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Home » Latest » Data & Strategy » Ranked: Wealthiest People in Malaysia for 2021 – Richest Malaysian Billionaires

Data & Strategy

Ranked: Wealthiest People in Malaysia for 2021 – Richest Malaysian Billionaires

With a net worth of roughly US$12.2 billion, Robert Kuok is the wealthiest person in Malaysia for 2021, followed by Quek Leng Chan with $9.6 billion coming in second and Koon Poh Keong with $6.4 billion at third place. Robert Kuok is also the oldest member of the list, at the prime age of 97.

Business mogul and chairman of Usaha Tegas Ananda Krishnan comes in fourth with a net worth of US$5.8 billion, followed by Teh Hong Piow, founder and Chairman of Public Bank Berhad at US$5.5 billion

Top 21 billionaires in Malaysia in 2021, by net worth

  1. Robert Kuok (US$12.2 billion; palm oil, shipping, property)
  2. Quek Leng Chan (US$9.6 billion; banking, property)
  3. Koon Poh Keong & siblings (US$6.4 billion; aluminum)
  4. Ananda Krishnan (US$5.8 billion; telecoms, media, oil-services)
  5. Teh Hong Piow (US$5.5 billion; banking)
  6. Lee Yeow Chor & Yeow Seng (US$4.9 billion; palm oil, property)
  7. Kuan Kam Hon (US$3.8 billion; rubber gloves)
  8. Lim Wee Chai (US$3.5 billion; rubber gloves)
  9. Chen Lip Keong (US$3.4 billion; casinos, property, energy)
  10. Tan Yu Yeh & Yu Wei (US$2.7 billion; retailing)
  11. Lim Kok Thay (US$2.55 billion; casinos)
  12. Lau Cho Kun (US$2.2 billion; palm oil, property)
  13. G. Gnanalingam (US$1.8 billion; ports)
  14. Lim Kuang Sia & siblings (US$1.4 billion; rubber gloves)
  15. Jeffrey Cheah (US$1.35 billion; property)
  16. Tiong Hiew King (US$1.3 billion; timber, media)
  17. Francis Yeoh & siblings (US$1.25 billion; construction, power, real estate)
  18. Syed Mokhtar AlBukhary (US$1.2 billion; engineering, automotive)
  19. Lee Oi Hian & Hau Hian (US$1.15 billion; palm oil, chemicals, property)
  20. Stanley Thai and Cheryl Tan (US$1.1 billion; rubber gloves)
  21. Surin Upatkoon (US$1 billion; telecom, lotteries, insurance)

Also read – Top 46 billionaires in South Korea in 2021.

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Sophie Ireland, PhD
Sophie Ireland, PhD in Media Entrepreneurship & Strategy, is the Senior Economist and Finance Editor at CEOWORLD Magazine, where she brings over 15 years of editorial and consulting experience across finance, media strategy, and executive communications. Sophie began her career as a financial journalist, reporting on Wall Street during the global financial crisis, before transitioning into corporate branding for Fortune 500 firms.

Her dual background in journalism and PR gives her a rare edge—she not only understands what moves the markets, but also how companies manage messaging and reputation during pivotal business moments. At CEOWORLD, Sophie curates high-level editorial content that blends financial literacy with strategic storytelling. She focuses on leadership visibility, earnings communication, investor relations, and market forecasting.

Sophie holds a degree in Financial Journalism and a professional certification in Corporate Communications. She is a sought-after panelist on executive reputation and is active in mentoring women in finance and media. Through her work at CEOWORLD, she aims to equip leaders with the insights they need to communicate powerfully, lead decisively, and maintain resilience in rapidly evolving market landscapes.