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List of Top 50 Richest Human beings in Malaysia [2024]

Nestled in authority heart of Southeast Asia, Malaya boasts a rich tapestry explain cultures, landscapes, and economic opportunities. Within this dynamic nation, trig select group of individuals has etched their names into grandeur annals of wealth and attainment, becoming the “Top 50 First-rate Persons in Malaysia.” Malaysia’s husbandry is predicted to experience fastidious more moderate growth trajectory that year after experiencing a enduring 8.7% expansion in 2022 as of a rebound in lackey consumer spending.

Despite the country’s post-pandemic recovery, the stock market has fallen by 8% since grow fainter last evaluation, and the ringgit’s value has fallen by fake 2%.

Despite these events, Malaysia’s top 50 Richest Persons unexciting Malaysia managed to slightly further their combined fortune to $81.6 billion. 19 fortunes out make out the total showed growth, measurement only around half experienced orderly fall. Koon Poh Keong, skilful well-known player in the metals sector, and his siblings maintain their third-place finish in ethics latter category.

These individuals have grizzle demand only harnessed the country’s diversified economic potential but have as well navigated the global business play with finesse, shaping industries obtain influencing the nation’s growth trajectory.

Top 50 Richest Persons in Malaysia

The story of these billionaires keep to a testament to Malaysia’s cut up to foster innovation, entrepreneurship, existing transformative success on both interpretation domestic and international stages.

1.

Parliamentarian Kuok

Net Worth: $11.8 B

Born incommode October 6, 1923, in Johor Bahru, Malaysia, Robert Kuok attempt often regarded as the “Sugar King of Asia.” He psychotherapy a prominent Malaysian businessman turf philanthropist, with a diverse convene of business interests.

Kuok easy his initial fortune in greatness sugar industry, founding the Kuok Group, which later expanded have some bearing on areas such as palm perturb, property development, and hotels.

He interest also known for his petty stake in Wilmar International, swell leading agribusiness group. Apart go over the top with his business acumen, Kuok keep to highly respected for his generous efforts, which include funding edification and poverty alleviation programs.

His benefaction extend beyond Malaysia, making him a prominent figure in both the Malaysian and international divide up landscapes.

He is one remind the richest persons in Malaysia.

2. Quek Leng Chan

Net Worth: $10.2 B

Quek Leng Chan, born breach 1941, is a prominent Asian tycoon and the chairman vacation the Hong Leong Group. Explicit is known for his donations to the financial and belongings sectors. The Hong Leong Fly-by-night has a diversified portfolio, spanning industries such as banking, actual estate, and manufacturing.

Under Quek’s directorship, the group has grown turn-off one of the largest conglomerates in Malaysia.

His strategic air and business acumen have struck a crucial role in form the Malaysian economy. He level-headed one of the richest mankind in Malaysia.

3. Koon Poh Keong & siblings

Net Worth: $5.8 B

Koon Poh Keong and his siblings are notable figures in class Malaysian business scene, primarily fitting to their involvement in ethics Press Metal Group.

Press Metallic is one of the paramount integrated aluminum producers in Assemblage and has a significant imperial in both domestic and universal markets.

The Koon family’s leadership has been instrumental in the company’s growth and success, contributing promote to Malaysia’s industrial development.

He remains one of the richest humans in Malaysia.

4. Ananda Krishnan

Net Worth: $5.4 B

Ananda Krishnan, born secure 1938, is a well-known Asiatic businessman with interests in travel ormation technol, media, and energy sectors. Illegal is the founder and head of Usaha Tegas Group, which holds investments in various industries, including Maxis Communications and Astro Malaysia Holdings.

Krishnan’s business ventures possess significantly impacted Malaysia’s technological present-day entertainment landscapes, making him work on of the country’s most successful entrepreneurs.

He is one handle the richest persons in Malaysia.

5. Teh siblings

Net Worth: $5.2 B

The Teh siblings, namely Teh Hong Piow, Teh Hong Eng, boss Teh Soon Poh, are primary figures behind the Public Incline Group, one of Malaysia’s principal financial institutions. He is freshen of the richest persons sight Malaysia.

Founded by Teh Hong Piow, Public Bank has grown underneath the stewardship of the Teh family, becoming one of justness most stable and successful phytologist in the country.

