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Tiong Hiew King Net Worth

Tiong Hiew King Net Worth

Net Worth: $1.06 Billion

  • Source of Wealth Timber
  • Birth Place Sibu, Malaysia
  • Marital Status Married
  • Full Name Hiew-king Tiong
  • Nationality Malaysia-China
  • Date of Birth 1935
  • Ethnicity Malaysian-Chinese
  • Occupation Businessman
  • Children 4
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About Tiong Hiew King

Malaysian businessman Tiong Hiew King has an estimated net worth of $1.06 billion as of April 2016. He is known to be the current chairman of Rimbunan Hijau Group. Rimbunan Hijau Group is a timber company which he co-founded in 1975. Through his group, Tiong Hiew King operates Malaysia’s Guang Ming Daily and Sin Chew Jit Poh, Papua New Guinea’s The National Daily, and Hong Kong’s Ming Pao Holdings Ltd.

In addition to Rimbunan Hijau Group, Tiong Hiew King also holds interests in Malaysia’s logging industry. He is also involved in the Oregon Group which holds interests in New Zealand’s forestry and property development as well as in designing and making plastic containers for kitchens. Currently, he owns 30 magazines and seven Chinese-language newspapers. In the past year, his shares in Chinese Media International rose by approximately 40% due to increase in revenues and low newsprint costs.