas (Bumi Armada, Pexco), telecommunications (Maxis, Aircel). He owns stakes in Tanjong Public Limited Company, an investment holding company with subsidiaries involved in power generation (Powertek), gaming (Pan Malaysian Pools), leisure (Tropical Islands, TGV Cinemas) and property.
He first came to prominence by helping to organize the Live Aid concert with Bob Geldof in the mid-1980s. In the early 1990s, he began building a multimedia empire that now includes two telecommunication companies - Maxis Communications and MEASAT Broadcast Network Systems - and has three communication satellites circumnavigating the earth.
He also effected the purchase of 46% of Maxis Communications, the country's largest cellular phone company, from British Telecom and AT&T for $680 million - raising his stake to 70%. Maxis has more than Ten million subscribers, with around 40% market share in Malaysia. Recently, Maxis has acquired Aircel, Tamil Nadu's largest cellular phone company and has spread to rest of India. Maxis is also under negotiation to buy over and expand an Indonesian cellular phone company.
In an agreement between Astro and India's Sun Network, Ananda plans to produce TV channels which cater to the Indian market, especially Tamil diaspora in countries such as US and Europe. Ananda also plans to offer TV services featuring Web-based interactivity. Ananda Krishnan owns stakes in TVB.com and the Shaw Brothers movie archives.
#3 Lee Kim Hua & family
Tan Sri Dato Seri (Dr.) Lim Goh Tong ,1918 – 23 October 2007 was a prominent wealthy Malaysian Chinese businessman. He was renowned for his vision and courage in transforming Genting Highlands from an unexplored hilltop into one of the world's most successful casino resorts. He was once the richest man in Malaysia, Asia with net worth US$4.2billion.
Born in 1918 in Anxi, a mountainous county in southeastern Fujian province, China, Lim Goh Tong was the fifth child in his family. His father was Lim Shi Quan and his mother Goh Ban. He has an elder brother (Jing Ya), three elder sisters (Lim Zhuang, Lim Bau and Lim See), a younger sister (Lim Mei) and a younger brother (Jing Kun). Lim was born into a rustic environment in a village, during that time, China was in a period of turmoil and unrest after the 1911 revolution, but life was relatively sheltered for Lim in the village. He grew up peacefully and had the opportunity of studying in school. However, disaster struck and his father died when he was 16. Lim was forced to leave school and he and his elder brother had to take over the heavy burden of feeding his family.
As China's situation was becoming worse, Lim Goh Tong decided to take the plunge in venturing out to Malaysia (known as Malaya at that time) following his cousin, Lim Kheng Chong's footstep. He left China through Xiamen in early February 1937 at the age of 19. He worked for his uncle as a carpenter in the first two years, learning the Malay language in the meantime. After gaining experience he went on to become a building sub-contractor and completed his first job of building a two-storey school. He returned to Anxi in 1940, but went back to Malaya the next year amidst a deteriorating war environment.
The Japanese invaded Malaya in 1942 and caused Lim to have a few near-death experiences. During the early Japanese Occupation, he earned a living as a vegetable farmer, but decided to switch to petty trading for a better living. Later on Lim ventured into scrap-metal and hardware trading. When the Japanese Occupation ended, there was an urgent demand for heavy machinery for resumed operations in mines and rubber plantations. Lim seized the opportunity and engaged in second-hand machinery trading, making his first fortune.
From used machinery trading, Lim strayed into iron mining, joining as a partner in an iron mining company which couldn't settle the outstanding payment of two bulldozers with him. This proved to be a successful venture, and he later went on to form a joint-venture company which was one of the first Chinese tin companies to utilize dredges.
While dealing in heavy machinery, Lim accumulated a wide range of reconditioned machines as well as a substantial amount of cash to move into construction and related industries. In the name of his family construction company, Kien Huat Private Limited, Lim began taking on several contracting jobs with help and guidance from his uncles. Kien Huat won accolades and became recognized as one of the leading construction companies, building the Ayer Itam Dam and the Kemubu Irrigation Scheme.
Lim Goh Tong was married to Lee Kim Hua, together they had six children and nineteen grandchildren.The six children are Lim Siew Lay, Siew Lian, Siew Kim, Tee Keong, Kok Thay and Chee Wah.
Throughout his life Lim has had a few medical crises, among them were a malignant tumour and cardiovascular problems, which he pulled through after several surgeries.
