80% of 40 richest Malaysians are ethnic Chinese
Eighty percent of the top 40 richest Malaysians are ethnic Chinese, according to data compiled by the Malaysian daily Nanyang Siang Pau.
The daily named sugar trader and owner of world's largest palm oil listed company Wilmar International, Robert Kuokas the richest, with a net worth of 30.28 billion ringgit ($10 billion).
The 89-year-old, the world's 33rd richest man who also holds stakes in Hong Kong-based Shangri-la Hotels beat the second richest, casino mogul Lim Kok Thay by 10 billion ringgit ($3.3 billion ) in net worth.
Lim Kok Thay, who has a net worth of 20.2 billion ringgit ($6.7 billion) inherited the casino operator Genting Group from his late father and company founder Lim Goh Tong, who was once the richest man in the country.
Telecommunication mogul Ananda Krishnan, who owns Malaysia's telecommunications giant Maxis and satellite television Astro was named the third richest with a net worth of 18 billion ringgit ($5.9 billion).
The daily named 82-year-old bank founder Teh Hong Piao, who started Malaysia's Public Bank at the age of 35 as the fourth richest with a net worth of 12.5 billion ringgit ($4.15 billion).
Syed Mokhtar Albukhary, owner of energy-to-property conglomerate MMC Corp. owner and auto-assembler DRB Hicom, was ranked 6th with a net worth of 8.7 billion ringgit ($2.89 billion).
Budget airline AirAsia's CEO Tony Fernandes was ranked 28th with a net worth of 938 million ringgit ($311.5 million).
Nanyang said the top 10 richest men in the country have a combined net worth of 126.9 billion ringgit ($42.1 billion) and 80 percent of the 40 wealthiest people in the country were ethnic Chinese, most of whom run diversified conglomerates.
The ethnic Chinese make up 22.5 percent of Malaysia's 27.5 million population - China Daily
Tun Mahathir urges business community to be thankful to govt
Posted on December 3, 2012, Monday
Tun Dr Mahathir Mohamad
KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad has urged the business community in Malaysia to be thankful to the government for its efforts in upholding the country’s stability for the past 55 years.
“There is no other government in the world which is as friendly as our government, in terms of facilitating a seamless business operation,” he said in his opening remarks at the Malaysia Business Awards (MBA) 2012.
He said Malaysians today have made a lot of improvements, adding that before this the country would have had to bring in outside experts just to set up basic infrastructure.
“Now, I am so proud to see local contractors providing their services overseas,” he added.
At the event, Datuk Tan Chin Nam, the major shareholder of IGB Corp Bhd, was honoured with the Legendary Lifetime Achievement Award, while National Land Finance Co-Operative Executive Chairman Tan Sri Dr K R Somasundram and MK Land Chairman Tan Sri Mustapha Kamal Abu Bakar bagged Lifetime Achievement Awards.
Datuk Syed Hisham Syed Wazir, UMW Holdings president and group chief executive officer, was honoured with the International Excellence Award.
The MBA 2012, organised by the Kuala Lumpur Malay Chamber of Commerce (KLMCC), recognises outstanding performers in the local business community. — Bernama
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