Robert Kuok named 96th richest person in the world

  • Nation
  • Wednesday, 07 Mar 2018

Robert Kuok retains his No. 1 spot on the 2019 Forbes Malaysia Rich List with a net worth of US$12.8bil despite a fall in his wealth by US$2bil.

PETALING JAYA: Malaysian tycoon Robert Kuok is the 96th richest person in the world according to Forbes' 2018 Billionaires List.

The list, that was released on Wednesday, rates Kuok's fortune last year at US$14.5bil (RM56.5bil), making him the richest person in Malaysia and the 96th richest in the world.

At present, Forbes estimates Kuok to be worth US$15.4bil (RM60.1bil) at current market value.

At age 94, Kuok is the oldest person in the Top 100 of the billionaires' list.

The Malaysian magnate owns Kuok Group, which has interests in hotels, real estate and commodities.

He founded internationally renowned Shangri-la Hotels in Singapore in 1971.

In this year's list, Forbes pinned down a record 2,208 billionaires from 72 countries and territories.

Americans lead the way with a record 585 billionaires on the list, followed by mainland China with 373.

Amazon chief executive officer and founder Jeff Bezos was named the richest person on the planet, with a net worth estimated to be US$112bil (RM437bil), resulting in him moving ahead of Bill Gates, who dropped to No. 2.

Bezos is the first ever centi-billionaire, becoming the only person to appear in the Forbes ranks with a 12-figure fortune.

Meanwhile, Tencent Holdings chairman Ma Huateng is the 17th richest person in the world, with a US$45.3bil (RM176.8bil) net worth while Alibaba's executive chairman Jack Ma is ranked at 20th with a US$39bil (RM152.2bil) net worth.


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Malaysia spent RM22.53bil to treat diabetes, cancer and heart disease in 2017
Three senators propose discussion of LCS issue in Dewan Negara
No tax defaulters among expats in Malaysia, says Immigration DG
Anti-party hopping Bill gets unanimous Dewan Negara approval
Form RCI to investigate littoral combat ship fiasco, urges Umno Youth
Water tank bursts in Ketereh school, several students injured
Cops seize drugs worth over RM1mil, six arrested in KL
Second successive symposium on industrial tree plantation in Sabah
Overseas travel will be easier soon with relaxed Covid-19 restrictions, says Dr Wee
Johor cops arrest man for crashing into seven cars under influence of alcohol

Others Also Read