PETALING JAYA: Robert Kuok has once again topped the Forbes 2018 Malaysia Rich List with his wealth soaring by US$3.4bil to US$14.8bil from US$11.4bil a year ago.

Kuok, 94, is also the world’s 96th richest man, according to the Forbes’ 2018 Billionaires List.

Several other Malaysian tycoons saw their overall fortunes soaring, which was led by a 6.6% rise in the Kuala Lumpur Composite Index over the past year and a 13.1% appreciation in the ringgit’s value against the US dollar. Forbes said 34 listees saw their wealth increase, while only six experienced a decline.

Forbes set the minimum net worth to make the list this year at US$300mil, up from US$210mil.

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