malaysia top 50 richest 2021 malaysia top 50 richest 2021

KUALA LUMPUR (June 3):Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion (about RM370.98 billion) this year, after declining for two years, said Forbes Asia. Since 1891, Shell has played a pivotal role in the development of Malaysia's oil and gas industry. SINGAPORE The combined net worth of Singapore's 50 richest people rose by 25 per cent over the past . The government focuses on helping the 40% of the countys poorest population. DRB-HICOM sold a 49.9% stake in Malaysian car-maker Proton to Chinese auto group Zhejiang Geely in 2017. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from $79 billion a year ago. 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Together with his brother Kuan Kam Peng, they have a collective net worth of $3.8 billion. 1. See the full listhere. PETALING JAYA (June 3): The 22 property-related players featured in Forbes Malaysia 50 Rich List 2021 has a collective net worth of US$44.47 billion (RM183.4 billion), according to the latest Forbes Malaysia Rich List 2021 which was released today. Although the Forbes Malaysia Rich List has been declining for the past two years, the 2021 list saw the collective net worth amounting to US$90 billion, a rebound by 14% from US$79 billion in the previous year. While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, Malaysia's richest saw their combined wealth rise 14% to nearly $90 billion, after two years of decl. Subscribe to ourTelegramchannel for the latest stories and updates, "Together, we will drive sustainability by delivering a quality indoor environment, which is an integral part of residents' live, learn, work and play experience in a self-contained and sustainable township. As the only woman to have made it on this year's Forbes Malaysia's Top 50 Richest list, Puan Sri Datin Chong Chook Yew has earned the number one spot on our list. 10 with $2.7 billion. The minimum net worth to make the list this year was US$315 million, up from US$255 million last year. 2023 Forbes Media LLC. Sugar King Robert Kuok is now the world's 171st richest man compared to his position of 141 in 2020. Stock Symbol : PCHEM [5183] Market Cap : RM66.080 billion Revenue : RM23.025 billion Net Profit : RM7.319 billion. Palm oil plantation, shipping and property, Oregon Group, Media Chinese International and Rimbunan Hijau Group, Property development, media and forestry concessions, Tan Sri Datuk (Dr) Francis Yeoh & siblings, property, construction, financial services. The pandemic took its toll on 19 listees, whose fortunes fell. Today, the bank is seen as one of the most profitable organizations in the region as well as among the most stable. Robert Kuok continues to top the list. Robert Kuok remains the richest Malaysian while the newcomers on the billionaires' list include WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming. He passed away in June 2019 and his sons, Lee Yeow Chor and Lee Yeow Sing took over as Group Managing Director of IOI Corporation and Executive Vice Chairman of IOI Properties respectively. 2021. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. The richest Malaysian today is none other than Mr Robert Kuok who despite having a small dip in his fortune in 2016 is still at the peak with wealth amounting to $12.1 billion. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. KUALA LUMPUR: Tycoons on the 2021 Forbes Malaysia Rich List have seen a rebound in their collective wealth as it rises 14 per cent to nearly US$90 billion this year, after declining for two years. Here's all that you need to know about Malaysia's top 10 employers in 2021 and their top 3 EVP drivers. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who dont reside in the country but have significant business or other ties to the country. 1. shell. Interested in new property launches in Malaysia? Tan Sri Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. File picture by Mukhriz Hazim, Blinks are all systems go for a fabulous Blackpink concert, some arriving as early as 7am at Bukit Jalil, EPF refuses another round of withdrawal, says Bumiputera savings dropped 70pc during pandemic, After Pejuang applies to join Perikatan, Dr Mahathir says Mukhriz can do whatever he likes, Azalina: I wasn't involved in reappointing Idrus Harun as AG, Want to help flood-hit Chaah? 8, US$3.5 billion) of Top Glove, ranked in the top ten. Tan Sri Dr. Chen Lip Keong is the man behind NagaWorld, the casino license holder in Phnom Penh, the capital of Cambodia. 