Jun
12Malaysia Bumiputra Billionaire
Filed Under (Entrepreneur Tips, Motivate Thought) by admin on 12-06-2008
Tagged Under : arab descent, billionaire, bumiputra, independent power producer, johor port, luxuries, malaysians, mining corporation, natural gas distributor, peninsular malaysia, syed mokhtar al bukhary, tan sri syed mokhtar al bukhary
Malaysia Bumiputra Billionaire
Tan Sri Syed Mokhtar Al-Bukhary has become the latest Malaysian to join the ranks of world’s richest, according to the Forbes 2007 list of US dollar billionaires. The inclusion of the 55-year-old, who made his fortune in the rice and sugar trade, increased the number of Malaysians in the list to nine from eight last year. He was ranked as the seventh richest Malaysian, the only Bumiputra Billionaire and 754th in the world.
Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary is the richest Malaysia Bumiputra Billionaire corporate figure in Malaysia. With involvement in diversified business areas which include transportation and logistics, plantations, property development, defense and armory as well as engineering and power generation. He has a net worth estimated to be US$2.00 billion according to Forbes, making him the 7th richest Malaysian.
Former rice trader now controls Malaysia Mining Corporation (MMC); has stakes in Malaysia’s Johor Port; country’s largest independent power producer Malakoff; natural gas distributor Gas Malaysia. Donates to Islamic schools, mosques, arts.
EARLY LIFE
Syed Mokhtar al-Bukhary was born into a mid-low class family of Hadhrami Arab descent in north of Peninsular Malaysia; whose house was without necessities and luxuries. His highest education was only until form five, and he never went to university. A whole lot of his knowledge and experience was gained through his own entrepreneurship experience during his youth time.
