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.
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