Syed Mokhtar Al-Bukhary
| Syed Mokhtar Al-Bukhary | |
|---|---|
| Born | 1952 Alor Setar, Kedah, Malaysia |
| Occupation | Founder, Albukhary Foundation |
| Known for | transportation and logistics, plantations, property development, defense and armory as well as engineering and power generation |
| Net worth |
 US$2.90 billion (2014) |
| Spouse(s) | Puan Sri Sharifah Zarah Al-Bukhary |
| Children | Ilyas Muzaffar, Ilya Myasara, Iliya Melissa, Iffah Maryam |
Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary (Arabic: سيد مختار شاه بن سيد نور البخاري Sayyid Muḵtār Šāh bin Sayyid Nūr al-Buḵārī; born 1952) is the richest Bumiputra corporate figure in Malaysia. With involvement in diversified business areas which include transportation and logistics, plantations, property development, defense and armory as well as engineering and power generation, he has a net worth estimated to be US$2.90 billion according to Forbes, making him the 8th richest Malaysian.
Syed Mokhtar Al-Bukhary is the third of seven children born into an Hadhrami Arab ancestry. His father was a trader who had travelled to Central Asia and Thailand in his youth before settling down in Kedah during the 1940s. When Syed Mokhtar was nine years old, he was sent to Johor Bahru to live with his uncle Syed Omar where he studied until Form 2.
By 2000, the port, called Tanjung Pelepas, was completed and functioning. Syed sought business partners, and negotiated with Danish shipper Maersk Sealand International for a 30% interest and the right to manage the port’s operations. Prior to closing the agreement, he reacquired the government’s 40% stake; he then turned around and sold the 30% interest to Maersk for approximately 730 million ringgit in 2001, making a profit of more than 200 million ringgit. Over time Syed’s wealth grew as he diversified his business interests into other areas such as engineering, media, and banking.
Syed Mokhtar and Zainal started his business in Kedah in the 1990s dealing in rice. More success followed and he moved to rice trading business. He worked even harder after he was awarded the rice trading license from Lembaga Padi Negara, and was later awarded successions of supplier contract government-linked corporations as partner with Zainal Hatim Hj Ambia Bukhary.
...
Wikipedia