The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades. This is a BETA experience. 14 with US$1.4 billion), who controls Kossan Rubber Industries Bhd with his siblings, and Datuk Seri Stanley Thai (at No. However, the pandemic took its toll on 19 listees, whose fortunes fell. Four property developers are on the top ten richest list, with Kuok Group's owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. Lim, 67, is the world's 436th richest man and Malaysia's seventh richest man, with a total wealth of 18.25 billion ringgit, according to . PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 billion) this year, after declining for two years. Recently listed in Malaysia's 50 Richest by Forbes Magazine at 39th place, Patrick Grove is the co-founder and CEO of Catcha Group and his latest business venture, iFlix, a strong competitor to the video streaming service provider, Netflix. Who is the richest man in malaysia 2021? In the year 2020, three new names enter the list of top 50 richest . Among the top 10 richest in Asia are (from left) Robert Kuok, Quek Leng Chan and Koon Poh Keong. The company started in 1986 with $50,000 and has since grown to become the largest integrated aluminum producer in Southeast Asia. But the country is now grappling with a surge of Covid-19 cases. Known for being a self-made billionaire where he started out as a bank clerk, Tan Sri Teh is an inspiration for many after establishing Public Bank in 1966. He had since retired and is now non-executive chairman of the bank. Prosecutors now have 30 days to either drop the case or request a new trial for Syed, whose life sentence for murder was challenged by the hit podcast Serial.. They were Tan Eng Kee (at No. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. Gavin Pereira - 23rd September 2019 . Five of them feature among the 50 richest, with two, Kuan Kam Hon (No 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No 8, US$3.5 billion) of Top Glove, ranked in the top ten. 2 with $9.6 billion. At EdgeProp.my, you can find daily breaking news on property, and hundreds of thousands of properties for sale and rent with detailed information such as past transacted prices, maps and photos. PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 billion) this year, after . The more integration a platform has with your existing tech stack, the better your workflow will be. Yeow Chor is the group managing director and chief executive of IOI Corp while Yeow Seng is the executive vice chairman of IOI Properties. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. Lim, 70 was ranked No 11 on Forbes Malaysia's 50 Richest 2021 and Billionaires 2021. Seven from last years list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in air travel. The per capita annual income of the richest 0.1 percent was 1.85 billion won (US$1.4 million) in 2021, 69.5 times more than the 26.6 million won earned by those in the middle of the income bracket. With a combined wealth of $4.5 billion, they have been working together to build the group known for its flagship property development projects and businesses in the plantations sector. malaysian-richest-1. Buy Now. Meanwhile, the pandemic took its toll on 19 listees, whose fortunes fell. In the first place, we have the media-shy billionaire Tan Sri Robert Kuok. His ranking has dropped in the past few years where he was once the second richest person in Malaysia and third richest in 2018. Among the hardest hit were casino moguls Chen Lip Keong (No. All rights reserved. This story is part of Forbes' coverage of Malaysia's Richest 2021. 37, $450 million) and Lau Chee Kheong (No. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding $3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. . Taking into account population figures makes a big difference in how a country is ranked for its wealth. ServiceNow general counsel Russ Elmer on the transformative power of legal dashboards. He passed away in June 2019 and his sons, Lee Yeow Chor and Lee Yeow Sing took over as Group Managing Director of IOI Corporation and Executive Vice Chairman of IOI Properties respectively. Age: 98 years old. YouTube is one of the most-used social media platforms in Malaysia. Sugar King Robert Kuok is now the world's 171st richest man compared to his position of 141 in 2020. Collective net worth of Malaysia's richest rebound 14% yoy Ranking Name Net worth (US$, billion) 1 Tan Sri Robert Kuok 12.2 2 Tan Sri Quek Leng Chan 9.6 6 Datuk Lee Yeow Chor & Lee Yeow Seng 4.9 9 Tan Sri Chen Lip Keong 3.4 Contents1 Who is the richest person [] Lee Yeow Chor & Yeow Seng ranked 6th with a personal wealth of $4.8 billion, followed by Lim Wee Chai with $4.3 billion. 