THE compilation of the Top 40 Richest Malaysians was made based on certain key assumptions.
The net worth of the individuals was computed based on their stakes in companies that are listed on public stock exchanges.
Stakes in unlisted private companies are not computed. It did not take into account the person’s borrowings or funding cost of their investments in the listed companies, as such information are not publicly disclosed or available.
The shareholdings of the person are obtained from their latest disclosures obtained from the company’s respective stock exchange website.
Because the exact shareholdings of the person’s private entity which holds the listed companies may not be publicly available or disclosed, we have assumed the shareholdings of the person could have included/combined shareholdings of his/her family members and close relatives or partners.
Lastly, the net worth was computed based on the closing share price of the companies as at Dec 31,2020.