May 25, 2007

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8 Newcomers on Malaysia’s Rich List!


via Forbes:

Eight newcomers have joined the rich list - most due to recent offerings or dramatic gains in public holdings - with Mahathir’s son Mokhzani Mahathir, 46, ranked 28 with net worth of $220 million after publicly listing his energy company Kencana last December.

The petroleum engineer is also the sole distributor of Porsche in Malaysia, and personally owns four of them, Forbes said. An amateur race car driver, he chairs the country’s Formula One race track.

The richest of the eight newcomers is Singapore resident Ong Beng Seng, worth $580 million at No. 12. Ong - Malaysian citizen - recently persuaded Formula One’s Bernie Ecclestone to hold a Grand Prix race in Singapore at night, a world first if it happens.

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