MalayMail-June 3

The wealth of the 50 richest people in the 2021 Forbes Malaysia Rich List rebounded 14 per cent to nearly US$90 billion (RM371 billion) this year, up from US$79 billion a year ago. In a statement, Forbes revealed that after declining for two years and the 5.6 per cent GDP contraction in 2020, Malaysia was expected to get back on track this year despite grappling with a surge of Covid-19 cases. Forbes attributed the reversal in fortunes to Malaysia’s dominant position as the medical glove maker to the world as global demand for such protective gear increased tenfolds. Robert Kuok, a business magnate who presides over a property and commodities empire, remains at the top of the list with a net worth of US$12.2 billion. He is also the oldest member of the list, at the prime age of 97. Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at number two with US$9.6 billion.

Read more at: https://www.malaymail.com/news/malaysia/2021/06/03/forbes-malaysia-rich-list-robert-kuok-stays-top-airasias-fernandes-falls-ou/1979240