10 with US$2.7 billion. The company went public in October 2020 (amidst the COVID-19 pandemic) that pushed its net worth to $2.7 billion. Next on the list is Hong Leong Group's Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. . Not everything has to be reinvented from scratch. The richest man in Malaysia for so many years running is one of the most, The blockchain industry has been moving very rapidly across the world in the past few years and Malaysia is not any different. Yeow Chor and Yeow Seng are the sons of the late Tan Sri Lee Shin Cheng, a business magnate and philanthropist who founded IOI Group - a conglomerate that focuses on palm oil plantation, property, retail and hospitality. Malaysia's 50 Richest. ServiceNow general counsel Russ Elmer on the transformative power of legal dashboards. The company started in 1986 with $50,000 and has since grown to become the largest integrated aluminum producer in Southeast Asia. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges; Full List: The World's Highest-Paid Actors . Parth Jindal, representing JSW, . Nevertheless, some of the businesses have emerged as winners due to the pandemic, for instance, glove makers. Seven from last years list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in air travel. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. This is a BETA experience. The Forbes brand today reaches more than 140 million people worldwide every month through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. See the full list here. With a net worth of $5.3 billion, Teh is associated with his stake in the third-largest banking group based on assets in Malaysia, Public Bank Berhad. Queks wealth comes mostly from his stakes in Hong Leong and he is involved in real estate and food businesses as well. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No 8, US$3.5 billion) of Top Glove, ranked in the top ten. Prosecutors had been considering whether to retry Syed or drop the charges. Taking into account population figures makes a big difference in how a country is ranked for its wealth. O. vercoming pandemic pains and the impact of flash floods in December, Malaysia's economy grew 5% in . 5 Profiles of the 100 richest people in Indonesia, the latest of Forbes version 2 with $9.6 billion. The complete list can be found here, as well as in the latest issue of Forbes Asia, available on newsstands now. Lim, 70 was ranked No 11 on Forbes Malaysia's 50 Richest 2021 and Billionaires 2021. (Photo by Reuters). The cutoff for the list increased to $315 million from $255 million last year. In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. of Pages: 121. But the country is now grappling with a surge of Covid-19 cases. GDP per capita is often . Forbes champions success by celebrating those who have made it, and those who aspire to make it. They were Tan Eng Kee (at No. The Performance Management and Delivery Unit (PEMANDU), which is an agency under the Prime Minister Department manages the Malaysian initiative of the Economic Transformation Programme. 7 withUS$3.8 billion) of Hartalega Holdings Bhd and Tan Sri Dr Lim Wee Chai (at No. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from US$79 billion a year ago. The rising number of daily new cases in recent months and the reinstatement of movement control order (MCO) have added uncertainties to the economic recovery. Jakarta - Forbes Indonesia released the newest 100 richest people in Indonesia in 2020. However, it's not all bad news . 22, $965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Ng Chai Eng (No. He had since retired and is now non-executive chairman of the bank. Whether you are looking to buy or rent properties, we have the most comprehensive property listings in Malaysia, for all popular property types in the market - condominiums and apartments, landed properties, residential land and commercial properties. 2 with $9.6 billion. Yeow Chor is the group managing director and chief executive of IOI Corp while Yeow Seng is the executive vice chairman of IOI Properties. The other two property tycoons in the top ten list are brothers Datuk Lee Yeow Chor and Lee Yeow Seng of IOI Group at sixth place with a net worth of US$4.9 billion. All Asian Countries From Poorest To Richest Ranking.We are going to rank all the Asian countries by by their GDP nominal per capita. They are Tan Eng Kee (No. They are the Tan brothers of MR DIY Group (M) Bhd, Tan Sri G. Gnanalingam of Westports Holdings Bhd, and Tan Eng Kee of Greatech Technology Bhd.. Why is Polygon, All rights reserved. Subscribe to Forbes Asia. Report Description; Table of Contents; The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. This button displays the currently selected search type. Seven from last year dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times . malaysian-richest-1. