Increase in Khoo’s net worth

PETALING JAYA: Businessman Tan Sri Khoo Kay Peng saw a 77% spike in his net worth to US$275mil (RM860mil), the largest percentage gain among those on Forbes' latest list of Malaysia's 50 richest.

Khoo, who is number 36 on the list, saw his net wealth surge from US$155mil (RM485mil) just a year ago amid increased profits at Britain's fashion retailer Laura Ashley in which he reportedly holds a 40% stake.

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