Tan Sri Datuk Sir Hiew-king Tiong was born in 1935 in Sibu, then Kingdom of Sarawak, a part of Borneo island and now Malaysia, of Chinese ancestry. He is an entrepreneur and businessman, best known to the world as the founder of the Rimbunan Hijau Group, which is a timber company, and it also owns interests in several logging companies based in Russia.
Have you ever wondered how rich Tion Hiew King is, as of mid-2016? According to authoritative sources, it has been estimated that Tion Hiew King`s net worth is as high as $1 billion, which has been accumulated through his successful career as a businessman, owning several companies in different industries.
Tion Hiew King Net Worth $1 Billion
Little is known about Tion Hiew King`s childhood and education, apart from the fact that he attended the Xiamen University.
His career began in the 1970s, when he founded the Rimbunan Hijau Group, which started as a logging company, but over the years, its area of influence expanded, and now, it owns numerous companies as its subsidiaries, which has only increased Tion Hiew King`s net worth.
It owns companies such as Shimmer International, Malaysian Newsprint Industries, and several other companies in industries such as forestry, media, information and communication technologies, hospitality and leisure, trading and retail services, mining, insurance services, and many others.
During his career, Tiong managed to expand his company outside Malaysia, starting and buying companies in Indonesia, Papua New Guinea, Equatorial Guinea, Vanuatu, Russia and Gabon, among others. He is the co-owner of Sharpstone Investments, and has been Chairman of Ming Pao Enterprise Corporation since 1995.
Tiong Hiew King is the owner of the largest newspaper in Malaysia Sin Chew Jit Poh, which he resurrected in the mid-80s following a crackdown on ‘dissidents’ by then Prime Minister Mahathir Mohammed, so that it is now a leader in circulation in Malaysia and the Chinese community in particular. He is also the owner of Guang Ming Daily, which is another of the daily newspapers published in a Chinese language in Malaysia. Furthermore, he is also the owner of the Ming Pao Holdings Ltd. which publishes daily newspapers in Hong Kong, but which are also available in Toronto, San Francisco, and New York, apart from other USA cities.
Additionally, Tiong has been the Chairman of RH PetroGas since 2008, and is a member of several other boards.
Tiong Hiew King is also recognized for his political career, supporting the leading party of Sarawak United People’s Party, which position has done him no harm over the years. However, he also made it known that profits from his media interests have been channelled into philanthropic causes, which helped improve his public image
Regarding his personal life, he is married, and has four children, however, the name of his wife isn`t available to the public.
He has a younger brother, Tiong Thai King, who is a politician, and was a part of the Parliamentary Constituency in Sibu from 1995 to 2013.
|Net Worth||$1 Billion|
|Date Of Birth||1935|
|Place Of Birth||Sibu, Malaysia|
|Children||Tiong Ing, Tiong Ching, Tiong Chiong Hoo, Tiong Chiong Ong, Tiong Chiew, Tiong Choon|
|Siblings||Tiong Thai King|