Wiki Biography of Yeoh Tiong Lay
Tan Sri Yeoh Tiong Lay, of Chinese ancestry, was born on December 18, 1929, in Klang, Malaysia, and is a businessman best known to the world as the founder of the YTL Corporation, Malaysia’s largest conglomerate, with interests in hotels, construction, property development, and technology, among other industries.
Have you ever wondered how wealthy Yeoh Tiong Lay is right now, in the middle of 2016? According to reliable sources, Yeoh Tiong Lay’s net worth is estimated to be as high as $2.5 billion, with the majority of this money coming from his successful career as a businessman, which spans more than six decades.
Yeoh Tiong Lay has a net worth of $2.5 billion dollars.
Apart from the fact that he attended Klang’s Hin Hua High School, little is known about Lay’s childhood.
Yeoh’s business career began in 1955, when he founded the YTL Corporation as an infrastructure development firm, although it has since grown to include other sectors. It owns PowerSeraya, one of Singapore’s main power generators, and its subsidiaries include YTL Cement, Syarikat Pembinaan YTL, YTL Hotels, and YTL Land & Development Bhd, all of which have significantly enhanced his net worth.
Yeoh owns a number of smaller and larger businesses through his subsidiaries, and he has extended his firm internationally. As part of a wide portfolio of commercial interests, he now owns enterprises in Australia, Japan, China, Indonesia, Thailand, Spain, the United Kingdom, and France, as well as hotels and other real estate investments. Among these are the luxury train Eastern & Oriental Express, which operates from Singapore to Bangkok, and the Ritz-Carlton hotel in Kuala Lumpur.
Since its beginnings, the YTL firm has evolved to become Malaysia’s largest conglomerate, allowing Yeoh to become one of the country’s wealthiest persons, ranking seventh in Forbes magazine’s list of Malaysia’s richest people.
Yeoh was awarded the Order of the Rising Sun, Gold Rays with Neck Ribbon by the Emperor of Japan in 2008 for his outstanding career and services to the Malaysian economy, culture, and creating better relationships with other Asian countries. In addition, he is the Pro-Chancellor of Universiti Malaysia Sabah in Kota Kinabalu, Sabah.
When it comes to his personal life, Yeoh Tiong Lay has been married to Chen Kairong since 1953, and the couple has seven children, one of them, Francis Yeoh, is currently the managing director of YTL Corp, a post he has held since 1988.
Yeoh is also a well-known philanthropist, having given $11 million to King’s College in London in 2013 to establish the Yeoh Tiong Lay Centre for Politics, Philosophy, and Law, among other gifts.
|Date Of Birth
|December 18, 1929
|Place Of Birth
|Hin Hua High School
|Francis Yeoh, Seok Kah Yeoh, Seok Kian Yeoh, Soo Keng Yeoh, Sock Siong Yeoh, Seok Hong Yeoh, Soo Min Yeoh
|Cheng Liam Yeoh