20 NTREPRENEUR 20 NTREPRENEUR SUCCESSFUL IN MALAYSIA 1. ROBERT KUOK
Net Worth $12 billion Age 86 Marital Status Married, 8 children Source diversified Biggest dollar gainer, up $3 billion. Stock of most valuable holding, ho lding, palm oil outfit Wilmar International, run by nephew, rose 46% in past year but dropped more than 10% in the days after net worths were locked in, following allegations in the media that t hat Indonesian subsidiaries were being scrutinized for obtaining fraudulent tax refunds. The company said it was confident con fident that there is no case. Kuok recently sold several assets including sugar businesses, stake in Jerneh Insurance, prime land in Kuala Lumpur. Reportedly spends most of his time in Hong Kong.
2. ANANDA KRISHNAN
Net Worth $8.1 billion Age 72 Marital Status Married, 3 children Source telecom Former oil trader's most valuable asset is Maxis Communications, nation's largest cellphone service provider, which went public in November, raising $3.4 billion in Malaysia's largest-ever IPO. His telecom interests in Indonesia and India still privately held. Plans to take his satellite satellite TV broadcaster, Astro All Asia Networks, private. Reportedly mulling listing of shipping arm Bumi Aramada. So ld interest in property firm Overseas Union Enterprise to partner, Indonesia's Lippo Group.
3. LEE SHIN CHENG
Net Worth $4.6 billion Age 71 Marital Status Married, 6 children Source palm oil Heads IOI Group, one of world's leading operators of palm oil refineries. Reportedly investing $300 million to expand.
4. LEE KIM HUA
Net Worth $3.9 billion Age 81 Marital Status Widow, 6 children Source gaming Widow of casino magnate Lim Goh Tong. Net worth up $1.4 billion as stocks of family's Genting and Genting Hong Kong (previously named Star Cruises) both rose nearly 50% in the past year.
5. QUEK LENG CHAN
Net Worth $3.85 billion Age 69 Marital Status Married, 3 children Source diversified His most valuable asset is his Hong Kong-listed Guoco Group. His Hong Leong Bank is bidding for EON Capital, Malaysia's seventh-largest bank; board just voted to recommend deal to shareholders. Took Hume Industries²cement, concrete, steel company²private t his year. Recently paid $14 million for a penthouse in Singapore.
6. TEH HONG PIOW
Net Worth $3.8 billion Age 80 Marital Status Married, 4 children Source banking Former bank clerk founded Public Bank in 1966 with profits from real estate deal; now nation's third-largest banking group. Also has operations in Cambodia, China, Vietnam, Laos and Sri Lanka. Teh underwent minor surgery in 2009 and is back at work.
7. YEOH TIONG LAY
Net Worth $2.5 billion Age 80 Marital Status Married, 7 children Source diversified Founder of YTL Corp., one of Malaysia's largest conglomerates. Group recently took full control, from Australia's Macquarie Group, of Starhill Global REIT, which owns ret ail properties in Malaysia and Singapore. Also owns PowerSeraya, Singapore's second-largest power generator. Eldest son, Francis, has run o perations for over 2 decades.
8. SYED MOKHTAR AL-BUKHARY
Net Worth $1.7 billion Age 58 Marital Status Married, 5 children Source diversified Former rice trader gets bulk of fortune from Malaysia Mining Corp. (MMC), through which he holds concessions to operate a port and an airport in Johor; owns stake in power producer Malakoff. Through listed Tradewinds, recently took over national rice supplier Padiberas Nasional. Owns Harrods in Malaysia. Sponsors the Islamic Arts Museum Malaysia.
9. VINCENT TAN
Net Worth $1.6 billion Age 58 Marital Status Married, 11 children Source diversified His Berjaya Group operates Wendy's, Starbucks, Papa John's Pizza in Malaysia; water, sewage treatment and landfills in Malaysia, Indonesia and China; develops properties in Vietnam, Japan. Bought social networking website Friendster.com; also a U.K. soccer team. Selling his stake in Ascot Sports, which was recently reissued its betting license, to his publicly traded Berjaya Sports for $160 million.
10. TIONG HIEW KING
Net Worth $1.2 billion Age 75 Marital Status Married, 4 children Source timber His Rimbunan Hijau has interests in palm oil, timber and property in Malaysia, New Zealand and Papua New Guinea. Owns Media Chinese International, with 6 dailies and 30 magazines in North America, Southeast Asia and China. Pending shareholder approval, will sell his stake in EON Capital, one of Malaysia's smallest banks, to Quek Leng Chan's Hong Leong Bank.
