Malaysia’s top 40 richest are worth US$51 billion, up from US$36 billion a year ago, and higher than the previous record of US$46 billion registered in 2008.
According to Forbes Asia in its Malaysia Rich List 2010 released today, their combined wealth has risen by 42 per cent, spurred by the country’s economic expansion.
The overall increase in wealth was also in line with the 32 per cent rise in the Kuala Lumpur Composite Index, and the Malaysian ringgit’s 11 per cent gain against the US dollar over the past 12 months, Forbes said.
Topping the rich list again is Tan Sri Robert Kuok who has held the pole position since 2006 when Forbes Asia began ranking the 40 richest Malaysians.
Forbes said the biggest gainer in dollar terms this year, the 86-year-old tycoon’s net worth increased to US$12 billion, a gain of US$3 billion over last year.
Top telecommunications tycoon Ananda Krishnan remains in second place with US$8.1 billion, an increase of US$1.1 billion from a year ago.Click here to read the rest of the article.