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Thursday, December 12, 2013
8. Mr. Yeow Seng Lee




Mr. Yeow Seng Lee served as a Special Assistant to Group Chief Executive Officer and Executive Chairman at IOI Group since 2002. Mr. Lee served at the London and Singapore offices of a leading international financial services group. He has been an Executive Director of IOI Properties Berhad since September 2010. He serves as a Member of the Board of Directors at Resort Villa Golf Course Bhd. He serves as a Director of IOI Oleochemical Industries Sdn Bhd.

Lee Yeow Seng was first appointed to the Board on 3 June 2008. Since joining the IOI Group, he is actively involved in corporate affairs and general management within the IOI Group. He also holds a LLB (Honours) from King’s College London and was admitted to the Bar of England & Wales by Inner Temple. Lee Yeow Seng attended eight (8) out of the nine (9) Board Meetings held during the financial year ended 30 June 2013.


Additional, Lee Yeow Seng is the youngest son of Tan Sri Dato’ Lee Shin Cheng and the brother of Dato’ Lee Yeow Chor. 
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9. Tan Sri Yeoh Tiong Lay



Tan Sri Yeoh Tiong Lay (born 1929, age 84) is a Malaysian business tycoon who founded the YTL Corporation, a Malaysian conglomerate, with diversified interests in construction, utilities, hotels, property development, and technology. One of the richest man in Malaysia, Forbes ranked him as the 503th richest man in the world in 2013, with a net worth of US$2.8 billion.Yeoh Tiong Lay is the father of Tan Sri Dr. Francis Yeoh, the eldest of his 7 children, all of whom are involved in the family business.

In January 2008, Yeoh was conferred the prestigious Order of the Rising Sun, Gold Rays with Neck Ribbon, by the Emperor of Japan for his efforts in promoting bilateral relations between Malaysia and Japan.
Brief biography: Yeoh Tiong Lay was born in Kampung Attap in Klang, Selangor to a Chinese immigrant from the Fujian province of China who arrived in British Malaya in 1920.After completing his studies at Hin Hua High School in Klang, Selangor, he subsequently started a building and construction firm in 1955, then aged 25, and incorporated it as Yeoh Tiong Lay Sdn Bhd, 17 years later in 1972. The company almost went bust in the aftermath of the 1971 oil crisis.

Yeoh Tiong Lay's eldest son, Tan Sri Francis Yeoh, recalled: "It was a very difficult time. Those days, there weren't fluctuation clauses for contractors. My father had called me and my siblings to his room and said, 'Listen, I'm so sorry, I let you guys down. We probably won't be very comfortable from now on, but we must pay every single bill'." The trying times also brought to the surface the loyalty and support the family had won from its workers. Many of the workers (as well as relatives) pawned their jewelry to raise funds to keep the business going. "That was very touching for me. To see my father's influence and the love people had for him. That is how I learnt that the greatest asset in a company is the people," he said.

When Francis Yeoh offered to quit school to help his father run his business during the difficult years of the 1970s, Yeoh Tiong Lay disagreed, saying: "You can outdo me and grandpa. We work so hard but we have no academics. You go to the university, set a good example for your siblings to follow and then, we can have a future. Then only can you grow this business, into its third generation, into something huge and permanent.[2] Francis Yeoh then went on to study at Kingston Polytechnic (now known as Kingston University) in the United Kingdom and graduated with a Bachelor of Science (Hons) degree in Civil Engineering in In 1978.

In 1984, Yeoh Tiong Lay Sdn Bhd became a public company, and Yeoh Tiong Lay became its Executive Chairman in January the following year. In May that year, he co-founded and became the inaugural Chairman of the ASEAN Constructors' Federation ("ACF"), an organization comprising contractor associations in Brunei, Indonesia, Malaysia, Singapore, Sri Lanka, and Thailand. In June, Yeoh was conferred by the Yang di-Pertuan Agong the Panglima Setia Mahkota (P.S.M.) award, which carries the title "Tan Sri".

