How Many Of These Richest People In Malaysia Do You Know?

Robert Kuok, the Hong Kong-based Malaysian tycoon is still the richest man in Malaysia, with a wealth of RM54.48 billion from last year s RM46.1 billion, followed by businessman T. Ananda Krishnan and Public Bank's Tan Sri Teh Hong Piow.

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Tan Sri Robert Kuok is still Malaysia's richest man, well ahead of his nearest "rival" in Malaysian Business magazine's annual "Malaysia's Richest 40" list

In its 16 February issue, the magazine listed Kuok's fortune at RM54.48 billion, up from last year's RM46.1 billion.
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The Hong Kong-based tycoon's assets make up just over 25 per cent of the entire fortune of the 40 in the list which is RM217.82 billion, an increase of 11.73 per cent from last year's RM194.86 billion.

The business magazine said when it first started computing the wealth of Malaysia’s 40 Richest individuals in 2002, their combined assets stood at RM41.7 billion and Robert Kuok came out on top

"Overall, the steady increase of their wealth can be attributed to share market performance and price inflation, given that their wealth is largely based on their shareholdings. It is also reflective of the performance of their companies and Malaysia’s positive economic growth over the past 12 years," Malaysian Business said in a statement issued today.
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This year there are 33 billionaires, two more than last year, and 29 of the 40 in the list see their assets increasing from last year.

T Ananda Krishnan

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T. Ananda Krishnan maintains his second position where he has been since 2004, and his assets, held via Usaha Tegas Sdn Bhd, are worth RM33.19 billion, an increase of 0.88 per cent from last year’s RM32.90 billion.

Banker Tan Sri Teh Hong Piow of Public Bank Bhd maintained his third spot for the past four years, with assets worth RM18.07 billion

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The magazine said fourth on the list is Tan Sri Quek Leng Chan whose wealth, through his flagship Hong Leong Group and Guoco Group, is valued at RM14.11 billion this year

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At the fifth spot is Tan Sri Lee Shin Cheng of IOI Group who jumped from sixth position last year, overtaking Tan Sri Syed Mokhtar Albukhary who fell to sixth

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Lee's wealth this year is RM13.12 billion, up from RM10.56 billion a year ago.

Tan Sri Syed Mokhtar Albukhary has to contend with the sixth spot despite his wealth growing by 4.43 per cent to RM11.07 billion from RM10.6 billion last year

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Genting Group chief Tan Sri Lim Kok Thay and his mother, Puan Sri Lee Kim Hua, retained their seventh and eighth positions, respectively

Tan Sri Lim Kok Thay and his mother Puan Sri Lee Kim Hua

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Lim's wealth rose 16.18 per cent to RM9.43 billion while Lee's increased by 3.2 per cent to RM7.47 billion.

And, as the nation’s magnates continue to widen the gap with the rest of Malaysia, Datuk Mokhzani Mahathir, the son of former PM Tun Dr. Mahathir Mohamad, has finally joined the ranks of the country’s top 10 richest people, coming in at ninth place

According to a new list of Malaysia’s 40 richest tycoons released by the Malaysian Business magazine, the SapuraKencana Petroleum mogul added another RM1.59 billion to his coffers over the last year to raise his estimated wealth to RM4.22 billion — good enough for ninth place on the list.
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In 2012, Mokhzani had emerged with about 15 per cent of SapuraKencana after his Kencana Petroluem Bhd merged with SapuraCrest Petroleum Bhd. He later disposed of 90 million shares at for an estimated RM387 million.

Mokhzani relinquished his executive positions in SapuraKencana late last year and instead remains only as a non-executive director.

Rounding up the Top 10 list is prominent banker Tan Sri Azman Hashim, via Arab-Malaysian Corporation, with assets worth RM4.11 billion this year

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“One interesting fact is that since 2002, 81 tycoons have joined the 40 Richest Malaysians list and out of that, 15 have managed to remain on it continuously,” the magazine said in an accompanying release

Out of that, 20 registered growth of more than 10 per cent. There were two returnees to this year's list.

Datuk Tony Tiah of TA Enterprise is at number 38th, with assets worth RM589.14 million, while Tan Sri Rozali Ismail of Puncak Niaga Holdings rounded up the Top 40, with RM543.74 million.

The current top 10 richest Malaysians.

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As in previous years, the wealth of the Top 40 was assessed based on the value of their stakes in listed companies as at Jan 18, 2014. Malaysian Business, the country's premier business magazine, is published by Berita Publishing Sdn Bhd.