16-04-2024, 06:51 AM
A declining ringgit offset a 9% rise in the stock market since we last measured the fortunes of Malaysia’s tycoons around 11 months ago. Consequently, the combined wealth of the nation’s 50 richest is up by only a modest 2% to $83.4 billion this year.
Business mogul Robert Kuok, who turned 100 last October and is among the world’s oldest billionaires, remains Malaysia’s richest person with a net worth of $11.5 billion. The centenarian founded the Kuok Group 75 years ago in Johor Bahru as a modest business trading sugar, rice and wheat flour and built it into a thriving conglomerate. And despite a dip in his net worth to $8.8 billion, Quek Leng Chan, executive chairman of Hong Leong Co. (Malaysia) retained his ranking as the country’s second richest.
https://www.forbes.com/sites/naazneenkar...83a475727d
Business mogul Robert Kuok, who turned 100 last October and is among the world’s oldest billionaires, remains Malaysia’s richest person with a net worth of $11.5 billion. The centenarian founded the Kuok Group 75 years ago in Johor Bahru as a modest business trading sugar, rice and wheat flour and built it into a thriving conglomerate. And despite a dip in his net worth to $8.8 billion, Quek Leng Chan, executive chairman of Hong Leong Co. (Malaysia) retained his ranking as the country’s second richest.
https://www.forbes.com/sites/naazneenkar...83a475727d