Yeoh's eldest son, Francis Yeoh, became the Managing Director of YTL Corporation in 1988, 3 years after the formation of the public company. Under his stewardship, the YTL Group grew from a single-listed entity to 5 public-listed companies and is, today, one of the biggest conglomerates in Malaysia. Of this, Francis Yeoh said of his father: "Some Chinese patriarchs do not let go of the rein of power. This is always disastrous because the patriarch hangs on to his old ways and may not be able to cope with the changing world. This has actually brought generations of people or businesses down. My dad knew when he had to do this."


In 1988, Yeoh Tiong Lay was conferred an Honorary Doctorate in Engineering by the Heriot-Watt University in Edinburgh, United Kingdom. He was the first Malaysian builder to be awarded the Honorary Doctorate by the university. Yeoh was conferred another honorary doctorate degree in 2002, this time an Honorary Doctorate in Philosophy (Business Administration) by University Malaysia Sabah (UNIMAS). He was appointed UNIMAS Pro-Chancellor in September 2005.
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10.Tan Sri Dato' Azman Hashim



Tan Sri Dato' Azman Hashim, AO (born July 1939 in Kuala Lumpur) is one of the richest people in Malaysia and his net worth is estimated by Forbes to be US$600 million, making him the 9th richest person in Malaysia .

Tan Sri Dato’ Azman Hashim was born in July 1939 in Kuala Lumpur to a family of thirteen siblings and spent his childhood in Kampung Baru, Kuala Lumpur. His father was a strict disciplinarian and his mother was a school teacher who later became headmistress of the Kampung Baru Girls’ School. In 1954, he sat for the Senior Cambridge Examination and obtained a first grade. He had wanted to pursue medicine but was offered accountancy instead on a Colombo Plan Scholarship which took him to Australia from 1955 to 1960.He became a Chartered Accountant and Chartered Secretary before the age of 21.

 He became a Fellow of both the Chartered Institute of Accountants, Australia (FCA Australia) and the Institute of Chartered Secretaries & Administrators (FCIS) in 1960. Later he also became a Fellow of the Institute of Bankers, Malaysia, the Institute of Directors, Malaysia and the Malaysian Institute of Management.

Tan Sri Dato’ Azman Hashim is well known as a corporate figure. His professional experience began in Perth, Australia where he was employed by Messrs O.L. Haines & Co (Chartered Accountants) from 1955-1960. In 1960, he returned to serve with Bank Negara Malaysia until May 1964 when he left to start his own accountancy practice of Azman & Co which later grew into a partnership, Azman Wong Salleh & Co (Chartered Accountants). He then joined the Board of Malayan Banking Berhad in 1966 and was its Executive Director from 1971 to 1980. He was appointed Executive Chairman of Kwong Yik Bank Berhad in 1980 until 1982 when he became Chairman of the AmBank Group until today. Currently, Tan Sri Dato’ Azman Hashim is Executive Chairman of Amcorp Group Berhad and Chairman of several subsidiaries of the AmBank Group and also Amcorp Properties Berhad.[3]

Tan Sri Dato’Azman is Chairman of the
·         Malaysian Investment Banking Association
·         National Productivity Corporation
·         Pacific Basin Economic Council International(PBEC)
·         Non-Aligned Movement's (NAM) Business Council
·         Co-Chairman of Malaysia-Singapore Roundtable
·         Co-Chair, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Business Advisory Council
·         Board of Trustees, Perdana Leadership Foundation

and President of
·         Malaysia South-South Corporation Berhad
·         Malaysia-Japan Economic Association
·         Malaysia South-South Association
·         Friends of Prisons Association

He is also a Member of the
·         National Economic Consultative Council II (MAPEN II)
·         Business Advisory Council of APEC (”ABAC”)
·         The Trilateral Commission (Asia-Pacific Group)
·         Board of Advisors, AIM Centre for Corporate Social Responsibility
·         Malaysia-British Business Council
·         Malaysia-China Business Council
·         International Advisory Panel, Bank Negara Malaysia
·         International Centre for Education in Islamic Finance (INCEIF)
·         International Advisory Panel,World Islamic Economic Forum
·         Leader of the ASEAN-Japanese Business Meeting (Malaysia Committee, Keizai Doyukai)

He also serves as the Treasurer for the Malaysia-US Private Sector Consultative Group and the Malaysia-Australia Foundation and also Vice-Chairman of the Malaysian Business Council and one of the Governors of the Japanese Chamber of Trade and Industry (JACTIM) Malaysia Foundation. He is also one of the trustees for Malaysian Liver Foundation, Better Malaysia Foundation, ECM Libra Foundation in addition to the AmGroup Foundation.

