Chen Lip Keong - businessman and casino owner of NagaWorld. Dr Chen is also a director of. The Founder, Controlling Shareholder and CEO of NagaCorp, Dr Chen Lip Keong, has transferred a controlling stake in the company to his family trust. 4) Teh Hong Piow; US$5. Such price reflects the Mr Chen’s “confidence in the group’s value growth,” NagaCorp stated. 4) Chen Lip Keong. NagaCorp, a Hong Kong-listed company controlled by Malaysia’s Chen Lip Keong that operates two casinos in Cambodia, announced last week that it is suspending work indefinitely on the planned Primorsky Entertainment Resort City project in Vladivostok, Russia, “until the circumstance is clearer". Ho Siew Tian (alias Madam Qwee Lip Neo) passed away at the age of 77 at her residence, 47 Lorong 29 Geylang on 30 July 1948 at 9 pm, leaving behind her husband, Ho Siew Tian, 6 sons, 7. . [+] This story is part of Forbes' coverage of Malaysia’s Richest 2018. 9, US$3. NagaCorp said the move was aimed at injecting “new vitality” into the management of the group. by Casino. POWER SCORE: 1,535 POSITION LAST YEAR: 14. because of concerns over the company's lack of "legal and supervisory framework. Tan Sri Dr. See Lip Keong Chen's compensation, career history, education, & memberships. 6bil) 9. Chen Yepern, Mr. He was appointed to the Board of. because of concerns over the company's lack of "legal and supervisory framework. In 2022, Chen is the 7th richest man in Malaysia. B. 9 bilion) bilion di tempat ke-511. But the ratings agency noted that NagaCorp, operator of the NagaWorld. Tan Sri Lau Cho Kun – Diana Abraham. Pihak Forbes dalam satu kenyataan berkata, nilai kekayaan 50. Chen is known for founding the NagaWorld casino in Phnom Penh, the only integrated resort in Cambodia. The remaining five richest Malaysians are Tan Sri Chen Lip Keong (NagaCorp Ltd, US$5 billion), Tan Sri Lim Kok Thay (Genting Bhd, US$4. *b Deemed interest by virtue of Section 59(11)(c) of the Companies Act 2016 held by the spouse. Robert Kuok remains the richest Malaysian while newcomers WTK Holdings Bhd's Wong Kie Chie and PMB Technology Bhd's Koon Poh Ming join the Forbes billionaires club. Chen Lip Kyung-$2. But the ratings agency noted that NagaCorp, operator of the NagaWorld. NagaCorp founder Chen Lip Keong sees uptick in his net worth to $2. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()Even as Cambodian casino operator NagaCorp Ltd opened Naga 2, a 900-room extension to its facility in the country’s capital, the firm’s founder and chief executive Chen Lip Keong (pictured left) was outlining a strategy to capture gambling business from the four corners of China and potentially the Japan market too. 3 billion, Malaysia’s 4th richest man ) Tan Sri Dato’ Dr Chen Lip Keong, has rallied to the aid of the Royal Government…Chen Lip Keong is on Facebook. Vol. Tan Sri Dr Chen has more than 30 years of corporate, managerial. NagaCorp, controlled by billionaire Chen Lip Keong, said Tuesday it’s aiming to raise $200 million by issuing additional debt notes to strengthen its balance. 3 billion) Tan Yu Yeh & Yu Wei (US$1. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()re-designation of chen lip keong from chief executive officer to senior chief executive officer. 24 billion nearly flat from a year ago. Another strong point of NagaCorp would be its leadership, namely its CEO Chen Lip Keong. 4 billion. RGC from 1993 to 1997, and Chinese-Malaysian Dato Dr. Notably Chen, who has a medical degree from Universiti Malaya, had a stint as a general practitioner before beginning his business. On April 5, Hong Kong-listed casino operator NagaCorp Ltd. 1 bilion (RM44. company, owned by Malaysian Chen Lip Keong, on its exchange. Share. In 2021, hundreds of workers faced heavy crackdown for participating in a three-month strike in front of NagaWorld casino owned by Malaysian billionaire Chen Lip Keong, over better severance packages for layoffs due to the pandemic. Donors: Finance $1000 - $4999. The Founder, Controlling Shareholder and CEO of NagaCorp, Dr Chen Lip Keong,. 