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Friday, February 18, 2011

RICHEST person in MALAYSIA


# ROBERT KUOK

Net Worth $12 billion
Age 86
Marital Status Married, 8 children
Source diversified
Biggest dollar gainer, up $3 billion. Stock of most valuable holding, palm oil outfit Wilmar International, run by nephew, rose 46% in past year but dropped more than 10% in the days after net worths were locked in, following allegations in the media that Indonesian subsidiaries were being scrutinized for obtaining fraudulent tax refunds. The company said it was confident that there is no case. Kuok recently sold several assets including sugar businesses, stake in Jerneh Insurance, prime land in Kuala Lumpur. Reportedly spends most of his time in Hong Kong.


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