Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary (Arabic: سيد مختار شاه بن سيد نور البخاري Sayyid Muḵtār Šāh bin Sayyid Nūr al-Buḵārī; born 1952) is the wealthiest Bumiputra company figure in Malaysia. With involvement in varied organisation areas which include transport and logistics, , building development, defense and also armory in addition to engineering and power generation, he has a total assets approximated to be US$ 2.90 billion inning accordance with Forbes, making him the 8th wealthiest Malaysian.
Early life
Syed Mokhtar Al-Bukhary is the third of seven youngsters born into an Hadhrami Arab origins. His daddy was a trader that had taken a trip to Central Asia and also Thailand in his youth prior to settling down in Kedah throughout the 1940s. When Syed Mokhtar was nine years old, he was sent to Johor Bahru to live with his uncle Syed Omar where he researched till Form 2.
By 2000, the port, called Tanjung Pelepas, was completed as well as functioning. Syed sought business companions, and bargained with Danish carrier Maersk Sealand International for a 30% interest and also the right to the port’s operation. Before closing the agreement, he reacquired the government’s 40% stake; he after that sold the 30% interest to Maersk for roughly 730 million ringgit in 2001, earning a profit of greater than 200 million ringgit. In time Syed’s wealth grew as he diversified his company passions right into various other areas such as , media, as well as banking.
| Syed Mokhtar Al-Bukhary | |
|---|---|
| Born | 1952 Alor Setar, Kedah, Malaysia |
| Occupation | Founder, Albukhary Foundation |
| Known for | transportation and logistics, plantations, property development, defense and
armory as well as engineering and power generation |
| Net worth |  US$2.90 billion (2014) |
| Spouse(s) | Puan Sri Sharifah Zarah Al-Bukhary |
| Children | Ilyas Muzaffar, Ilya Myasara, Iliya Melissa, Iffah Maryam |
Syed Mokhtar Al-Bukhary net worth: Syed Mokhtar AlBukhary is Malaysia businessman who has a net worth of $3.1 billion. Syed Mokhtar AlBukhary is involved in a vast variety of business areas which include transportation and logistics, plantations, property development, defense and armory as well as engineering and power generation. Even though his shares fell at both MMC Corp. and DRB-Hicom, having racked up debt for acquisitions and other purposes, his fledgling telecom called Puncak Semangat turned out to be a true success story. It has literally beaten out big players such as Maxis, owned by fellow billionaire Ananda Krishnan, to snatch biggest slice of spectrum for 4G services. Reportedly, MMC’s power subsidiary may go public in $1 billion deal. Thanks to his devoted work and his growing net worth he became the richest man in Malaysia as of March 2013.
Source:
- Wikipedia
- celebritynetworth