1-2; p. Ranked #7 in Malaysia's 50 Richest in 2018. Bhd. B. 9, $3. Chen Lip Keong split into four parts. Chen Lip Keong, President and CEO of the NAGA Corporation. Tan Sri Dr. com: GBICxS/0018: Ir Mohd Fadzil bin Ahmad. The announcement, filed with the Hong Kong Stock Exchange late Sunday night, reveals. Dr Chen is the founder, controlling shareholder, chief executive officer, and a member of the Remuneration Committee, the Nomination Committee and the AML Oversight Committee of the Board. L’homme d’affaires malaisien d'origine chinoise Chen Lip Keong est le fondateur et l’actionnaire majoritaire de Naga Corp. 67 million. 8. Bhd and others for MYR 91. Among the hardest hit were casino moguls Chen Lip Keong (No. Conflict of Interest9. KUALA LUMPUR (April 5): NagaCorp chief executive officer (CEO) Tan Sri Chen Lip Keong, WTK Holdings Bhd director Wong Kie Chie and PMB Technology Bhd founder and CEO Koon Poh Ming have been included into Forbes’ billionaires club. Join Facebook to connect with Michael Chen Lip Keong and others you may know. We literally would like to thank over a thousand people, partners & organisations. Chen draws attention with takeover deals. Back in 2017, leaked telephone messages between Chen Lip Keong, the Malaysian CEO of NagaWorld, a multibillion dollar casino and the only one allowed to. Tan Sri Dr Chen is the spouse of Puan Sri Lee Chou Sarn and father of Mr Chen Yiy Fon Interest FACB Industries Incorporated Berhad Ordinary shares Direct - 16,925,000 Indirect - 8,374,389 Deemed interested by virtue of Section 6A of the Companies Act, 1965 held via Blue Velvet Property CorpCasino buildings are works of art. The CEC consists of thirty members democratically elected by branch delegates during the Party National Congress, who are empowered to co-opt 10 additional. 8 billion. 21 • No. Tan Sri Chen Lip Keong; US$2. Lim Beng Hong (B. Authorities cite COVID concerns, but activists say the motive is to block labor reform. Lim stepped down as chairman. KUALA LUMPUR: S&P Global Ratings expects NagaCorp Ltd's (Naga; B+/Stable. 49. NagaWorld is the. Casino operator NagaCorp on Tuesday announced a shake-up of its senior level management, which sees the chief executive role helmed by Dr. With this donation, the RDF can now extend its support to patients with the rare disease of Mucopolysaccharidosis type VI (MPS VI)*. Chen Lip Keong. 7 billion), T. Despite the coronavirus outbreak taking a toll on gaming, Chen Lip Keong is trying his luck in Russia: his NagaCorp is building a $300 million casino hotel outside Vladivostok, due to open in 2021. 2 (RM22. Malaysia’s 7th richest person is the well-known Genting Group boss Lim Kok Thay. Chen Lip Keong, the chief executive of NagaCorp has personally contributed more than 15 million dollars to purchase and acquire vaccinations for the country. VIEWS. The magazine, which calculates the wealth of individuals using company data, published a list of the 50 richest Malaysians in its March edition. B. 7 B Industry: Gambling & Casinos Chen Lip Keong’s NagaWorld holds a casino license in Cambodian capital Phnom Penh running to 2065, with a guaranteed monopoly to 2035. 20 Chen Lip Keong CEO and Executive Director NagaCorp. NagaCorp was founded in 1995 by Tan Sri Dr Chen Lip Keong. Lip Keong Chen is Senior CEO/Executive Director/Founder at Nagacorp Ltd. Malaysia. “We’re pretty confident that this decision is going to serve us well. Diversified. 16 votes, 27 comments. Lim’s assets include Empire Resorts, the parent company of loss-making Resorts World Catskills #7 Chen Lip Keong Net Worth: $2. 