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Friday March 12, 2010

Vincent Tan in Forbes billionaires list

SINGAPORE: Berjaya chairman and chief executive officer Tan Sri Vincent Tan became the latest Malaysian tycoon to make it into the Forbes’ 2010 world billionaires list.

The newcomer, who is worth US$1.2bil and ranked 828, joined another eight Malaysian regulars who were among the 1,011 billionaires on the global list released by Forbes yesterday.

The other Malaysians were sugar king Robert Kuok who was ranked 33 with a net worth of US$14.5bil, followed by telecommunications magnate Ananda Krishnan (89, US$7.6bi), IOI Corp chairman Tan Sri Lee Shin Cheng (189, US$4.4bil), Public Bank chairman Tan Sri Teh Hong Piow (277, US$3.4bil), Hong Leong Group chairman Tan Sri Quek Leng Chan (277, US$3.4bil), YTL Corp chairman Yeoh Tiong Lay and family (421, US$2.3bil), Tan Sri Syed Mokhtar Al-Bukhary (655, US$1.5bil) and Rimbunan Hijau Group chairman Tiong Hiew King (937, US$1.0bi).

Malaysia tops South-East Asian countries in terms of the number of billionaires in the Forbes list.

Forbes said the number of tycoons from the Asia-Pacific region with a 10-figure net worth had risen to 234 from 130 last year, of which 62 were first-time billionaires out of a total of 97 new billionaires in the world.

This accounted for 23% of the 1,011 billionaires on the global list against 16% of the 793 billionaires the year before.

The combined wealth of Asian billionaires had also more than doubled to US$729bil compared with US$357bil a year ago.

This rate of increase far outpaced that of European tycoons who saw their collective fortune rise by 50% while their US counterparts enjoyed only an 18% increase.

Of the Asian economies, China continues to lead the pack by more than doubling its number of billionaires to 64 from 28 last year, followed by India with 49 from 24 previously.

Third is Hong Kong with 25 billionaires, followed by 22 from Japan, 18 from Taiwan, 11 each from Australia and South Korea.

There were seven from Indonesia, five from Kazakhstan, four from Singapore, three each from New Zealand and Thailand, two from the Philippines, and one from Pakistan.

The richest man in Asia-Pacific and fourth in the world rankings is Mukesh Ambani from India, head of Reliance Industries.

The richest man in the world is Mexican telecom titan Carlos Slim Helu and family (See B8). — Bernama

Related Stories:
Forbes names Slim richest man
M’sia has most billionaires in S-E Asia

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