Forbes recently released its 2015’s edition of Malaysia’s 50 richest men. This year the list saw some new additions and some changes in net worth.
“Sugar King” Robert Kuok, safeguarded his number one position in the list, saw his net worth slipped by US$200 million (RM722 million) last year due to the plunge in commodity prices to US$11.3 billion.
Likewise, Ananda Krishna, maintained his second position but saw a drop in wealth from US11.3 billion to US$9.7 billion.
There have been some changes in net worth and placements in the list, with two new faces in the top 10 list: Goh Peng Ooi, the first technopreneur to hit the top 10 with US$1.6 billion (an increase of US$0.5 billion from last year) and Lee Oi Hian & Lee Hau Hian, who saw their net worth spike from US$1 billion to US$1.5 billion.
This year, four new contenders joined the top 50 list: real estate tycoon Khoo Cheng Hai, packaging specialist Lim Teck Meng of Scientex Bhd, oil-ship fabricator tycoon Ng Chin Heng of Coastal Contracts Bhd, and co-founder of United Overseas Australia Ltd, Kong Chong Soon.
The minimum net worth required to be eligible for the list this year is US$240 million, up from US$220 million a year ago.
Some of the tycoons who saw their net worth slipped due to the sluggish stock market and slump in oil price are Tan Sri Mokhzani Mahathir, an investor in O&G services provider SapuraKencana Petroleum Bhd, by US$700 million, and the Tan Sri Shahril Shamsuddin and Tan Sri Shahriman Shamsuddin, the main investors in SapuraKencana, by US$860 million.
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| Illustration by Michelle Leong |
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