Synonymous with the Arab Malaysian Group, Azman is a chartered accountant-turned-banker. Lau Cho Kun is the largest shareholder in Hap Seng Consolidated, through holding company Gek Poh and investment arm Lei Shing Hong.The diversified firm has interests in real estate, plantations, credit financing, automotive, fertilizers trading and building material.Its plantation division is the largest producer of palm oil in Sabah, East Malaysia.Hap Seng Consolidated has been operating Mercedes-Benz dealerships in Malaysia since 1969.Privately held Hong Kong-based Lei Shing Hong runs Mercedes-Benz dealerships in Asia and Europe and is considering a relisting. , 75% KIAN CHONG, 40, is the grandson of the late Tan Sri Loh Boon Siew, who in his lifetime was the richest man in Penang. In the financial services sector, Azman is the second-largest shareholder with an effective 12.7% stake in AMMB, which controls AmBank, AmInvestment Bank, AmIslamic Bank, AmSecurities and AMMB Nominees. Basically, he chairs all operating of the Hong Leong conglomerate in Malaysia. Before turning to glove manufacturing, Kuan started his career in building and construction in 1969 after dropping out of high school. }) They are deemed shareholders in MyEG and Excel Force, holding interest in the two listed companies via Asia Internet Holdings, Asia Internet E-Services Holdings and Radio Port Ltd. Munir Shah, 54, has been the executive director of MyEG since 2004, while Wong has been the managing director and also executive director of MyEG since March 6, 2000. As someone who has held this spot as Malaysia’s richest man for over twenty years, this comes as no surprise. He and his family also have a direct 0.3% share in Kossan. Last year, Kossan’s share price fell by about 29%, thereby shaving off nearly RM1bil in value from RM9.30 a share to RM6.59. You can read more about their methodology here. He is the son of Boon Siew’s eldest and only surviving son, Loh Kar Bee. The wealth of the country’s 50 richest on the 2020 Forbes Malaysia Rich List fell for a second straight year due to a weaker ringgit and a nearly 10% decline in the country’s benchmark stock index. Currently, he serves as Executive Chairman in the group, leaving operations to his two sons. It's simple! But his net worth was higher at RM2.461bil in 2015, although he occupied the 22nd spot. Forbes publishes a list of richest people in the world annually, in March. Its products are sold in over 160 countries, and virtually every hospital or medical clinic in the world would have used the company’s products. Take a look at the 10 richest men in Malaysia 2020 and see who’s new!eval(ez_write_tag([[300,250],'tallypress_com-medrectangle-3','ezslot_2',107,'0','0'])); Robert Kuok is a familiar name for most Malaysians, also known as the “Sugar King”. Kian Chong’s 57.5% deemed interest in Oriental Holdings is held via the family’s privately-owned companies – Boon Siew Sdn Bhd, Penang Yellow Bus Company Bhd, Bayview Hotel Sdn Bhd, Loh Boon Siew Holdings Sdn Bhd and Loh Kar Bee Holdings Sdn Bhd. Robert Kuok is the richest man in Malaysia and he has been topping the list for nearly two decades now. 3 last year on this list. Chen Lip Keong owns NagaWorld, which is Cambodia’s biggest casino. His 69.2% in Amcorp Properties was valued at RM329.3mil or 78.5 sen a share, his 82.6% in Amcorp Properties-PA was worth RM75.1mil, 12.97% stake in AmBank was valued at RM1.68bil or RM4.31 per share, 6.09% stake in AMFirst REITS was at RM32.3mil or 77 sen a share, and finally, his 59.7% in RCE was worth RM282mil or RM1.36 a share. , © TallyPress Media 2015 - 2017 | All Rights Reserved, ChongQing DeZhuang Hotpot Is Finally Here For Us To Enjoy, Hyper Scape; A New Dystopian Game With A Female Malaysian Character, Among Us Gets A 3D Makeover By Malaysian YouTuber Afiq Aiman, 8 Health Benefits You Can Get From Almond Butter, 6 Tips For Every Twenty-Something Out There Who Are Still Learning To Live Life, 10 Horror Films To Watch On Netflix This Halloween Month, A Walk Through The Slums of Manila, Philippines, 10 Reasons Why X-Men Is The Best Superhero Movie Franchise, 8 Reasons Why You Should Marry/Date a Caucasian, Spread Your Love With Fleuriste’s Perfect Blooms, Top Halal Bakeries in Singapore for the Freshest Bakes. The Amcorp group has a 69.3% stake in Amcorp Properties and Amcorp Properties-PA controls MCM Technologies (information technology business), Harpers Travel, Restoran Seri Melayu and 90% in Amcorp Auto. 22 TAN SRI AZMAN HASHIM Flagship: Amcorp Group Net worth: RM2.4bil. As one of the wealthiest persons around, he saw a drop by one notch in the ranking of Malaysia’s richest to the 22nd spot from 21st in 2015. Tan’s wife, Datuk Khor Swee Wah (aka Rosie Tan) and two of his sons, Nicholas and Christopher, are also involved in the car business, while another son, Anthony, who co-founded the Grab mobile application with Tan Hooi Ling, is busy building the e-hailing business through Grabcar. 