Sunday, October 26, 2014   

Robert Kuok heads Malaysia’s billionaire ranks
(02-27 17:44)

Ninety-year-old tycoon Robert Kuok heads the list of Malaysia's wealthiest, according to the latest ranking of the top 50 in the country by Forbes magazine.
His wealth is estimated at US$11.5 billion. Forbes said his net worth shrank by US$1 billion compared with last year.
Telecom tycoon Ananda Krishnan was ranked the second richest with a net worth of US$11.3 billion, also down from US$11.7 billion.
Genting Group billionaire Lim Kok Thay, who operates casinos and resorts ranked third with a net worth of US$6.5 billion.
Forbes said the list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts, private data bases, the Companies Commission of Malaysia and other sources. Net worth figures are based on stock prices and exchange rates as of the close of markets on February 12.—The Standard
   
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