A fifth billionaire emerges from M’sia glove sector


Wong Teek Son (pic), who co-founded Riverstone Holdings Ltd in the 1980s after working as a research chemist, last month became the fifth billionaire in the country from manufacturing gloves. He’s now worth US$1.2bil as shares of his company rallied almost six-fold from a low in March, thanks to growing demand for protective products during the coronavirus pandemic.

SINGAPORE: Malaysia has long been a place where vast fortunes have been amassed over time.

The Kuoks, Tehs and Queks are custodians of palm oil, property and banking empires that stretch back decades.

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