Malaysia Rich List Newcomer Reaps Automatic Fortune
Tan Eng Kee, cofounder and CEO of Greatech Technology, debuts on the list with a net worth of $965 million.
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Tan Eng Kee, cofounder and CEO of Greatech Technology, debuts on the list with a net worth of $965 million.
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.
For a decade, Atlis Motor Vehicles founder Mark Hanchett worked as a mechanical engineer. He incorporated Atlis Motor Vehicles in 2016 with the hopes of building electric trucks. Atlis plans to have a prototype of the first truck, the $45,000 XT, by this summer. For a decade, Mark Hanchett worked as a mechanical engineer and eventually became a director at Axon, a tech company specializing in law-enforcement gear. Hanchett, who drives a pickup truck, noticed Tesla's accomplishments while working there — its Supercharger network, driver satisfaction, and especially its Model S sedan. With hi...
co-founder and CEO Tan Eng Kee. Hong Leong Group’s Quek Leng Chan continued to top the list of Malaysian billionaires with an estimated net worth of US$9.7bil. Globally, Amazon CEO Jeff Bezos remained the richest person in the world with US$177bil net worth. Vincent Tan steps back TAN Sri Vincent Tan has relinquished his executive role in his flagship Berjaya Corp Bhd, as the founding family began handing over the day-to-day running of sprawling business empire to professional managers led by Abdul Jalil Abdul Rasheed. Vincent Tan, 69, has remained as chairman of the group. On Tuesday, Vi...
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. The Tan brothers of MR DIY Group (M) together with Westports’s Tan Sri G Gnanalingam and Greatech Technology’s Tan Eng Kee join Forbes' billionaires list this year. 2. Tan Sri Tony Fernandes and Datuk Kamarudin Meranun sell off Caterham Cars to Japanese retailer VT Holdings. 3. Moody's expects Malaysia's non-performing loan (NPL) level to increase once the various debt relief programmes end. 4. Genting chairman and CEO Tan Sri Lim Kok Thay expects significant challenges to persist in 2021 des...