The rich poorer by RM16bil

PETALING JAYA: Malaysia’s top 30 wealthiest business magnates are poorer by an estimated RM16.1bil in paper wealth in just over a month, following the fall in the stock market.

Based on a survey of the country’s 40 top tycoons on their shareholdings between July 15 and Aug 26, their total paper wealth still remains at more than RM200bil, and most of them do not appear to be affected by the fall in the stock market