His past involvement included the Chairmanship of :
Board of Trustees National Art Gallery (from 1984 to 1991)
Malaysian Handicraft Development Corporation (from 1997 to 2000)
President of Malaysian Medical Association Foundation (from 1991 to 2003 )
Member of the Investment Panel of Lembaga Urusan Tabung Haji (Pilgrimage Fund Board) from 1976 to 1995
Patron of the Malaysian Endurance Riding Society (from 2001 to 2004)

Tan Sri Dato’ Azman Hashim’s impressive and extensive contribution to many facets of Malaysian economic landscape has not gone unnoticed. To date he has been awarded numerous honours. His first major award was the Darjah ”Kesatria Mangku Negara” bestowed by His Majesty Yang DiPertuan Agong in 1972; His Royal Highness the Sultan of Selangor honoured him with the ”Darjah Dato’ Paduka Mahkota Selangor” (DPMS) in 1980 which carried the title Dato’; this was followed by the ”Johan Mahkota Negara” (JMN) awarded by His Majesty Yang DiPertuan Agong in 1984. The Asian Finance magazine named him ”Asia’s Banker of the Year” in 1985. This was followed by His Majesty Yang DiPertuan Agong awarding him the ”Darjah Panglima Setia Mahkota” (PSM) in 1988 which bestowed on him the title ”Tan Sri”.

Tan Sri Dato’ Azman Hashim has also earned international recognition. In 1993, the ASEAN Business Forum (formerly known as the ASEAN Institute) presented him with the ”ASEAN Businessman of the Year” award. This was followed in 1995 by the ”Manager of the Year” award from the Harvard Business School Alumni Club of Malaysia. The Kuala Lumpur Malay Chamber of Commerce awarded him with the ”Grand Entrepreneurial Award” in June 1996 and a year later he received the ”Menteri Besar Grand Entrepreneurial Award” from the Selangor Chamber of Commerce in 1997. The latest accolade bestowed on him was the ”Sathya Sai Educare Academy Values for Life Excellence” for his humanitarian contribution in 2004. He received a lifetime achievement award, at 4th Annual Islamic Business and Finance Awards 2009.[4]

As testimony to his inspirational prominence in business and community affairs - Universiti Utara Malaysia honoured him with an Honorary Doctorate in Philosophy in 1985. In recognition of his immense contribution to and success in entrepreneurship, the Universiti Kebangsaan Malaysia awarded him an Honorary Doctorate in Business Administration in 2004.

He is an Honorary Officer of the Order of Australia.

He married on 3 March 1963 and he is blessed with two sons, three daughters and ten grandchildren. Tan Sri Dato’Azman Hashim’s passion also extends to the golf courses and to water sports like riding jet skis, powerboats, scuba diving and he is also known to be the ”Singing Banker”. One of his daughter, Shazrina Azman, is known to be a local artist, nicknamed as Mizz Nina.
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11.Ong Beng Seng



Ong Beng Seng is a Singaporean business magnate and investor. His investments are worth millions of dollars and he is the founder of the Singapore-based organisation Hotel Properties, as well as shareholder of many businesses. Forbes estimate the net worth of Ong and his wife at $1.6 billion (as of July 2012), making them the 10th richest people in Singapore.

Ong was born in Malaysia. When he was four years old, his family relocated to Singapore. His career began when he joined an insurance firm for ships. In 1975, he joined Kuo International, founded by businessman Peter Fu Yun Siak and there he met his later-to-be spouse, Christina.

After beginning his trading career at Kuo International, Ong went on to found his own firm, Hotel Properties Limited. Today, he controls many businesses, including a few based in Bond Street in London, and his investments are worth tens of millions of dollars. He is also a well-established hotelier, having bought and built many hotels worldwide. Ong is also credited as one of the people most responsible for bringing the Singapore Grand Prix to the country, the first Formula One night race.

