What is Syed Mokhtar Al-Bukhary's Net Worth?
Syed Mokhtar AlBukhary is a prominent Malaysian businessman with an impressive net worth of $3.1 billion. His diversified business interests span several key sectors including transportation and logistics, plantations, property development, defense and armory, as well as engineering and power generation.
Despite facing financial challenges, such as declining shares in MMC Corp. and DRB-Hicom and accumulating debt for various acquisitions, Syed Mokhtar's fledgling telecom company, Puncak Semangat, has flourished remarkably. It outperformed major competitors, including Maxis, owned by fellow billionaire Ananda Krishnan, to secure the largest portion of the spectrum for 4G services.
There are also plans for MMC's power subsidiary to go public in a deal worth an estimated $1 billion. As of March 2013, Syed Mokhtar AlBukhary's diligent efforts and substantial wealth have positioned him as the richest man in Malaysia.
