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MR DIY brothers debut on Forbes richest list

MR DIY brothers debut on Forbes richest list
07 Apr 2021 / 23:55 H.
PETALING JAYA: This year’s Forbes world’s billionaire list saw the addition of MR DIY Group’s Tan Brothers, Westports Holdings Bhd’s Tan Sri G Gnanalingam and Greatech Technology Bhd co-founder and CEO Tan Eng Kee.
Brothers Tan Yu Yeh and Tan Yu Wei of MR DIY Group Bhd have an estimated net worth of US$1.8 billion (RM7.4 billion) and US$1.1 billion.
Malaysia’s largest home improvement retailer MR DIY (
pix) made its debut on the Main Market of Bursa Malaysia Securities in October last year. The initial public offering (IPO) was the largest on Bursa Malaysia since 2017 with a market capitalisation of RM10 billion. The IPO raised RM1.5 billion from both institutional and retail investors. ....

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Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times

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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. ....

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4 Malaysians Join Forbes World's Billionaires 2021 List

Despite the Covid-19 pandemic, the number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755 – 660 more than a year ago. Among the richest in the world are Jeff Bezos, the world’s richest for the fourth year running, worth US$177 billion, and Elon Musk, who rocketed into the number two spot with US$151 billion.
While the list includes some Malaysian mainstays such as Tan Sri Ananda Krishnan, Tan Sri Teh Hong Piow, Tan Sri Lim Kok Thay, Tan Sri Dr Jeffrey Cheah, Tan Sri Syed Mokhtar AlBukhary, and Top Glove Corp Bhd’s Tan Sri Dr Lim Wee Chai, to name a few, four Malaysians made their debut on the annual world’s billionaires list this year. ....

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Anwar-Zahid 'recording'

Anwar-Zahid 'recording'
malaysiakini.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysiakini.com Daily Mail and Mail on Sunday newspapers.

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Four Malaysians make debut on Forbes billionaires list

co-founder and CEO Tan Eng Kee.
In Forbes 35th annual list of the world s billionaires, brothers Tan Yu Yeh and Tan Yu Wei made their debut with estimated net worths of US$1.8bil and US$1.1bil respectively.
The brothers have seen their fortunes soar following the initial public offering of MR DIY on Bursa Malaysia in October last year with a market capitalisation of RM10bil upon listing.
Gnanalingam was included in the list with an estimated net worth of US$1.7bil while Tan Eng Kee became another of the world s US-dollar billionaires with an estimated net worth of US$1.1bil. ....

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