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year. Share to Linkedin. Here are the top 20 richest countries in Asia based on GDP per capita taken from 2019 data listed by World's Richest Countries that is taken from statistics of the International Monetary Fund. 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No. 14, US$1.4 billion), who controls Kossan Rubber Industries with his siblings, and Stanley Thai (No. 9. JUNE 08, 2022, 06:00 PM. Next are Tan Sri Lim Wee Chai at #859 (Top Glove, US$3.5 billion), Tan Sri Lim Kok Thay at #1,174 (Genting, US$2.7 billion), Datuk Seri Lau Cho Kun at #1,444 (Hap Seng, US$2.2 billion), Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion) and Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion). Forbes' 36th annual ranking of the world's richest in 2022 saw a total of 2,668 billionaires on the list compared to the 2,755 featured last year. Two men involved in Jalan Ipoh crash test positive for drugs, Pemandu, penumpang positif dadah sebabkan kemalangan di Jalan Ipoh ditahan, Mbappe breaks Cavani record to become PSGs all-time leading scorer, Banjir: Demi kelangsungan hidup, peniaga burger teruskan perniagaan, Marianne Williamson formally announces bid for us presidency in 2024. Shares in Press Metal Aluminium Holdings Bhd were up as metal prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to the third place with a net worth of US$6.4 billion. The List; . But the country is now grappling with a surge of Covid-19 cases. The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades. Koon Poh Ming is the Group Chief Executive, Koon Poh Ming is the executive vice-chairman while the executive director post is held by Koon Poh Weng. According to Forbes Asia, five of them were among the 50 richest, with two, Kuan Kam Hon (at No. Meet Malaysia's richest and find out how much they're worth. Price: Single User License: US $ 2900 . Robert Kuok-$11 billion. There are five newcomers on this years list. The allure of Europe prevails in 2023, with European residence and citizenship by investment programs retaining the top spots in Henley & Partners' latest rankings of the most sought-after investment migration programs in the world. Lim, 67, is the world's 436th richest man and Malaysia's seventh richest man, with a total wealth of 18.25 billion ringgit, according to . The wealthiest of Mexico's 38 billionaires, Carlos Slim Hel reigned supreme as the world's richest person between 2010 and 2013, when he was knocked off the top spot by Bill Gates. Quek Leng Chan, the second-generation head of the privately held Hong Leong group, remains at No. The Wealth Of Malaysias Glove Producers Plunges As Pandemic Recedes, An Era Ended At AmBank When Veteran Banker Azman Hashim Stepped Down As Chairman, Unfazed By Lower Earnings, Brothers Behind Packaging And Property Firm Scientex Double Down On Expansion, Malaysias 50 Richest 2022: Combined Wealth Declines To $80.5 Billion, Strong Demand, Global Disruptions Boost Fortunes Of Malaysias Palm Oil Tycoons, Mixed Blessing: Rising Commodity Prices Give A Boost To Malaysias Budget, Malaysias Wealth Creation: Future Opportunities Lie In Digital And Services, Former HP Engineers Team Up To Find Defects In High-Tech Gear. IHH is one of the largest healthcare groups in the world by market capitalisation and are listed on the Main Markets of Bursa Malaysia and the Singapore Stock Exchange. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. 2) Tan Sri Quek Leng Chan; US$9.6 billion, 3) Tan Sri Koon Poh Keong & siblings; US$6.4 billion, 4) Tan Sri Ananda Krishnan; US$5.8 billion, 6) Datuk Lee Yeow Chor & Yeow Seng; US$4.9 billion, 9) Tan Sri Chen Lip Keong; US$3.4 billion. As of April 2021, the magnate is the wealthiest individual in Malaysia and 104th in the world . Fortunes often include assets owned by other family members. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. Koon Poh Keong & siblings; $6.4 billion. Undoubtedly, influencers have become one of the most important and effective partners for marketers. By Advertising.my, Cryptocurrency Trading in Malaysia(Bitcoin Exchanges), Tan Sri Dato Lee Oi Hian & Dato Lee Hau Hian, Robert Kuok now among the 100 richest in the world, Malaysia National Blockchain Infrastructure to roll out from new partnership, JCB to roll out trial CBDC with IDEMIA and Malaysias Soft Space, Polygon A Cheaper and Faster Platform for Ethereum. Petronas Chemicals Group Berhad. Today, Top Glove produces more than 100 billion gloves from its 50 factories and is among the largest producers in the world. Returning to the list were Tan Sri Lim Kuang Sia (at No. 37, $450 million) and Lau Chee Kheong (No. Established in 1960, Maybank is the largest company in Malaysia with RM46 billion revenue generated in 2020, followed by TNB (RM45 billion), and Sime Darby (RM38 billion). 