3. Share to Linkedin. (Photo by Reuters). The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades. KUALA LUMPUR (June 3): Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion (about RM370.98 billion) this year, after declining for two years, said Forbes Asia.In a statement today, Forbes Asia said Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the . This is almost double of his net worth 5 years ago. This is the closest year even though we are already in 2021. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. Forbes Asia said the patriarch, who presides over a property and commodities empire, had a fortune of US$12.2 billion and at age 97 was the oldest member of the list. On the positive side, total revenue still rose in 2022 by 9.4% to $302.1 billion. Top 10 richest people in Malaysia 1. This story appears in the June 30, 2021 issue of Forbes Asia. Hong Leong Groups Executive Chairman Tan Sri Quek Leng Chan sits on the second spot with a wealth of $9.6 billion. Besides the banking industry, Hong Leong Group also ventures into property development under its property arm of GuocoLand (Malaysia) Bhd. Seven from last years list dropped out, notably the AirAsia duo, namely Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. The total combined net worth of all these billionaires is estimated at US$13.1 trillion, up from US$8 trillion in last year. Click here for the detailed list of Forbes Malaysia Rich List 2021. Interested in new property launches in Malaysia? See the full listhere. The highest-paid CEO in Malaysia is Genting head Tan Sri Lim Kok Thay, who took home an annual remuneration of RM200,912,000 million from his two positions as head of Genting Bhd and director of Genting Malaysia Bhd. - 5th August 2021 . A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year. The headquarters is in USA. Malaysia's 50 Richest. At the age of 97, the billionaire has a variety of business activities which he has been involved with such as palm oil and shipping. 10 spot as the richest newcomers on the list. Robert Kuok-$11 billion. 7, US$3.8 billion) of Hartalega Holdings and Lim Wee Chai (No. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of roughly $11.9 billion, Robert Kuok remains the richest person in Malaysia. Fortunes often include assets owned by other family members. However, Forbes Asia said, the pandemic took its toll on 19 listees, whose fortunes fell. In a statement today, Forbes Asia said Malaysias pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the country is now grappling with a surge in Covid-19 cases. Looking to buy, sell or rent? They were the recent additions to the list of Malaysias richest, taking the tenth spot. managing director, and CEO of Farm Fresh, has made his debut on the Malaysia's 50 Richest list by Forbes this . 10 with US$2.7 billion. T Ananda Krishnan or A-K in short is fourth in the list of Malaysians wealthiest. Here's all that you need to know about Malaysia's top 10 employers in 2021 and their top 3 EVP drivers. With property tools like the Edge Reference Price, Past Transacted Prices, Home Advisor Report as well as Area and Project insights, you have all the resources you need to make better property decisions, anytime and every time. 8 with US$3.5 billion) of Top Glove Corp Bhd, ranked in the top 10. CLICK HERE FOR THE FULL INTRODUCTION AND METHODOLOGY, Unfazed By Lower Earnings, Brothers Behind Packaging And Property Firm Scientex Double Down On Expansion, An Era Ended At AmBank When Veteran Banker Azman Hashim Stepped Down As Chairman, The Wealth Of Malaysias Glove Producers Plunges As Pandemic Recedes, Mixed Blessing: Rising Commodity Prices Give A Boost To Malaysias Budget, Strong Demand, Global Disruptions Boost Fortunes Of Malaysias Palm Oil Tycoons, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The increase . Malaysia's 50 Richest. Group, a listed home improvement chain, who are the richest newcomers at No. Five of them feature among the 50 richest, with two,Lim Wee Chaiof Top Glove andKuan Kam Honof Hartalega Holdings, ranked in the top ten. Unfolding Your Marketing Automation Swiss Army Knife Can Maximize Leads, How Women In Tech Are Transforming Social Impact. SINGAPORE (June 3, 2021) - Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after . The Tan brothers, Tan Yu Yeh and Tan Yu Wei, have estimated net worths of US$1.8bil and US$1.1bil respectively, whereas Tan Sri G . Like Hartalega, Top Glove saw demand for gloves increase that pushed Lims wealth up the ranking. Albukhary also has a stake in Media Prima, which owns the New Straits Times Press. The other two property tycoons in the top ten list are brothers Datuk Lee Yeow Chor and Lee Yeow Seng of IOI Group at sixth place with a net worth of US$4.9 billion. The other four new entrants are all based in Penang, a busy tech hub, which benefited from US-China trade tensions as global companies sought to diversify supply chains. 