KUALA LUMPUR: Global media group Forbes, in its annual wealth rankings, has revealed that Tan Sri Francis Yeoh and his siblings saw the biggest increase in their personal fortunes with a combined net worth that more than tripled to US$4.7bil over the past year.
The Yeoh family jumped seven spots on the Forbes 2024 list of Malaysia's 50 Richest to No.7 as the shares of YTL Corp Bhd surged following a partnership with US tech giant Nvidia to build AI infrastructure at its data centre park in Johor.
The share price of the Yeoh flagship firm has been rallying since late-March 2023, rising over 300% over that period of time for a market capitalisation of RM28.73bil, according to Refinitiv data.
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