Real estate business plays a vital role in flourishing the economy of the country. Alongside many other countries, Malaysia has also produced some renowned names in the field of real estate investments. Here is the list of top 5 richest real estate billionaires of Malaysia.
Robert Kuok Hock Nien also known as “Robert Kuok” is a Malaysian-Chinese real estate business tycoon and investor. His total wealth is estimated to be $ 11.2 Billion which holds him the rank of Malaysian’srichest real estate billionaire of Malaysia. He is the founder and CEO of Resorts Chain and Shanri-La Hotels but now he retires from his work. Robert was born on 6 October, 1923 in Johor, Malaysia and got his early education from English College Johore Bahru and Raffles Institution. His investments are not limited to Malaysia only instead he has large scale investments in different parts of Asia. He has investments in hotels industry, finance, real estate properties, sugar mills, oil refineries, trading and publishing. Robert’s business is supported by many members of his family including his son Kuok KhoonEan and his nephews. Due to his business powers, he gained the title of “Sugar King” and “King of cooking oil”.
QuekLeng Chan (Born in 1941) is a Malaysian-Singaporean property investor and a business magnate. With the wealth of about $ 5.4 Billion, Quek is the second richest real estate business tycoon of Malaysia. He got his early education from Victoria School in Singapore and later on got degree of Barrister-at-law from Middle temple, UK. Quek is the chairman and founder of Hong Leong Group which he founded by some of his money inherited by his father. Quek has been on many executive positions of different companies i.e. Hong Leong Industries, Hong Leong financial group etc.He currently lives in Kuala Lumpur, Malaysia with his wife and three children.
Lee Shin Cheng
Tan Sri Dato Lee Shin Cheng also known as ?Lee Shin Cheng? was born on 3rd June, 1939 in Malaysia. He is a famous real estate investor, philanthropist and an industrialist. Lee?s wealth is estimated to be $ 4.5 Billion which puts him 3rd in the list of richest real estate billionaires of Malaysia. Currently he is the chairman of IOI Group. Lee got his early education from Kuala Lumpur, Malaysia but due to his family financial conditions, he left the school at the age of 11 and started working with his father to earn livelihood. In 1989, he bought Dunlop Estate where he once applied for a job and rejected due to his low qualification. Lee has 2 sons and 4 daughters which are helping him in the business as executives. He is also known for providing educational scholarships to bright students.
YeohTiong Lay (Born on 18th December, 1929) is a famous investor from Malaysia. His total fortune is estimated to be $ 2.5 Billion which ranks him 4th richest real estate billionaire of Malaysia. He is the founder and CEO of YTL Corporation that deals in hotels, construction, real estate and technology. His company has dealings in Malaysia and many other countries i.e. UK, Australia and Asia.Yeoh got his early education from Hin Hua High School located in Klang, Malaysia. He has 7 children all of whom are the part of his business.
Lau Cho Kun
Lau Cho kun (Age 81) is a Malaysian famous real estate investor. He has an estimated fortune of about $ 1.65 Billion which ranked him 5th position in the list of richest real estate billionaires of Malaysia. He is the majority shareholder of Hap Seng Star Company which was founded by hisuncle Tan Sri Lau GekPoh. The company is involved in property development, fertilizers, financing, marketing and dealings of luxury cars.Lau currently resides at Tawau, Sabah, Malaysia with his wife and son.