#277

Teh Hong Piow

$5.4 Billion
Age
:
85
Source
:
banking, Self Made
Gender
:
Male
Residence
:
Kuala Lumpur, Malaysia
Marital Status
:
Married
Children
:
4
Citizenship
:
Malaysia
Description :

Teh Hong Piow owns nearly a quarter of Public Bank, which he founded in 1966 and built into Malaysia's third-largest banking group by assets. His bank has maintained a track record for producing consistent profitability since its inception. He started his career as a clerk with Oversea-Chinese Banking Corp and also owns 44% of insurance business LPI Capital. Piow funded a chair in his name for applied research in banking and finance at local university Tunku Abdul Rahman. He was conferred an Honorary Doctor of Laws from Universiti Malaya in 1989. An important cause for him is crime prevention and the welfare of police officers.

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