KUALA LUMPUR: Malaysia's richest tycoons defied pandemic headwinds to record an increase in their collective wealth in 2021, contributed in part by the financial windfall experienced by Malaysian rubber glove manufacturers.
PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 bi.
The country’s wealthiest people were well ahead of the economic recovery curve. After two years of decline, in 2019 and 2020, their combined wealth rose 14% to nearly $90 billion.