Malaysia's Richest
#9 Vincent Tan
| Net Worth | $1.25 billion | Source of Wealth | diversified |
|---|---|---|---|
| Age | 58 | Marital Status | Married, 11 children |
Self-made entrepreneur runs conglomerate Berjaya Group, but fortune sank by almost a quarter over the past year as shares stumbled. Owns social networking website Friendster.com and bought shares of Facebook through his Internet company, MOL.com. Failed to get a sports betting license from the government. Hates golf but loves scuba diving and working out at the gym.
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Its very hard to move up the top ten richest list in Malaysia as the gap from one to the other is in the billions. Supposedly, Vincent Tan is #9 with $1.25bn (RM3.75bn). There is a very strong likelihood that Vincent Tan will move up at least two rungs this year. At #8 is Syed Mokhtar with $2.5bn while at #7 is Yeoh Tiong Lay with $2.7bn. Dislodging #6 will be difficult as Teh Hiong Piow has $4.7bn.
Chances are high that Vincent will get to #7 at least this year because his stake in Friendster was swapped totally into Facebook shares. Rough estimates has figured his stake in Facebook at 1%. Facebook is about to list soon at a valuation of at least $90bn, and should get to $120bn-$130bn when it finally trades (if market does not collapse). His stake alone will add at least $1bn to his total.
The other major play is his stake in Cosway, which is rumoured to be sold soon for around RM2bn. Then there is the realisation of his stake in U Mobile, which may be listed as well this year. All said, Vincent may add $1.5bn-$1.8bn (RM4.5-RM5.4bn) to his net worth this year.
How has 2012 been for you so far?
6 comments:
2012 a great year so far..., any tell tale signs of collapse?
great
NOT SUCH GOOD START. BET WRONG HORSE BUT LO..OOOVE THE HILARY / AUNG SK'S PIX. FANTASTIC!!
You need to marry few wife and produce as many sons as possible in order to get rich fast
Dali, any idea of number of wives for this tycoon? To add to this, failed to outbid MUI group in one of the classic corporate battle.....Cardiff Vs Liverpool Carling Cup Final, he will be standing like Ambarovich, don't know his Uncle Tun will be there or not?
But, I think for sure He would not want this player called
Murphy Law as part of his football or Forbes team....
Entrepreneur being entrepreneur, they would love to get what they have not achieve....sport betting license, I will get you.
VT damn shrewd...MOL oledi privatised and held under his private assets...he did not parked it under any of his listed vehicles
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