Slower economy, Covid-19 take toll on Malaysia’s 50 richest

  • 📰 staronline
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 75%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

According to Forbes 50 Malaysia’s Richest list, their collective net worth is US$79bil, down 7% from a year ago.

Forbes said nonagenarian business legend Robert Kuok, with a net worth of US$11.5bil, remains at No. 1, a position he has held for over two decades.The hardest-hit in dollar terms was banking tycoon Tan Sri Teh Hong Piow, the founder of Public Bank, who slipped to No. 5 from No. 3 last year.’s Tan Sri Tony Fernandes and Datuk Kamarudin Meranun saw more than a third of their respective fortunes vanish.

“In all, 22 listees saw their net worth decline from a year ago, but an equal number were modestly better off, ” it said. Another gainer is Kuan Kam Hon, who controls Hartalega Holdings, the world’s largest maker of nitrile gloves.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Najib? Rosmah? Kunan?

chinese. must be bery honest. malays all corrupt.

What the fart! Even if down 50%, they're still mother farting filthy rich.!!

We dont care. You cant cure aging nor death with it. You certainly cant spend it all in your lifetime.

The hidden ones have no effect and must be lauging at these top 50.

That is equivalent to 79 ku nans

Tengku adnan dlm RM1Billion - still a billionaire

Harharhar it's only 7%!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines