As of February 2023, the 65-year-old is among the top 10 richest people in the . Ellen Pao, CEO of Project Include, Ann Mei Chang, CEO of Candid, and Nabiha Syed, CEO of The Markup could have left Reddit, Google, or Buzzfeed for another tech company, but they chose to make a career pivot and accelerate the impact and scale of solutions to the worlds most intractable challenges. Latest net worth: US$12.6 billion (approximately RM52.2 billion) richest malaysian, richest malaysians, richest man in malaysia, richest men . This year also saw the return ofLim Kuang Sia, who controls Kossan Rubber Industries with his siblings, andStanley Thaiwho cofounded and runs Supermax Corp. with his wifeCheryl Tan. Taking into account population figures makes a big difference in how a country is ranked for its wealth. This story is part of Forbes' coverage of Malaysias Richest 2021. Malaysia's top 100 CEOs: Who took the top spot? As in the previous year, according to Forbes magazine's own research, the Hartono brothers still held the first position. get to know the best companies to work for in malaysia. He had since retired and is now non-executive chairman of the bank. The complete list can be found at www.forbes.com/malaysia, as well as in the latest issue of Forbes Asia. 22, $965 million), cofounder of Greatech Technology, a maker of factory automation equipment; Ng Chai Eng (No. The complete list can be found here, as well as in the latest issue of Forbes Asia, available on newsstands now. 2 with $9.6 billion. The Forbes brand today reaches more than 140 million people worldwide every month through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. This takes the full utilization of your martech stack and knowing the tools you can draw out from it. His businesses have already expanded and performing well in other countries in the region which include Cambodia, Laos, Sri Lanka, Vietnam, Hong Kong and China. A-Ks wealth is worth is $5.7 billion where his wealth is widely attributed to his ownership of Measat and Maxis, the satellite and telecommunications leader in Malaysia. Next are Tan Sri Lim Wee Chai at #859 (Top Glove, US$3.5 billion), Tan Sri Lim Kok Thay at #1,174 (Genting, US$2.7 billion), Datuk Seri Lau Cho Kun at #1,444 (Hap Seng, US$2.2 billion), Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion) and Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion). Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. 14, US$1.4 billion), who controls Kossan Rubber Industries with his siblings, and Stanley Thai (No. This came after the announcement that JCB will be launching a pilot project that, What is Polygon Crypto? Among the hardest hit were casino mogulsChen Lip KeongandLim Kok Thay. This story appears in the June 30, 2021 issue of Forbes Asia. Palm oil plantation, shipping and property, Oregon Group, Media Chinese International and Rimbunan Hijau Group, Property development, media and forestry concessions, Tan Sri Datuk (Dr) Francis Yeoh & siblings, property, construction, financial services. A Malaysia national flag flies outside the Ministry of Finance building complex in Putrajaya, [+] Malaysia. Malaysia's 50 Richest. We have curated a list of the most-followed YouTubers in . Malaysia's 50 Richest. This is a BETA experience. As the only woman to have made it on this year's Forbes Malaysia's Top 50 Richest list, Puan Sri Datin Chong Chook Yew has earned the number one spot on our list. This button displays the currently selected search type. Each type provides . The United States still has the most billionaires with 724 individuals, but is followed closely by China with 698 billionaires. 37 with US$450 million) and Lau Chee Kheong (at No. Forbes Middle East / While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, Malaysia's richest . 8 with US$3.5 billion) of Top Glove Corp Bhd, ranked in the top 10. Tan Sri Paul Koon Poh Keong, who shares a metalfortune with four siblings, was this years biggest dollar gainer. Nevertheless, some of the businesses have emerged as winners due to the pandemic, for instance, glove makers. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion). See the full list here. 10 with US$2.7 billion. By launching ads on YouTube, a marketer may reach almost 24 million Malaysians. The bulk of his wealth comes from stakes in DRB-HICOM and MMC Corp. MMC's operations span ports, logistics, construction and engineering while DRB-HICOM is an automotive firm with interests in property and education. This is almost double of his net worth 5 years ago. T Ananda Krishnan or A-K in short is fourth in the list of Malaysians wealthiest. