Two Indians among Malaysia’s 40 wealthiest


Washington, DC: Two persons of Indian origin figured among Forbes list of Malaysia’s 40 richest as the rebounding Malaysian economy expanded 10 percent in the first quarter of 2010, its highest growth rate in a decade.

Malaysia’s 40 wealthiest are worth a total of $ 51 billion, up from $ 36 billion a year ago and even higher than the $ 46 billion they were collectively worth in 2008, the US business magazine noted.

Indian origin Ananda Krishnan with a net worth of  $ 8.1 billion retained his second place after Malaysian Chinese Robert Kuok. They are worth a combined $ 20.1 billion, or 40 percent of the top 40’s wealth. The country’s 10 billionaires are worth $ 30 billion, accounting for 59 percent of the total.

The 72-year-old former oil trader Krishnan’s most valuable asset is Maxis Commu-nications, Malaysia’s largest cell phone service provider, which went public in November, raising $ 3.4 billion in Malaysia’s largest-ever IPO.

Newcomers include another person of Indian origin self-made building contractor A.K. Nathan, 54, placed 24th with a net worth of $ 250 million. He owns and runs Eversendai, a Kuala Lumpur contractor that fabricates designs and erects the steel frames for buildings. Nathan grew up in Malaysia, aside from some years of schooling in India.

- Advertisement -