Financial News: Who are the richest people in Malaysia and the world?

Financial News: Who are the richest people in Malaysia and the world?

This was widely reported. It’s always a popular topic. Who are the richest Malaysians? Why are they so wealthy?Did they become rich recently? Did they build their wealth over time? Were they rich because of the generation before them? Are they rich because of technology? As they say, technology is now driving all the transformation all over the world. ChatGPT for example is one such huge change.

Please do read the full Article in freemalaysiatoday.com Meanwhile they have compiled the list of Malaysians in the Forbes Billionaire List 2023.

What did you notice from the above list?

7 out of 18 of these richest Malaysians have property listed as a source of their wealth. Out of the top 5, there are 3 whose wealth course has property listed. Just the wealth of the top 3 is already equivalent to the wealth of the remaining 15 on the list of 18 richest billionaires in Malaysia. The youngest of the top 3 is 81 years old. We also note that none of them are because of a tech start-up yeah.

What about the world then?

Here are the ones at the top for the world.

We see names such as Amazon, Oracle, Microsoft in the list. In fact we have two from Microsoft within the top 10 yeah. Meanwhile traditional businesses such as LVMH and L’Oreal are also represented which tells us that consumption power of people looking for luxury and beauty products are very strong. We also have the famous Elon Musk at number two.

Okay, enough reading. Let’s get back to work.

Hopefully some of them may have inspired some of us to think how we could somehow reach the leagues of the billionaires. Perhaps it’s best to start with the leagues of the multi-millionaires first? The reason I say multi-millionaires is because for some countries in the world today, many of their people are already millionaires due to their holding of their property. Yeah, prices have risen sufficiently to propel them to become a millionaire should they decide to sell that property. Happy working!

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