A "glitzy figure in Singapore and abroad",Ong is married to Christina (née Fu), the daughter of an oil magnate. They have two children, a daughter and a son. Ong was described by Hilary Clarke of The Independent as "media shy" and "notoriously secretive". Despite that, he is known to be well-acquainted with many Hollywood celebrities.


Ong's business approach is to "buy when rents and properties are cheap and sell when they are not." As of July 2012, the Ong family, comprising Ong and his wife, is worth $1.6 billion, based on estimates by Forbes, making the couple Singapore's 10th richest persons.
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12.Tan Sri Datuk Tiong Hiew King


Tan Sri Datuk Tiong Hiew King was born to a poor family in Sarawak, Malaysia in 1935. Although he had to tap rubber when he was young, he had a strong thirst for knowledge. He graduated from Chung Cheng Primary School in Sibu, and later Methodist High School and Sacred Heart High School. Subsequently, he took up a correspondence course with a Chinese university as he knew there was no limit to what a person could learn. He began his working life at his uncle’s timber company, which laid a solid foundation for his future development. He was enlisted to help in the early stages of his uncle’s business. 

With his extraordinary wisdom and diligence, Tiong contributed much to his uncle’s enterprise. In 1976, Tiong set up Rimbunan Hijau. He showed the kind of perseverance that Fuzhou people are known for. Together with some of his brothers, Rimbunan Hijau established a solid reputation and has emerged as a revered multinational corporation. Global Vision Over the past twenty years, Tiong has worked on a global scale to erect a diversifi ed business spanning six continents, whose countries and regions include Japan, Hong Kong, Australia,Canada, the United States, New Zealand, Singapore, Russia, Papua New Guinea, Equatorial Guinea, Gabon, Brazil and British Guyana. He also has investments in Shanghai, Dalian, Harbin,Datong and Guangzhou in China. 

Other than timber exports and timber processing, his business has also expanded to cover fi nance, media, IT, mining, aquaculture, agriculture (oil palm plantation), reafforestation, trading and property development.Presently, Rimbunan Hijau Group, under the leadership of Tan Sri Tiong Hiew King, has evolved into one of Malaysia’s largest manufacturers and exporters of plywood. In Malaysia, there are three public listed companies under the Group, namely Subur Tiasa, Jaya Tiasa and Sin Chew Media Corporation Berhad. In Hong Kong, the Ming Pao Group has also listed successfully. The Capitalists magazine recently named Tiong one of Malaysia’s ten richest businessmen.


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13.Puan Sri Lee Kim Hua



Lee Kim Hua & family Widow of casino magnate Lim Goh Tong, who died in October 2007. Late husband was a public works contractor who transformed a jungle on Kuala Lumpur’s outskirts into one of world’s most successful casino resorts. Son Lim Kok Thay (No. 15) heads Genting. Believed to share fortune with kids, grandkids.

Puan Sri Lee Kim Hua, 81 Matriarch, Genting Group RM4.41 billion PUAN Sri Lee Kim Hua, widow of Genting Group founder Tan Sri Lim Goh Tong, remains the wealthiest woman in Malaysia. Her wealth has grown by more than RM1 billion compared to last year. However, her ranking drops two notches.
For last year’s list, we had calculated her net worth to include the entire Lim estate. But part of that wealth has since been entrusted to two family trust funds.

Prior to 2007, Lee hardly made the news other than for her occasional launches of corporate functions. It was only after the death of her husband in October 2007 that she, as the beneficiary of his wealth, was propelled into the limelight as Malaysia’s richest woman.

While not directly involved in the running of Genting Group, Lee has been credited with being a firm supporter of her husband’s pioneering efforts and maverick success in growing Genting from a hilltop gaming resort into a conglomerate with stakes in power generation, plantations, and oil and gas.

