Yeoh Tiong Lay’s profile picture

Yeoh Tiong Lay

Yeoh Tiong Lay’s profile picture
Net worth 2018: $2.4 Billion
Industry: Diversified
Residence: Kuala Lumpur, Malaysia
Country: Malaysia
BirthDay: 18 December 1929
Sigh: Capricorn
Died On: 18/10/2017
Children: 7
Education: Doctorate, Heriot-Watt University
BIOGRAPHY

Yeoh Tiong Lay was bornon 18 December 1929 in Kuala Lumpur, Malaysia, Malaysia. Yeoh Tiong Lay's diversified YTL Corp. owns businesses in sectors such as utilities, cement manufacturing, hotels and property development, boasting a 2,000-acre land bank in Malaysia. It owns PowerSeraya, Singapore's second-largest power plant, and co-owns the Eastern & Oriental Express, the luxury train that runs from Singapore to Thailand. The group, which was started in 1955, also owns the Ritz-Carlton in Kuala Lumpur. In 2013 he donated $11 million to King's College London to set up the Yeoh Tiong Lay Centre for Politics, Philosophy & Law. All of his children are involved in the business. His eldest son, Francis, is at the helm.

NET WORTH STATISTIC
2009

$1.8 Billion

2010

$2.3 Billion

2011

$2.7 Billion

2012

$2.6 Billion

2013

$2.8 Billion

2014

$2.7 Billion

2015

$3 Billion

2016

$2.3 Billion

2017

$2.1 Billion

2018

$2.4 Billion

TIMELINE
Tan Sri Dato' Seri Yeoh Tiong Lay (Chinese: 楊忠禮; 18 December 1929 – 18 October 2017) was a Malaysian billionaire businessman and philanthropist. He founded YTL Corporation, Malaysia's largest conglomerate, with interests in construction, utilities, hotels, property development and technology. YTL is based primarily in Malaysia but has extensive operations in Asia, Australia and the United Kingdom, where it owns the utility Wessex Water.In 2013, he established the Yeoh Tiong Lay Centre for Politics, Philosophy & Law at King's College, London with a gift of US$11 million.Yeoh Tiong Lay completed his secondary school education at Hin Hua High School in Klang, Malaysia.Yeoh was one of the richest individuals in Malaysia; his family is estimated to have a net worth of US$3 billion as of October 2017.Yeoh was conferred the Order of the Rising Sun, Gold Rays with Neck Ribbon by the Emperor of Japan for his efforts in promoting bilateral relations between Malaysia and Japan in January 2008.In December 2015, he was conferred the Order of the Brilliant Star by Taiwan President Ma Ying-Jeou in recognition of his contribution to the educational and cultural development of Taiwan. Yeoh was also one of the Pro-Chancellors of Universiti Malaysia Sabah in Kota Kinabalu, Sabah with Tan Sri Datuk Seri Panglima Musa Hj. Aman, the Chief Minister of Sabah.Yeoh married Kai Yong in 1953 and they were married for 64 years.He is the father of Francis Yeoh, the eldest of his 7 children, all of whom are involved in the YTL Group and leading their own respective divisions. At the time of his death, he had 27 grandchildren, and 5 great grandchildren.Involved with charitable societies in Malaysia, he lent financial support to various educational establishments throughout the nation; one his most cherished being his involvement as chairman of Hin Hua High School, his alma mater.He died on 18 October, 2017.
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