Tiong Hiew King

Net worth 2018: $1.07 Billion

#2170 in List Billionaires People In The World

Industry: Diversified

Residence: Sibu, Malaysia

Country: Malaysia

BirthDay: 1935

Children: 4

Education: Xiamen University

BIOGRAPHY

Tiong Hiew King was bornon 1935 in Sibu, Malaysia, Malaysia. Tiong Hiew King is #1917 in List Billionaires People In The World. Timber baron Tiong Hiew King holds forestry concessions in 16 countries. Also holds property, oil-and-gas and palm-oil interests, and runs a print and digital media business for Chinese-language consumers. His four dailies comprise nearly 70% of Malaysia's Chinese newspaper sales and three-quarters of advertising revenue. Most valuable asset is his privately held Oregon Group, which is based in New Zealand and builds housing developments and hotels, harvests salmon and logs and manufactures plastic containers. As a teenager Tiong tapped rubber to support his poor family before building his empire. He's an avid practitioner of tai chi.

NET WORTH STATISTIC

2010	$1 Billion
2011	$1.2 Billion
2012	$1.5 Billion
2013	$1.8 Billion
2014	$1.8 Billion
2015	$1.35 Billion
2016	$1 Billion
2017	$2 Billion
2018	$1.07 Billion

TIMELINE

Tan Sri Datuk Tiong Hiew-king (simplified Chinese: 张晓卿; traditional Chinese: 張曉卿; pinyin: Zhāng Xiǎoqīng) is the Malaysian Chinese founder and chairman of the Rimbunan Hijau Group, a timber company founded in 1975. Its overseas timber operations in Papua New Guinea is the largest in that country. He also has interests in logging operations in Russia.Tan Sri Datuk Tiong resides in Sibu, a town in Sarawak, of Borneo island that is part of Malaysia. With a net worth of about US$1.8 billion, Tiong is ranked by Forbes as the 840th richest person in the world.Tiong's Rimbunan Hijau Group operates Sin Chew Daily and Guang Ming Daily, two of the major Chinese national dailies in Malaysia. They also operate The National Daily in Papua New Guinea and Ming Pao Holdings Ltd in Hong Kong. He is forging a global Chinese publishing group with his Ming Pao Enterprises; Ming Pao newspaper is also available in San Francisco, New York, Vancouver and Toronto.Back home in Sibu, Tiong and his family are members of the ruling Sarawak United People's Party (SUPP), a major party of the ruling coalition government in Sarawak. Tiong's younger brother Tiong Thai King has been the Member of Parliament of the Lanang Parliamentary Constituency in Sibu from 1995 to 2013.