28 Feb '13, 3am

On Forbes’ rich list, 14 Malaysians: SINGAPORE, Feb 28 — Robert Kuok remains Malaysia’s richest person with a ...

On Forbes’ rich list, 14 Malaysians February 28, 2013 SINGAPORE, Feb 28 — Robert Kuok remains Malaysia’s richest person with a fortune of US$12.5 billion (RM39 billion), according to the latest Forbes rich list. Malaysia now also boasts of 14 billion-dollar fortunes, up from 11 a year ago. The Kuala Lumpur Composite Index has moved up four per cent over the past year and during this period, the country’s gross domestic product rose 6.4 per cent. In the process, a total of 23 tycoons on the list saw their wealth increase, with Kuok heading it for the eighth straight year with a net worth of US$12.5 billion. His holdings include the Shangri-La Hotels, Kerry Properties and the South China Morning Post, Hong Kong’s leading English-language newspaper. A close second is Ananda Krishnan who saw his fortune rise from US$9.9 billion in 2012 to US$11.7 billion this year. Among recen...

Full article: http://www.themalaysianinsider.com/business/article/on-fo...

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