4. Teh Hong Piow
Teh Hong Piow gets most of his wealth from his 24% stake in Public Bank, of which he built from scratch and is now Malaysia’s third largest banking group based on assets. He attended his formal primary and secondary education at the Anglo-Chinese School in Singapore and then began his career as a clerk with Oversea-Chinese Banking Corp. He currently owns a stake of insurance business LPI Capital.
He has over 50 years of experience in the banking industry, and in recognition of his contribution to society and the economy, he was conferred the Doctor of Laws (Honorary) from University of Malaya in 1989.