Her second son, Tan Sri Lim Kok Thay, who ranks No. 5 on the list, now heads Genting Group, having taken over the executive chairmanship from his father in end-2003.
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14.Tan Sri Kok Thay Lim



Mr. Kok Thay Lim has been Chief Executive Officer of Genting Plantations Berhad since February 28, 2008 and serves as its President. Mr. Lim serves as Chief Executive and President of Resorts World Bhd. (RWB). He has been the Chief Executive Officer of Genting Malaysia Berhad, a subsidiary of Genting Berhad, since November 2002. He founded Freemantle Limited. He serves as Joint Chief Executive Officer of Asiatic Development Berhad. He has been the Chief Executive Officer of Genting Hong Kong Limited since November 2000. He has been the President and Chief Executive of the Genting Group since November 2002. 

He has been the Chief Executive Officer of Genting Berhad since July 1, 2007 and served as its President. He is instrumental in the internationalization of the Genting Group and was the key driver behind the developments of its casino projects world wide, such as the Burswood Resort Casino (Australia), Adelaide Casino (Australia), Lucayan Beach Resort (Bahamas) and Subic Bay Resort & Casino. He served as the Joint Chief Executive Officer of Genting Plantations Berhad since April 1999. He served as the President of Genting Malaysia Berhad since November 2002. 

He has more than 30 years of experience in the development of casino and leisure related businesses world wide and having served the Genting Group for 30 years. Mr. Lim served as the President of Genting Hong Kong Limited since November 2000. He has an interest in the securities of Star Cruises and has been since its formation in 1993. Mr. Lim served as the Managing Director of Resorts World Bhd, Malaysia from March 1999 to November 2002 and as its Deputy Managing Director from September 1989 to March 1999. He was involved in the development of Genting Highlands Resort in Malaysia and the overall concept and development of the Burswood Resort in Perth, Australia, the Adelaide casino in South Australia and Foxwoods Casino Resort in Connecticut. He served as the Managing Director of Genting Berhad from April 1999 to November 2002 and served as its Joint Managing Director from December 1985 to April 1999. Mr. Lim has been an Executive Chairman of Genting Berhad since January 1, 2004. He has been the Chairman of Norwegian Cruise Line Holding Ltd. since December 16, 2003. He has been an Executive Chairman of Genting International PLC since September 1, 2005. 

He has been Chairman of the Genting Group since December 31, 2003. He serves as an Executive Chairman of Resorts World at Sentosa Pte. Ltd. He has been Chairman of NCL Corporation Ltd. since December 16, 2003. He has been an Executive Chairman of Genting Singapore PLC since September 1, 2005. Mr. Lim has been Chairman of the Board of Genting Hong Kong Limited since December 1997. He serves as the Chairman of Genting Malaysia Berhad and has been its Director since October 17, 1988. He has been an Executive Director of Genting Hong Kong Limited since September 1994. He serves as a Director of Asiatic Development Berhad. Mr. Lim has been a Director of Genting Berhad since August 17, 1976. He has been a Director of Genting International plc since 1986. 

He serves as a Director of Kien Huat Berhad, Joondalup Limited, and Cove Investments Limited. He has been a Director of Genting Singapore PLC since 1986 and TauRx Pharmaceuticals Ltd. since November 20, 2012. He serves as a Director of DNA Electronics Limited and Synthetic Genomics, Inc. He serves as a Director of Kien Huat Realty Sdn Bhd. He has been an Executive Director of Genting Plantations Berhad since September 22, 1977. He serves as a Director of Golden Hope Limited and Golden Hope Unit Trust and Applied Proteomics, Inc. In addition, he serves on the Boards of other Malaysian and foreign companies; as well as on the Board of trustees of several charitable organizations in Malaysia. 

He served as a Director of Pacific Lottery Corp. from 2003 to November 19, 2004. He served as a Director of Union Bank of Colombo PLC. He was bestowed the highly prestigious national award, the Panglima Setia Mahkota, which carries the titleship of "Tan Sri" by the Yang DiPertuan Agong of Malaysia on 1 June 2002. Mr. Lim received Bachelor of Science Degree in Civil Engineering from the University of London in 1975 and attended the Program for Advanced Management Development Degree at the Harvard Graduate School of Business in 1979.


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