Lim wrote his autobiography "My Story - Lim Goh Tong" and it was published in 2004. In the book he wrote about his early life, how he started off with nothing to building a world-class casino resort through hard work and perseverance confounding skeptics, and the people he acknowledges.
#4 Lee Shin Cheng
Lee Shin Cheng heads IOI Corporation Berhad (or better known as IOI Group) as its executive chairman.
IOI, which is listed in Bursa Malaysia, is one of the world's leading conglomerate managing oil palm plantations, specialty fats, oleochemicals and property development activities in Malaysia, Indonesia, United States, and Europe. IOI refinery in Rotterdam, the Netherlands is the largest palm oil refinery in Europe. IOI's oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives. IOI Group is also a leading real estate developer in Malaysia: projects include townships, shopping malls, condominiums, office towers and resorts.
Lee grew up northeast of Kuala Lumpur on a rubber plantation, where his father ran a small Chinese food shop. He left school at the age of 11 to help support his family, selling ice cream on a bicycle for four years before returning to finish high school. He sought work with one oil palm plantation company for a supervisory job, but was turned down. The reason given—he didn't speak fluent English—important then because Europeans still own most of the plantations. Lee, who was then only 22, was undeterred with Dunlop Estate's rejection. He went on to apply and got a field supervisor job with at another palm oil company.
Lee adopted a hands-on managerial style and home in on what it takes to maximize yields as early as in the 1960s. Lee's untiring walkabout at IOI's 152,000 hectares of oil palm plantations in Malaysia and Indonesia has earned him the 'tree talker' moniker among journalists, rival plantation companies and banking circles in Malaysia.
In 2005, in a rare field trip with stock analysts and journalists, Lee, the usually serious businessman,revealed a lighter side to his personality. He pointed to the oil palm trees and in a deadpan face, said the trees were his girlfriends.
"Each one has her own characteristics. If one produces well, I will tell her 'I love you'," Lee grins, adding that if a tree is not productive he would tell her that he will give her six to nine months to bear the quota of fruits. Surprisingly, they tend to bloom to expectation," he said.
But what happens if after nine months, they still bore no fruit?
"Well, I'll tell her, 'I'm sorry darling. I will have to chop you down'," he said.
The legend of Lee serenading to his trees gained mileage among business circles again when, at a vegetable oils conference in December 2008, Tun Musa Hitam, chairman of Sime Darby, a close rival to IOI Group, acknowledged Lee's singing of Tamil songs has worked wonders on oil palm yields. Musa then said he will 'seriously' think about asking his management team to sing Indonesian songs to the trees at the estates, too.
In July 2009, while receiving an award on behalf of IOI Group at the Third Annual Best Financial Institutions in South-East Asia Awards in Kuala Lumpur, Lee lent weight to his moniker.
"I am always quoted as talking to the trees, so it looks like I have to continue talking to the trees to get another award,” he said.
Lee has two sons and four daughters, all were trained as lawyers. Lee and his family's control of IOI is held via Progressive Holdings Sdn Bhd. Although all six of Lee's children work in the company holding managerial positions, sons Dato’Lee Yeow Chor and Lee Yeow Seng are more prominent in the public by virtue of their representation in IOI's board of directors.
The growing success of IOI in the last decade has to date propelled Lee to be Malaysia's 3rd richest and world's 234th richest person.FORBES magazine, in 2009, puts his net worth at $3.2 billion.
In recognition of Lee's immense contributions to the evolving needs and aspirations of the property industry in Malaysia, he was bestowed the singular honour of FIABCI Malaysia Property Man of the Year 2001 Award. In February 2002, he was conferred the Honorary Doctorate Degree in Agriculture by Universiti Putra Malaysia in recognition of his contributions to the palm oil industry.
Lee serves as, among others, a Board Member of Universiti Putra Malaysia, the Adviser to the KL & Selangor Chinese Chamber of Commerce and Industry, a Council Member of Malaysian Palm Oil Association (MPOA), a member of Malaysia-China Business Council, the Honorary President of Association of Eng Choon Societies of Malaysia and Federation of Hokkien Association of Malaysia.
Since 1998, Lee has been providing scholarships and educations grants to outstanding and bright young students via Yayasan Tan Sri Dato’ Lee Shin Cheng.
