Lee Shin Cheng at a Glance
- Category:
- Richest Business › CEOs
- Net Worth:
- $5.3 Billion
- Birthdate:
- Jun 3, 1939 - Jun 1, 2019 (79 years old)
- Gender:
- Male
- Profession:
- Businessperson
- Nationality:
- Malaysia
What is Lee Shin Cheng's Net Worth?
Lee Shin Cheng wass a Malaysian Chinese business magnate who had a net worth of $5.3 billion. Lee Shin Cheng died on June 1, 2019. Lee Shin Cheng is heavily involved in the plantation industry. Shin Cheng heads IOI Corporation Berhad (better known as IOI Group), as its executive chairman.
Even though IOI is often refereed as palm oil and real estate development giant, Lee saw his fortune decrease as his shares of the group fell, due to weaker palm oil prices. But this didn't stop him from making more investments. Just last year he invested in China real estate buying land in Xiamen for $190 million, while he bought out his Taiwanese partner in an ongoing 7.7 acre residential and commercial project in the same area.
