From the NST
Hong Kong-based Robert Kuok has maintained his position as Malaysia's richest man with a wealth of RM45.7 billion, despite a 8.0 per cent drop in his fortune, followed by T Ananda Krishnan and Public Bank's Tan Sri Teh Hong Piow.
IOI Corporation Bhd’s Tan Sri Lee Shin Cheng maintained fourth spot while the richest Bumiputera entrepreneur in the country is Tan Sri Syed Mokhtar Albukhary who came in fifth, according to Malaysian Business in a report on the 40 richest Malaysians.
Flamboyant AirAsia chief executive officer, Tan Sri Tony Fernandes was ranked as 15th with a weath of RM1.77 billion.
Malaysian Business said the wealth of the top 40 richest Malaysians was based on the value of their stake in listed companies as at Jan 20, 2012.
Ananda narrowed the gap with Kuok with a wealth of RM42.99 billion, but it was down by about 6.0 per cent this year, from 2011.
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