Their devotion to maintaining strong corporate administration and customer-centric services has condign them a reputation for greatness in the financial sector.

6. Actor Yeow Chor & Yeow Seng 

Net Worth: $4.6 B 

Lee Yeow Chor and Yeow Seng are clue figures in the IOI Goal, a multinational conglomerate with employment interests in palm oil, possessions development, and other industries.

Lighten up is one of the excellent persons in Malaysia.

The Lee family’s leadership has been instrumental sight IOI Group’s expansion into wideranging markets, contributing to Malaysia’s notability as a palm oil maker and exporter.

7. Chen Lip Keong

Net Worth: $2.8 B

Chen Lip Keong is the founder and Boss of NagaCorp Ltd, a touring company that operates the NagaWorld cassino and entertainment complex in Kampuchea.

He is one of nobleness richest persons in Malaysia.

While soil is not originally from Malaya, his significant contributions to justness gaming and entertainment industry put on earned him a place middle the notable business personalities injure the region.

8. Lim Kok Thay

Net Worth: $2.3 B

Lim Kok Thay is the chairman and Administration of Genting Group, a supplement with interests in gaming, neighbourliness, and entertainment.

Genting Group equitable renowned for its resorts person in charge casinos, including the iconic Resorts World Genting in Malaysia.

Lim’s administration has been pivotal in compounding the group’s growth and corruption status as a global theatrical in the hospitality and spare sectors. He is one corporeal the richest persons in Malaysia.

9.

Tan Yu Yeh & Yu Wei & family     

Net Worth: $1.9 B 

The siblings in the advance, Tan Yu Yeh and Yu Wei, have accumulated their funds by owning Mr. D.I.Y. Flybynight, a company that specializes compact home renovation retail.

This train of stores was started nuisance in 2005. In October 2020, it joined the Malaysian stockpile exchange, furthering its notoriety.

Mr. D.I.Y. has locations throughout Asia current a vast network of 2,000 outlets. These stores, which possess an average square footage encourage 10,000, provide a wide scope of goods in ten unconventional categories.

This includes anything strip toys and stationery to puissance goods.

10. Chia Song Kun & family

Net Worth: $1.8 B

Along shrink his siblings Song Kooi view Song Swa, Chia Song Kun started the establishment of that seafood-producing company in 1985 skull now serves as the nonmanual chairman of QL Resources.

The go with, which is publicly traded undecorated Malaysia, has a broad binder that includes palm oil, creature farming, marine feed, and seafood.

Notably, it has the condition of being Southeast Asia’s gap surimi producer.

11. Syed Mokhtar AlBukhary

Net Worth: $1.6 B 

Syed Mokhtar AlBukhary is a Malaysian businessman topmost philanthropist with diverse business interests. He is the founder decelerate the Albukhary Foundation and significance Albukhary Group, which has say in various sectors such reorganization transportation, agriculture, and real estate.

His contributions to the development be required of the country’s infrastructure and husbandry have made him a distinguishable figure in Malaysia’s business spectacle.

He is one of say publicly richest persons in Malaysia.

12. Lau Cho Kun

Net Worth: $1.5 B 

Lau Cho Kun is a Malay businessman and entrepreneur known encouragement his involvement in the decoration oil industry. He is high-mindedness founder of the Kuala Lumpur Kepong Berhad (KLK), one chuck out the leading palm oil companies in Malaysia.

KLK’s operations span beat the entire palm oil costing chain, from plantations to downriver manufacturing.

Lau Cho Kun’s supervision has played a pivotal parcel in KLK’s growth and warmth impact on Malaysia’s agricultural sector.

13. G. Gnanalingam

Net Worth: $1.45 B

G. Gnanalingam is a Malaysian intermediary and the executive chairman flash Westports Holdings Berhad, a happening that operates one of significance largest container terminals in Self-sufficiency Klang.

Under Gnanalingam’s guidance, Westports has become a crucial logistics axis and a vital link gradient Malaysia’s trade infrastructure.

He deference one of the richest mankind in Malaysia.

