LAST_UPDATEThu, 26 Apr 2018 11pm

Forbes 2017 Billionaires: Meet The Richest People On The Planet And The 12 Malaysians Who Made It On The List

Forbes has just released its latest report on the world's billionaires and it might surprise you to know that 12 Malaysians have made it on that exclusive list.

While our Malaysian billionaires are nowhere near the likes of Bill Gates and Warren Buffet, it is notable that 12 of them were named in Forbes 2017 Billionaires List.

Who made it into the billionaires club?

Coming in at the top in 115 placing is Robert Kuok. The 93-year-old billionaire is has a net worth of US$11.4 billion.

The other eleven Malaysian billionaires who appeared on the list are Tan Sri Quek Leng Chan (ranked 202, net worth: US$6.8bil), T. Ananda Krishnan (219, US$6.5bil), Tan Sri Lee Shin Cheng (348, US$4.7bil), Tan Sri Teh Hong Piow (348, US$4.7bil), Tan Sri Lau Cho Kun (973, US$2.1bil), Tan Sri Yeoh Tiong Lay (973, US$2.1bil), Tan Sri Tiong Hew King (1,030, US$2bil), Tan Sri Syed Mokhtar Albukhary (1,161, US$1.8bil), Tan Sri Dr Chen Lip Keong (1,290, US$1.6bil), Kuan Kam Hong (1,940, US$1bil) and Tan Sri Desmond Lim Siew Choon (1,940, US$1bil), The Star reports.

While the global economy might not be rosy, it was still a record year for the richest people on earth, as the number of billionaires jumped 13% to 2,043 from 1,810 last year, the latest Forbes report states.

Video: The 10 Richest People In The World

Forbes said a record 2,043 billionaires made it to the 31st annual ranking of the world’s billionaires (2016: 1,810 billionaires), which was the biggest number in the 31 years that Forbes has been tracking billionaires globally, it said in a media statement.

It is also noteworthy that the Asia Pacific region provided the most number of billionaires, totalling 720 with China alone supplying the most at 76 billionaires.

Women billionaires also made great strides into what can no longer be called the Billionaire Boys Club. This year's list saw 15 new self-made women billionaires, including 10 from China and the first ever from Vietnam, Nguyen Thi Phuong Thao, who took her budget airline, VietJet Air, public in February 2017, the Forbes report noted.

Meanwhile Microsoft founder Bill Gates kept his top spot on the Forbes list, with a fortune of US$86bil (up from US$75bil in 2016) for the fourth year running.

Other fun trivia include the fact that there are 56 billionaires under age 40, down from 66 last year, after some aged out and others dropped below the US$1 billion mark.

As for US president Donald Trump, he still made it into the world's billionaire's ranks with a net worth of US$3.5 billion, down by about US$1 billion compared to the past year.

- mD