Mumbai
₹ 14,660 /gm (0.31%)
Tan Sri Datuk Tiong Hiew King, the Malaysian Chinese magnate behind the Rimbunan Hijau Group, established in 1975, stands out in the global timber industry with significant operations in Papua New Guinea and Russia. As of March 2018, Forbes listed his net worth at approximately US$1.1 billion, ranking him the 1,999th wealthiest globally. Tiong, who resides in Sibu, Sarawak, on Borneo island, experienced a health setback with a stroke in April 2017. His family is notably the second-largest private landowner in New Zealand. Beyond timber, Tiong's influence extends to the media sector through ownership of major Chinese dailies in Malaysia, including Sin Chew Daily and Guang Ming Daily, and international publications. In 2018, he shifted to a non-executive role in Media Chinese International Limited, the umbrella for his extensive media assets. Politically, the Tiongs are aligned with Sarawak's ruling coalition through the Sarawak United People's Party. The family's practices, particularly in the timber domain, have stirred controversies, including environmental concerns leading to calls for revoking Tiong's honorary knighthood awarded in 2009.
March 18, 1935 in Sibu, Kingdom of Sarawak (now Sarawak, Malaysia)
Timber, Media
Diversified
Malaysia
Sibu
Xiamen University
Tan Sri Datuk Tiong Hiew King, the Malaysian Chinese founder and chairman of the Rimbunan Hijau Group, was born in Sibu, Sarawak, Borneo island, part of Malaysia. Information about his early years and childhood is not publicly available.
Tiong Hiew King & family: Family
Tiong Hiew King comes from a prominent family. His family is the second-largest private landowner in New Zealand. His younger brother, Tiong Thai King, was the Member of Parliament for the Lanang Parliamentary Constituency in Sibu from 1995 to 2013.
Tiong Hiew King & family: Career Highlights
Tiong Hiew King founded the Rimbunan Hijau Group in 1975, which has become a major player in the timber industry. The company's overseas timber operations in Papua New Guinea are the largest in that country, and it also has interests in logging operations in Russia.
Tiong Hiew King & family: Companies
Tiong Hiew King's business interests extend beyond the timber industry. He has significant influence in the media sector through his ownership of several major Chinese national dailies in Malaysia, including Sin Chew Daily and Guang Ming Daily. He also operates The National Daily in Papua New Guinea and Ming Pao Holdings Ltd in Hong Kong.
In an effort to create a global Chinese publishing group, Tiong Hiew King merged Ming Pao Enterprise Corporation Limited, Sin Chew Media Corporation Berhad, and Nanyang Press Holdings Berhad to form Media Chinese International Limited (MCIL), which serves as the holding company for all of his media assets.
Tiong Hiew King & family: Major Achievements
Tiong Hiew King's business acumen and entrepreneurial spirit have led to significant achievements. He has built a multi-billion dollar business empire and has become one of the wealthiest individuals in the world, with a net worth estimated at around US$1.1 billion as of March 2018. His contributions to the timber and media industries have made him a prominent figure in both sectors.
Tiong Hiew King & family: Awards & Achievements
Tiong Hiew King's contributions have been recognized through various awards and honors.
He was conferred the Commander of the Order of Loyalty to the Crown of Malaysia (PSM) in 1999, which carries the title "Tan Sri." He also received the Commander of the Order of the Star of Hornbill Sarawak (PGBK) in 1990, which carries the title "Datuk." Additionally, he was awarded an honorary knighthood of the Order of the British Empire (KBE) in 2009.
Tiong Hiew King & family: Personal Life & Legacy
Tiong Hiew King resides in Sibu, Sarawak, Borneo island, part of Malaysia. He suffered a stroke and was hospitalized in April 2017. Information about his personal life and legacy is not widely available.
Tiong Hiew King & family: Trivia
Tiong Hiew King's honorary knighthood of the Order of the British Empire (KBE) became a subject of controversy due to environmental groups calling for his title to be stripped. The groups alleged that his company's logging operations have contributed to the destruction of tropical forests.
Tan Sri Datuk Tiong Hiew King founded the Rimbunan Hijau Group, a timber company.
Tiong Hiew King was awarded the Commander of the Order of the Star of Hornbill Sarawak (PGBK) – Datuk.
Tiong Hiew King's younger brother, Tiong Thai King, became the Member of Parliament for the Lanang Parliamentary Constituency in Sibu.
Tiong Hiew King was awarded the Commander of the Order of Loyalty to the Crown of Malaysia (PSM) – Tan Sri.
Tiong Hiew King was awarded an honorary knighthood of the Order of the British Empire (KBE).
Tiong Thai King stepped down as the Member of Parliament for the Lanang Parliamentary Constituency in Sibu.
Tiong Hiew King suffered a stroke and was hospitalized.
Tiong Hiew King stepped down as executive chairman of Media Chinese International Limited (MCIL).
What is Tiong Hiew King's net worth?
What are Tiong Hiew King's main sources of wealth?
In which industry does Tiong Hiew King primarily operate?
What is Tiong Hiew King educational background?
How many children does Tiong Hiew King have?
Who is Tan Sri Datuk Tiong Hiew King and what is he known for?
What media assets does the Rimbunan Hijau Group operate under Tan Sri Datuk Tiong Hiew King's leadership?
What is Tan Sri Datuk Tiong Hiew King's involvement in politics?
What controversy surrounds Tan Sri Datuk Tiong Hiew King's honorary knighthood?