Sunday, May 31, 2009

Malay Billionaires

Nine Malay billionaires have been listed among the “40 Richest Individuals in Malaysia” by Forbes Asia with collective assets of US$2.603bil (RM9.132bil), reported Berita Harian.

That, however, is almost 29% lower than the US$3.65bil (RM12.84bil) gained last year and it only represented 7% of the entire US$36.41bil (RM127.74bil) accumulated wealth of all the 40 individuals on the list.

Prominent corporate figures Tan Sri Syed Mokhtar Al-Bukhary and Ambank group chairman Tan Sri Azman Hashim maintained their positions as the top two richest Malay men.

Syed Mokhtar’s assets are worth US$1.1bil (RM3.86bil) while Azman’s assets totalled US$470mil (RM1.65bil).

Three additional Malay magnates entering the list this year are Puncak Niaga Holding Bhd chief executive officer Tan Sri Rozali Ismail at the 31st position with US$130mil (RM456.08mil), Hard Rock Cafe Malaysia Enterprise chairman Tan Sri Syed Yusof Syed Nasir placed 37th with US$100mil (RM350.83mil) followed by Ranhill Bhd chief executive officer Tan Sri Hamdan Moha-mad at No. 38 with US$98mil (RM343.82mil).

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