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. 49, US$325 million), cofounder of ViTrox, a maker of high-precision machine inspection systems. The late Tan Sri Lee Shin Cheng of IOI Corporation was the fifth richest Malaysian in 2016. Prosecutors now have 30 days to either drop the case or request a new trial for Syed, whose life sentence for murder was challenged by the hit podcast Serial.. In 2021, when equities had a better year, Berkshire posted a profit of $90.8 billion. Meanwhile, the pandemic took its toll on 19 listees, whose fortunes fell. Seven from last years list dropped out, notably the AirAsia duo, namely Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Robert Kuok. PETALING JAYA (June 3): The 22 property-related players featured in Forbes Malaysia 50 Rich List 2021 has a collective net worth of US$44.47 billion (RM183.4 billion), according to the latest Forbes Malaysia Rich List 2021 which was released today. According to Forbes Asia, five of them were among the 50 richest, with two, Kuan Kam Hon (at No. Five new entrants added a fresh dimension to the list this year. The highest-paid CEO in Malaysia is Genting head Tan Sri Lim Kok Thay, who took home an annual remuneration of RM200,912,000 million from his two positions as head of Genting Bhd and director of Genting Malaysia Bhd. The combined wealth of Malaysias 50 richest was down 10% from a year ago to $80.5 billion. Tan Sri Quek Leng Chan, the second-generation head of the privately held Hong Leong Group, remained at No. Industries around shipping are successful since Malaysia has 7 major large ports that handle the transportation of goods in Asia and the rest of the world. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. The per capita annual income of the richest 0.1 percent was 1.85 billion won (US$1.4 million) in 2021, 69.5 times more than the 26.6 million won earned by those in the middle of the income bracket. In 2021, we see Top Glove joining its fellow glovemaker Hartalega in the Top 10 for the first time, while the MR DIY brothers secured the No. JUNE 08, 2022, 06:00 PM. Meanwhile, there were five newcomers on this years list. Undoubtedly, influencers have become one of the most important and effective partners for marketers. COVID-19 saw many businesses closed or not allowed to operate but Mr. D.I.Y, selling essential items stood firm and operated through the various phases of the MCO in Malaysia. For more information, visit the Forbes News Hub or Forbes Connect. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. In a statement today, Forbes Asia said Malaysias pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the country is now grappling with a surge in Covid-19 cases. With property tools like the Edge Reference Price, Past Transacted Prices, Home Advisor Report as well as Area and Project insights, you have all the resources you need to make better property decisions, anytime and every time. Prosecutors are seeking a new trial for Syed, who was convicted of murdering his ex-girlfriend when he was 17 and whose story was featured on the popular podcast Serial, the Wall Street Journal reported. Four property developers are on the top ten richest list, with Kuok Groups owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. Recently listed in Malaysia's 50 Richest by Forbes Magazine at 39th place, Patrick Grove is the co-founder and CEO of Catcha Group and his latest business venture, iFlix, a strong competitor to the video streaming service provider, Netflix. 11, $2.55 billion). Corporate User License: US $ 5800 . The patriarch, who presides over a property and commodities empire, has a fortune of $12.2 billion and at age 97 is the oldest member of the list. Seven from last year dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Tel: +603-7784 6688 Fax: +603-7785 2624 / +603-7785 2625, Level 4, Lot 6 Jalan 51/217,46050 Petaling Jaya, Selangor,Malaysia. For more information, visit www.forbes.com/malaysia . Next on the list is Hong Leong Group's Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year. ARPA probably cut child poverty by about half, but the CTC expansion only caused about two-thirds of that reduction. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from $79 billion a year ago. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. Since 1891, Shell has played a pivotal role in the development of Malaysia's oil and gas industry. Polygon is an India-based cryptocurrency. Meet Malaysia's richest and find out how much they're worth. Page's net worth went from just below $52 billion in March 2020 to the current $86.9 billion. Explore our latest articles: Records, Riches, Fortunes, Luxury, Wiki, Information and more on The Money Co Four property developers are on the top ten richest list, with Kuok Group's owner Tan Sri Robert Kuok (pictured) continuing his reign in the No 1 position with a net worth of US12.2 billion. EdgeProp.my is Malaysia's most useful property website for home buyers and investors. Among them were brothers Tan Yu Yeh and Yu Wei of MR DIYGroup (M) Bhd, a listed home improvement chain. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who dont reside in the country but have significant business or other ties to the country. Full Coverage of Malaysias Richest 2021: Reporting by Megha Bahree, Muhammad Cohen, Sean Kilachand, Nicole Lindsay, Anis Shakirah Mohd Muslimin, Suzanne Nam, Anuradha Raghunathan and Jessica Tan. 1. shell. The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades. "Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 billion) this year, after . The number of billionaires on Forbes 35th annual list of the world's wealthiest exploded to an unprecedented 2,755 660 more than a year ago. Bhd. Malaysia's 50 Richest 2022: Combined Wealth Declines To $80.5 Billion A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year . As of March 4, 2023, Bernard Arnault had a net worth valued at $189 billion, making him the wealthiest person As of March 3, 2023, Gina Rinehart was the wealthiest person in Australia, with an estimated net worth of 29.2 As of March 3, 2023, Georg Stumpf was thewealthiest man in Austria, with an estimated net worth of 7.9 billion As of March 3, 2023, Jorge Paulo Lemann was thewealthiest man in Brazil, with an estimated net worth of 15.9 As of March 3, 2023, David Thomson was thewealthiest man in Canada, with an estimated net worth of 54.9 billion 4 technologies applied in most industries of the business world you should be familiar with, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine. While the stock market dipped slightly in the past 12 months, currency fluctuations saw the ringgit drop 6%. Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. Lim, 67, is the world's 436th richest man and Malaysia's seventh richest man, with a total wealth of 18.25 billion ringgit, according to . In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers, it said. Thailand's 50 richest on the 2021 Forbes list, led by the Chearavanont brothers, did well during the Covid-19 pandemic, with $28 billion added to their combined wealth over the past 15 months. Returning to the list were Tan Sri Lim Kuang Sia (at No. The Harnessing Data Science for Health Discovery and Innovation in Africa program is a prime example of a project that utilizes technology, human knowledge and innovative thinking to rapidly . File picture by Mukhriz Hazim, Blinks are all systems go for a fabulous Blackpink concert, some arriving as early as 7am at Bukit Jalil, EPF refuses another round of withdrawal, says Bumiputera savings dropped 70pc during pandemic, After Pejuang applies to join Perikatan, Dr Mahathir says Mukhriz can do whatever he likes, Azalina: I wasn't involved in reappointing Idrus Harun as AG, Want to help flood-hit Chaah? The wealthiest of Mexico's 38 billionaires, Carlos Slim Hel reigned supreme as the world's richest person between 2010 and 2013, when he was knocked off the top spot by Bill Gates. Robert Kuok remains the richest Malaysian while the newcomers on the billionaires' list include WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming. You may opt-out by, The Memo: Plant-Based Laptops, BMWs Hybrid SUV & The Worlds Best Beach, 15 Ways To Build An Organizational Culture That Promotes True Gender Equality, 15 Ways To Get Comfortable With Not Always Having The Answer As A Leader, Pitching Your Startup In A Remote-First World, How Digital Marketing Can Be A Game Changer For Healthcare Providers, How Loyalty Programs Can Help Brands During A Recession, How To Surround Yourself With The Right People And Find Business Profitability. Seven from last years list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in air travel. See the full listhere. 8, US$3.5 billion) of Top Glove, ranked in the top ten. Puan Sri Datin Chong Chook Yew. Price: Single User License: US $ 2900 . DRB-HICOM sold a 49.9% stake in Malaysian car-maker Proton to Chinese auto group Zhejiang Geely in 2017. Bishop David Oyedepo - Net Worth $150 million. Koon Poh Keong is the Group Chief Executive Officer of Press Metal. Forbes convenes and curates the most-influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. Age: 98 years old. 21 billionaires have migrated to higher positions on the list of 50 richest persons when compared to their ranking last year. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No 8, US$3.5 billion) of Top Glove, ranked in the top ten. Seven from last years list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from US$79 billion a year ago, it said. Robert Kuok continues to top the list. Among the hardest hit were casino moguls Chen Lip Keong and Lim Kok Thay (No 11, US$2.55 billion). All rights reserved. The minimum net worth to make the list this year was US$315 million, up from US$255 million last year. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Jakarta - Forbes Indonesia released the newest 100 richest people in Indonesia in 2020. - 5th August 2021 . The next top five richest Malaysians in descending order according to the list are: Tan Sri T. Ananda Krishnan at #476 (Astro, US$5.8 billion . Yeow Chor is the group managing director and chief executive of IOI Corp while Yeow Seng is the executive vice chairman of IOI Properties. Among them are brothers Tan Yu Yeh and Yu Wei of Mr D.I.Y. Tan Sri Chen Lip Keong, founder of Hong Kong-listed NagaCorp Ltd which owns and manages the largest hotel and gaming resort in IndoChina NagaWorld takes the ninth place with a net worth of US$3.4 billion. The COVID-19 pandemic saw the shares of Hartalega more than double due to the global demand for protective gears. That means a business can be seen by almost 72% of the entire population in this country. Ways to search theedgemarkets.com content, by category: @category "corporate" "hot stock, Combine search: "high speed rail" @author "Bhattacharjee" @category "From the Edge", Robert Kuok with US$12.2 billion. KUALA LUMPUR, April 7 Malaysia's "Sugar King" Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes' annual World's Billionaires List.. Like . 03-06- 2021 09:35 AM. In the year 2020, three new names enter the list of top 50 richest . 20, US$1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. 14 with US$1.4 billion), who controls Kossan Rubber Industries Bhd with his siblings, and Datuk Seri Stanley Thai (at No. Together with his brother Kuan Kam Peng, they have a collective net worth of $3.8 billion. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. He retired in 2019 as the non-executive chairman of the group. This story appears in the June 30, 2021 issue of Forbes Asia. Tan Sri Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. The rising number of daily new cases in recent months and the reinstatement of movement control order (MCO) have added uncertainties to the economic recovery. 'The Takedown,' directed by Louis Leterrier and starring Omar Sy and Laurent Lafitte, premiered on Netflix on May 6, and has already entered Netflix's Top 10 Movies in many countries, including Canada, France and the U.K. While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, Malaysia's richest saw their combined wealth rise 14% to nearly $90 billion, after two years of decl. The Performance Management and Delivery Unit (PEMANDU), which is an agency under the Prime Minister Department manages the Malaysian initiative of the Economic Transformation Programme. Billionaire Syed Mokhtar AlBukhary is offering 2.9 billion ringgit ($714 million) to buy out the minority shareholders of MMC Corp., betting that the ports and energy conglomerate will sustain its earnings recovery. None of them, however, were wealthy enough to dislodgeRobert Kuokfrom his long-held perch as No. of Pages: 121. 38 with US$445 million), co-founders of engineering services firm UWC Bhd; and Steven Siaw Kok Teng (at No. Petronas Chemicals Group Berhad. They are the Tan brothers of MR DIY Group (M) Bhd, Tan Sri G. Gnanalingam of Westports Holdings Bhd, and Tan Eng Kee of Greatech Technology Bhd.. David Oyedepo comes from Nigeria and he is the founder of Living Faith Church Worldwide, also . Five of them feature among the 50 richest, with two,Lim Wee Chaiof Top Glove andKuan Kam Honof Hartalega Holdings, ranked in the top ten. SINGAPORE (June 3, 2021) - Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after . 