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Tuesday, March 4, 2014

TOP 20 MILLIONAIRES IN MALAYSIA



1.  Robert Kuok


Net worth :  $11,500 M
Origin of Wealth : Palm oil/Shipping/Property















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 $11.5 billion on 2014, making him the richest person in Malaysia. 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 Raffles Institution.

2.  Ananda Krishnan


Net worth :  $11,300 M
Origin of Wealth : Telecoms/TV Media










Tatparanandam Ananda Krishnan (born 1938) is a Malaysian businessman and philanthropist. Nicknamed A K, currently he is estimated to have a net worth of US$11.3 billion according to Forbes latest annual list of wealthiest people, making him the second wealthiest in Southeast Asia behind Robert Kuok.
Krishnan’s first entrepreneurial venture was a Malaysian consultancy MAI Holdings Sdn Bhd. 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, Johnston Press Plc), satellite (MEASAT), oil and gas (Bumi Armada, Pexco), telecommunications (Maxis, Aircel, Axis, Sri Lanka Telecom). 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 (67% Maxis Tower etc.)

3.  Lim Kok Thay & family


Net worth :  $6,500 M
Origin of Wealth : Casinos








Tan Sri Dato' Lim Kok Thay, (born 1951) is a prominent entrepreneur in Malaysia. He is the second son of Tan Sri Lim Goh Tong, the founder of the Genting Group and Puan Sri Lee Kim Hua. Tan Sri Lim Kok Thay is the Chairman and Chief Executive of Genting Berhad, the holding company of the Genting Group, a conglomerate which is involved in leisure & hospitality, power generation, oil palm plantations, property development, biotechnology and oil & gas business activities.
He is the co-founder of Genting Hong Kong Limited, formerly known as Star Cruises Limited. Star Cruises, together with Norwegian Cruise Line is the third largest cruise operator in the world, with a combined fleet of 18 ships visiting over 200 destinations in the world, and providing about 35,000 lower berths.
He holds a Bachelor of Science Degree in Civil Engineering from University of London, United Kingdom. He attended the advanced management programme of Harvard Business School, Harvard University, USA in 1979.

4.  Quek Leng Chan


Net worth :  $6,400 M
Origin of Wealth : Banking/Real Estate










YBhg Tan Sri Quek Leng Cha, (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$6.4 billion according to Forbes in 2014.

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.

5.  Teh Hong Piow


Net worth :  $5,600 M
Origin of Wealth : Banking











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$5.6 billion, making him the 5th richest in Malaysia.

6.  Lee Shin Cheng


Net worth :  $4,300 M
Origin of Wealth : Palm oil/Real Estate













Tan Sri Dato' Lee Shin Cheng (born June 3, 1939) is a Malaysian Chinese business magnate who is heavily involved in the plantation industry. Lee Shin Cheng heads IOI Corporation Berhad (or better known as IOI Group) as its executive chairman. IOI 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 in projects include townships, shopping malls, condominiums, office towers and resorts.

7.  Syed Mokhtar AlBukhary


Net worth :  $3,100 M
Origin of Wealth : Diversified









Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary(born 1952) 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$3.1 billion according to Forbes,making him the 7th richest Malaysian. 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 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.

8.  Yeoh Tiong Lay


Net worth :  $2,700 M
Origin of Wealth : Construction/Power/Real Estate









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 $3 billion in cash. He is one of the richest individuals in Malaysia. His family is estimated to have a net worth of US$ 2.8 billion, and he is ranked as the 8th richest person in Malaysia according to Forbes in 2014. 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.

9.  Tiong Hiew King


Net worth :  $1,800 M
Origin of Wealth : Timber/Media















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 is part of Malaysia. With a net worth of about US$1.8 billion, Tiong is ranked by Forbes as the 9th richest person in Malaysia.


10.  Vincent Tan


Net worth :  $1,600 M
Origin of Wealth : Diversified












Tan Sri Dato' Seri Vincent Tan Chee Yioun (born 1952), known simply as Vincent Tan, is a Malaysian businessperson and investor. He is the Chairman and Chief Executive of Berjaya Corporation Berhad, which is in a wide array of businesses which includes golfing, property, resorts, and gambling in a group known as the Berjaya Group.

