KUALA LUMPUR (Dow Jones)--Malaysia's Robert Kuok is the country's richest man based on the value of his stakes in publicly listed companies, the Malaysian Business monthly magazine reported Monday.
Kuok is worth 14.19 billion ringgit ($1=MYR3.80), the Feb. 16 issue of the magazine reported.
A surge in shares of some of Kuok's companies such as diversified company PPB Group Bhd. (4065.KU) and shipping firm Malaysian Bulk Carriers Bhd. (5077.KU) helped the tycoon to the No. 1 slot, beating T. Ananda Krishnan, who is worth MYR12.87 billion, the report said.
Ananda, who topped the list last year, controls cellular operator Maxis Communications Bhd. (5051.KU), gaming and power firm Tanjong PLC (2267.KU) and pay-television operator Astro All-Asia Networks Bhd. (5076.KU).
The magazine's rankings are based on the value of assets as of Jan. 21.
Other top tycoons included in the list were Hong Leong Group's Quek Leng Chan, Genting Bhd.'s (3182.KU) Lim Goh Tong and his son Lim Kok Thay, Public Bank Bhd.'s (1155.KU) Teh Hong Piow, and IOI Corp.'s (1961.KU) Lee Shin Cheng.
Rounding out the top 10 are MK Land Holdings Bhd.'s (8893.KU) Mustapha Kamal Abu Bakar, Malaysia Mining Corp.'s (2194.KU) Syed Mokhtar Albukhary, and Rimbunan Hijau Group's Tiong Hiew King.
Parent site: "Focus on Malaysia"