Kuok tops Malaysia’s rich list for third year

KUALA LUMPUR: “Sugar King” Robert Kuok Hock Nien has topped Malaysian Business' 40 richest men list for the third consecutive year, beating his closest rival, T. Ananda Krishnan, by a wide margin. 

As in previous years, the wealth of the top 40 individuals was assessed based on the value of their stakes in listed companies as at Jan 20.  

According to Malaysian Business, on the whole, more tycoons see their paper wealth decline in 2006, due largely to the lacklustre performance on Bursa Malaysia.  

It said that in 2006, thanks to Kuok, the combined wealth of the 40 richest Malaysians increased marginally to RM79.42bil, compared with RM78.23bil a year earlier. 

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