The collective wealth of tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion from US$80.5 billion last year despite a dip in the stock market, according to Forbes Asia. Kuok, the biggest gainer in dollar terms this year, is one of only two persons on the list with a double-digit fortune of US$11.8 billion. Forbes Asia noted that the minimum net worth to make the list was US$315 million, up from US$255 million in 2022. Meanwhile, the list saw Ananda Krishnan of Maxis, whose net worth rose US$400 million to US$5.4 billion, taking the fourth spot. The complete list can be found at www.forbes.com/malaysia as well as in the June issue of Forbes Asia.

Source: Forbes June 01, 2023 07:07 UTC