1. shell. Real estate development masterpieces: Shangri-La Hotels and Resorts, Cheras LeisureMall, The LINC KL. See the full list here. CEOWORLD magazine - Top Stories - Stats Gate - Malaysian Billionaires: These are the richest people in Malaysia, 2021. Four property developers are on the top ten richest list, with Kuok Groups owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. PETALING JAYA: The wealth of Malaysia's 50 richest saw a rebound in their collective wealth as it . Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. 21 billionaires have migrated to higher positions on the list of 50 richest persons when compared to their ranking last year. He has a net worth of $3.4 billion and where he is the first casino company to be listed in Hong Kong. 38 with US$445 million), co-founders of engineering services firm UWC Bhd; and Steven Siaw Kok Teng (at No. 8, US$3.5 billion) of Top Glove, ranked in the top ten. 38, $445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. The minimum net worth to make the list this year was $315 million, up from $255 million last year. Price: Single User License: US $ 2900 . He is most fondly remembered as the Sugar King having made and started his empire in the sugar cane and sugar industries. Bishop David Oyedepo - Net Worth $150 million. GDP per capita is often . David Oyedepo tops the list as the richest pastor in the world with a financial worth of $150 million. The List; . Queks wealth comes mostly from his stakes in Hong Leong and he is involved in real estate and food businesses as well. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. IHH is one of the largest healthcare groups in the world by market capitalisation and are listed on the Main Markets of Bursa Malaysia and the Singapore Stock Exchange. According to the latest edition of the Forbes Malaysia Rich List, the country's wealthiest individuals experienced a 14% growth in their total net worth to nearly US$90bil this year following two . PETALING JAYA (June 3): The 22 property-related players featured in Forbes Malaysia 50 Rich List 2021 has a collective net worth of US$44.47 billion (RM183.4 billion), according to the latest Forbes Malaysia Rich List 2021 which was released today. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. By taking time to collect and analyze your data in strategic ways, you can make wiser decisions for your business. Forbes' 36th annual ranking of the world's richest in 2022 saw a total of 2,668 billionaires on the list compared to the 2,755 featured last year. ", Sign up to get breaking news, unique insights, event invites and more from EdgeProp. Corporate User License: US $ 5800 . All Rights Reserved. As of March 4, 2023, Bernard Arnault had a net worth valued at $189 billion, making him the wealthiest person As of March 3, 2023, Gina Rinehart was the wealthiest person in Australia, with an estimated net worth of 29.2 As of March 3, 2023, Georg Stumpf was thewealthiest man in Austria, with an estimated net worth of 7.9 billion As of March 3, 2023, Jorge Paulo Lemann was thewealthiest man in Brazil, with an estimated net worth of 15.9 As of March 3, 2023, David Thomson was thewealthiest man in Canada, with an estimated net worth of 54.9 billion 4 technologies applied in most industries of the business world you should be familiar with, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine. Not everything has to be reinvented from scratch. 2022 RANKING; Billionaire Secrets Malaysia's 50 Richest. 'The Takedown,' directed by Louis Leterrier and starring Omar Sy and Laurent Lafitte, premiered on Netflix on May 6, and has already entered Netflix's Top 10 Movies in many countries, including Canada, France and the U.K. The revelation is made by Forbes Asia, which published the Malaysia's Richest 2021 List yesterday, 2 June. Low-profile Syed Mokhtar AlBukhary started as a rice trader after dropping out of high school. After Maybank, CIMB is the second-largest Malaysian bank on the list, ahead of Public Bank (#7), RHB Bank (#17), Hong Leong Bank (#24), and Ambank (#25). In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers, it said. 22 with US$965 million), a co-founder of Greatech Technology Bhd, a maker of factory automation equipment; Datuk Ng Chai Eng (at No. Malaysia's top 100 CEOs: Who took the top spot? Not too long ago, the Forbes' 35th annual list of billionaires for 2021 saw 4 Malaysian faces new to it added. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who dont reside in the country but have significant business or other ties to the country. The cutoff for the list increased to $315 million from $255 million last year. In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. All Asian Countries From Poorest To Richest Ranking.We are going to rank all the Asian countries by by their GDP nominal per capita. The No 2 on the list is Tan Sri Quek Leng Chan with a net worth of US$9.6 billion. Tan Sri Dr. Lim Wee Chai is the man behind world rubber glove producer Top Glove. Looking for more exposure? At one time, Robert Kuok is said to have controlled some 10% of the worlds sugar supply. Puan Sri Datin Chong Chook Yew. 22, $965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Ng Chai Eng (No. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. As of February 2023, the 65-year-old is among the top 10 richest people in the . To date, the Mr. D.I.Y stores carry all types of products and have since expanded to more than 650 stores across the country. vercoming pandemic pains and the impact of flash floods in December, Malaysias economy grew 5% in the first quarter of 2022, buoyed partly by a recovery in domestic demand. China - $19,520. According to Forbes Asia, the minimum net worth to make the list this year was US$315 million, up from US$255 million last year. Inquire for Discount Inquire Before Buying. Meanwhile, there were five newcomers on this years list. O. vercoming pandemic pains and the impact of flash floods in December, Malaysia's economy grew 5% in . The combined wealth of Malaysias 50 richest was down 10% from a year ago to $80.5 billion. 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. 1. Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). The other four new listees are all based in Penang, a busy tech hub, which benefited from the U.S.-China trade war as global companies sought to diversify supply chains. Reflects change since 5 pm ET of prior trading day. Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track . The United States still has the most billionaires with 724 individuals, but is followed closely by China with 698 billionaires. JUNE 08, 2022, 06:00 PM. Meet Malaysia's richest and find out how much they're worth. The bulk of his wealth comes from stakes in DRB-HICOM and MMC Corp. MMC's operations span ports, logistics, construction and engineering while DRB-HICOM is an automotive firm with interests in property and education. Copyright 1999-2023 The Edge Communications Sdn. In 1988, he established Hartalega Holdings and grew the company to become the largest nitrile gloves manufacturer in the world. Combined net worth of $6.4 billion, Koon Poh Keong and his 4 brothers are the team behind Press Metal Aluminium Holdings, one of the largest producers of steel products in the world. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. 03-06- 2021 09:35 AM. Nevertheless, some of the businesses have emerged as winners due to the pandemic, for instance, glove makers. They are the Tan brothers of MR DIY Group (M) Bhd, Tan Sri G. Gnanalingam of Westports Holdings Bhd, and Tan Eng Kee of Greatech Technology Bhd.. 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The allure of Europe prevails in 2023, with European residence and citizenship by investment programs retaining the top spots in Henley & Partners' latest rankings of the most sought-after investment migration programs in the world. The next top five richest Malaysians in descending order according to the list are: Tan Sri T. Ananda Krishnan at #476 (Astro, US$5.8 billion . Undoubtedly, influencers have become one of the most important and effective partners for marketers. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. Next are Tan Sri Lim Wee Chai at #859 (Top Glove, US$3.5 billion), Tan Sri Lim Kok Thay at #1,174 (Genting, US$2.7 billion), Datuk Seri Lau Cho Kun at #1,444 (Hap Seng, US$2.2 billion), Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion) and Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion). Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. 