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KUALA LUMPUR Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes’ annual World’s Billionaires List.
The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world’s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion).
According to the
Forbes list, there are 16 billionaires in Malaysia, with Kuok listed under Hong Kong.
Next on the list is Hong Leong Group’s Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year.
Wednesday, 07 Apr 2021 11:15 AM MYT
BY DANIAL DZULKIFLY
‘Sugar King’ Robert Kuok is now the world s 171st richest man compared to his position of 141 in 2020. File picture by Mukhriz Hazim
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KUALA LUMPUR, April 7 Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to
Forbes’ annual World’s Billionaires List.
The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion).
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According to Forbes’ 2021 Billionaires list, Malaysia now has 16 billionaires. Four are new to the list, namely Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion), Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), and Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion).
Two of these new billionaires hail from Mr D.I.Y, our own local home improvement retailer, which raised an unprecedented RM1.5 billion when they went on the public stock market in 2020.
There’s gold in every hill, pandemic or not