Malaysian top 40 richest go down RM75.6 billion

KUALA LUMPUR, Feb 16 (Bernama) — The fortunes of Malaysia’s 40 richest has gone down by RM75.6 billion from RM171.9 billion a year ago to RM96.30 billion as at January 16 amid the global stock market meltdown, according to a survey by Malaysian Business.

The magazine’s survey revealed that half of them recorded declines of 50 per cent with only 14 billionaires this time round, five short of last year.

Malaysian Business in its Feb 16 issue named “Sugar King” Tan Sri Robert Kuok as the richest Malaysian with a fortune of RM26.6 billion.

However, Kuok wealth which stood at a record of RM58.1 billion last year, had declined by RM31.5 billion.

His closest rival, T. Ananda Krishnan clocked in at RM20.1 billion.

At third-placed was Tan Sri Teh Hong Piow with a wealth of RM8.15 billion.

Meanwhile, Tan Sri Lee Shin Cheng was fourth with a fortune that has halved to RM7.4 billion.READ ALL IN_    Malaysian top 40 richest go down RM75.6 billion ,The Malaysian Insider