4 billion; Lau Cho. Among the hardest hit were casino moguls Chen Lip Keong (No. Chen Lip Keong’s Net Worth. 4 billion or RM14 billion) and Lim Kok Thay (No. Today, his eldest son Lawrence has global growth in his sights. S. 2 with $10. Chen Lip Keong ( simplified Chinese: 曾立强; born 22 July 1948) is a Malaysian businessman with interests in integrated resorts, property and energy. Dr Chen is the founder, controlling shareh older and a member of the Remuneration Committee, the Nomination Committee and the AML Oversight Committee of the Board. After a careful and detailed screening and interview, the Australian based consultants awarded the contract to Ariston, which was the preferred bidder; 1995Most of that: US$3. Posted on: March 11, 2022, 02:18h. 55 billion or about RM10. This medical doctor-turned- casino tycoon takes the number 7 spot for Malaysia’s richest people. 8 billion. of Dr. Business mogul and chairman of Usaha Tegas Ananda. 2014 aNNal rePort Corporate Structure ~ Incorporated in British Virgin Islands n Incorporated in Cambodia * Incorporated in Cayman Islands s Incorporated in Cyprus # Incorporated in Hong Kong a Incorporated in Macau h Incorporated in Malaysia m Incorporated in Russia i Incorporated in Thailand v Incorporated in Vietnam 100% 4%. Mr Chen Yiy Fon is the son of Tan Sri Dr. POWER SCORE 1,234 LAST YEAR 20 NagaCorp took a great leap forward with November’s soft opening. The top 10 richest in Malaysia are: 1) Robert Kuok; US$11 billion. Tan Sri Lau Cho Kun. Chen Yepern, Mr. 3 billion (RM22. Chen has 1 job listed on their profile. 7k. Reclusive businessman Chen back in local limelight. * Acting chief executive officer of the Company resigned on 31 December 2017. 10 Người Giàu Nhất Malaysia Năm 2020. Malaysian casino tycoons Dr Chen Lip Keong and Tan Sri Lim Kok Thay saw their wealth fall over the past 12 months, although both still managed to climb higher on the Forbes list of Malaysia’s Richest 50 for 2022. Tan Sri Chen Lip Keong, CEO of NagaCorp and a businessman with an estimated net worth of US$2. Donors: Finance $500 - $999. 2 Chan Chia Lin Vice President 9 Cyril Chua BBM, PBM Member 8 Chern Siang Jye PPA(G) Ministry of Health Representative 10 Eric Teng BBM, PBM Member 11 Eugene Seow PBM Member 12 Girija Pande Member 5 Ooi Chee Kar Honorary General Secretary 7 Dr Cheong Choong Kong BBM Member 3 Robert Chew BBM, PBM Vice President 4. 8 billion 7) Chen Lip Keong; AS$2. The minimum net worth to make the list was $255 million, down from US$315 million in 2021. Lau Cho Kun / Nagacorp S Chen Lip Keong Wtk S Wong Kie Chie Pmb Tech S. Chen Lip Keong, founder of NagaCorp, was classified as the 7th richest individual in the nation, with a net worth of $2. According to the Cambodia Daily, the elder Chen is “accelerating the family succession plan” with the “re-designation” of senior management. NagaCorp said the move was aimed at injecting “new vitality” into the management of the group. RM354 billion). 5 billion)," reported Forbes Asia. Chen Lip Keong has simplified the shareholding structure of his stake in the group for succession planning purposes. As of August 2016. Directorate. In addition, the Council for Development of Cambodia and the ASEAN Business Association were also involved in an SME matchmaking event hosted at NagaWorld – owned by Malaysian businessman Ten Sri Dr. Chen Lip Keong's NagaCorp to retap US debt notes. Dr. Instead he struck gold in quite a different business. Chen Cherchi, are the directors of Sakai Global, the sole shareholder of the Trustee. 