Newcomer Abdul Kadier Sahib enters the list for the first time at No. 49 with a net worth of $275 million. He is a director at Serba Dinamik Holdings, an oil-and-gas-services supplier that went public in 2017 and has seen its stock soar. The company’s founder, Mohd Abdul Karim Bin Abdullah (No. 40, $345 million), debuted a year ago and saw his net worth rise by 11% this year.
There are two returnees on this year’s list. Kua Sian Kooi of KSK Group rejoins the list at No. 35 with a net worth of $420 million while Loh Kian Chong of Oriental Holdings returns to the list at No. 45 with a net worth of $320 million.
The minimum net worth to make the list this year is $250 million, down from $300 million last year.
The top 10 richest in Malaysia are:
1.Robert Kuok – US$12.8 billion
Robert Kuok Hock Nien, is a Malaysian business magnate and investor. According to Forbes, his net worth is estimated at $12.8 billion as of March 2019, making him the wealthiest person in Malaysia and 104th wealthiest in the world.
2. Quek Leng Chan – $9.4 billion
Tan Sri Quek Leng Chan is a Malaysian tycoon who co-founded Hong Leong Group Malaysia. He is one of the richest men in Malaysia. In 2018, Quek Leng Chan ranked #217 on the Forbes World’s Billionaires list, with wealth listed at US$7.2 billion.
3. Teh Hong Piow – $6.7 billion
Teh Hong Piow is the founder and Chairman of Public Bank Berhad in Malaysia. Teh is one of three individuals in Malaysia who are permitted to hold a stake of more than 10% in a domestic financial institution.
4. Ananda Krishnan – $6.2 billion
Tatparanandam Ananda Krishnan is a Malaysian businessman and philanthropist, the Chairman of Usaha Tegas Sdn Bhd and founder of Yu Cai Foundation.
5. Lee Shin Cheng – $5.4 billion
Lee Shin Cheng was a Malaysian business magnate, investor, and philanthropist. Lee Shin Cheng heads IOI Corporation Berhad, better known as IOI Group, as its executive chairman.