Hong Piow Teh’s profile picture

Hong Piow Teh

Hong Piow Teh’s profile picture
Net worth 2018: $5.6 Billion
Industry: Finance
Residence: Kuala Lumpur, Malaysia
Country: Malaysia
Children: 4
BIOGRAPHY

Hong Piow Teh was born in Kuala Lumpur, Malaysia, Malaysia. Low-profile tycoon Teh Hong Piow gets the bulk of his wealth from his 24% stake in Public Bank, Malaysia's third-largest banking group by assets. Its reach extends to Hong Kong, China, Cambodia, Vietnam, Laos and Sri Lanka. He founded the bank in 1966 and it's maintained a track record of consistent profitability. He started his career as a clerk with Oversea-Chinese Banking Corp. and he also owns 44% of insurance business LPI Capital. In 2016 he became the first Malaysian banker to get a Cambodian royal award for his contribution to economic development in Cambodia.

NET WORTH STATISTIC
2009

$2.5 Billion

2010

$3.4 Billion

2011

$4.7 Billion

2012

$5 Billion

2013

$5.6 Billion

2014

$5.6 Billion

2015

$5.4 Billion

2016

$4.7 Billion

2017

$4.7 Billion

2018

$5.6 Billion

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