Malaysia's IT young millionaire 2011

They are young. They are innovative. The corporate and nine to five jobs yes boss working atmosphere is not the only option for young people to success in their life.


So many companies are formed within 2011. An increment of 20% from the previous year, is a fact that many young people are into business in this digital and open era.

So who they are?

Ganesh Kumar Bangah, 31, co-founder of MOL and group CEO of Friendster
HIS success story is almost legendary in Malaysia's field of information, communications and technology. He built MOL Access-Portal Berhad (MOL) from scratch to become one of the biggest online payment service providers in Asia with an annual revenue of RM320 million, over 500,000 physical payment channels across 75 countries, handling over five million transactions a month.

He was certified by the Malaysia Book of Records as the youngest chief executive of a public-listed company in Malaysia when he listed MOL on the Mesdaq market of Bursa Malaysia at 23. He won the JCI 2009 Creative Young Entrepreneur Award, the Pikom Technopreneur Excellence Award at the ICT Leadership Awards 2009, and is acknowledged by Society Magazine as one of the 100 people you must know in Asia.

Late last year, he again made headlines when he led MOL to take over social networking site Friendster.
"I've always wanted to be the Bill Gates of Malaysia. I saw him on television when I was a cybercafé operator in my teens in Johor. I told my boss then that I wanted to be the Bill Gates of Malaysia," he says with a laugh.

Excerpt from here

Patrick Groove, 35 founder of Catcha and iProperty

Patrick is the man behind Catcha and iProperty. Catcha is the most visited website in Malaysia back in late 90s.For those who have been on the internet since the late 1999, you will have used the dot com he founded with 3 other friends call Catcha.com. The dot com bubble show Catcha the way out of IT business. It forced Patrick to rethink and innovate their business model and went into Media and Publishing.  With Magazine ranging from clubbing culture (Juice Magazine) to golf and lifestyle, Catcha is now one of the leading publishing house in Malaysia.

As for their return to the internet ventures, their Iproperty.com which is currently operating in around South East Asia is listed in the Australian Stock Exchange.


Excerpt from here 


Timothy Teah, 26, co founder Nuffnang


Everyone and their pet chicken has a blog. But Nuffnang made it actually profitable. Or potentially profitable at least. At 24, the young and ambitious Timothy Tiah founded Nuffnang with Cheo Ming Shen, aiming to bring both bloggers and advertisers to the negotiating table. With more than 150,000 registered bloggers in 2010, Nuffnang has become one of Asia's brightest stars in entrepreneurship.

Excerpt from here

More to come

Nizam Razak (Animonsta),

Malaysia's 20 richest man 2011

 Actually we can not say Malaysia's richest man anymore since the entry of Puan Sri Lee Kim Hua :)

The wealth of the country's top 40 individuals was assessed based on the value of their stakes in listed companies.


KUALA LUMPUR: Business Times CEO of the Year 2010 Datuk Seri Stanley Thai has made it into the list of Malaysia's 40 richest individuals, a Malaysian Business survey reveals.
The magazine, in its Feb 16 issue, listed Thai, of Supermax Corporation Bhd, as a newcomer to the group, together with Tan Sri Leong Hoy Kum of Mah Sing Group Bhd and Datuk Tan Heng Chew of Tan Chong Holdings Bhd.

The magazine said the combined wealth of Malaysia's 40 richest tycoons has risen by more than 30 per cent, spurred by the bullish stock market and an expanding economy.

They were worth RM206.27 billion as at Jan 21, compared with RM156.7 billion a year ago.
It says there are more billionaires this year -- 27 of them, an increase of five from last year.

Robert Kuok, who returned to the sugar business last year, still tops the list at RM50.04 billion and telecommunications tycoon T. Ananda Krishnan remains in second place with RM45.78 billion.

Public Bank's Tan Sri Teh Hong Piow moved to the third place with a fortune estimated at RM12.77 billion while fourth is IOI Corporation Bhd's Tan Sri Lee Shin Cheng who is worth RM12.74 billion.

Genting Group's Tan Sri Lim Kok Thay, unchanged at No. 5, has RM10.89 billion while Hong Leong Group's Tan Sri Quek Leng Chan takes the sixth spot with RM10.75 billion, up from RM7.09 billion previously.

In seventh place is Tan Sri Syed Mokhtar Albukhary of the Albukhary Foundation, whose flagship is the DRB-Hicom Group. He is valued at RM8.84 billion.

Malaysia´s 40 richest people

These are the Malaysia´s 40 richest people. Only few Malays are in the list.