Robert Kuok retained his title as Malaysia’s wealthiest person with a net worth of US$11.5bil, down from US$11.8bil in 2023.
PETALING JAYA: The combined fortune of Malaysia’s top 50 wealthiest families and individuals increased by 2% to US$83.4bil for the year amid a weaker ringgit, according to Forbes Asia.
The modest gain reflected the impact of the declining ringgit, which offset a 9% increase in Malaysia’s stock market since the wealth of the country’s richest tycoons were last measured, the financial and investment media group explained.