7 billion amid the rising tide of tourists to Cambodia, the country’s low labor costs and Chen’s tight controls on capital expenditures. Lip Keong Chen serves as Chief Executive Officer, Executive Director of the Company. Join Facebook to connect with Chen Lip Keong and others you may know. Tan Sri Dr Chen Lip Keong Chen Lip Keong (Photo: Facebook @GlobalGamingBusiness) The 9th richest man in Malaysia is our own casino tycoon, Chen Lip Keong! The Founder and CEO of the first casino company listed on the Hong Kong stock exchange, NagaCorp, Chen is valued at US$3. According to Forbes, Malaysia’s 8th richest person is the well-known Genting Group boss Lim Kok Thay – with a wealth of $2. Adam Dean for Forbes This story is part of Forbes’ coverage of Malaysia’s Richest 2023. Chen has 1 job listed on their profile. Save as disclosed above, none of the Directors and Key Senior Management have any family relationship with any Director and/or major shareholder of the Company. To begin this process, please key in your 12-digit NRIC No. See the full list here. 55 billion). 3 billion. com: GBICxS/0013: Ir Wong Choong Yee: EAB Consulting Engineers Sdn Bhd:. Ching is the highest paid CEO in 2019, ranging between $13. , Ariston Sdn. 1 billion. The late singer Danny Chan Pak. . NagaCorp, which has an exclusive license to run casinos within a 120-kilometer radius of Phnom Penh, is owned by Malaysian-Chinese businessman Chen Lip Keong and is publicly listed on the Hong. Meanwhile, the pandemic took its toll on 19 listees, whose fortunes fell. Chen Lip Keong is a renowned Malaysian entrepreneur and businessman with a net worth of $7. He listed the company in Hong Kong in 2006 after Singapore rejected the listing, and the stock price has been climbing ever. Foreigners are not allowed to own land in Cambodia. (Adam. Forbes Billionaires 2022: The Top 10 Malaysians on the List | Tatler Asia. 2021: Corporate Awards: In March, the company’s NagaWorld Kind Hearts ESG initiatives won four Stevie Awards at the 17th Annual International Business Awards. . Chen Lip Keong is a renowned Malaysian entrepreneur and businessman with a net worth of $7. A Cambodian court heard opening statements on Tuesday in a case against members of a union fighting for better pay and working conditions at the NagaWorld Casino. "Seven from last year's list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes. Tan Sri Dr Chen Lip Keong Chen Lip Keong (Photo: Facebook @GlobalGamingBusiness) The 9th richest man in Malaysia is our own casino tycoon, Chen Lip Keong! The Founder and CEO of the first casino company listed on the Hong Kong stock exchange, NagaCorp, Chen is valued at US$3. Malaysian billionaire Chen Lip Keong started NagaCorp in 1995. Lau cho kun. Nilai bersihnya jatuh 24 peratus, hampir menyingkirkannya daripada senarai Forbes. 4 billion), Tan Sri Koon Poh Keong, Koon Poh Ming and Koon Poh Weng (Press Metal Aluminium Holdings Bhd, US$2. Chen Lip Keong; US$2. Dr. NagaCorp filed for its initial public offering ("IPO") on the Hong Kong Stock Exchange ("HKSE") in 2006, making it the first gaming company listed on the HKSE and the first. Currently the 26th richest Malaysian, Dr. Chen Lip Keong. Tan Sri Teh Hong Piow (Public Bank, US$6. (LRSU/Mam Sovathen) A son of casino firm NagaCorp’s billionaire senior CEO has been accused by unionists of. His eldest son, Chen Yiy Hwuan, 42, will become CEO of hotels, Chen Yiy Fon, 41, (a board member since 2015) CEO. Steven Siaw Kok Tong. Tan Sri Dr Chen Lip Keong. Chan Sek Keong – Third Chief Justice of Singapore. Chen Cien Then and Mr. The Malaysian founder of Phnom Penh’s only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. Tan Yu Yeh and Tan Yu Wei; US$2. In the Metal industry, Chou Sarn Lee has 13,219 colleagues in 1,035 companies located in 67 countries. Chen Lip Keong. for the regulation of casinos and the prevention of money laundering". 4 billion at third place. 41% stake, intends to take Karambunai private in a deal worth an estimated RM184. 