#5 Teh Hong Piow
Tan Sri Dato' Seri Dr. Teh Hong Piow, the Chairman of Public Bank Berhad in Malaysia, was born in Singapore on 14 March 1930. He attended his formal primary and secondary education at the Anglo-Chinese School in Singapore. He has been married to Puan Sri Tay Sock Noy since 1956 and they have four children - three daughters and a son.
He began his banking career in 1950 as a Bank Clerk in Overseas-Chinese Banking Corporation Ltd. and rose in rank to officer within five years. He joined Malayan Banking Berhad as Manager in 1960. Later in 1964, he was promoted to the position of General Manager at the young age of 34. Teh then left Malayan Banking in 1966 to set up Public Bank.
One of Malaysia's wealthiest businessmen, Piow obtained three degrees at the unaccredited Pacific Western University and two PhDs at Clayton University (also unaccredited) and University Malaya.His net worth is estimated by Forbes to be US$4.7 billion, making him the 223rd richest person in the world and the 5th richest in Malaysia.
#6 Quek Leng Chan
YBhg Tan Sri Quek Leng Chan, born 1941, Singapore is a Malaysian tycoon who co-founded Hong Leong Group Malaysia. He is one of the richest men in Malaysia with an estimated net worth of US$2.9 billion according to Forbes in 2007.
YBhg Tan Sri Quek Leng Chan studied in Victoria School in Singapore and is qualified as a Barrister-at-Law from Middle Temple, United Kingdom. He has extensive business experience in various sectors, including financial services, manufacturing and real estate. He is the Chairman & Chief Executive Officer of Hong Leong Company (Malaysia) Berhad (“HLCM”), Executive Chairman of Hong Leong Industries Berhad (“HLI”), Hume Industries (Malaysia) Berhad (“HIMB”), Hong Leong Financial Group Berhad, GuocoLand (Malaysia) Berhad, Camerlin Group Berhad and Chairman of Hong Leong Bank Berhad, HLG Capital Berhad (“HLG”), Hong Leong Assurance Berhad, Hong Leong Islamic Bank Berhad and Hong Leong Foundation (“HLF”).
Quek oversees the Malaysian operations of the Hong Leong Group while his cousin and fellow billionaire Kwek Leng Beng oversees the Singapore operations.
#7 Syed Mokhtar Al-Bukhary
Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary is the richest Bumiputra corporate figure in Malaysia. With involvement in diversified business areas which include transportation and logistics, plantations, property development, defense and armory as well as engineering and power generation, he has a net worth estimated to be US$1.7 billion according to Forbes,making him the 8th richest Malaysian.
Syed Mokhtar al-Bukhary was born into a mid-low class Malay family; whose house was without necessities and luxuries. His highest education was only until form five, and he never went to university. A whole lot of his knowledge and experience was gained through his own entrepreneurship experience during his youth time.
Due in part his family's mediocre-to-poor background, Syed Mokhtar al Bukhary had to step into the working world in his early life, while pursuing his primary and secondary studies. Syed Mokhtar helped his mother planting and selling vegetables in the market and also selling roti canai. His numeric knowledge was used to help his father in doing daily book keeping.
After finishing school, Syed Mokhtar helped his father in breeding cow business but only to see the business washed away by foot and mouth disease. Nevertheless, he took over the business and start over by selling meats. He then move on to packaging the meats and start selling them wholesale. His determination paid off and the business started to take off.
Syed Mokhtar and Zainal started his business in Kedah in the 1990s dealing in rice. More success followed and he moved to rice trading business. He worked even harder after he was awarded the rice trading license from Lembaga Padi Negara and the mamak, and was later awarded successions of supplier contract government-linked corporations as partner with Zainal Hatim Hj Ambia Bukhary.
As his determination starting to skyrocket, he quickly moved to expand into diversification of other businesses. His next big move was in the logistics business, with initial goal to transport their trading materials. Today, his business empire has grown into areas such as plantation, property development, construction, engineering, power generation, infrastructure and ports.
He owns 51.8% share in Malaysian Mining Corporation via his wholly owned company, Syarikat Impian Teladan Sdn. Bhd. Tan Sri Syed Mokhtar and Zainal Hatim personally owns SKS Ventures, which was awarded the task of building the site for 2100MW coal-fired power station at Tanjung Bin, Johor. Tan Sri Syed Mohktar has a 32% share in PERNAS through his own company, Syarikat Ratu Jernih. Syarikat Perdana Padu Sdn. Bhd. and Corak Kukuh Sdn. Bhd. Tan Sri Syed Mokhtar and Zainal are Board Members of Syarikat Bina Puri Holdings Berhad, whereby, on his own, he has 7.34% share. Apart from these, Tan Sri Syed Mokhtar and Zainal has varied interest in a number of companies, both in Malaysia as well as abroad.