11. AZMAN HASHIM (AMBANK)
A horrible car accident almost wrecked his life, but Tan Sri Azman¶s never-say-die attitude eventually rewarded him with larger than life achievements. With good academic background in accounting field, Azman was quick to maneuver his career along the corporate path, joining several established corporations in the process. Since acquiring Arab Malaysian Bank (now Ambank), Azman is credited for his effort to transform a relatively unkown bank into one of the largest financial institutions in the country.
12. LEE OI HIAN & LEE HAU HIAN
Net Worth $560 million Age 59/56 Marital Status Married, 4 children/Married, 1 child Source diversified Siblings inherited control of Batu Kawan, with interests in palm o il and chemicals, from late father. Younger brother is group's managing directo r. Older brother is nonexecutive chairman and also chief executive of its listed subsidiary, Kuala Lumpur Kepong, which owns personal care products maker Crabtree & Evelyn.
13. YAW TECK SENG & YAW CHEE MING Net Worth $480 million Age 72/50 Marital Status Married, 8 children/Married Source forestry Father founded forestry group Samling almost half a century ago. Eldest son, Yaw Chee Ming, runs group, which owns 3 million hectares in China, New Zealand, Australia, Guyana; produces logs, plywood, veneer. Fortune includes only holdings of these 2 Yaws; another son Yaw Chee Siew runs Singapore's Otto Marine and will be included among its richest.
14. LIM WEE CHAI
Net Worth $470 million Age 52 Marital Status Married, 2 children Source rubber gloves His Top Glove is world's largest producer of rubber gloves by capacity; its stock more than doubled in past year despite rising raw material costs. Tan Sri Dato Sri Lim Wee-Chai is a Malaysian entrepreneur. He was appointed as the Chairman of Top Glove Corporation Berhad on 4th. September 2000. He is the Founder of Top Glove Corporation Berhad which was established in 1991 and listed on the Bursa Malaysia Securities Berhad on 27th. March 2001.
Tan Sri Dato Sri Lim Lim was the Sales Manager of a subsidiary company of OYL Industries bhd. In 1991, he set up Top Glove Sdn. Bhd, his own glove manufacturing and trading business with only three (3) production lines and has expanded the business to be the world's largest Rubber Glove Manufacturer with 355 production lines in nineteen (19) glove factories based in Malaysia, Thailand and China. He has worked for over 20 years in the rubber and latex manufacturing industry.
15. WILLIAM H. J. CHENG (LION DIVERSIFIED HOLDINGS BERHAD)
Net Worth $430 million Age 67 Marital Status Married, 3 children Source retail Head of diversified Lion Group upped his stake in his most valuable holding, Parkson, retailer he heads with department stores in 26 cities in China. Expanding in Vietnam; plans to o pen stores in Cambodia and Indonesia by late next year. Married to former Chinese pop singer.
16. GOH PENG OOI
Net Worth $425 million Age 55 Marital Status Married, 2 children Source software Former IBM employee founded Silverlake Axis, which pro vides banking and financial services software, in 1989. Sold 2 of his privately owned affiliates to company in March in $200 million stock deal, which boosted his stake in firm to 95%.
17. LIM KOK THAY
Net Worth $360 million Age 58 Marital Status Married, 3 children Source gaming Son of Lee Kim Hua (No. 4), has run family's leisure, casino group Genting since 2003. This year opened resort complex on Singapore's Sentosa Island; so far has 4 hotels, a Universal Studios theme park and a casino. Group also biggest casino operator in U.K.
18. JEFFREY CHEAH
Net Worth $350 million Age 65 Marital Status Married, 3 children Source real estate Chairs Sunway Group, conglomerate with hotel, education, health care, infrastructure interests. Its property developer, Sunway City, codeveloping nearly 100 acres in eco-city in Tianjin, China. A Caribbean subsidiary was recently awarded a reported $300 million contract for a government building in Republic of Trinidad and Tobago.
19. ANTHONY FERNANDES
Net Worth $330 million Age 46 Marital Status Married, 2 children Source airlines Head of AirAsia, region's largest budget airline. Its 49%-owned affiliate, T hai AirAsia, likely to go public. He also runs long-haul discount airline AirAsia X, which added routes to India and Korea this past year. Attempting to enter Vietnam through a joint venture with a local airline. Started mobile service Tune Talks in 2009. Has stake in Lotus Racing, Malaysia's F1 team that started last year.
20. G. GNANALINGAM
Net Worth $320 million Age 65 Marital Status Married, 3 children Source port Cofounder of port operator Westports Malaysia. Also has stakes in Kuala Lumpur Sentral, developer of city's transit hub; Pelikan International, which sells writing instruments; logistics firm, Konsortium Logistik. Has offered to take over financially troubled Maika Ho ldings, investment arm of political party, Malaysian Indian Congress.