11, $2.55 billion). None of them, however, were wealthy enough to dislodgeRobert Kuokfrom his long-held perch as No. Lee Yeow Chor & Yeow Seng ranked 6th with a personal wealth of $4.8 billion, followed by Lim Wee Chai with $4.3 billion. Kuan started out in construction back in 1969 after dropping out of school and then started Timol Weaving some 10 7ears later. This takes the full utilization of your martech stack and knowing the tools you can draw out from it. You may opt-out by. Thailand's 50 richest on the 2021 Forbes list, led by the Chearavanont brothers, did well during the Covid-19 pandemic, with $28 billion added to their combined wealth over the past 15 months. This story appears in the June 30, 2021 issue of Forbes Asia. "Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. Malaysia's pandemic-hit economy, which contracted 5 . The Tan brothers, Tan Yu Yeh and Tan Yu Wei, have estimated net worths of US$1.8bil and US$1.1bil respectively, whereas Tan Sri G . 10 spot as the richest newcomers on the list. Robert Kuok, a business magnate who presides over a property and commodities empire, remains at the top of the list with a net worth of US$12.2 billion. KUALA LUMPUR, April 7 Malaysia's "Sugar King" Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes' annual World's Billionaires List.. Click here for the detailed list of Forbes Malaysia Rich List 2021. SINGAPORE (June 3, 2021) Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after declining for two years. Copyright 2020 FORTUNE.MY. Among them were brothers Tan Yu Yeh and Yu Wei of MR DIYGroup (M) Bhd, a listed home improvement chain. This story appears in the June 30, 2021 issue of Forbes Asia. 20, $1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. COMBINED WEALTH OF MALAYSIA'S TOP 50 RICHEST TYCOONS PLUNGE 10% - SUPERMAX'S HUSBAND & WIFE DUO STANLEY THAI & CHERYL TAN HIT THE . Among the hardest hit were casino mogulsChen Lip KeongandLim Kok Thay. Robert Kuok continued to top the list. The bulk of his wealth comes from stakes in DRB-HICOM and MMC Corp. MMC's operations span ports, logistics, construction and engineering while DRB-HICOM is an automotive firm with interests in property and education. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. Tel: +603-7784 6688 Fax: +603-7785 2624 / +603-7785 2625, Level 4, Lot 6 Jalan 51/217,46050 Petaling Jaya, Selangor,Malaysia. 14 with US$1.4 billion), who controls Kossan Rubber Industries Bhd with his siblings, and Datuk Seri Stanley Thai (at No. In 2021, we see Top Glove joining its fellow glovemaker Hartalega in the Top 10 for the first time, while the MR DIY brothers secured the No. Returning to the list are Tan Sri Lim Kuang Sia (No. He retired in 2019 as the non-executive chairman of the group. #19 Tiong Hiew King & family on the 2022 Malaysia's 50 Richest - Tiong Hiew King holds forestry concessions in 16 countries as well as property, oil-and-gas, Collective net worth of Malaysia's richest rebound 14% yoy Ranking Name Net worth (US$, billion) 1 Tan Sri Robert Kuok 12.2 2 Tan Sri Quek Leng Chan 9.6 6 Datuk Lee Yeow Chor & Lee Yeow Seng 4.9 9 Tan Sri Chen Lip Keong 3.4 Contents1 Who is the richest person [] His success came through the Hong Leong business which was started back in the 1920s by his father and has 2 other brothers. 49 with US$325 million), a co-founder of ViTrox Corp Bhd, a maker of high-precision machine inspection systems. Copyright 2023 Sun Media Corporation Sdn. Gavin Pereira - 23rd September 2019 . KUALA LUMPUR, April 7 Malaysias Sugar King Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes annual Worlds Billionaires List. Malaysia's 50 Richest 2022: Combined Wealth Declines To $80.5 Billion A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year . Seven from last years list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Tan Sri Chen Lip Keong, founder of Hong Kong-listed NagaCorp Ltd which owns and manages the largest hotel and gaming resort in IndoChina NagaWorld takes the ninth place with a net worth of US$3.4 billion. The No 2 on the list is Tan Sri Quek Leng Chan with a net worth of US$9.6 billion. Join ourTelegramchannel to get the latest news and financial freedom tips, The name Robert Kuok is one that needs no introduction. By launching ads on YouTube, a marketer may reach almost 24 million Malaysians. As in the previous year, according to Forbes magazine's own research, the Hartono brothers still held the first position. