ID :
107036
Wed, 02/17/2010 - 12:56
Auther :
Shortlink :
https://oananews.org//node/107036
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MALAYSIA`S RICHEST RECORD BETTER FORTUNES LAST YEAR, MAGAZINE SURVEY REVEALS
KUALA LUMPUR, Feb 16 (Bernama) -- Malaysia's 40 richest people recorded an
increase in their fortunes as they were collectively worth RM156.7 billion as at
Jan 15, or 63 per cent more than the RM96.3 billion a year ago, on the back of a
recovery in the stock market, a "Malaysian Business" survey reveals.
However, according to the fortnightly magazine's survey results released in
a statement today, their combined wealth was still less than the RM171.9 billion
recorded in 2008.
The benchmark FBM KLCI has risen 44.3 per cent since its last survey as the
world strives to get back on its feet following the global financial crisis.
The full list of the 40 tycoons and details of their wealth were published
in the magazine's Feb 16 issue. As in the previous year, the wealth of the Top
40 was assessed based on the value of their stakes in listed companies as at Jan
15 this year.
The survey also revealed that close to half on this year's list recorded
jumps of 50 per cent or more. There are also more billionaires this year - 22,
eight more than last year.
Robert Kuok, the Kuok Group patriarch who relinquished his "Sugar
King" crown last year, still tops the list with a wealth of RM42.76 billion
(US$1=RM3.4), up
RM16.1 billion from RM26.6 billion a year ago.
Media-shy and telecommunication tycoon Ananda Krishnan ranked second,
clocking in at RM27 billion.
IOI Corporation Bhd's Lee Shin Chen was third with a wealth of
RM11.92 billion, followed by prominent banker Teh Hong Piow at RM10.86
billion.
Genting Group's Lim Kok Thay, valued at RM10.38 billion, leapt a
full 10 spots to five. This was because he assumed a large chunk of the wealth
of his late father, Lim Goh Tong.
Hong Leong Group's Quek Leng Chan took the sixth spot at RM7.09
billion while Syed Mokhtar Albukhary of the Albukhary Foundation, valued
at RM6.01 billion, settled at seventh.
Others in the Top-10 ranking were Lim Goh Tong's widow Lee Kim Hua,Tiong
Hiew King of Rimbunan Hijau Group and Vincent Tan of
Berjaya Group.
There were five newcomers to the list, namely Lee Swee Eng of KNM Group,
brothers Shahril Shamsuddin and Shahriman Shamsuddin of Sapura, Nazir Razak of
CIMB Group and OSK Holdings' Ong Leong Huat, who makes a comeback
to the list after a one-year absence.
-- BERNAMA
increase in their fortunes as they were collectively worth RM156.7 billion as at
Jan 15, or 63 per cent more than the RM96.3 billion a year ago, on the back of a
recovery in the stock market, a "Malaysian Business" survey reveals.
However, according to the fortnightly magazine's survey results released in
a statement today, their combined wealth was still less than the RM171.9 billion
recorded in 2008.
The benchmark FBM KLCI has risen 44.3 per cent since its last survey as the
world strives to get back on its feet following the global financial crisis.
The full list of the 40 tycoons and details of their wealth were published
in the magazine's Feb 16 issue. As in the previous year, the wealth of the Top
40 was assessed based on the value of their stakes in listed companies as at Jan
15 this year.
The survey also revealed that close to half on this year's list recorded
jumps of 50 per cent or more. There are also more billionaires this year - 22,
eight more than last year.
Robert Kuok, the Kuok Group patriarch who relinquished his "Sugar
King" crown last year, still tops the list with a wealth of RM42.76 billion
(US$1=RM3.4), up
RM16.1 billion from RM26.6 billion a year ago.
Media-shy and telecommunication tycoon Ananda Krishnan ranked second,
clocking in at RM27 billion.
IOI Corporation Bhd's Lee Shin Chen was third with a wealth of
RM11.92 billion, followed by prominent banker Teh Hong Piow at RM10.86
billion.
Genting Group's Lim Kok Thay, valued at RM10.38 billion, leapt a
full 10 spots to five. This was because he assumed a large chunk of the wealth
of his late father, Lim Goh Tong.
Hong Leong Group's Quek Leng Chan took the sixth spot at RM7.09
billion while Syed Mokhtar Albukhary of the Albukhary Foundation, valued
at RM6.01 billion, settled at seventh.
Others in the Top-10 ranking were Lim Goh Tong's widow Lee Kim Hua,Tiong
Hiew King of Rimbunan Hijau Group and Vincent Tan of
Berjaya Group.
There were five newcomers to the list, namely Lee Swee Eng of KNM Group,
brothers Shahril Shamsuddin and Shahriman Shamsuddin of Sapura, Nazir Razak of
CIMB Group and OSK Holdings' Ong Leong Huat, who makes a comeback
to the list after a one-year absence.
-- BERNAMA