23 in the operator of Cambodia’s NagaWorld, directly and indirectly, through a series of foundations and holding companies. In addition to NagaWorld, he also opened up Naga 2 (another casino) opposite NagaWorld, connected by underground mall NagaCity Walk. And Philip Ang See Wealth Fall As Global Headwinds Hit. appointment of chen yiy fon as chief executive officer - operations. 23 in the operator of Cambodia’s NagaWorld, directly and indirectly, through a series of foundations and holding companies. Koon Poh Keong is a founding member of Press Metal Aluminium Holdings Bhd and has been its CEO since the company’s listing on Bursa Malaysia in 1993. Among the top 10 richest in Asia are (from left) Robert Kuok, Quek Leng Chan and Koon Poh Keong. 7 billion. The Malay Mail reports that the next richest Malaysians are Tan Sri Quek Leng Chan of Hong Leong group fame, with an estimated net worth of US$9. In addition to being the first business of its kind to be listed on the stock exchange in Hong Kong, NagaCorp is also the first casino to conduct the majority of its operations in Cambodia. Do. Lip Keong Chen serves as Chief Executive Officer, Executive. 35bil. The bank was started in 1966 by Teh Hong Piow. Manufacturing. 7 billion Image Credit: Forbes. April 6, 2022. 76% of issued share capital. Dr. Foremost, there’s the “Eastern point of Russia,” within reach. A loan of up to US$80 million offered to casino operator NagaCorp Ltd from the trust set up by its founder and controlling shareholder Chen Lip Keong, is a “credit positive”, says Moody’s Investors Service Inc, as it would address the 2024 maturity of a company bond. Tan Sri Dr Chen Lip Keong. In this week’s Face-to-Face, Nagacorp Chairman Tim McNally tells us about the reasons behind the new structure and how executive responsibility will be shared. Steven Siaw Kok Tong. Dr Chen is the founder, controlling shareholder, senior chief executive officer, and a member of the Remuneration Committee, the Nomination Committee and the AML Oversight Committee of the Board. NagaCorp’s founder and chief executive Chen Lip Keong has been increasing his stake in the Cambodian casino operator and currently owns 66. Among the latter group was casino mogul Chen Lip Keong, who moved into the top five for the first time at No. Tan Sri Dr Chen Lip Keong, aged 74, was appointed as an executive director of the Company in April 2003. NagaCorp founder Dr Chen Lip Keong appears to be accelerating the family succession plan after announcing a “re-designation” of senior management that will see three of his sons become joint CEOs. 5 billion). Tan Sri Dr Chen Lip Keong，75歲，於二零零三年四月獲委任為本公司執行董事。Dr Chen為創辦人、控股股東、高級行政總裁，以及董事會轄下薪酬委員會、提名委員會及反洗黑錢活動監督委員會成員。The three are sons of the founder Chen Lip Keong, who is being redesignated as “senior chief executive” with effect from Tuesday (April 5) . Under the re-designation, Dr Chen’s position will change from CEO to Senior CEO, effective immediately. WordPress. NagaCorp, a Hong Kong-listed company controlled by Malaysia’s Chen Lip Keong that operates casino gaming in Cambodia, announced that the scheduled expansion of its integrated resort. Chen Lip Keong, owner of NagaCorp, and Genting Group boss Lim Kok rank sixth and seventh on Forbes' annual list of the richest Malaysians. Tan Sri Lau Cho Kun – Diana Abraham. See Lip Keong Chen's compensation, career history, education, & memberships. Diversified. After rising 8. A loan of up to US$80 million offered to casino operator NagaCorp Ltd from the trust set up by its founder and controlling shareholder Chen Lip Keong, is a “credit positive”, says Moody’s Investors Service Inc, as it would address the 2024 maturity of a company bond. Forgot password ?. 5 billion)," reported Forbes Asia. 8 billion. Industry Hotels, Restaurants & Leisure Founded 1995 Country/TerritoryThe Founder, Controlling Shareholder and CEO of NagaCorp, Dr Chen Lip Keong, has transferred a controlling stake in the company to his family trust. , a Commercial Director at Primorsky Entertainment Resort City LLC and an Executive President at FACB Industries Inc. Chen Lip Keong, owner of NagaCorp, and Genting Group boss Lim Kok rank sixth and seventh on Forbes' annual list of the richest Malaysians. 