KINIBIZ Mokhzani Mahathir, son of former prime minister Dr Mahathir Mohamad, saw the biggest hole in his pocket as his net worth tumbled 42 percent or by about half-a-billion US dollars last year, according to the latest Forbes ’ list of Malaysia’s 50 richest released today.
The big tumble takes him from 15th last year on the list (US$1.2 billion) to 26th this year (US$700 million). This represents the biggest net worth decline among the top 50 richest Malaysians over the past year, said Forbes .
Meanwhile, diversified businessman Syed Mokhtar Albukhary ( left ), the only Malay in the top 10, fell one spot to eighth this year as his net worth dipped by US$200 million to US$2.9 billion this year.
Hong Kong-based tycoon Robert Kuok remains Malaysia’s richest citizen as a number of Malaysia’s wealthiest see their net worth fall following the recent global oil price plunge.
Genting scion drops, too
According to an update of Forbes ’ list of Malaysia’s 50 richest today, 91-year-old Kuok saw his net worth dip slightly by US$200 million (RM721.9 million) this year to US$11.3 billion compared to US$11.5 billion last year.
Retaining second place is Ananda Krishnan, whose net worth stands at US$9.7 billion. This represents a drastic fall from US$11.3 billion last year - a 14 percent dip.
Banking magnate Quek Leng Chan overtook gaming tycoon Lim Kok Thay this year to take third place, boasting a net worth of US$5.6 billion, though this is 12.5 percent lower than US$6.4 billion last year.
Similarly Lim of Genting fame saw his net worth tumble 15.3 percent over the past year to US$5.5 billion this year.
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