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. Selangor, the country's richest and most populous state, has reported well over a thousand new COVID-19 cases daily since May 5, making up at least a quarter of the daily cases nationally . For more information, visit www.forbes.com/malaysia . He started the company with his wife Tong Siew Bee in 1991 to produce rubber gloves and has never looked back since it went 10 years after that. 1) Robert Kuok Hock Nien. 20. According to Forbes, he overtook Bishop T.D jakes to claim this spot due to his many investments. 38, US$445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. Building a well-established brand is key to creating a loyal client base and gaining investment in any business. 3. Among the hardest hit were casino moguls Chen Lip Keong (No. Malaysias Economic Transformation Programme, made the country appear in the financial news again. The next top five richest Malaysians in descending order according to the list are: Tan Sri T. Ananda Krishnan at #476 (Astro, US$5.8 billion . 03-06- 2021 09:35 AM. At the age of 97, the billionaire has a variety of business activities which he has been involved with such as palm oil and shipping. This story is part of Forbes' coverage of Malaysia's Richest 2021. Subscribe to EdgeProp.my's weekly property round-up and stay on top of real estate news, latest listings and events. It comes with a guaranteed monopoly until 2035 and is the largest casino resort in that region. For more information, visit the Forbes News Hub or Forbes Connect. Like . Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). The other four new entrants are all based in Penang, a busy tech hub, which benefited from US-China trade tensions as global companies sought to diversify supply chains. Kuala Lumpur Kepong Berhad is a Retail company incorporated in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad with a market capitalisation of approximately RM21.687 billion at the end of September 2021. China - $19,520. More than 200,000 sale/rent listings and daily property news. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. In a pandemic year, as global demand for such protective gear exploded, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. managing director, and CEO of Farm Fresh, has made his debut on the Malaysia's 50 Richest list by Forbes this . Full Coverage of Malaysias Richest 2021: Reporting by Megha Bahree, Muhammad Cohen, Sean Kilachand, Nicole Lindsay, Anis Shakirah Mohd Muslimin, Suzanne Nam, Anuradha Raghunathan and Jessica Tan. The per capita annual income of the richest 0.1 percent was 1.85 billion won (US$1.4 million) in 2021, 69.5 times more than the 26.6 million won earned by those in the middle of the income bracket. Rounding up the next order of billionaires are: Tan Sri Jeffrey Cheah at #2,263 (Sunway Group, US$1.3 billion), Tan Sri Syed Mokthar Albukhary at #2,378 (MMC Corp, DRB HICOM, US$1.2 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion) and Tan Sri Surin Upatkoon at #2,674 (US$1 billion). 10 with US$2.7 billion. The only property app you need. Bhd. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from US$79 billion a year ago, it said. Returning to the list are Lim Kuang Sia (No. THREE NEWCOMERS IN TOP 50. Measat of course is the operator of Astro. 11 with US$2.55 billion). The United States still has the most billionaires with 724 individuals, but is followed closely by China with 698 billionaires. According to the latest edition of the Forbes Malaysia Rich List, the country's wealthiest individuals experienced a 14% growth in their total net worth to nearly US$90bil this year following two . As the only woman to have made it on this year's Forbes Malaysia's Top 50 Richest list, Puan Sri Datin Chong Chook Yew has earned the number one spot on our list. Age: 98 years old. Prosecutors are seeking a new trial for Syed, who was convicted of murdering his ex-girlfriend when he was 17 and whose story was featured on the popular podcast Serial, the Wall Street Journal reported. His businesses have already expanded and performing well in other countries in the region which include Cambodia, Laos, Sri Lanka, Vietnam, Hong Kong and China. CLICK HERE FOR THE FULL INTRODUCTION AND METHODOLOGY, Unfazed By Lower Earnings, Brothers Behind Packaging And Property Firm Scientex Double Down On Expansion, An Era Ended At AmBank When Veteran Banker Azman Hashim Stepped Down As Chairman, The Wealth Of Malaysias Glove Producers Plunges As Pandemic Recedes, Mixed Blessing: Rising Commodity Prices Give A Boost To Malaysias Budget, Strong Demand, Global Disruptions Boost Fortunes Of Malaysias Palm Oil Tycoons, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information.