4 billion, was granted Cambodian nationality in a royal decree signed on October 19 by Senate president and acting head of state Say Chhum. NAGACORP LTD. Cambodia Releases 200 Striking Nagaworld Workers After UN Criticism. CHEN LIP KEONG ’s NagaWorld empire lives a charmed life. The three are sons of the founder Chen Lip Keong, who is being redesignated as “senior chief executive” with effect from Tuesday (April 5) . appointment of chen cherchi as chief executive officer - finance and treasury. Chen Lip Keong boosted three of his sons’ positions with the company, making all three co-CEOs. Chen Lip Keong came to Cambodia 25 years ago to drill for oil. Keong is considered one of the most successful business owners in Southeast Asia, whose brainchild has created. Ir Jack Chan Weng Loon: NK Engineers Sdn Bhd: 03 7982 8867: 03 7981 7873: 012 221 2661: cwengloon@gmail. The next five in the top 10 in descending order are: Datuk Lee Yeow Chor and brother Lee Yeow Seng (IOI Group, RM21. NagaWorld is a multi-award winning, world class integrated resort. 10 Người Giàu Nhất Malaysia Năm 2020. 7, $3. 1 billion). 4 billion (RM14. Chen Lip Keong possesses a casino license that is valid until 2065 and is located in Phnom Penh, the capital city of Cambodia. 4 billion (2021) Age 74. It demonstrates a lot of confidence and commitment from. 4 Billion. 2021 Asia's Most Influential MY Awards 1995 Commander of the Order of Loyalty to the Crown of Malaysia Social Media A gambling billionaire with his NagaWorld empire in the. $3. 1 million on April 28, 2016. Naga2 opened across the street in November 2017, connected by underground mall NagaCity Walk. 35 billion 10) Lau Cho Kun;. His offer is for the remaining 1. Tan Sri Dr Chen Lip Keong Chen Yiy Fon Michael Lai Kai Jin Company Secretary Lam Yi Lin Authorised Representatives Philip Lee Wai Tuck Lam Yi Lin Independent Auditor BDO Limited Solicitors Ashurst Hong Kong (as to Hong Kong Laws) Principal Banker CIMB Bank. NagaCorp, controlled by billionaire Chen Lip Keong, said Tuesday it’s aiming to raise $200 million by issuing additional debt notes to strengthen its balance sheet as the Covid-19 pandemic in. Chen’s five sons, namely Mr. 5 billion (est. NagaCorp Company Stats. Chen Lip Keong is a Malaysian businessman with interests in integrated resorts, property and energy. The three. Gamble on warrantsTHE takeover offer for Karambunai Corp Bhd (KCB) has received positive response. Source Of Wealth. FOUNDER, CONTROLLING SHAREHOLDER AND CEO NagaCorp POWER SCORE: 1,485 POSITION LAST YEAR: 14 CLAIMS TO FAME Majority owner of HongQuek Leng Chan is the executive chairman of privately held Hong Leong Co. 55 billion). 8 billion. 8 Billion ; Lau Cho Kun – USD 1. Immediately before the Share Transfer, the Trustee indirectly held 110,578,000 SharesThe Hong Kong-listed parent company NagaCorp is headed by chief executive officer Chen Lip Keong. 7 billion, and he amassed this fortune through his involvement in the gaming sector. You might be interested to know more about Chen Lip Keong. 62% stake in Karambunai and 523. 