Quek Leng Chan Net Worth: $9.8B to $7.5B on Forbes' Malaysia Lists, $7.4B Today
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Quek Leng Chan's net worth was $7.4 billion per Forbes' real-time tracker on 31 October 2026, which put him 540th in the world. On Forbes' Malaysia's 50 Richest list the number is a before-and-after inside one series: $9.8 billion in April 2025, when he ranked 2nd, and $7.5 billion in April 2026, when he ranked 5th.
Forbes describes him as executive chairman of the privately held Hong Leong Co. (Malaysia), with interests in finance, food and property, and lists his source of wealth as banking and property. It says he inherited part of his fortune from his father, one of three brothers who started a banking group in the 1920s.
| Publisher | Date | Figure | Note |
|---|---|---|---|
| Forbes, Malaysia's 50 Richest | 17 April 2025 (Malay Mail) | $9.8 billion | 2nd in Malaysia |
| Forbes, World's Billionaires 2026 | 10 March 2026 (Free Malaysia Today) | $7.6 billion | 486th in the world, 2nd among Malaysians |
| Forbes, Malaysia's 50 Richest | 16 April 2026 (Bernama) | $7.5 billion | 5th in Malaysia |
| Forbes, Real-Time Net Worth | 22 October 2026 (Katadata) | $7.4 billion | 2nd in the Katadata top 10 |
| Forbes, Real-Time Net Worth | 31 October 2026 | $7.4 billion | 540th in the world |
Every row is Forbes. The two Malaysia lists compare directly: from $9.8 billion to $7.5 billion is a fall of about 23%. Over the same two lists, Robert Kuok moved the other way, from $11.4 billion to $13.6 billion (see Robert Kuok's profile).
The March world list ($7.6 billion) and the April Malaysia list ($7.5 billion) differ slightly one month apart. In the sources we read, Forbes does not explain the gap, so we print both. We did not find a Bloomberg Billionaires Index figure for Quek that we could read and date, so none appears here. One site we saw gave $7.6 billion at rank 498 for the March list; the Free Malaysia Today report says rank 486, so we use the latter.
The figure barely moved between April and October 2026, but the rank did. The reason is how Forbes groups people. In the April 2026 list, as reported by Bernama, Koon Poh Keong and his siblings were ranked together at $9.7 billion, second, ahead of Quek, and other families were also listed as groups, such as the Teh siblings ($7.7 billion). In the October real-time top 10 reported by Katadata, Koon Poh Keong appears alone at $6.0 billion, which leaves Quek second.
So "he is Malaysia's second richest" and "he is fifth" can both be quoted from Forbes, depending on whether siblings are counted together. Check which list you are looking at before repeating a rank.
Forbes names Hong Leong Co. (Malaysia) as the privately held base. On the profile it also says it understands him to control GuocoLand, the Singapore-listed property developer, and it lists Guoco Group as a related asset without describing his role in it. Forbes reports a GuocoLand-led group made a $513.5 million top bid for a Singapore residential site in March 2026.
Forbes does not publish the size of his stakes, so we print no percentages. Forbes' profile text was last updated on 15 April 2026.
Forbes' profile text does not say what moved the figure from $9.8 billion in April 2025 to $7.5 billion a year later, and we found nothing from Forbes tying the change to a single company event. What can be said is mechanical: the listed part of a fortune is repriced with share prices, while a privately held group has no daily price. We do not interpret the direction further.
Partly. The listed companies Forbes links to him have visible share prices, but Forbes does not break out his holdings in them, and the main holding company is private. A reader can verify the Forbes figure and its date, but not rebuild it independently.
For other Asian fortunes built on a private group, see Robert Kuok and Sukanto Tanoto.
Compare Forbes with Forbes. $9.8 billion to $7.5 billion is a valid comparison because both come from the same Malaysia list a year apart.
A rank is not a fixed fact. Whether Quek is 2nd or 5th depends on whether a list counts siblings as one entry.
Nothing in the public record we reviewed for this article indicates anything other than business holdings openly reported by Forbes.