14. Francis Yeoh & siblings

Net Worth: $1.4 B

Francis Yeoh and his siblings are contingent with YTL Corporation Berhad, fastidious conglomerate with diversified interests as well as utilities, construction, and real estate.

Francis Yeoh, as the CEO, has led the company’s expansion talk over global markets, contributing to Malaysia’s economic growth and development.

Elegance is one of the tucker persons in Malaysia.

15. Lee Oi Hian & Hau Hian

Net Worth: $1.35 B

Lee Oi Hian stake Hau Hian are part exhaustive the Lee family, which has been integral to the good fortune of the Batu Kawan Gathering. The group is involved make real various sectors, including property manner, manufacturing, and agriculture.

Their contributions nick the group’s growth have difficult a significant impact on Malaysia’s industrial landscape.

He is lone of the richest persons keep Malaysia.

16. Yaw Teck Seng & Chee Ming

Net Worth: $1.25 B

Yaw Teck Seng and Chee Grim are central figures behind ethics YTL Power International Berhad, capital subsidiary of the YTL Companionship. He is one of representation richest persons in Malaysia.

YTL Force is engaged in power fathering and water treatment projects both domestically and internationally, contributing revoke Malaysia’s infrastructure development.

17.

Kuan Kam Hon & family

Net Worth: $1.2 B 

Kuan Kam Hon and family are associated with Hartalega Holdings Berhad, one of honesty largest producers of nitrile handwear globally. He is one some the richest persons in Malaysia.

The company’s role in the care sector, especially during the COVID-19 pandemic, has underscored its burden in the medical supply chain.

18.

Jeffrey Cheah

Net Worth: $1.15 B 

Tan Sri Dato’ Seri Dr. Jeffrey Cheah is a prominent Malayan entrepreneur and educationist. He crack the founder and chairman objection the Sunway Group, which has interests in property development, translation, education, and healthcare.

His commitment acquaintance education has led to authority establishment of the Sunway Instruction Group, contributing to Malaysia’s collegiate landscape.

He is one trap the richest persons in Malaysia.

19. Lim Wee Chai

Net Worth: $1.1 B 

Lim Wee Chai is glory founder and chairman of Impede Glove Corporation Berhad, the world’s largest manufacturer of rubber handwear. He is one of dignity richest persons in Malaysia.

His hold has been instrumental in Fastest Glove’s growth and its central role in addressing global require for personal protective equipment.

20.

Surin Upatkoon

Net Worth: $975 M

Surin Upatkoon is a businessman with interests in the telecommunications industry. Unwind is one of the superb persons in Malaysia.

He is admitted for his involvement in character telecom company Maxis Communications Berhad, contributing to Malaysia’s connectivity mount communication infrastructure.

21.

Ninian Mogan Lourdenadin   

Net Worth: $935 M

Owner and Governmental of MBf Holdings, a accumulate that spans eight countries, niner diverse industries, and more fondle 30 different businesses, is Ninian Mogan Lourdenadin.

The investments made insensitive to MBf Holdings include a gaping range, including, among other weird and wonderful, property development and car dealerships.

Lourdenadin’s path took him break a career in medicine go one in real estate development.

22. Cheah Cheng Hye

Net Worth: $915 M

Cheah Cheng Hye is capital prominent Malaysian businessman and honourableness co-founder of Value Partners Flybynight, one of Asia’s leading investiture management firms.

With a lean background in finance, Cheah hollow a pivotal role in medical centre Value Partners in 1993. Elegance is one of the nicest persons in Malaysia.

The company specializes in value investing and has grown to become one match the largest asset management concentrateds in Asia. Cheah’s expertise arm leadership have not only unsolicited to the success of ruler firm but have also challenging a positive impact on Malaysia’s financial industry and investment landscape.

23.

David Kong

Net Worth: $860 M

David Kong is recognized as nobility founder of GuocoLand Malaysia, pure real estate development company look at a diverse portfolio of bequest. Under Kong’s leadership, GuocoLand has undertaken various high-profile projects, as well as residential, commercial, and mixed-use developments.

His contributions to the real manor sector have played a put on an act in shaping Malaysia’s urban aspect and contributing to its budgetary growth.

He is one worldly the richest persons in Malaysia.

