Tan Sri Robert Kuok Hock Nien and some local business tycoon maintain their position in the list of the Richest Individuals in Malaysia organized by Forbes.
Tan Sri Robert Kuok, 91, is the founder of the Hotel Shangri-la and his sources of wealth are from palm oil, shipping and real estate. According to Forbes, Kuok Group controls several listed companies in Hong Kong, Malaysia and Singapore.
Here are the 10 Malaysia's richest.
1) Tan Sri Robert Kuok Hock Nien
Robert Kuok, Malaysia’s richest man, raised $300 million in 2014 with the Singapore listing of his PACC Offshore Services Holdings, Asia’s largest operator of vessels for offshore oil & gas exploration. His Kuok Group controls a slew of listed companies in Hong Kong, Malaysia and Singapore. The Chinese Malaysian tycoon made his fortune in sugar, palm oil, shipping and real estate. A big source of wealth is a stake in palm oil giant Wilmar International, which is run by nephew Kuok Khoon Hong, a Singapore billionaire. Robert Kuok also controls Hong Kong’s South China Morning Post, once the world’s most profitable daily newspaper.
Total current assets: US $ 11.3 billion (RM40.8 billion)
The main companies: Kuok Group / Kerry Group
Sources of wealth: Palm oil, shipping and real estate