Malaysia's 50 richest

Lee Shin Cheng

Net Worth

 

$4.5 B As of March 2013

At a Glance

• Age: 74
• Source of Wealth: palm oil, self-made
• Country of Citizenship: Malaysia
• Marital Status: Married
• Children: 6

Forbes Lists

#276 Billionaires

• #5 in Malaysia
• #196 in 2012

#6 Malaysia's 50 Richest

Profile

Palm oil producer and property developer, Lee Shin Cheng saw his wealth decline as shares of his listed IOI Group fell after it reported a 28% drop in first quarter earnings, due to weaker palm oil prices. He stepped up investment in China real estate buying land in Xiamen for $190 million last year. He recently bought out his Taiwanese partner in an ongoing 7.7acre residential and commercial project in the same area. Lee grew up on a rubber plantation where his father ran a Chinese food shop.

Retrieved from : http://www.forbes.com/profile/lee-shin-cheng/