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.. Among them are brothers Tan Yu Yeh and Yu Wei of Mr D.I.Y. Forbes released its inaugural " Malaysia's 50 Richest " list on June 8, revealing that the combined wealth of Malaysia's 50 richest was down 10% compared to a year ago. Polygon is an India-based cryptocurrency. Fortunes often include assets owned by other family members. Jakarta - Forbes Indonesia released the newest 100 richest people in Indonesia in 2020. Established in 1960, Maybank is the largest company in Malaysia with RM46 billion revenue generated in 2020, followed by TNB (RM45 billion), and Sime Darby (RM38 billion). 2) Tan Sri Quek Leng Chan; US$9.6 billion, 3) Tan Sri Koon Poh Keong & siblings; US$6.4 billion, 4) Tan Sri Ananda Krishnan; US$5.8 billion, 6) Datuk Lee Yeow Chor & Yeow Seng; US$4.9 billion, 9) Tan Sri Chen Lip Keong; US$3.4 billion. Malaysia's 50 Richest 2022: Combined Wealth Declines To $80.5 Billion A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year . Forbes convenes and curates the most-influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. Since 1891, Shell has played a pivotal role in the development of Malaysia's oil and gas industry. Each type provides . 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A Malaysia national flag flies outside the Ministry of Finance building complex in Putrajaya, [+] Malaysia. THREE NEWCOMERS IN TOP 50. SINGAPORE (June 3, 2021) Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after declining for two years. David Oyedepo comes from Nigeria and he is the founder of Living Faith Church Worldwide, also . Among the hardest hit were casino moguls Tan Sri Dr Chen Lip Keong (at No. 8, US$3.5 billion) of Top Glove, ranked in the top ten. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges; Full List: The World's Highest-Paid Actors . Two men involved in Jalan Ipoh crash test positive for drugs, Pemandu, penumpang positif dadah sebabkan kemalangan di Jalan Ipoh ditahan, Mbappe breaks Cavani record to become PSGs all-time leading scorer, Banjir: Demi kelangsungan hidup, peniaga burger teruskan perniagaan, Marianne Williamson formally announces bid for us presidency in 2024. Malaysia's pandemic-hit economy, which contracted 5 . Five new entrants added a fresh dimension to the list this year. 22, US$965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Datuk Ng Chai Eng (No. The complete list can be found at www.forbes.com/malaysia, as well as in the latest issue of Forbes Asia. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest . The Forbes brand today reaches more than 140 million people worldwide every month through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding $3.4 billion to their wealth and propelling Koon and his brothers to third place. 20. December 31, 2014. It said the reversal of fortune can partly be attributed to the countrys dominant position as a medical glove maker to the world. According to Forbes Asia, five of them were among the 50 richest, with two, Kuan Kam Hon (at No. The Chearavanont family retains No.1 spot in the Forbes Thailand Rich list with US$29.5 billion (938.6 billion baht), followed by the Chirathivat family with $21 billion (668.2 billion baht) and . The late Tan Sri Lee Shin Cheng of IOI Corporation was the fifth richest Malaysian in 2016. The rising number of daily new cases in recent months and the reinstatement of movement control order (MCO) have added uncertainties to the economic recovery. The patriarch, who presides over a property and commodities empire, has a fortune of $12.2 billion and at age 97 is the oldest member of the list. 98-year-old Robert Kuok, who has dominated the list for years, has remained at No. 49 with US$325 million), a co-founder of ViTrox Corp Bhd, a maker of high-precision machine inspection systems. The government focuses on helping the 40% of the countys poorest population. each having a 50 per cent stake in the team. The only property app you need. Industries around shipping are successful since Malaysia has 7 major large ports that handle the transportation of goods in Asia and the rest of the world. 20 with US$1.1 billion), who co-founded and runs Supermax Corp Bhd with his wife Datin Seri Cheryl Tan. The company planted area is around 283,751 hectares. Robert Kuok remains the richest Malaysian while the newcomers on the billionaires' list include WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming. The richest Malaysian today is none other than Mr Robert Kuok who despite having a small dip in his fortune in 2016 is still at the peak with wealth amounting to $12.1 billion.