His philanthropic values were nurtured from the age of 23 when he started a small business dealing in rice. When he received his first monthly income of RM1,500, his mother had told him to donate half of it to the poor.
From 1996 to 2006, his foundation has contributed almost RM1bil to charity, although his total income is probably in multiples of that figure.
He has humanitarian projects in Asia and Africa, including rebuilding the lives of Afghan refugees, Pakistan's ear's tsunami victims and is now working to establish an AIDS hospital in Uganda.
Among the foundation's initiatives are the Albukhary Tuition Programme for poor underachievers and the Albukhary Scholarship Programme for poor high achievers.The scholarship awarding in AL Bukhary foundation started in 2003 with 41 students from 19 countries who had been awarded the scholar ship from AL Bukhary Foundation. In the following years the number of students have reached almost 350 students.
In appreciation of his enormous services and contributions, he was bestowed with several awards, which among others, include the Panglima Setia Mahkota (P.S.M.) by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong, which carries the title Tan Sri and the Dato' Setia Mahkota Kedah (D.S.D.K.) by HRH The Sultan Kedah, which carries the title Dato'.
On 10 January 2008 or 1st Muharram 1429 Hijra he was announced and awarded as "Tokoh Ma'al Hijrah" by The Yang Di Pertuan Agong of Malaysia in recognition of his contribution to nation building and also
A number of companies controlled by Syed Mokhtar have come under attack for development activities on greenfield sites. For example, the clearance of mangroves for the development of Johor Port has led to some criticisms from local environmental groups.He has also been identified as a major beneficiary of political connections that have given his subsidiary companies monopoly control over crucial Malaysian sectors, including rice, power and ports.
KUALA LUMPUR: Tradewinds Plantation Bhd’s (TPB) AGM today could be an interesting affair as the Minority Shareholder Watchdog Group (MSWG) has sent to the company a set of questions ranging from crude oil pricing to a donation of RM10 million made to the Albukhary International University, sources said.
Of particular interest to minority shareholders will be the RM10 million donation, which is deemed as excessive, representing about 20% of the company’s net profit. MSWG’s list of questions also include seeking clarity on its plans to build palm oil mills.
TPB’s 69.76% parent Tradewinds (M) Bhd is also understood to have received a letter from MSWG over its own contribution of RM10 million as well, to the same university. Tradewinds’ AGM is slated for June 22.
The RM10 million contribution by Tradewinds works out to about 12% of its net profit for FY09. Issues have cropped up as Tan Sri Syed Mokhtar Albukhary controls almost 43% of Tradewinds and has an interest in the university as well.
The RM350 million Albukhary International University in Alor Setar, Kedah comes under the control of the Yayasan Albukhary, which in turn is controlled by Syed Mokhtar.
This will not be the first fiery AGM in the businessman’s stable of companies.
The Edge Financial Daily learnt that Syed Mokhtar’s flagship MMC Corporation Bhd’s AGM at end-April was also a fiery one, with shareholders questioning a RM75 million contribution to the university.
For FY09, MMC posted a net profit of RM236.71 million on RM8.44 billion in revenue, which means the contribution to the Albukhary International University amounted to over 30% of the net profit. Syed Mokhtar, via his vehicle Seaport Terminal (Johore) Sdn Bhd, controls about 42.47% of MMC.
Even more interesting was a contribution by water player Aliran Ihsan Resources Bhd, which gave away some RM20 million to the university. Aliran Ihsan’s net profit for FY09 amounted to RM30.23 million, meaning that the company forked out almost two-thirds of its net profits to the university.
Syed Mokhtar’s MMC has more than 70% equity interest in Aliran Ihsan.
Another company the tycoon controls, Padiberas Nasional Bhd (Bernas), has forked out RM20 million to the . Bernas is 72.57% owned by Tradewinds.
In total companies linked to the tycoon is understood to have donated anywhere between RM135 million and RM150 million to the university. Another Syed Mokhtar-controlled company, DRB Hicom Bhd, has not done so.
