Robert Kuok still Malaysia's richest man

KUALA LUMPUR: Hong Kong-based Robert Kuok has maintained his position as Malaysia's richest man with a wealth of RM45.7 billion, despite a 8.0 per cent drop in his fortune, followed by T Ananda Krishnan and Public Bank's Tan Sri Teh Hong Piow.

IOI Corporation Bhd’s Tan Sri Lee Shin Cheng maintained fourth spot while the richest Bumiputera entrepreneur in the country is Tan Sri Syed Mokhtar Albukhary who came in fifth, according to Malaysian Business in a report on the 40 richest Malaysians.

Flamboyant AirAsia chief executive officer, Tan Sri Tony Fernandes was ranked as the 15th most richest Malaysian with a weath of RM1.77 billion.

Malaysian Business said the wealth of the top 40 richest Malaysians was based on the value of their stake in listed companies as at Jan 20, 2012.

Ananda narrowed the gap with Kuok with a wealth of RM42.99 billion, but it was down by about 6.0 per cent this year, from 2011.

Teh had a fortune that has remained relatively intact at RM12.64 billion, a one per cent decline from before.

Despite a 10.8 per cent fall in his worth to RM11.36 billion, IOI Corp's Lee Shin Cheng maintained his fourth position while Syed Mokhtar of the Albukhary Foundation -- whose flagship is the DRB-Hicom Group-- saw his wealth grow by 8.0 per cent to RM9.53 billion.

The publication said that the combined wealth of Malaysia’s 40 richest individuals declined this year as the global credit crisis and weak equity markets took a toll on them.

Malaysia’s 40 richest were collectively worth RM193.2 billion as at Jan 20, a decline of 7.0 per cent compared with RM206.37 billion a year ago, said Malaysian Business in its Feb 16th issue.

On the bright side, there were 30 billionaires this year – three more than in 2011. - BERNAMA

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Executive Profile Kok Thay Lim

Executive Profile

Kok Thay Lim Executive Chairman, Chief Executive Officer, Member of Remuneration Committee, Chief Executive of Resorts World Bhd, Joint Chief Executive of Asiatic Development Berhad, President of Resorts World Bhd and Director of Asiatic Development Berhad, Genting Berhad

• Background*

1. Mr. Kok Thay Lim has been Chief Executive Officer of Genting Plantations Berhad since February 28, 2008 and serves as its President. Mr. Lim serves as Chief Executive and President of Resorts World Bhd. (RWB). He has been the Chief Executive Officer of Genting Malaysia Berhad, a subsidiary of Genting Berhad, since November 2002. He founded Freemantle Limited. He serves as Joint Chief Executive Officer of Asiatic Development Berhad. He has been the Chief Executive Officer of Genting Hong Kong Limited since November 2000. He has been the President and Chief Executive of the Genting Group since November 2002. He has been the Chief Executive Officer of Genting Berhad since July 1, 2007 and served as its President. He is instrumental in the internationalization of the Genting Group and was the key driver behind the developments of its casino projects world wide, such as the Burswood Resort Casino (Australia), Adelaide Casino (Australia), Lucayan Beach Resort (Bahamas) and Subic Bay Resort & Casino. He served as the Joint Chief Executive Officer of Genting Plantations Berhad since April 1999. He served as the President of Genting Malaysia Berhad since November 2002. He has more than 30 years of experience in the development of casino and leisure related businesses world wide and having served the Genting Group for 30 years. Mr. Lim served as the President of Genting Hong Kong Limited since November 2000. He has an interest in the securities of Star Cruises and has been since its formation in 1993. Mr. Lim served as the Managing Director of Resorts World Bhd, Malaysia from March 1999 to November 2002 and as its Deputy Managing Director from September 1989 to March 1999. He was involved in the development of Genting Highlands Resort in Malaysia and the overall concept and development of the Burswood Resort in Perth, Australia, the Adelaide casino in South Australia and Foxwoods Casino Resort in Connecticut. He served as the Managing Director of Genting Berhad from April 1999 to November 2002 and served as its Joint Managing Director from December 1985 to April 1999. Mr. Lim has been an Executive Chairman of Genting Berhad since January 1, 2004. He has been the Chairman of Norwegian Cruise Line Holding Ltd. since December 16, 2003. He has been an Executive Chairman of Genting International PLC since September 1, 2005. He has been Chairman of the Genting Group since December 31, 2003. He serves as an Executive Chairman of Resorts World at Sentosa Pte. Ltd. He has been Chairman of NCL Corporation Ltd. since December 16, 2003. He has been an Executive Chairman of Genting Singapore PLC since September 1, 2005. Mr. Lim has been Chairman of the Board of Genting Hong Kong Limited since December 1997. He serves as the Chairman of Genting Malaysia Berhad and has been its Director since October 17, 1988. He has been an Executive Director of Genting Hong Kong Limited since September 1994. He serves as a Director of Asiatic Development Berhad. Mr. Lim has been a Director of Genting Berhad since August 17, 1976. He has been a Director of Genting International plc since 1986. He serves as a Director of Kien Huat Berhad, Joondalup Limited, and Cove Investments Limited. He has been a Director of Genting Singapore PLC since 1986 and TauRx Pharmaceuticals Ltd. since November 20, 2012. He serves as a Director of DNA Electronics Limited and Synthetic Genomics, Inc. He serves as a Director of Kien Huat Realty Sdn Bhd. He has been an Executive Director of Genting Plantations Berhad since September 22, 1977. He serves as a Director of Golden Hope Limited and Golden Hope Unit Trust and Applied Proteomics, Inc. In addition, he serves on the Boards of other Malaysian and foreign companies; as well as on the Board of trustees of several charitable organizations in Malaysia. He served as a Director of Pacific Lottery Corp. from 2003 to November 19, 2004. He served as a Director of Union Bank of Colombo PLC. He was bestowed the highly prestigious national award, the Panglima Setia Mahkota, which carries the titleship of "Tan Sri" by the Yang DiPertuan Agong of Malaysia on 1 June 2002. Mr. Lim received Bachelor of Science Degree in Civil Engineering from the University of London in 1975 and attended the Program for Advanced Management Development Degree at the Harvard Graduate School of Business in 1979.