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Malaysia's Richest Man Top 10 Wealth destruction

A total of paper losses RM 19.82 billion was loss in 6 week by Top 10 Malaysia's richest man. Robert Kuok is on the top of the list with loss RM 8.69 billion in 6 week time, the global credit crunch and downward spiral of the stock market have reduced the number of billionaires in Malaysia.

Robert Kuok (-RM8.69B)
49.1% of PPB Group
53.1% of Kerry Properties (HKEX)
49.6% of Shangri-La Asia Ltd (HKEX)
3.42% of Wilmar (SGX)
34.5% of Malaysia Bulk Carrier

Ananda Krishnan (-RM0.69B)
42.4% of Astro
30.9% of Tanjong Plc
59.6% of Measat Global

Lee Shin Cheng (-RM3.86B)
41.9% of IOI Corp

Teh Hong Piow (-RM1.11B)
24.1% of Public Bank

The late Lim Goh Tong & Family (-RM1.32B)
39.5% of Genting
8.9% of Genting Int

Quak Leng Chan (-RM3.31B)
71.8% of Guoco Group (HKEX)
52.4% of Hong Leong Financial Group
67.8% of Hong Leong Industries

Yeoh Tiong Lay (-RM0.23B)
71.4% of YTL Corp

Syed Mokhtar Albukhary (-RM0.27B)
51.8% of MMC Corp
71.5% of Tradewinds Corp
43.0% of Tradewinds (M)
15.4% of DRB-Hicom

Vincent Tan (-RM0.38B)
57.4% of Berjaya Corp
5.58% direct stake in Berjaya Sports Toto
4.62% direct stake in Berjaya Land

Tiong Hiew King (-RM0.30B)
52.5% of Media Chinese Int
28.4% of Jaya Tiasa
49.6% of Subur Tiasa


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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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