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Saturday, March 20, 2010

Yeoh Tiong Lay

Net Worth: $2.3 bil
Fortune: Self Made
Source: diversified
Age: 80
Country Of Citizenship: Malaysia
Residence: Kuala Lumpur
Education: NA
Marital Status: Married, 7 children
Founded YTL Corp, one of Malaysia's largest conglomerates, with interests in construction, utilities, hotels, property development and technology; shares up over 20% in the past year. All seven children work in the company; son Francis runs YTL's daily operations. Last year bought PowerSeraya, Singapore's second largest power generator from Temasek Holdings for $2.4 billion, which contributed to 12% growth in net profit. Through a real estate trust, controls major prime properties in Singapore, including Wisma Atria and Ngee Ann City. Plans to launch mobile WiMAX service with international partners such as Samsung, Cisco and GCT.

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