KUALA LUMPUR - Robert Kuok retains his No. 1 spot on the 2019 Forbes Malaysia Rich List with a net worth of US$12.8 billion despite a fall in his wealth by US$2 billion.
Forbes said from airlines to manufacturing and property to delivery services, business has not been good for many of Malaysia's top tycoons as the country's economic growth rate slowed.Only 11 enjoyed gains and they include Tan Sri Kong Hon Kong, who founded Kuala Lumpur-based Nirvana Asia in 1990 who is at 16th spot and Abdul Kadier Sahib of Serba Dinamik Holdings, who is at 49th spot.
Tan Sri Lee Shin Cheng of IOI Corporation and IOI Properties takes the fifth spot on the list, as his wealth fell by US$200mil to US$5.4 billion. A big investor in the company, Norraesah Mohamad, the only woman on the list last year, fell off the rankings. Another tycoon who suffered a setback was Genting chairman Tan Sri Lim Kok Thay . He slipped one spot down from No. 6 last year as his fortune fell by US$300 million.
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