Syed Mokhtar AlBukhary Net Worth $275 Billion
The richest Bumiputra corporate amount in Malaysia, Syed Mokhtar Al-Bukhary has an estimated net worth of $2.75 billion as of March 2013.
Syed Mokhtar Shah bin Syed Nor Al-Bukhary was born in 1952 in Alor Setar, Kedah, Malaysia. He began his business ventures in the 1990s with rice trading. Since then, he hasbeen involved in a variety of businesses for example transportation and logistics, plantations, property development, defense and armory, along with engineering and electricity generation.
Al-Bukhary’s shares at MMC Corp. and DRB Hicom have dropped due to his racked up debt for acquisitions and other functions as the country’s biggest private borrower. The companies he owns comprise ports, an airport, electricity, autos, building, engineering and postal services.
In December, the fledgling telecom, Puncak Semangat, has demonstrated to an actual success story. It has bitten out large players like Maxis, which is possessed by fellow billionaire Ananda Krishnan, to be able to snatch the greatest slice of the spectrum for 4G services. The electricity subsidiary company of MMC is supposedly planning to go public in a $1 billion deal.