TO KEEP

New Straits Times - - Opinion - The writer is a for­mer NST group edi­tor

Or does he ever go shop­ping at all? Does he ever go out incog­nito like the late Pe­nang bil­lion­aire Tan Sri Loh Boon Siew, who sat in a cof­feeshop in Hut­ton Lane ev­ery day to watch the world go by?

With that kind of money, he may wake up one morn­ing in Hong Kong and say he wants to have break­fast in Tokyo.

Still, weak ring­git or no, 12 Malaysians made it to lat­est an­nual rank­ing.

Oth­ers in the list in­clude Hong Leong Group founder Tan Sri Quek Leng Chan (ranked 202, net worth: US$6.8 bil­lion or about RM30 bil­lion), multi-clus­tered busi­ness­man Tan Sri T. Ananda Kr­ish­nan (219, RM28.7 bil­lion), IOI Group ex­ec­u­tive chair­man Tan Sri Lee Shin Cheng (348, RM20.8 bil­lion), Pub­lic Bank chair­man Tan Sri Teh Hong Piow (348, RM20.8 bil­lion), Hap Seng owner Tan Sri Lau Cho Kun (973, RM9.3 bil­lion), YTL Corp founder Tan Sri Yeoh Tiong Lay (973, RM9.3 bil­lion), Rim­bunan Hi­jau Group founder Tan Sri Tiong Hew King (1,030, RM8.8 bil­lion), di­ver­si­fied busi­ness­man Tan Sri Syed Mokhtar Al­bukhary (1,161, RM8 bil­lion), gam­ing ty­coon Tan Sri Dr Chen Lip Keong (1,290, RM7 bil­lion), Har­talega ex­ec­u­tive chair­man Kuan Kam Hon (1,940, RM4.4 bil­lion) and WCT Hold­ings ex­ec­u­tive chair­man Tan Sri Des­mond Lim Siew Choon (1,940, RM4.4 bil­lion).

Their com­bined as­sets ex­ceed RM202 bil­lion.

To give a bet­ter per­spec­tive of how wealthy they are, Petronas’ af­ter-tax profit was RM23.5 bil­lion for the fi­nan­cial year ended Dec 31 last year, from RM20.9 bil­lion in 2015. Group rev­enue fell 17 per cent to RM204.9 bil­lion from RM247.7 bil­lion in 2015.

The pro­posed high-speed rail­way be­tween Kuala Lumpur and Sin­ga­pore is es­ti­mated to cost about RM43 bil­lion. The rail­way will be about 350km-long and the travel time will be 90 min­utes.

The project will re­quire the con­struc­tion of a brand new line with ded­i­cated tracks, which will al­low trains to travel at least 270kph.

And the 2017 Bud­get al­lo­ca­tion, as an­nounced in Oc­to­ber, was RM260.8 bil­lion.

In the end, it must be ac­cepted that it is (their worldly for­tunes) that has given them the wealth, the fame and their well­be­ing.

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