The 40 wealthiest Malaysians are worth
US$62.1bil (RM188.32bil), up by US$11.1bil RM33.7bil) compared with
last year, according to the latest rich list published by Forbes Asia.
In a statement yesterday, Forbes Asia said the combined wealth was almost 22% more than the list in 2010.
Mexico’s Carlos Slim beat Bill Gates and Warren Buffett for the top
“The better coffers come on the back of
the country’s healthy economy which grew 7.2% last year, the highest
rate since 2000,” it said.
The first two spots were still occupied by Tan Sri Robert Kuok Hock Nien and Tan Sri T. Ananda Krishnan, respectively.
The first two spots were still occupied by Tan Sri Robert Kuok Hock Nien and Tan Sri T. Ananda Krishnan, respectively.
1. Kuok, 87, has held pole position since 2006 when Forbes Asia began ranking the 40 richest Malaysians.
He was worth US$12.5bil (RM38bil), up by half a billion from last year. His biggest source of wealth was his stake in Wilmar International, the
world’s largest listed palm oil company.
2. Ananda, 72, was at No 2 with
US$9.5bil (RM28.83bil), up from US$8.1bil (RM24.6bil) last year.His
Maxis Communications Bhd is Malaysia’s biggest cellphone service
provider.
3. At No 3 is this year’s biggest gainer
in dollar terms, Puan Sri Lee Kim Hua. The 81-year-old, widow of casino
magnate Tan Sri Lim Goh Tong, was one of three women on the list this
year.
Her Genting shares took off when the company’s Singapore operations on Sentosa Island opened, boosting the family’s net worth by US$2.7bil (RM8.2bil) to US$6.6bil (RM20.03bil) from a year ago.
Her Genting shares took off when the company’s Singapore operations on Sentosa Island opened, boosting the family’s net worth by US$2.7bil (RM8.2bil) to US$6.6bil (RM20.03bil) from a year ago.
4. Tan Sri Lee Shin Cheng, who built IOI
Group into one of the world’s biggest palm oil producers, fell down a
spot at No 4 with a net worth of $5bil (RM15.2bil), up by US$400mil
(RM1.21bil) from last year.
AirAsia Bhd’s Datuk Seri Tony Fernandes, budget airline pioneer
and Forbes Asia’s 2010 Businessman of the Year, was ranked No 20 this
year, down one spot from last year despite his wealth increasing to
US$470mil (RM1.43bil) from US$330mil (RM1bil) last year.
The only newcomer this year was Chia
Song Kun at No 24 with US$400mil (RM1.21bil). The share price of his QL
Resources Bhd, the seafood, egg production and palm oil company, has
doubled since last year.
Datuk Tony Tiah Thee Kian at No 35 was
the only returnee to the list after a year’s absence as stocks in his TA
Enterprise Bhd have recovered. He was worth US$170mil (RM516mil).
Not all did well, however, as there were
three this year who saw their wealth reduced, led by Tan Sri Vincent
Tan at No 9. The self-made entrepreneur, who runs Berjaya Group, saw his
wealth decline to US$1.25bil (RM3.8bil) from US$1.6bil (RM4.9bil) last
year.
Timber tycoon Tan Sri Tiong Hiew King
was the only person who did not see any changes to his wealth. He was
still worth US$1.2bil (RM3.64bil) and ranked No 10.
TOP 10 RICHEST WORLD 2010
1. The net worth of Carlos Slim, 70, who built a telecommunications empire after buying Mexico’s state-run phone monopoly two decades ago, rose $18.5 billion to $53.5 billion.
2. Bill Gates, 54, chairman of Microsoft Corp., fell to second as his net worth increased $13 billion to $53 billion.
3. Warren Buffett, 79, chairman of Berkshire Hathaway Inc., was third with $47 billion, a rise of $10 billion.
4. Asia’s richest person, Mukesh Ambani, 52, of India, chairman of Mumbai-based refiner and energy explorer Reliance Industries Ltd., was ranked fourth with $29 billion, up from $19.5 billion last year, when he was seventh.
5. Lakshmi Mittal, 59, also of India, the chief executive officer of the world’s biggest steelmaker, ArcelorMittal, rose to fifth from eighth. Mittal’s net worth increased $9.4 billion to $28.7 billion as shares of his company have almost doubled in the past year.
6. Larry Ellison, 65, chief executive of Oracle Corp., fell to sixth from fourth as his net worth increased $5.5 billion to $28 billion.
7. Bernard Arnault, 61, of France, chairman and chief executive of luxury goods maker LVMH Moet Hennessy Louis Vuitton SA, rose to seventh from 15th as his net worth jumped $11 billion to $27.5 billion.