In 2010, he entered the Forbes billionaire list with an estimated worth of US$1.6 billion and make his the 10th richest person in Malaysia. Tan's success in the Malaysian business sector has been attributed in part to his close association with prominent Malay political figures. In December 1980, Tan purchased Malaysia's McDonald's franchise and in 1985 he bought Sports Toto when the lottery agency was privatised by the government. Tan obtained the license for his lottery business from an non-tendered privatisation in 1985. In 2010 Tan bought a controlling share in the Welsh football Premier League side Cardiff City Football Club and in 2013 Bosnian FK Sarajevo. Tan promised to spend £25m to help Cardiff City establish themselves in the Premier League, and publicly stated his interest in listing his 36.1% stake on the Kuala Lumpur Stock Exchange (KLSE). An IPO (Initial Public Offering) would sell shares in Cardiff City to the public for the first time, in an attempt to gain capital to expand the business.

11.  Shahril & Shahriman Shamsuddin


Net worth :  $1,400 M
Origin of Wealth : Oil & Gas







Tan Sri Dato' Seri Shahril bin Shamsuddin, a Malaysian aged 52, was appointed as President and Group Chief Executive Officer (“CEO”) and to the Board as Non-Independent Executive Director on 9 December 2011. He is also a member of the Board Remuneration Committee. Since talking the helm at SapuraKencana, Tan Sri Dato' Seri Shahril has steered the company into a range of new businesses and projects in Malaysia, Australia, Brazil, Mexico, Vietnam, China, West Africa and several other countries. Prior to the merger between SapuraCrest Petroleum Berhad (“SapuraCrest”) Group and Kencana Petroleum Berhad Group, Tan Sri Dato' Seri Shahril was Executive Vice Chairman and President of SapuraCrest. He was also previously Non-Executive Director and Executive Vice Chairman in the Board of SapuraCrest.  Dato’ Shahriman Shamsuddin, a Malaysian aged 44, was appointed to the Board of SapuraKencana Petroleum as Non-Independent Non-Executive Director on 9 December 2011. Dato’ Shahriman is also a member of Risk Committee of SapuraKencana Petroleum. Dato’ Shahriman was the Non-Independent Non-Executive Director of SapuraCrest Petroleum prior to the merger of businesses between of SapuraCrest Petroleum Group and Kencana Petroleum Group. Dato’ Shahriman began his career with Sapura Group in 1991 and has held a number of key senior positions within the Group. He manages a diversified group portfolio which includes property investment, business aviation and education.Dato’ Shahriman is currently the Managing Director of Sapura Resources Berhad. He is also Executive Director of Sapura Industrial Berhad and Sapura Holdings Sdn Bhd. Dato’ Shahriman holds a Master of Science in Engineering Business from Warwick University, U.K. and a Bachelor of Science in Industrial Technology from Purdue University, U.S.A

12.  Tan Heng Chew & family


Net worth :  $1,350 M
Origin of Wealth : Motor Vehicles












Dato. Tan Heng Chew Tan, DJMK, JP has been an Executive Deputy Chairman of Tan Chong Motor Holdings Berhad since January 1, 1999 and has been its Group Managing Director since July 1, 2012. Dato' Tan joined the Tan Chong group of companies in 1970 and was instrumental in the establishment of the Autoparts Division in the 1970s and early 1980s. He has been Executive Chairman at Warisan TC Holdings Bhd since January 1, 2011. Dato' Tan has been an Executive Chairman of APM Automotive Holdings Berhad since January 1, 2011 and served as its Chairman of the Board since November 1, 1999. He served as Chairman of Warisan TC Holdings Berhad. He has been a Director of Tan Chong Motor Holdings Berhad since October 19, 1985. He has been Non-Executive and Non-Independent Director of Warisan TC Holdings Berhad and APM Automotive Holdings Berhad since March 26, 1997. He also serves as a Director of Tan Chong Consolidated Sdn Bhd. Dato. Tan graduated from the University of New South Wales, Australia with a Bachelor of Engineering (Honours) degree and a Masters degree in Engineering from the University of Newcastle, Australia

13.  Surin Upatkoon


Net worth :  $1,300 M
Origin of Wealth : Telecoms/Lotteries/Insurance















He completed his secondary education in Han Chiang High School, Penang in 1970. He began his career with MWE Weaving Mills Sdn Bhd in 1971 as a manager. He was appointed as the managing director of MWE Spinning Mills Sdn Bhd in 1974 where he was in charge of its daily operations. In 1976, he became an executive director of MWE Holdings. Subsequently, in 1979, he was appointed as the managing director of MWE Weaving Mills Sdn Bhd.In 2000, he was appointed as an executive director of Magnum Berhad (formerly known as Multi-Purpose Holdings Berhad) (“Magnum”) and subsequently, in 2002, he was appointed as the managing director of Magnum where he played a major role in formulating the business strategies and direction of the Magnum Group and was actively involved in the policy making aspects of the operations of the Magnum Group. He played a key role in the expansion and development of MWE Holdings Berhad group as well as the Magnum Group.Prior to the listing of our Company, he ceased to be the managing director of Magnum and is now a non-independent non-executive director of Magnum. He is also a trustee of Chang Ming Thien Foundation and Magnum Foundation.

14.  Chen Lip Keong


Net worth :  $1,250 M
Origin of Wealth : Casinos











Chen Lip Keong is a Malaysian billionaire who has a net worth of $1 billion. Chen Lip Keong is the founder of gaming company NagaCorp, which holds a gambling monopoly in Phnom Penh, Cambodia. He is also the man who controls more than half of NagaWorld complex (listed in Hong Kong in 2006), which is currently the largest casino in Cambodia with a $370 million project, adding a glass-enclosed city walk and tourist garden. As of November 2012, he started the expansion of Naga2, set for a 2015 opening, which will include two new hotels, restaurants, as well as an entertainment complex and shopping area. Furthermore, he pulls the strings in Karambunai, a Malaysia-listed property developer and tourism company. Chen, who trained as a medical doctor before turning to property development, is one of the richest people in Malaysia as of February 2014. He is married with three children.

15.  Mokhzani Mahathir


Net worth :  $1,200 M
Origin of Wealth : Oil & Gas Services










Datuk' Mokhzani bin Tun Dr. Mahathir (born January 1961) is the second son of Former Prime Minister of Malaysia Tun Dr. Mahathir Mohamad and Tun Dr. Siti Hasmah. He was appointed to the Board of SapuraKencana Petroleum on 9 December 2011 as
Non-Independent Non-Executive Director and Vice Chairman. He is also a member of SapuraKencana Petroleum’s Remuneration Committee.Dato’ Mokhzani was appointed to the Board of Kencana Petroleum Berhad (“Kencana Petroleum”) on 25 November 2004 and was the Non-Independent Executive Director and Chief Executive Officer of Kencana Petroleum prior to the merger of businesses between SapuraCrest Petroleum Group and Kencana Petroleum Group. He also served as the Chairman of the Options Committee and a member of the Remuneration Committee of Kencana Petroleum.He began his career in 1987 as a wellsite operations engineer with Sarawak Shell Berhad, working offshore Sarawak on tender assisted drilling rigs. He resigned in 1989 to pursue business opportunities in Kuala Lumpur. By investing in Tongkah Holdings Berhad (listed on the then Kuala Lumpur Stock Exchange), he ventured into the component manufacturing, oil and gas, finance and healthcare sectors. He held positions as the Group Chief Executive Officer of Pantai Holdings Berhad (healthcare) and Group Executive Chairman of Tongkah Holdings Berhad (oil and gas, finance). A divestment exercise in 2001 saw him relinquish all positions and equity in these companies. He established Kencana Capital Sdn Bhd (“Kencana Capital”) as an investment holding company later the same year.
Presently his portfolio of investments through Kencana Capital includes businesses in IT, oil and gas services, automotive trading and distribution, and property development. He is currently the Chairman of Sepang International Circuit Sdn Bhd, which hosts the FIA Formula One World Championship, the FIM Moto GP and is an accomplished GT car race driver. He also serves as Chairman and Non-Independent Non-Executive Director of Opcom Holdings Berhad and a Non-Executive Director of Maxis Berhad (“Maxis”), currently Malaysia’s largest mobile telecommunications company. He also sits on Maxis’ Audit Committee and chairs their Remuneration Committee.
He is a qualified Petroleum Engineer, having pursued his tertiary education at the University of Tulsa, Oklahoma, U.S.A. where he graduated with a Bachelor of Science in Petroleum Engineering.
Mokhzani has been listed as the 15th richest person in Malaysia by Forbes with an estimated net worth of US$1.2 Billion.

