Malaysia’s Top 40 Richest

Posted by Jerry Ong |

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May 21

Malaysia’s 40 Richest needed a net worth of only $100 million to make the list this year, down from $127 million in 2007, despite the fact that the Malaysian ringgit gained 6% against the U.S. dollar, the currency in which their fortunes are measured.

Caught up in the global equities slide, the Kuala Lumpur Composite Index was off 8% in the past year but has fallen 15% since mid-January. While 16 people still managed to add to their fortunes, another 18 saw their net worth slip.

Some tumbled considerably, with seven losing one-fourth or more of
their fortune. That includes Lim Wee Chai, head of rubber glove
manufacturer Top Glove, and Yaw Teck Seng, founder of forest group
Samling, both worth one-third less than a year ago. Says recent article from Forbes.

Check out Complete list of Top 40 Richest Malaysians, or in pictures of Richest Malaysian.

Grabbing the No. 20 spot is Mokhzani Mahathir, son of the Malaysia former Prime Minister Tun Dr. Mahathir and No. 40 spot is Nazir Razak, son of the Malaysia’s second prime minister. Interesting…

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