Malaysian Billionaires 2025: Leading Wealth Builders and Their Economic Impact
Malaysia continues to prove itself as a hub for entrepreneurial success and diversified wealth. With 19 Malaysians featured on the Forbes 2025 Billionaires List, the country’s elite now hold a combined net worth of US$57.3 billion, underlining the strength of key industries such as real estate, finance, manufacturing, and retail.
This year’s list doesn’t just celebrate individual fortunes—it reflects the resilience and potential of Malaysia’s business ecosystem, from legacy tycoons to self-made retail giants.
Robert Kuok: The Sugar King Still Reigns
At 101 years old, Robert Kuok remains the richest Malaysian with a staggering net worth of US$12.1 billion. Kuok’s empire, built through strategic investments in sugar, oil, shipping, and hospitality, highlights the power of traditional conglomerates in sustaining wealth across generations.
His continued dominance underscores the enduring influence of family-owned enterprises in Malaysia’s economic narrative.
Tan Sri Quek Leng Chan: Diversified Strength in Banking and Property
In second place is Tan Sri Quek Leng Chan of the Hong Leong Group, with a net worth of US$9.9 billion, securing the No. 274 global spot. With interests spanning finance, property, and manufacturing, Quek exemplifies the importance of diversification and cross-border investments.
The Hong Leong Group remains a key player in Malaysia’s banking and property development sectors, contributing significantly to urban infrastructure and regional expansion.
Rising Stars: Paul Koon, the Lee Brothers, and Jeffrey Cheah
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Tan Sri Paul Koon, CEO of Press Metal Aluminium Holdings Bhd, is ranked No. 868 globally with a net worth of US$4.2 billion, reflecting the strong performance of Malaysia’s industrial manufacturing sector.
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Datuk Lee Yeow Chor and Lee Yeow Seng of IOI Group, a key player in both plantations and property, are listed with US$3.1 billion and US$2.3 billion, respectively.
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Tan Sri Jeffrey Cheah, founder of Sunway Group, holds US$3.5 billion. His focus on sustainable smart cities and integrated developments continues to redefine Malaysia’s urban landscape.
These names showcase how a mix of legacy industries and innovation-driven ventures drive long-term wealth creation.
New Entrant: Lee Thiam Wah, Founder of 99 Speed Mart
The standout story of 2025 is Lee Thiam Wah, the self-made billionaire and founder of 99 Speed Mart Retail Holdings Bhd. With a net worth of US$3.7 billion, he ranks as Malaysia’s fourth richest individual.
From humble beginnings in Klang, Lee opened his first mini-market in 1987. Today, his company operates nearly 2,700 outlets, offering accessible convenience to Malaysians nationwide. In 2024, 99 Speed Mart went public on Bursa Malaysia, raising RM2.36 billion—a move that catapulted Lee into billionaire status.
His journey represents the power of retail scalability and operational efficiency in generating enormous value.
Public Bank Legacy: Billionaire Heirs of Teh Hong Piow
Following the passing of Tan Sri Teh Hong Piow, founder of Public Bank Bhd, his four children have joined the billionaire ranks:
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Diona Teh Li Shian
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Lillian Teh Li Ming
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Lillyn Teh Li Hua
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William Teh Lee Pang
Each of them holds a net worth of US$1.6 billion, ensuring the legacy of one of Malaysia’s most respected financial institutions continues into the next generation.
Genting and MR DIY: Consumer and Leisure Giants
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Tan Sri Lim Kok Thay of Genting Group holds US$1.8 billion, reflecting Genting’s continued dominance in leisure, resorts, and gaming across Asia.
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Tan Yu Yeh, founder of MR DIY, has a net worth of US$1.3 billion. The retail brand, known for its affordability and accessibility, is a household name and a success story in retail franchising.
What the List Tells Us About Malaysia’s Economy
The Malaysian Billionaires 2025 list is more than just a tally of net worth—it offers key insights into the drivers of national economic growth:
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Retail and consumer goods continue to be high-growth sectors.
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Real estate and infrastructure development remain strong wealth generators.
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Banking and finance are sustaining legacies while adapting to digital transformation.
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Export-focused manufacturing such as aluminium and palm oil is still highly lucrative.
Moreover, the rise of self-made billionaires signals a maturing economy that rewards innovation, grit, and scalable business models.
Final Thoughts: Billionaire Wealth and National Prosperity
As Malaysia continues to evolve into a dynamic and globally connected economy, the emergence of new billionaires alongside enduring industry leaders reflects a balanced mix of tradition and transformation.
Whether it’s a convenience store empire, a tech-savvy manufacturer, or a regional property mogul, these billionaires shape the economic fabric of the country—and offer lessons in growth, resilience, and opportunity.