16.  Danny Tan Chee Sing


Net worth :  $1,150 M
Origin of Wealth : Real Estate















Mr. Chee Sing Tan, also known as Danny serves as the Chief Executive Officer of Tropicana Golf and Country Resort Berhad. Y. Bhg. Tan Sri Dato' Tan served as Group Chief Executive Officer at Tropicana Corporation Berhad (formerly Dijaya Corporation Berhad) until January 2013. Y. Bhg. Tan Sri Dato' Tan served as Managing Director of Berjaya Corporation (Berjaya Group Bhd) since September 1994. He is a businessman and entrepreneur with extensive experience in Property Development, Restaurant/Resort Management, Insurance, Trading, Gaming and Stockbroking through his interests in various public and private companies. He is the Chairman of Sports Toto Malaysia Sdn Bhd. Y. Bhg. Tan Sri Dato' Tan served as the Chairman of Dijaya Corporation Berhad. He has been an Executive Vice Chairman of TT Resources Bhd since September 7, 2000. He has been Executive Vice Chairman at Dijaya Corp. Bhd since January 2013 and it's Executive Director since July 5, 1995. He has been Deputy Chairman of Berjaya Group Berhad since September 21, 2001. He served as Deputy Chairman at Berjaya Assets Bhd since April 1, 2010 and served as its Director until April 2012. He served as Deputy Chairman of Berjaya Corporation from September 15, 2005 to March 31, 2011 and also served as its Non-Independent/Non-Executive Director until March 31, 2011. He served as Deputy Chairman of Berjaya Land Berhad and served as its Non-Executive Director from December 5, 1990 to March 22, 2011. He served as Deputy Chairman of Berjaya Sports Toto Bhd. He served as Deputy Chairman of Dunham-Bush Malaysia Berhad until June 16, 2006. Y. Bhg. Tan Sri Dato' Tan has been a Director of Berjaya Group Berhad since February 2, 1989. He has been a Non-Independent Non-Executive Director of Cosway Corporation Berhad since May 3, 1990 and Berjaya Capital Bhd since March 2, 1995. He serves as a Director of U Mobile Sdn Bhd. He holds directorships in Bukit Kiara Resort Berhad, Tioman Island Resort Berhad, Berjaya General Insurance Berhad, KDE Recreation Berhad, Berjaya Golf Resort Berhad. He has been an Executive Director at Dijaya Corp. Bhd. since July 5, 1995. He served as a Non-Executive Director of Berjaya Sports Toto Bhd from April 15, 2009 to March 15, 2011. He served as a Director of MTD Capital Berhad from April 2, 1999 to August 12, 2008. He served as a Non-Independent & Non-Executive Director of Dunham-Bush Malaysia Berhad from May 3, 1999 to June 16, 2006.

17.  Goh Peng Ooi


Net worth : $1,100 M
Origin of Wealth : Software















Mr. Goh Peng Ooi founded Silverlake Group in 1989. Mr. Ooi worked with IBM Malaysia for nine years and held senior positions there, lastly as the Sales Manager for Banking and Finance Industry. He worked at Mitsubishi headquarters in Japan before joining IBM, Malaysia. Mr. Ooi served at IBM until 1989. In 1996, he set up Global Innovative Management Partners-ACT Sdn Bhd, which is now a wholly-owned subsidiary of Bolton Bhd. He has been an Executive Chairman of Silverlake Axis Ltd. (formerly, Axis Systems Holdings Limited) since May 23, 2006. He serves as Executive Chairman of Silverlake System at Silverlake Axis Ltd. Previously, he served as Non-Executive Chairman of Silverlake Axis Ltd. from August 23, 2002 to May 23, 2006. He has been Executive Director of Silverlake Axis Ltd. since May 29, 2006 and serves as Director of Silverlake System. He served as Non-Executive Director of Silverlake Axis Ltd. from August 23, 2002 to May 23, 2006. He served as a Non-Independent Non-Executive Director of Bolton Berhad from March 28, 2001 to October 28, 2003. Mr. Ooi has a keen interest in Science and Mathematics and obtained his Bachelor of Engineering (Major in Electronics) at the University of Tokyo on a Mombusho Scholarship in 1980.

