Home > Community > list > Malaysia's 40 Richest(21~30)

Malaysia's 40 Richest(21~30)

Published: 11 Aug 2009 22:02:13 PST

Chen Lip Keong
Net Worth $195 million
Age 61
Marital Status NA
Source gaming
Founded NagaCorp in 1995, the year he obtained 70-year gaming license in Cambodia; eventually built country's largest gaming resort, NagaWorld. Listed in Hong Kong in 2006. Serves as economic advisor to Cambodia's prime minister. Controlling shareholder and president of Malaysia tourism company, Karambunai. Trained medical doctor, headed Composite Technology Research, aerospace outfit owned by Malaysian government, for 7 years.


Lee Swee Eng
Net Worth $190 million
Age 53
Marital Status Married
Source oil services
Runs KNM Group, which provides services and equipment to oil and gas industry; stock dropped by more than half in past year. In September announced joint venture with France's Prosernat to form KPN Gas Technology. Fortune includes shares belonging to wife, Gan Siew Liat, head of human resources.


Jeffrey Cheah
Net Worth $185 million
Age 64
Marital Status Married, 3 children
Source real estate
Accountant started local tin mining outfit in 1974. Became Sunway Group, with interests in property, infrastructure, education, hotel and health care. Bulk of fortune held in property arm Sunway City, which is expanding in China and India.


Lim Wee Chai
Net Worth $180 million
Age 51
Marital Status Married, 2 children
Source rubber gloves
With his wife, spent $180,000 in savings in 1991 to start a business trading rubber gloves. Later moved into manufacturing. Now his Top Glove is one of world's largest producers, with 850 customers in 180 countries; claims to have 24% global market share. Apparently benefiting from aging population, medical threats like swine flu. Shares up 12% in past year, more than 50% year-to-date; fortune down because of lower value of personal property.


Ahmayuddin bin Ahmad
Net Worth $175 million
Age 52
Marital Status Married, 4 children
Source port
Board member of both transit hub KL Sentral and Westports, the port he cofounded with G. Gnanalingam (No. 13) and which counts Li Ka-shing's Hutchison Whampoa as an investor.


Lee Hau Hian
Net Worth $174 million
Age 55
Marital Status Married, 1 child
Source diversified
Son of late rubber baron Lee Loy Seng is managing director of Batu Kawan and board member of KLK, which brother Lee Oi Hian runs. Batu Kawan's stock has rebounded 30% since October low, but still down for past year.


Lau Cho Kun
Net Worth $165 million
Age 73
Marital Status Married
Source diversified
Largest shareholder in tilemaker Malaysian Mosaics, bought out its stake in Hap Seng, with interests in plantations, property, credit finance. Hap Seng's auto division operates Mercedes-Benz dealerships that supply Samling Group, run by his son-in-law, with logging trucks&transportation vehicles. Has no position at either company.


Vinod Sekhar
Net Worth $150 million
Age 41
Marital Status Married, 2 children
Source rubber
Late father invented process to devulcanize used tires so they can be recycled. Vinod has been working to commercialize it. Timberland is first footwear manufacturer to incorporate Green Rubber, to be used in two of the company's fall 2009 collections. Reportedly being tested by several tire companies. Minor investors include Mel Gibson, Forbes family members and Bruce Willis, who sued last year for return of funds after company didn't go public but later settled. Valuation down because of market conditions and few exit strategies for small tech outfits.


Liew Kee Sin
Net Worth $140 million
Age 50
Marital Status Married, 4 children
Source real estate
Former banker joined real estate firm SP Setia in 1996 as a director and is now group's managing director. With partners, developing $620 million urban project in Vietnam.


Tiah Thee Kian
Net Worth $135 million
Age 61
Marital Status Married, 5 children
Source real estate
Cofounder of TA Enterprise, with property, financial interests. Owns Radisson in Sydney; announced purchase of the Westin Melbourne. Returned to board in 2007 after 5-year ban tied to conviction for reporting irregularities on Malaysia bourse. Wife Tan Kuay Fong filled as chairman during interim and remains chief executive.


Source: Forbes.com
Forbes.com

If you believe an article violates your rights or the rights of others, please contact us.

Share this story:
  • Digg
  • Reddit
  • Mixx it
  • Facebook
Email this page Bookmark this page