What is Lee Shin Cheng's Net Worth?
Lee Shin Cheng was a renowned Malaysian Chinese business magnate with a substantial net worth of $5.3 billion at the peak of his career. He passed away on June 1, 2019.
Career and Contributions
As the executive chairman of IOI Corporation Berhad, commonly known as IOI Group, Lee Shin Cheng played a pivotal role in the plantation industry. IOI Group is recognized as a giant in palm oil production and real estate development.
Investments and Business Ventures
Despite facing setbacks due to declining palm oil prices, which affected his company's share value, Lee Shin Cheng exemplified resilience through continuous investments. In the preceding year, he ventured into China's real estate market, purchasing land in Xiamen for $190 million and acquiring full control of a 7.7-acre residential and commercial project by buying out his Taiwanese partner.