18.  Lee Oi Hian & Lee Hau Hian


Net worth  : $1,000 M
Origin of Wealth : Palm Oil/Chemicals/Real Estate















Mr. Oi Hian Lee has been the Chief Executive Officer of Kuala Lumpur Kepong Berhad (KLK) since 1993. Mr. Lee joined Kuala Lumpur Kepong in 1974. In 1988, he was appointed as Managing Director of KLK Group. He serves as the Non-Independent Non Executive Chairman of Batu Kawan Bhd. He served as the Chairman of Kuala Lumpur Kepong Berhad (KLK Group) from 1993 to May 1, 2008. He has been a Director of Batu Kawan Bhd since June 1, 1979 and Director of Kuala Lumpur Kepong Berhad since February 1, 1985. He has been Non-Executive Director of Equatorial Palm Oil plc since February 2014. He serves as a Director of Applied Agricultural Resources Sdn Bhd, Arusha Enterprise Sdn Bhd, Avery Holdings International Inc., Champion Brave Sdn Bhd, Congleton Holdings Sdn Bhd., Di-Yi Sdn Bhd, Davos Life Science Pte Ltd., Gerizim Holdings Pte Ltd., Grateful Blessings Inc., KLK Farms Pty Ltd., KLK Overseas Investments Ltd., Kolb Distribution AG, Kulumpang Development Corporation Sdn Bhd., Malay Rubber Plantations (Malaysia) Sdn Berhad, Mount Gerizim Farms Pty Ltd., Palm-Oleo Sdn Bhd., Perdana Leadership Foundation, Perfect Portfolio (S) Pte Ltd., Perfect Portfolio Sdn Bhd, Royal Perak Golf Club Berhad, Taiko Plantations Sendirian Berhad, Taiko-Straits Developments Sdn Bhd, Wan Hin Investment Sdn Bhd., Wan Hin Plantations Sdn Bhd. ,Yayasan KLK, and Yayasan Tuanku Bainun. He served as a Director of Davos Life Science Sdn Bhd., Star Foundation, Esterol Sdn Bhd., Tan Sri Lee Loy Seng Foundation and Dr. W. Kolb Holding AG. He served as a Non Executive Director of Yule Catto & Co. PLC since 1981. He served as a Non-Executive Director of Synthomer plc since 1981. He serves as the Chairman of the Malaysian Palm Oil Promotion Council, a Member of the Malaysian Palm Oil Board and the Malaysian Cocoa Board. He is deemed connected with Arusha Enterprise Sdn Bhd, a substantial shareholder of BKB and deemed interested in various related parties transactions with the KLK Group. Dato. Mr. Lee is also an Honorary Fellow of the Malaysian Oil Scientists' and Technologies' Association (MOSTA) and Honorary Fellow of the Incorporated Society of Planters (FISP). Mr. Lee graduated from the University of Malaya with a Bachelor of Agricultural Science (Honours) Degree and obtained his Masters in Business Administration from Harvard Business School, USA.

19.  Lim Kang Hoo


Net worth  : $975 M
Origin of Wealth : Real Estate














Mr. LimKang Hoo is a Co-Founder of Ekovest Berhad and serves as its Chief Executive Officer. Mr. Lim has been the Chairman at Ekovest Berhad since November 22, 2010. He serves as the Managing Director at Iskandar Coast Sdn Bhd. Mr. Lim has been an Executive Vice Chairman of Tebrau Teguh Bhd since August 2012. Mr. Lim served as Executive Vice Chairman at Ekovest Berhad from March 30, 1998 to November 22, 2010. Mr. Lim has been an Executive Director of Knusford Berhad since December 7, 2000. He has over 35 years of experience in the construction and machinery related industry. Later he teamed up with Mr. Khoo Nang Seng @ Khoo Nam Seng in 1989 to form Wengcon Equipment Sdn. Bhd. He serves as Director of Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd, Limbongan-Ekovest Management Sdn. Bhd., Iskandar Waterfront Holdings Sdn Bhd., Wira Kristal Sdn. Bhd. and Iskandar Waterfront Development Sdn. Bhd. He has been an Executive Director of Tebrau Teguh Bhd since July 3, 2012. He has been a Non-Independent Non-Executive Director of PLS Plantations Berhad since May 28, 2004 and has been Director of Ekovest Bhd since March 30, 1988. He also serves as a Director of several other private limited companies.

20.  Yaw Teck Seng & Yaw Chee Ming


Net worth  : $950 M
Origin of Wealth : Forestry







Father Yaw Teck Seng and son Yaw Chee Ming took 3 of their listed companies private in 2012 and consolidated assets under Samling Strategic Corp. A closer look at their holdings after that exercise more than triples our estimate of their fortune. Their logging operations from China to New Zealand continue to face intense criticism from environmental groups. They're increasing their focus on property, building townships in the Sarawak city of Miri, Kuala Lumpur and Hanoi. Their Sarawak timber group, Samling, was founded by father, Teck Seng, and is now run by eldest son, Chee Ming. Last year Norway's sovereign wealth fund dumped the shares, citing "severe environmental damage." Fortune slumped on lower profits at unlisted Perdana ParkCity, a township developer in Kuala Lumpur and Hanoi chaired by Yaw Chee Siew, a Singapore rich list member and Chee Ming's brother.