Malaysia's wealthiest individuals have once again made their mark on the global stage, with 19 names securing spots on the Forbes 2025 Billionaires List. Their combined net worth stands at a staggering US$57.3 billion, reflecting the strength and diversity of Malaysia's economic landscape.
Robert Kuok Remains Malaysia's Richest
Topping the Malaysian billionaires list is the country's most renowned tycoon, Robert Kuok, whose fortune has grown to US$12.1 billion. At 101 years old, Kuok continues to be an influential figure in business, maintaining his long-standing status as Malaysia's wealthiest individual.
Leading Names in Malaysian Business
Following Kuok is Tan Sri Quek Leng Chan, the executive chairman of Hong Leong Group, with a net worth of US$9.9 billion, placing him 274th globally.
In the manufacturing sector, Tan Sri Koon Poh Keong, the CEO of Press Metal Aluminium Holdings Bhd, ranks 868th worldwide with a fortune of US$4.2 billion.
99 Speedmart's Lee Thiam Wah Joins the Billionaire Club
One of the most notable additions to the list is Lee Thiam Wah, the founder and CEO of 99 Speedmart Retail Holdings Bhd, who debuts with a net worth of US$3.7 billion. Lee's journey from a small Klang-based mini-mart in 1987 to overseeing nearly 2,700 outlets nationwide is a testament to Malaysia's thriving retail sector. His company's 2024 IPO on Bursa Malaysia, which raised RM2.36 billion, further solidified his standing.
Other Prominent Malaysian Billionaires
Several other business magnates continue to make an impact:
Tan Sri Jeffrey Cheah (Sunway Group) US$3.5 billion
Tan Sri Lim Kok Thay (Genting Group) US$1.8 billion
Tan Yu Yeh (MR DIY) US$1.3 billion
The Teh Family Legacy in Public Bank
The legacy of the late Tan Sri Teh Hong Piow, founder of Public Bank Bhd, lives on through his children. Each of his heirs, Diona Teh Li Shian, Lillian Teh Li Ming, Lillyn Teh Li Hua, and William Teh Lee Pang, has inherited US$1.6 billion.
A Reflection of Malaysia's Economic Strength
The diverse representation on the Forbes 2025 Billionaires List highlights Malaysia's key industries, from banking and real estate to retail and manufacturing. As these business leaders continue to expand their empires, their success underscores the country's resilience and potential on the global stage.