8. Batista’s Climb Brazilian mining magnate Eike Batista, 53, had the biggest increase in net worth, rising to $27 billion from $7.5 billion and boosting his rank to eighth from 61st.
9. Spain’s richest man, Amancio Ortega, 73, chairman and founder of clothing retailer Inditex SA, rose to ninth from 10th as his net worth jumped $6.7 billion to $25 billion.
10. Karl Albrecht, a co-founder of discount retailer Aldi Group, rounded out the list’s top 10, falling to 10th from sixth place as his net worth rose $2 billion to $23.5 billion.
The number of billionaires climbed to 1,011 from 793 last year, although still below the rankings’ high of 1,125 in 2008. Their cumulative net worth increased to $3.6 trillion from $2.4 trillion, and the average jumped $500 million to $3.5 billion as the world economy began to rebound from its worst slump since the Great Depression.
The list includes billionaires from 55 countries. The U.S. has the most with 403, up from 359 last year, while Europe follows with 248. The Asia-Pacific region has 234 people in the rankings, up from 130 in 2009, including 62 newcomers.
“The global boom that we experienced from the 1980s, particularly since the fall of the Berlin Wall in 1989, which was temporarily derailed in 2007, now looks like it’s beginning to get back on track,” the magazine’s editor-in-chief, Steve Forbes, said at a press conference in New York today. “But Asia and a handful of others are surging, relatively the United States and western Europe are lagging.”
The Forbes rankings are based on information including stakes in publicly traded and privately held companies; real estate holdings; and investments in items such as art, gems and yachts; and compiled as of the close of U.S. markets on Feb. 12.
TOP 10 RICHEST WORLD 2010
1. The net worth of Carlos Slim, 70, who built a telecommunications empire after buying Mexico’s state-run phone monopoly two decades ago, rose $18.5 billion to $53.5 billion.
2. Bill Gates, 54, chairman of Microsoft Corp., fell to second as his net worth increased $13 billion to $53 billion.
3. Warren Buffett, 79, chairman of Berkshire Hathaway Inc., was third with $47 billion, a rise of $10 billion.
4. Asia’s richest person, Mukesh Ambani, 52, of India, chairman of Mumbai-based refiner and energy explorer Reliance Industries Ltd., was ranked fourth with $29 billion, up from $19.5 billion last year, when he was seventh.
5. Lakshmi Mittal, 59, also of India, the chief executive officer of the world’s biggest steelmaker, ArcelorMittal, rose to fifth from eighth. Mittal’s net worth increased $9.4 billion to $28.7 billion as shares of his company have almost doubled in the past year.
6. Larry Ellison, 65, chief executive of Oracle Corp., fell to sixth from fourth as his net worth increased $5.5 billion to $28 billion.
7. Bernard Arnault, 61, of France, chairman and chief executive of luxury goods maker LVMH Moet Hennessy Louis Vuitton SA, rose to seventh from 15th as his net worth jumped $11 billion to $27.5 billion.
8. Batista’s Climb Brazilian mining magnate Eike Batista, 53, had the biggest increase in net worth, rising to $27 billion from $7.5 billion and boosting his rank to eighth from 61st.
9. Spain’s richest man, Amancio Ortega, 73, chairman and founder of clothing retailer Inditex SA, rose to ninth from 10th as his net worth jumped $6.7 billion to $25 billion.
10. Karl Albrecht, a co-founder of discount retailer Aldi Group, rounded out the list’s top 10, falling to 10th from sixth place as his net worth rose $2 billion to $23.5 billion.
The number of billionaires climbed to 1,011 from 793 last year, although still below the rankings’ high of 1,125 in 2008. Their cumulative net worth increased to $3.6 trillion from $2.4 trillion, and the average jumped $500 million to $3.5 billion as the world economy began to rebound from its worst slump since the Great Depression.
The list includes billionaires from 55 countries. The U.S. has the most with 403, up from 359 last year, while Europe follows with 248. The Asia-Pacific region has 234 people in the rankings, up from 130 in 2009, including 62 newcomers.
“The global boom that we experienced from the 1980s, particularly since the fall of the Berlin Wall in 1989, which was temporarily derailed in 2007, now looks like it’s beginning to get back on track,” the magazine’s editor-in-chief, Steve Forbes, said at a press conference in New York today. “But Asia and a handful of others are surging, relatively the United States and western Europe are lagging.”
The Forbes rankings are based on information including stakes in publicly traded and privately held companies; real estate holdings; and investments in items such as art, gems and yachts; and compiled as of the close of U.S. markets on Feb. 12.
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