Forbes Asia has published a list of Malaysia's richest 40. The top 10 list are as follow:
1. Tan Sri Robert Kuok US$5.6b (RM20.55b) - 83
2. Tan Sri Ananda Krishnan US$4.6b (RM16.88b) - 68
3. Tan Sri Teh Hong Piow US$2.1b (RM7.71b) - 76
4. Tan Sri Lee Shin Cheng US$2.05b (RM7.52b) - 67
5. Tan Sri Quek Leng Chan US$2b (RM7.34b) - 65
6. Tan Sri Lim Goh Tong US$1.5b (RM5.51b) - 88
7. Tan Sri Yeoh Tiong Lay US$1.1b (RM4.01b) - 76
8. Tan Sri Tiong Hiew King US$1.05b (RM3.85b) - 70
9. Tan Sri Syed Mokhtar AlBukhary US$1b (RM3.67b) - 54
10. Tan Sri Lim Kok Thay US$440m (RM1.61b) - 54
Changes?
The most apparent changes of the list compare with previous year is Public Bank Berhad's Tan Sri Teh Hong Piow and IOI Group's Tan Sri Lee Shin Cheng overtake Hong Leong's Tan Sri Quek Leng Chan and Genting's Tan Sri Lim Goh Tong.
Quek Leng Chan and Lim Goh Tong used to be in the top 4 together with Robert Kuok and Maxis's Ananda Krishnan.
Tan Sri Teh Hong Piow and Tan Sri Lee Shin Cheng are first generation who create the wealth themselves and not involve in gaming industry like Lim Goh Tong and Ananda Krishnan. Robert Kuok and Quek Leng Chan are second generation. Which mean their father has earn the first million and they inherited some wealth from their father, while Ananda Krishnan and Lim Goh Tong involve in gaming industry which consider a money printing industry.
Industry
Public Bank Berhad's Teh Hong Piow is the only banker in the top 10 list. As Malaysia has a policy of no longer issue banking license to individual. Tan Sri Teh might be the last banker on the list (top 10 list, another bumiputra banker, AmBank Azman appear on top 40 list)
3 persons(2 family) are in gaming industry. Ananda Krishnan via Tanjong and Lim Goh Tong and Lim Kok Thay via Genting.
5 persons (4 family) (40-50%) are involve in power industry. Ananda Krishnan via Tanjong, Lim Goh Tong and Lim Kok Thay via Genting, Yeoh Tiong Lay via YTL Power and Syed Mokhtar AlBukhary via Malakoff. Thus it might be helpful if you involve in power generation or IPP if you want to be on the top 10 list.
That might be the reason why public and blogger are unhappy on IPP contract.
Next: IOI Group: Unilever of Malaysia?
TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market klse