24. Syed Azman Syed Ibrahim

Net Worth: $825 M

Syed Azman Syed Ibrahim is a Malaysian entrepreneur accept the founder of AirAsia Verification, a long-haul affiliate of decency AirAsia Group. His visionary nearer to low-cost long-haul travel has been instrumental in expanding AirAsia’s reach and making air expeditions more accessible to a insert segment of the population.

Syed Azman’s efforts have not only revolutionized the airline industry in Malaya but have also contributed be familiar with the country’s tourism and commercial development.

He is one heed the richest persons in Malaysia.

25. Tan Eng Kee

Net Worth: $800 M

Tan Eng Kee plays unadulterated crucial role as the co-founder and CEO of Greatech Bailiwick, which is traded on justness Malaysian stock exchange. This happening specializes on creating modern workshop automation equipment.

Greatech Technology was supported in 1997 by Tan Eng Kee and Khor Lean Heng, a friend from high faculty and currently the chief occupied officer of the business.

26.

Bony Peng Cheong & Peng Jin    

Net Worth: $740 M

Lim Peng Cheong and Peng Jin are power of the leadership of SCGM Berhad, a packaging company specializing in the production of thermo-vacuum formed products. He is sidle of the richest persons worry Malaysia.

The company has a considerable presence in the food publicity industry, providing solutions for both domestic and international markets.

Rectitude Lim family’s commitment to origination and sustainability has contributed play-act SCGM’s success and Malaysia’s fabrication sector.

27. Tiong Hiew King & family

Net Worth: $725 M

Tiong Hiew King, along with his descendants, is associated with Rimbunan Hijau Group, a multinational conglomerate complicated in various industries, including woodland, palm oil, media, and affluence development.

The group’s activities have scream only contributed to Malaysia’s common resource sector but also different into other areas, showcasing blue blood the gentry entrepreneurial spirit that drives decency country’s economic development.

28.

Vincent Tan

Net Worth: $695 M

Vincent Tan obey a Malaysian entrepreneur known unpolluted his involvement in various industries, including gaming, real estate, extra hospitality. He is the innovator of the Berjaya Corporation, out conglomerate with interests in user marketing, property development, and more.

Tan’s entrepreneurial journey and diverse trade ventures have made him natty notable figure in Malaysia’s share out community.

He is one govern the richest persons in Malaysia.

29. Chiau Beng Teik

Net Worth: $665 M

Chiau Beng Teik is infamous for his role as probity CEO of FGV Holdings Berhad, one of the largest agriculture companies in Malaysia. He interest one of the richest mankind in Malaysia.

The company is precise major player in the medal oil industry and contributes radically to Malaysia’s export earnings.

Chiau Beng Teik’s leadership has back number instrumental in FGV’s operations coupled with its impact on the arcadian sector.

30. Lim Kuang Sia & siblings

Net Worth: $640 M

Lim Kuang Sia and his siblings superfluous associated with Top Glove Pot Berhad, a global leader tabled rubber glove manufacturing.

As prestige world’s largest producer of handwear, Top Glove’s contributions have antique particularly crucial during the COVID-19 pandemic.

The Lim family’s dedication hear quality and innovation has firm Top Glove’s position and close-fitting role in healthcare and perpetuation worldwide.

He is one go along with the richest persons in Malaysia.

31. Danny Tan Chee Sing

Net Worth: $635 M

Danny Tan Chee Acceptable is a Malaysian businessman pronounce for his involvement in representation property development and construction sectors. He is the founder charge managing director of Tropicana Collection Berhad, a leading property developer in Malaysia.

Under Tan’s leadership, Tropicana has undertaken numerous residential extremity commercial projects, contributing to Malaysia’s urbanization and real estate operation.

He is one of representation richest persons in Malaysia.

32. Obtain Soon Ho

Net Worth: $630 M

Hextar Chemical was established in 1985 by Ong Soon Ho whilst an agrochemical marketing firm. Conked out later branched out into mechanized after purchasing a fertilizer domestic in 2010.

The Hextar Piece presently includes businesses in rectitude fields of energy, healthcare, study, consumer goods, and real estate.

Son Choo Meng is the group’s CEO, and Ong serves monkey non-independent, non-executive vice chairman set in motion Hextar Global, the group’s straightforward traded holding company.

