Tan SriSyed Mokhtar Shah bin Syed Nor Al-Bukhary was born in 1952 in Alor Setar, Kedah, Malaysia, and is a businessman, best known to the world as the founder of the Albukhary Foundation, and as the majority owner of the Malaysian Mining Corporation, among other companies, which is the leader in several industries, including transportation, property development, defense and armaments, and power generation, among others.
Have you ever wondered how rich Syed Mokhtar Al-Bukhary is, as of mid-2016? According to authoritative sources, it has been estimated that Syed Mokhtar Al-Bukhary`s net worth is as high as $3 billion, which has been acquired through his successful career as a businessman.
Syed Mokhtar Al-Bukhary Net Worth $3 Billion
Syed comes from a middle class family, and is one of the seven children; his parents are of Hadhrami Arab ancestry. Most of his childhood, Syed spent living with an uncle in Johore Bahru, however, he returned to his hometown, and went to Saint Michael’s School. After he matriculated, he was pushed into the working world, as his father couldn`t provide enough for the whole family. Little by little, Syed started to develop his own business, growing and selling vegetables, and helping his father in cattle breeding; he subsequently took over his father`s business, and began actually selling meat.
However, after that business went down because of an epidemic of foot and mouth disease, he partnered with Zainal Hatim Hj Ambia Bukhary, starting the rice trading company. His company began to grow and so did his net worth, when Lembaga Padi Negara gave him a rice trading license.
As his ambitions became even bigger, Syed expanded his business to several other industries, including construction and property development, power generation, plantation, engineering and infrastructure. He owns several companies, Syarikat seaport terminal (Johore) sdn bhd, SKS Ventures, Syarikat Ratu Jernih, and many other companies. He also holds majority stake of Malaysian Mining Corporation, as well as a one-third share of PERNAS. Furthermore, he is the owner of the Corak Kukuh Sdn. Bhd, which only increased further his net worth. Syed is also a board member of Syarikat Bina Puri Holdings Berhad, and has small interest in numerous companies as well in Malaysia and abroad.
Thanks to his successful career and contribution to the Malaysian economy, he has received several prestigious awards, and recognition; he was bestowed the title Panglima Setia Mahkota (P.S.M), by his Majesty Seri Paduka Baginda Yang di-Pertuan Agong. Furthermore, in 2008 he was named as the “Tokoh Ma’al Hijrah” by The Yang Di Pertuan Agong of Malaysia.
However, during his career, Syed has been accused operating at the behest of UMNO, which is a leading political party of Malaysia, and that these connections with the party have only helped him build his empire, perhaps illegally. Regardless, Syed remains one of the richest people in Malaysia, actually ranked the 9th richest person in the country.
When it comes to speak about his personal life, Syed Mokhtar Al-Bukhary is married to Puan Sri Sharifah Zarah Al-Bukhary, with whom he has five children.
