Thursday, December 21, 2006

Are You In the List?

1. Robert Kuok

$5.6 billion

83. Married. 8 children.

Got start in 1949 trading rice, sugar and wheat flour. Today heads multinational Kuok Group. His Pacific Carriers Ltd. is a leading dry-bulk shipper in the Pacific basin; his Transmile Group, which transports freight by air, has landing rights in China and India. Also owns 10 Coca-Cola (nyse: KO - news - people ) bottling plants in China.

2 . Ananda Krishnan

$4.6 billion

68. Divorced. 3 children.

Former oil trader's holdings include Maxis Communications, Malaysia's largest cell phone service provider; now entering Indian cell phone market with acquisition of 74% stake in Aircel Ltd. for $1.1 billion. His Tanjong Plc.'s subsidiary, Powertek Berhad, paid $300 million for three Egyptian subsidiaries of energy giant EDF in March. Also controls racetrack betting and lottery systems in Malaysia.

3. Teh Hong Piow

$2.1 billion

76. Married. 4 children.

Former bank clerk used profits from real estate deal to open small bank 1966. Today Public Bank second-largest lender in Malaysia, with 12,800 employees and 251 branches. Public Bank's Islamic banking products and services gaining popularity among Malaysia's Muslims. Loves photography; avid reader.

4. Lee Shin Cheng

$2.05 billion

67. Married. 6 children.

Started out as field supervisor in plantation industry. Now heads IOI, with interests in palm oil, property development and hotels. Set up largest palm oil refinery in Europe, which recently started production. Company's stock up 70% in past year, driven by hype surrounding biofuel (gasoline or diesel mixed with palm oil to cut oil costs and pollution).

5. Quek Leng Chan

$2 billion

65. Married. 3 children.

Heads Hong Leong Group Malaysia, a conglomerate of 14 listed companies traded on various stock exchanges. Includes Asian financial services giant Guoco Group. His Hong Leong Bank has bid an estimated $460 million to buy Hong Kong's Asia Commercial Bank (other-otc: CBDP.PK - news - people ); one of two finalists. His Hong Leong Group is also in talks to sell its OYL Industries Bhd., which makes air conditioners.

6. Lim Goh Tong

$1.5 billion

88. Married. 6 children.

Former public works contractor turned his idea for hilltop resort on outskirts of Malaysia's capital city, Kuala Lumpur, into one of world's most successful casino resorts; his First World Hotel now has 5,675 rooms. Retired in late 2003, handed reins to son Lim Kok Thay (ranked number 10). Wrote autobiography titled My Story.

7. Yeoh Tiong Lay

$1.1 billion

76. Married. 7 children.

Patriarch (otcbb: PRRH.OB - news - people ) of Yeoh family heads YTL Corp., one of Malaysia's largest conglomerates, with interests in construction, utilities, hotels, property development and technology. Son Francis YTL's managing director. Company hopes to benefit from $54 billion development plan recently unveiled by the government. Related Starhill REIT listed in December.

8. Tiong Hiew King

$1.05 billion

70. Married. 3 children.

His Rimbunan Hijau Group got its start in 1975 as a timber contractor. Operations now span Malaysia, New Zealand and Africa. Maintains that his logging operations benefit local communities. In recent years his publishing house, Ming Pao Enterprises, has introduced local editions of Chinese-language daily Ming Pao in cities like San Francisco, New York, Vancouver and Toronto.

To find out who else is on the list read here. *sigh*

2 comments:

Apa itu said...

Hmm...all men over 65!

Francis Ho said...

Huh! So we still have at least another 15 years to catch up! ;)

So who wants to be a BILLIONAIRE?