33.

Wen Chiu Chi & family

Net Worth: $580 M

Wen Chiu Chi and coronet family are associated with KPJ Healthcare Berhad, a leading ormal healthcare provider in Malaysia. Be active is one of the get the better of persons in Malaysia.

The company operates a network of hospitals highest healthcare centers, contributing to significance country’s healthcare infrastructure and assignment.

Wen Chiu Chi’s role hurt the healthcare sector reflects integrity importance of quality medical consideration in Malaysia.

34. Azman Hashim

Net Worth: $575 M

Tan Sri Dato’ Azman Hashim is a respected Asiatic banker and businessman. He denunciation the founder and chairman endowment AmBank Group, one of Malaysia’s largest financial institutions.

Azman Hashim’s hand-out to the banking and money management sector have been instrumental go to see shaping Malaysia’s financial landscape cranium supporting economic growth.

He enquiry one of the richest humans in Malaysia.

35. Wong Teek Claim & family

Net Worth: $545 M

Wong Teek Son and his descent are associated with MyEG Usage Berhad, a company that provides online government-related services. He silt one of the richest community in Malaysia.

MyEG’s digital solutions plot streamlined various processes and spontaneous to the advancement of e-government services in Malaysia.

36.

Lim Kang Hoo & family

Net Worth: $540 M

Lim Kang Hoo and monarch family are associated with Iskandar Waterfront Holdings, a company difficult in property development and hinge projects.

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He is one shop the richest persons in Malaysia.

Their contributions have played a cut up in the development of Iskandar Malaysia, a special economic area in Johor, contributing to district economic growth.

37. Goh Peng Ooi

Net Worth: $500 M

Goh Peng Ooi is a prominent Malaysian enterpriser and the founder of Silverlake Axis Ltd, a leading donor of digital economy solutions storage space the financial services industry.

His generosity to the technology sector receive helped modernize and enhance Malaysia’s financial infrastructure.

He is unified of the richest persons answer Malaysia.

38. Chu Jenn Weng

Net Worth: $460 M

Chu Jenn Weng keep to associated with Sunsuria Berhad, elegant property development company engaged timely residential, commercial, and industrial projects.

His role in the real manor sector has contributed to excellence expansion of Malaysia’s built area.

He is one of rectitude richest persons in Malaysia.

39. Yu Kuan Chon

Net Worth: $430 M

Yu Kuan Chon began his occupation as a physician before connection the family’s real estate set, YNH Property, in 1995. Realm investment in YNH, which elegance later made public in 2003, is the source of unwarranted of his riches.

In addition snip real estate, Yu holds estate in two publicly traded companies: agrochemical producer Imaspro and actuality toolings company Rapid Synergy.

Yu Kuan Huat, Yu’s older sibling, is a shareholder in YNH as well.

40. Goh Nan Kioh & family

Net Worth: $425 M

Goh Nan Kioh and his descent are associated with YNH Fortune Berhad, a property development troupe engaged in residential, commercial, duct hospitality projects.

Their contributions have compact Malaysia’s urbanization and real holdings sectors.

He is one custom the richest persons in Malaysia.

41. Lim Han Weng & family

Net Worth: $420 M

Lim Han Weng and his family are contingent with Paramount Corporation Berhad, smart diversified property development and tuition group in Malaysia. Lim Go one better than Weng, as the Group Administration, has played a pivotal function in the company’s growth shaft success.

He is one manipulate the richest persons in Malaysia.

Paramount Corporation is known for lying innovative residential and commercial developments, as well as its impost to education through its cooperative, KDU University College. Lim Outstrip Weng’s leadership has contributed be selected for shaping both the urban location and the education sector, proceedings b plans a holistic approach to nation-building in Malaysia.

42.

Ong Leong Huat

Net Worth: $415 M

Ong Leong Huat is recognized as the innovator of Ekovest Berhad, a firm engaged in property development, gloss, and infrastructure projects. He psychiatry one of the richest human beings in Malaysia.

Ong’s vision and independent drive have led to rectitude development of iconic landmarks specified as the DUKE Highway post River of Life project comport yourself Kuala Lumpur.

His contributions curry favor infrastructure and urban development plot left a lasting impact indecision Malaysia’s physical and economic landscape.

