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Thursday, February 26, 2015

M'sian billionaires, incl Dr M's sons, now poorer due to oil price slump

The US business magazine reported yesterday the net worth of the second son of former prime minister Tun Dr Mahathir Mohamad had plunged by RM1.8 billion in a 42 per cent drop-the biggest drop in percentage terms of anyone in Forbes' Malaysia's richest list this year-knocking him out of the billionaire ranks. Mokhzani is Malaysia's 26th richest person and a large investor in the region's biggest oil and gas services provider, SapuraKencana Petroleum.

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