37, US$450 million) and Lau Chee Kheong (No. No. Collective net worth of Malaysia's richest rebound 14% yoy. 3. Koon Poh Ming is the Group Chief Executive, Koon Poh Ming is the executive vice-chairman while the executive director post is held by Koon Poh Weng. The Tan brothers founded Mr D.I.Y Group in 2005, a home improvement retail chain. While there have, A new digital currency is set to be in the horizon. Top 10 Richest Indian Actors 2023 #bollywood #india #actors #viral #shorts #richest #short#trending#bollywood #richest #actors Top 50 Richest Actors in Bolly. In a pandemic year, as global demand for such protective gear exploded, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. He passed away in June 2019 and his sons, Lee Yeow Chor and Lee Yeow Sing took over as Group Managing Director of IOI Corporation and Executive Vice Chairman of IOI Properties respectively. Two men involved in Jalan Ipoh crash test positive for drugs, Pemandu, penumpang positif dadah sebabkan kemalangan di Jalan Ipoh ditahan, Mbappe breaks Cavani record to become PSGs all-time leading scorer, Banjir: Demi kelangsungan hidup, peniaga burger teruskan perniagaan, Marianne Williamson formally announces bid for us presidency in 2024. SINGAPORE The combined net worth of Singapore's 50 richest people rose by 25 per cent over the past . Building a well-established brand is key to creating a loyal client base and gaining investment in any business. I cover Asia's wealth and entrepreneurs from a base in China. Kuan started out in construction back in 1969 after dropping out of school and then started Timol Weaving some 10 7ears later. To date, the Mr. D.I.Y stores carry all types of products and have since expanded to more than 650 stores across the country. Here're Malaysia's Richest Men In 2018 And How They Got There Page 7. . Quek is the co-founder of Hong Leong Group Malaysia and is currently the chairman and CEO. Group, a listed home improvement chain, are the richest newcomers with $2.7 billion. Find an agent with the right local expertise! 2 with $9.6 billion. The Chearavanont family retains No.1 spot in the Forbes Thailand Rich list with US$29.5 billion (938.6 billion baht), followed by the Chirathivat family with $21 billion (668.2 billion baht) and . Overall, 30 on the list saw their wealth decline, said Forbes in a statement today, adding that the minimum net worth to make the list this year was US$255 million, down from US$315 . His ranking has dropped in the past few years where he was once the second richest person in Malaysia and third richest in 2018. He is most fondly remembered as the Sugar King having made and started his empire in the sugar cane and sugar industries. Kuala Lumpur Kepong Berhad is a Retail company incorporated in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad with a market capitalisation of approximately RM21.687 billion at the end of September 2021. 8, $3.5 billion) of Top Glove, ranked in the top ten. Rounding up the next order of billionaires are: Tan Sri Jeffrey Cheah at #2,263 (Sunway Group, US$1.3 billion), Tan Sri Syed Mokthar Albukhary at #2,378 (MMC Corp, DRB HICOM, US$1.2 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion) and Tan Sri Surin Upatkoon at #2,674 (US$1 billion). The headquarters is in USA. The list was compiled using information from analysts, government agencies, the individuals, private databases, stock exchanges and other sources. 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They were the richest newcomers at No. The Richest People in Malaysia 2021. In 1988, he established Hartalega Holdings and grew the company to become the largest nitrile gloves manufacturer in the world. Catherine Ong, cell: +65 9697 0007,Email: cath@catherineong.com, Franz Navarrete, cell: +65 9653 6424,Email: franz@catherineong.com, This is a BETA experience. Today, Top Glove produces more than 100 billion gloves from its 50 factories and is among the largest producers in the world. 22 with US$965 million), a co-founder of Greatech Technology Bhd, a maker of factory automation equipment; Datuk Ng Chai Eng (at No. 20, $1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. While the benchmark stock index was up a modest 2.5% since fortunes were last measured 15 months ago, the nations 50 richest saw their combined wealth increase to nearly US$90 billion, up from US$79 billion a year ago. Unfolding Your Marketing Automation Swiss Army Knife Can Maximize Leads, How Women In Tech Are Transforming Social Impact. David Oyedepo tops the list as the richest pastor in the world with a financial worth of $150 million. 38, $445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. ServiceNow general counsel Russ Elmer on the transformative power of legal dashboards. Shares in Press Metal Aluminium Holdings Bhd were up as metal prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to the third place with a net worth of US$6.4 billion. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. KUALA LUMPUR, April 7 Malaysias Sugar King Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes annual Worlds Billionaires List.
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