According to MSWG’s letter to TPB, such donations are normally in the 2% or 3% range of net profits and that “the (TPB) board should provide more clarification on the substantial contribution”.
“Giving out to charity or such causes is fine; just ensure the company pays out dividends and then pay it from your own pocket,” an industry observer said.
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#8 Yeoh Tiong Lay
Tan Sri Dato' Seri Dr. Yeoh Tiong Lay is a Malaysian business tycoon and a prominent philanthropist. He founded YTL Corporation,Malaysia's biggest and most successful conglomerate with interests in construction, utilities, hotels, property development and technology. YTL is based primarily in Malaysia but has extensive operations in Asia, Australia and the United Kingdom, where it owns the utility Wessex Water. YTL Corp has over $3 billion in cash.
Yeoh Tiong Lay completed his secondary school education at Hin Hua High School in Klang, Malaysia. He is the father of Francis Yeoh, who is the eldest of his 7 children, all of whom are involved in the family business.
He is one of the richest individuals in Malaysia, his family is estimated to have a networth of US$ 2.7 billion, and is ranked as the 421st richest person in the world according to Forbes in 2011.
He was conferred the prestigious Order of the Rising Sun, Gold Rays with Neck Ribbon by the Emperor of Japan for his efforts in promoting bilateral relations between Malaysia and Japan on the 19th of January 2008.
He is currently one of the Pro-Chancellors of Universiti Malaysia Sabah in Kota Kinabalu, Sabah with YDatuk Seri Panglima Musa Hj. Aman, the Chief Minister of Sabah.
#9 Tiong Hiew King
Tan Sri Datuk Sir Hiew-king Tiong is the Malaysian Chinese founder and chairman of the Rimbunan Hijau Group, a timber company founded in 1975. Its overseas timber operations in Papua New Guinea is the largest in that country. He also has interests in logging operations in Russia.
Tan Sri Datuk Tiong resides in Sibu, a town in Sarawak, of Borneo island that belongs to Malaysia. With a reported net worth of about US$1.1 billion, Tiong is ranked by Forbes as the 840th richest person in the world.
Tiong's Rimbunan Hijau Group also controls Sin Chew Jit Poh and Guang Ming Daily, two of the major Chinese national dailies in Malaysia, The National Daily in Papua New Guinea and Ming Pao Holdings Ltd in Hong Kong. He is forging a global Chinese publishing group with his Ming Pao Enterprises; Ming Pao newspaper is also available in San Francisco (no longer in business since Feb. 15, 2009),New York, Vancouver and Toronto.
Back home in Sibu, Tiong and his family are members of the ruling Sarawak United People's Party (SUPP), a major party of the ruling coalition government in Sarawak. Tiong's younger brother Tiong Thai King has been the Member of Parliament of the Lanang Parliamentary Constituency in Sibu since 1995 till today.
Residents in Sibu were told in the Malaysian general election, 1995 that by going abroad was to look after the welfare of fellow Sibu Fuzhou employees', since the forest of Sarawak was depleting fast. The election campaign statements were made very touchy to the Sibu voters in the general election.
#10 Vincent Tan
Tan Sri Dato' Seri Vincent Tan Chee Yioun, born 1952 is the current owner of Cardiff City F.C. and also is the Chairman and Chief Executive of Berjaya Corporation Berhad, which controls a wide array of businesses which includes golfing, property, resorts, and gambling in a group known as the Berjaya Group. He operates the second pay-TV service in Malaysia, MiTV, that was launched in September 2005. In 2010 he entered the Forbes billionaire billionaire list with an estimated worth of US$1.3 billion (RM4.2 billion). Tan's success in the Malaysian business sector has been attributed in part to his close association with prominent Malay political figures.
Tan was born in 1952, in Batu Pahat, Johor. He worked as a clerk and an insurance agent before going into business in the 1980s. In 1982 he purchased Malaysia's McDonald's franchise and in 1985 he bought Sports Toto when the lottery agency was privatised by the government.Vincent Tan has had close links with Mahatir Mohamed and his family, the ex prime minister of Malaysia. Vincent Tan obtained the license of his lottery business from an untendered privatisation in 1985 (Studwell, Joe; Asian Godfathers, page 130, Grove Press, 2007)
On 23rd of February 2012, Vincent has decided to retire from an active corporate role in (B-Corp), the flagship of the Berjaya Group of Companies.