Cover Who are the Malaysian billionaires in Forbes' 2022 richest list?

Robert Kuok remains the richest Malaysian while the newcomers on the billionaires' list include WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming

Forbes' 36th annual ranking of the world’s richest in 2022 saw a total of 2,668 billionaires on the list compared to the 2,755 featured last year. Despite the economic repercussions of the pandemic, war and other factors, a total of 236 newcomers made it into the billionaire’s list this year (257 fewer than the newcomers featured in last year’s list).

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Meanwhile, the Malaysian newcomers to join the billionaires’ club this year are WTK Holdings Bhd director Wong Kie Chie, who ranks at #1818 with an estimated net worth of US$1.6 billion (approximately RM6.7 billion), and PMB Technology Bhd founder and CEO Koon Poh Ming, ranking #2190 on the list with an estimated net worth of US$1.3 billion (RM5.4 billion).

Read on to find out the 10 richest Malaysians on the Forbes’ list this year.

1. Tan Sri Robert Kuok

Topping the list again is Tan Sri Robert Kuok of the Kuok Group, with a net worth of US$11.7 billion (RM49.3 billion), down from last year's US$12.2 billion. The media shy billionaire also owns Kerry Properties, which recently won a land rights bid for properties in a top Shanghai district for US$2.1 billion in January 2022.

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2. Tan Sri Quek Leng Chan

Hong Leong Group’s Tan Sri Quek Leng Chan is next in line, with an estimated net worth of US$10.6 billion (RM44.7 billion), up from US$9.7 billion last year. In February 2022, Chan also became the third Malaysian alongside Tan Sri Robert Kuok and Public Bank Group's Tan Sri Teh Hong Piow to be featured in the Bloomberg Billionaires Index top 500 list.

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3. Tan Sri Teh Hong Piow

Tan Sri Teh Hong Piow founded Public Bank back in 1965 at the age of 35. Today, he is the third richest man in Malaysia with an estimated net worth of US$5.9 billion (approximately RM24.8 billion). 

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4. Tan Sri Ananda Krishnan

Malaysian telecom and oil tycoon Tan Sri Ananda Krishnan is fourth on the list, with net worth valued at US$5.7 billion (RM24 billion). According to a report by The Edge Markets, Krishnan still holds a 34.8 per cent stake in oilfield services provider Bumi Armada and a 62.32 per cent stake in telecoms company Maxis.

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5. Tan Sri Koon Poh Keong

The group CEO of Southeast Asia's largest integrated aluminum producer Press Metal, Tan Sri Koon Poh Keong climbed from #727 on the billionaire's list last year to #523, boasting a net worth of US$5.2 billion (RM21.9 billion). 

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6. Dato' Lee Yeow Chor and Lee Yeow Seng

IOI Group managing director and chief executive Dato' Lee Yeow Chor inherited the business from his late father Tan Sri Dato' Lee Shin Cheng, along with his younger brother Lee Yeow Seng, who is the executive vice chairman of IOI Properties Group. Together, their net worth is US$4.8 billion (RM20.2 billion).   

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7. Tan Sri Chen Lip Keong

With an estimated net worth of US$2.6 billion (RM10.9 billion), NagaCorp chief executive officer and entrepreneur Tan Sri Chen Lip Keong is the seventh richest man in Malaysia. 

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8. Tan Sri Lau Cho Kun

The nephew of Hap Seng Group founder, the late Tan Sri Lau Gek Poh, Tan Sri Lau Cho Kun is the largest shareholder in Hap Seng Consolidated. His net worth is an estimated US$2.1 billion (RM8.8 billion).

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9. Kuan Kam Hon

Self-made tycoon Kuan Kam Hon founded Hartalega Holdings in 1988, a company that has since become the world’s largest maker of nitrile gloves. Despite a drop in Hartalega’s shares in 2021, Kuan and his family are the ninth richest in Malaysia, boasting a net worth of US$2 billion (RM8.4 billion).

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10. Tan Sri Lim Kok Thay

With a net worth of US$2 billion (RM8.4 billion), Genting Singapore chairman Tan Sri Lim Kok Thay holds his spot among the 10 richest in Malaysia. Despite stepping down as chairman and CEO of Genting Hong Kong in February 2022, Lim recently announced plans to invest S$400 million (RM1.2 billion) to revamp the group's casino resort and theme park in Singapore. 

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