23 DATUK TAN HENG CHEW Flagship: Tan Chong Consolidated Net worth: RM2.3bil. Forbes Asia just unveiled its 2019 Malaysia Rich List, highlighting the net worth of 50 notable businessmen. Five out of seven of the Koon brothers started Press Metal, an aluminium company back in the mid 80’s. Top 40 richest in Malaysia The Oriental group, started by Boon Siew, famously known as “Mr Honda” by selling cars, has also expanded into investment holdings and financial services, hotels and resorts, property development, automobile and related products, plastics, healthcare and others. Tan inherited a 22.85% share in Tan Chong Consolidated Sdn Bhd (TCC), which is the major shareholder of Tan Chong Motor Holdings Bhd (39.5%), APM Automotive Holdings Bhd (36.4%), Warisan TC Holdings Bhd (34.9%) and Hong Kong-listed Tan Chong International (35.1%). Kian Chong is the executive director of the Penang-based conglomerate, Oriental Holdings Bhd, and had a net worth of RM2.424bil in 2016. All year round, Forbes reporters from different countries track the activities of the world’s wealthiest individuals. That business is said to be worth US$3bil. MyEG’s compounded annual growth in net profit was 45% the past five years. The company had to undergo several broadroom tussles over the years that saw Tan emerging with control of the automotive-led empire. His net worth actually went up $300 million from last year to this year. The company’s first patented glove technology, the Low Derma Technology, protect users from developing allergies from latex protein and rubber chemical accelerators. Their interests stretches wide, including real estate, plantations, credit financing, automotive, fertilizers trading and building material. Last year, MyEG bought an 18.7% stake in Excel Force for RM38mil. Kah Motor was made a dealer. It has expanded into Thailand and Vietnam. Fun fact: Koon Poh Keong is actually the youngest among them all, but he’s the group CEO! Today, Press Metal is Southeast Asia’s largest integrated aluminum producer. He is known to be a workaholic but has steered away from publicity all these years. He found himself in a fortuitous position in 1982 when he bought a 40% stake in Taiping Textiles, which later became Arab-Malaysian Development Bhd. {{item['V1 Body']}} Tags / Keywords: AZMAN, who turns 78 in July, has planned his retirement with his departure from a number of boards within his group over time. Last June, the automotive business through the car assembly and automotive parts manufacturing unit, Oriental Assemblers Sdn Bhd, was sold to Berjaya Assets Bhd for RM32.5mil. This was derived from the value of his stocks in the various companies as at end-2016. 25 DATUK LIM KUANG SIA Flagship: Kossan Holdings Net worth: RM2bil. At 70, Tan is still in control of the business. Did you know? The full list can be found here, as well as in the latest issue of Forbes Asia, available on newsstands now. Separately, Tan and family also hold 7.2% in Tan Chong Motor, APM (12.5%), Warisan (17.1%) and Tan Chong International (20.6%). Excel Force, set up in 1994, is into the development, provision and maintenance of computer software application solutions for the stockbroking industry. His net worth was RM2.522bil, down marginally 4.6% to RM2.405bil. 21 DATUK LOH KIAN CHONG Flagship: Oriental Holdings Bhd Net worth: RM2.4bil. See instructions. Through holding company Gek Poh and investment arm Lei Shing Hong, Lau Cho Kun is the largest shareholder in Hap Seng Consolidated. The second son of the late Lim Goh Tong, founder of Genting, Lim Kok Thay is chairman of Genting Group, a casinos, resorts and palm oil conglomerate. Oriental Holdings’ Kah Motor Sdn Bhd was the sole distributor of Honda cars until July 2001 when the franchise was taken over by DRB Oriental Honda Sdn Bhd. Meanwhile, only 11 of those on […] He was the 17th richest man in Malaysia in 2015 with a net worth of RM3bil based on his and his family’s shareholding in Kossan. Robert Kuok is a familiar name for most Malaysians, also known as the “Sugar King”. Tan Chong Motor, APM Automotive and Warisan TC are listed on Bursa Malaysia. Their collective net worth of US$79 billion is down 7% from a year ago. We use cookies to ensure that we give you the best experience on our website. Lee Yeow Chor and Yeow Seng are heirs to the late Lee Shin Cheng, who passed away in June last year. readers found this article insightful, Copyright © 1995- He still resides in the city. It was said that he was building up his coffers to prepare to take up a portion of the 23.8% block held by Australia and New Zealand Banking Group Ltd’s (ANZ) stake in AMMB Holdings Bhd or the AmBank Group. Azman, via Amcorp group, has a 59.7% stake in RCE Capital and a 6.1% stake in Am First Reits, while AMMB has 26.7% in the same company. However, Forbes did note that due to Malaysia’s slow economic growth over the past year, business was not very good for about 30 of the billionaires listed, as their wealth actually shrank. , top richesh personalities in Malaysia MyEG is an e-Government services provider that recently had its contract to manage the registration of illegal foreign workers under the rehiring programme extended until the end of this year. The company also invested about RM35mil in a research and development centre last year, which will be opened in July this year. var theDate = new Date(); Lim and his family, Lim Kuang Wang, Lim Kuang Yong, Lim Kwan Hwa and Lim Leng Bung, are shareholders of Kossan Holdings (M) Sdn Bhd, which in turn has a 51.1% stake in Kossan. Still, Kossan churns out close to 22 billion pairs of disposable gloves every year and will be adding three billion more this year since it invested in a facility last year. Malaysia’s slowing economy, now getting hit by the coronavirus outbreak, has taken a toll on its tycoons. With $11.5 billion net worth, he is also #104 in Forbes’ Billionaires 2019. Despite his wealth shrinking by more than $1 billion in the past year, he still manages to retain the top spot. NEWCOMERS to the world of Malaysia’s wealthiest, Raja Munir Shah (left) and Wong have a combined wealth of RM2.185bil. Kian Chong holds the reins of the Boon Siew empire and there is a shift in the business to focus more on the retail business, which has hotels and investment properties in Malaysia, Australia, New Zealand and Britain. If you continue to use this site we will assume that you are happy with it.
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