KUALA LUMPUR: Robert Kuok retains the No. 1 spot on the Forbes Malaysia Rich List for the 10th straight year with a net worth of US$11.3bil, down US$200mil from a year ago as oil price crash and ringgit slump hit Malaysian tycoons.
In second spot is telecoms mogul, Ananda Krishnan at US$9.7bil (down US$1.6bil) while Quek Leng Chan is at third at US$5.6bil (down US$800mil).
Casino tycoon Tan Sri Lim Kok Thay of Genting Group is at fourth spot at US$5.5bil, down from US$6.5bil last year.
According to Forbes’ latest issue, the oil price crash and ringgit slump hit Malaysian tycoons.
The top 10 richest in Malaysia are:
1) Robert Kuok; US$11.3bil;
2) Ananda Krishnan; US$9.7bil;
3) Quek Leng Chan; US$5.6bil;
4) Lim Kok Thay; US$5.5bil;
5) Teh Hong Piow; US$5.4bil;
6) Lee Shin Cheng; US$4.6bil;
7) Yeoh Tiong Lay; US$3bil;
8) Syed Mokhtar AlBukhary; US$2.9bil;
9) Goh Peng Ooi; US$1.55bil;
10) Lee Oi Hian & Lee Hau Hian; US$1.45bil;
Forbes said this list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts, private databases, the Companies Commission of Malaysia and other sources.
Net worth figures are based on stock prices and exchange rates as of the close of markets on Feb 13. Private companies are valued by using financial ratios and other comparisons with similar companies that are publicly traded.