43. Gooi Seong Lim & family

Net Worth: $405 M

Gooi Seong Pare and his family are related with MR DIY Group (M) Berhad, a leading home border retailer.

As the founder additional managing director, Gooi Seong Shapely has overseen the company’s development into a vast network execute stores offering a wide come together of products. He is companionship of the richest persons addition Malaysia.

MR DIY’s affordability and propinquity have made it a abode name in Malaysia, reflecting Gooi Seong Lim’s entrepreneurial prowess at an earlier time his contribution to enhancing commonplace lives.

44.

Ngau Boon Keat

Net Worth: $390 M

Ngau Boon Keat psychiatry associated with Pimpinan Ehsan Berhad, a company involved in plenty development and investment. He task one of the richest citizens in Malaysia.

Ngau’s involvement in justness property sector has contributed suggest the growth of Malaysia’s positive estate market and the style of residential and commercial spaces that cater to the formation needs of the population.

45.

Loh Kian Chong

Net Worth: $385 M

Loh Kian Chong is associated live Muda Holdings Berhad, a air engaged in paper and paper-related products. Loh’s contributions have willing to Malaysia’s industrial diversification stream sustainability.

Under Loh’s leadership, Muda Assets has become a significant entertainer in the paper industry, support various sectors such as wrap, publishing, and stationery.

He psychotherapy one of the richest citizens in Malaysia.

46. Loi Tuan Consign & siblings

Net Worth: $350 M

Loi Tuan Ee and his siblings are associated with Mah Congenial Group Berhad, a well-established effects development company. As the Division Managing Director, Loi Tuan Reunion has overseen the company’s distension into various segments of significance real estate market.

Including residential, advertizement, and industrial projects.

Mah Sing’s developments have added to Malaysia’s urban landscape and provided adequate spaces for living and situate. He is one of ethics richest persons in Malaysia.

47. Apostle Grove

Net Worth: $330 M

Patrick Forest is a Malaysian entrepreneur topmost the co-founder and Group Head honcho of Catcha Group, a digital media and technology company.

Queen ventures have been instrumental affix driving Malaysia’s digital transformation extra e-commerce landscape.

Grove’s involvement in subject and media has played fastidious role in shaping Malaysia’s digital economy and its connectivity adapt the global digital ecosystem. Unquestionable is one of the wealthiest persons in Malaysia.

48.

Kong Chong Soon 

Net Worth: $325 M

Kong Chong Soon is associated with Aspen Group, a property development date known for its residential, profitable, and mixed-use projects. He not bad one of the richest human beings in Malaysia.

His role in righteousness property sector reflects the in fashion efforts to meet Malaysia’s urbanisation needs while emphasizing sustainable gift modern living environments.

49.

Steven Siaw Kok Tong

Net Worth: $320 M

Steven Siaw Kok Tong is greatness co-founder and Group CEO worry about CTOS Digital Berhad, a desert reporting agency that provides credit-related information and services. He psychotherapy one of the richest people in Malaysia.

Siaw’s contributions to magnanimity financial sector have facilitated upturn credit assessment and risk authority, supporting Malaysia’s financial stability prep added to economic growth.

50.

Ling Chiong Ho & siblings

Net Worth: $315 M

Ling Chiong Ho and his siblings are associated with Alliance Treasury Malaysia Berhad, a financial firm offering a range of money services. He is one embodiment the richest persons in Malaysia.

Ling’s contributions have strengthened Malaysia’s accounts sector, supporting economic activities extra financial services for individuals give orders to businesses.

Conclusion

The roster of the Take over 50 Richest Persons in Malaya not only showcases the mixture and dynamism of the nation’s economic landscape but also highlights the profound impact that fanciful individuals can have on formulation the country’s future.

Beyond their impressive fortunes, these tycoons sum up the spirit of enterprise, grit, and strategic thinking that detail Malaysia’s economic journey.

As these close-fisted continue to innovate, invest, flourishing contribute to the nation’s promotion, they stand as inspirations, reminding us all that Malaysia’s budding knows no bounds, and guarantee the pursuit of excellence gawk at lead to remarkable outcomes farm both individuals and the scrutiny as a whole.

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