Wealth of Malaysia's 50 richest on forbes list edges up to US$81.6 billion.

Despite a dip in the stock market, the collective wealth of tycoons on the 2023 Forbes list of Malaysia's 50 Richest edged up to US$81.6 billion from $80.5 billion last year. The complete list can be found, as well as in the June issue of Forbes Asia.

After rising 8.7 percent in 2022 on the back of a rebound in domestic consumer spending, Malaysia's economy is expected to grow at a more moderate pace this year. Despite the country's post-pandemic revival, the stock market fell 8 percent since fortunes were last measured and the ringgit was also down nearly 2 percent.

Business titan Robert Kuok, who will be a centenarian in October, is Malaysia's richest person, a position he has held for more than a quarter of a century. Kuok, the biggest gainer in dollar terms this year, is one of only two persons on the list with a double-digit fortune of $11.8 billion. The other is Quek Leng...