2bil), nearly flat from a year ago. 9 billion), is Malaysia’s eighth richest person. Khew Teck Fook, Edwin: CE201500002: Aero: Mr. 2 billion. View the profiles of people named Michael Chen Lip Keong. Chen Yepern, and three independent nonexecutive directors, namely, Tan Sri Datuk Seri Panglima Abdul Kadir Bin Haji Sheikh Fadzir, Mr. Chen Lip Keong is a Malaysian billionaire who has a net worth of $1 billion. The respectable businessman, with an experience of over 30 years, used to be the president of the state airline company in Malaysia. If you have lost your password, you must set a new password. Dr Chen’s main source of wealth comes from his gaming business. Dr. Mr McNally said the firm’s founder and chief executive, Chen Lip Keong, “being a medical doctor, certainly intends Naga[World] to set the bar high for the private sector in terms of best practices”. Khoo Beng Keat: CE201500003: Marine: Er. Chen owns 69. July 25, 2022. The top 10 richest in Malaysia are: 1) Robert Kuok; US$11 billion. See the complete profile on LinkedIn and discover Chen’s connections and jobs at similar companies. See the full coverage here. Chen credits his own success to his father and “best mentor,” Dr. Chen owns 69. 55 billion or RM10. Chen Lip Keong, founder of NagaCorp, was classified as the 7th richest individual in the nation, with a net worth of $2. NagaCorp’s founder, Chen Lip Keong, also made headlines as one of Malaysia’s richest individuals, according to Forbes – with a net worth of $2. Chen Lip Keong, $3. Chen and his family. 5M to $13. Despite the coronavirus outbreak taking a toll on gaming, Chen Lip Keong is trying his luck in Russia: his NagaCorp is building a $300 million casino hotel outside Vladivostok, due to open in 2021. Chen Lip Keong, the founder and CEO of gaming operator NagaCorp. PETALING JAYA: Gaming tycoon Tan Sri Dr Chen Lip Keong is back in the news following his proposed privatisation of two of his loss-making listed firms. By the end of 2021, the hotel building was complete, as well as a large portion of the casino. Chen Lip Keong is on Facebook. VIEWS. Karambunai Corp KRBN. Chen (pictured, centre) is unlike other billionaire businessmen in Malaysia. In Forbes’ 36th annual World’s Billionaires List, the magazine estimated Chen’s net worth to be US$2. Its casino operations suffered because of COVID-19. Instead he struck gold in quite a different business. Number of Current Jobs 1. 1 billion. Chen Lip Keong founded NagaCorp in 1995, the same year he obtained a 70- year gaming license in Cambodia and a monopoly until 2035 on casino operations within a 200-kilometer radius of the capital, Phnom Penh. 35 billion; Lau Cho Kun; US$2 billion; Forbes noted that the boost in domestic demand saw Malaysia’s. 2 billion. Malaya) Working experience and occupation : Tan Sri Dr Chen has more than 30 years of corporate, managerial and business experience since 1976. According to the Cambodia Daily, the elder Chen is “accelerating the family succession plan” with the “re-designation” of senior management. [+] shown here in 2014 - to Naga2, a US$400 million addition opening later this year aiming to. 6 billion (RM10. SubscribeSINGAPORE — For the past week, the legal fraternity has been abuzz with excitement over a paper by former chief justice and attorney-general Chan Sek Keong, which argued that Section 377A of the. Choose from the list below to view: Key Partners for Essential Services. 55 billion). 5,680 executive movements have been. He is the founder and CEO of NagaCorp – a company that owns and operates entertainment, casino and gaming businesses. H. Chen Lip Keong. Robert Kuok, Ananda Krishnan, Koon Poh Keong, and more on Forbes' 2023 list of the world's wealthiest individuals. He is also a Director of LIPKCO Group Limited (formerly known as Fourth Star Finance Corp. 9bil) 8. Join Facebook to connect with Michael Chen Lip Keong and others you may know. (Malaysia) which is involved in finance, property, food, and manufacturing. Dr Chan Sing Kit Prof Chee Yam Cheng Dr Chen Ai Ju A/Prof Cheong Pak Yean Prof Chew Chin Hin Prof Foo Keong Tatt. Chen has been diligently learning so much from his father’s vision of NagaWorld in Cambodia and the gaming industry in the future. The Malaysian founder of Phnom Penh's only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. Mr Chen Yiy Fon is the son of Tan Sri Dr.