7/28/2019 Malaysia's Richest

1/3

Malaysia's RichestMost of Malaysias biggest fortunes didnt change much over the past year.

The net worth of Lee Kim Hua and her family, ranked third on our annual list,

was no exceptionthat casino pile slipped by only 1.5%, to $6.5 billion. But

the family made news in other ways, with high-profile attempts to expand its

gambling empire in the U.S. In October it opened an $830 million casino next

to the Aqueduct horse-racing track in the Queens borough ofNew YorkCity. It

was in the black from day one and a rival at nearby Yonkers Raceway

immediately saw its growth fade.

Next up for Gentinga $4 billion convention center next to the casino that

would be the largest in the country at 3.8 million square feet. That project is

backed by New York States governor but needs a change in the stateconstitution to allow a wider range of casino games than Aqueduct can offer;

the company says it expects an agreement with the state by November. Things

are going less well to the south in Florida. After a big lobbying push for a $3

billion, 5,200-room casino resort inMiami, the state legislature last month

tabled approval of the project for at least another year, sending shares of

Genting Malaysia tumbling 5% in one day.

Lees son, Lim Kok Thay, who runs the Genting Group, is listed separately, at

No. 16, with a $605 million fortune thats down 9% since a year ago. Butanother casino fortune, No. 17 Chen Lip Keongs, jumped 60%, to $600

million. Profits soared at his Hong Kong-listed NagaCorp, which holds a

casino monopoly in Phnom Penh.

Like Lee, who kept her same spot on the list, there was little movement among

the countrys billionaires over the past year. Robert Kuokand Ananda

Krishnan are still Malaysias first and second richest people, worth $12.4

billion and $9.9 billion respectively, and everyone in the top 10 remained

within one place of their ranking last year. The country now has 11 billion-

dollar fortunes, up from 10 last year as brothers Lee Oi Hian and Lee Hau

Hian, who control palm oil and chemical company Batu Kawan, saw their net

worth climb just enough to propel them into the ten-figure ranks.

Click here to see our list of Malaysias 40 Richest Business people.

http://www.forbes.com/places/ny/new-york/http://www.forbes.com/companies/next/http://www.forbes.com/companies/genting/http://www.forbes.com/places/fl/miami/http://www.forbes.com/places/fl/miami/http://www.forbes.com/profile/robert-kuok/http://www.forbes.com/lists/2012/84/malaysia-billionaires-12_land.htmlhttp://www.forbes.com/places/ny/new-york/http://www.forbes.com/companies/next/http://www.forbes.com/companies/genting/http://www.forbes.com/places/fl/miami/http://www.forbes.com/profile/robert-kuok/http://www.forbes.com/lists/2012/84/malaysia-billionaires-12_land.html

7/28/2019 Malaysia's Richest

2/3

Overall the 40 richest are worth a total of $64.4 billion, up $2.3 billion from

2011. Of these, 21 saw their fortunes rise, while 12 suffered a drop. Two

members returned to the list after falling off in the last few years. And three

newcomers were welcomed into the ranks of the richest, notably Ninian

Mogan Lourdenadin, a doctor turned retail magnate who debuted at No. 22with a $500 million net worth.

Rank Name Net Worth (

1 Robert Kuok 12,400

2 Ananda Krishnan 9,900

3 Lee Kim Hua & family 6,500

4 Lee Shin Cheng 5,200

5 Teh Hong Piow 5,000

6 Quek Leng Chan 4,200

7 Syed Mokhtar AlBukhary 3,300

8 Yeoh Tiong Lay 2,600

9Tiong Hiew King 1,500

10 Vincent Tan 1,200

11 Lee Oi Hian & Lee Hau Hian 1,100

http://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Robert-Kuok_ARHN.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Ananda-Krishnan_YK1N.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lee-Kim-Hua-family_6Y8T.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lee-Shin-Cheng_HZCA.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Teh-Hong-Piow_6A16.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Quek-Leng-Chan_S1DG.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Syed-Mokhtar-AlBukhary_KZFR.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Yeoh-Tiong-Lay_3GU2.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Tiong-Hiew-King_CTPL.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Vincent-Tan_WKZS.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lee-Oi-Hian-Lee-Hau-Hian_B2J0.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Robert-Kuok_ARHN.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Ananda-Krishnan_YK1N.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lee-Kim-Hua-family_6Y8T.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lee-Shin-Cheng_HZCA.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Teh-Hong-Piow_6A16.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Quek-Leng-Chan_S1DG.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Syed-Mokhtar-AlBukhary_KZFR.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Yeoh-Tiong-Lay_3GU2.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Tiong-Hiew-King_CTPL.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Vincent-Tan_WKZS.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lee-Oi-Hian-Lee-Hau-Hian_B2J0.html

7/28/2019 Malaysia's Richest

3/3

Rank Name Net Worth (

12 Azman Hashim 900

13 Shahril & Shahriman Shamsuddin 845

14 Mokhzani Mahathir 685

15 Anthony Fernandes 615

16 Lim Kok Thay605

17 Chen Lip Keong 600

18 Jeffrey Cheah 580

19 Kamarudin Meranun 560

20 Lau Cho Kun 525

http://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Azman-Hashim_2IJG.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Shahril-Shahriman-Shamsuddin_5EIC.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Mokhzani-Mahathir_XDC7.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Anthony-Fernandes_395F.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lim-Kok-Thay_9163.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Chen-Lip-Keong_FM4Z.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Jeffrey-Cheah_HCVL.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Kamarudin-Meranun_IRC5.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lau-Cho-Kun_DWZL.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Azman-Hashim_2IJG.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Shahril-Shahriman-Shamsuddin_5EIC.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Mokhzani-Mahathir_XDC7.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Anthony-Fernandes_395F.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lim-Kok-Thay_9163.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Chen-Lip-Keong_FM4Z.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Jeffrey-Cheah_HCVL.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Kamarudin-Meranun_IRC5.htmlhttp://www.forbes.com/lists/2012/84/malaysia-billionaires-12_Lau-Cho-Kun_DWZL.html