Lee Shin Cheng Net Worth

Lee Shin Cheng was born in Jeram, Malaysia in 1939. He is the founder of IOI Corp., a world leader in oleochemicals and one of the largest palm-oil-plantation companies in Malaysia. His two sons, Yeow Chor and Yeow Seng, are the chief executive and head of the group's property arm, respectively. His other children, all daughters, also work for his companies. Lee had a difficult childhood, leaving school at 11 to support his family by selling ice cream on a bicycle. He eventually returned to school and went on to build a successful business empire.
Lee Shin Cheng is a member of Manufacturing

Age, Biography and Wiki

Birth Day June 03, 1939
Birth Place Jeram, Malaysia, Malaysia
Birth Sign Cancer
Citizenship Malaysia
Traditional Chinese 李深靜
Simplified Chinese 李深静
TranscriptionsStandard MandarinHanyu Pinyin Transcriptions Standard Mandarin Hanyu Pinyin Li Shēnjìng Li Shēnjìng
Hanyu Pinyin Li Shēnjìng

💰 Net worth: $5.4 Billion (2024)

Lee Shin Cheng, renowned as a prominent figure in the manufacturing industry in Malaysia, is expected to have a substantial net worth of $5.4 billion in the year 2024. Throughout his career, Cheng has made significant contributions to the Malaysian manufacturing sector, earning him recognition and immense wealth. As the founder and chairman of IOI Corporation Berhad, a leading global integrated palm oil player, Cheng's business ventures have flourished, bolstering his net worth. His entrepreneurial skills, strategic decisions, and dedication to excellence have solidified his position as one of Malaysia's most successful businessmen. With his continued success, Lee Shin Cheng's net worth is set to soar, underlining his influence and impact on the manufacturing landscape.

2009 $2.7 Billion
2010 $4.4 Billion
2011 $5 Billion
2012 $5.2 Billion
2013 $4.5 Billion
2014 $4.3 Billion
2015 $4.6 Billion
2016 $4.6 Billion
2017 $4.7 Billion
2018 $5.55 Billion

Some Lee Shin Cheng images



Since 1998, Lee has provided scholarships and educational grants to outstanding young students via Yayasan Tan Sri Dato’ Lee Shin Cheng.


Lee was bestowed FIABCI Malaysia Property Man of the Year 2001 award. In February 2002, he was conferred an honorary doctorate degree in agriculture by Universiti Putra Malaysia in recognition of his contributions to the palm oil industry.


Twenty years later, Lee bought Dunlop Estate. In 2008, he recalled the happiest day of his life in an interview with the New Straits Times, saying, "My happiest day was in 1989 when I bought Dunlop Estate from Multi-Purpose Holdings Bhd. This was because during the late 1960s, I had applied for a job at Dunlop Estate but they did not employ me because I was not adequately qualified. If they had employed me, I would probably not have owned the entire asset of Dunlop Estate today. This purchase marked a significant milestone in my life".


Lee is Malaysia's 3rd richest and the world's 234th richest person. Forbes in 2009, put his net worth at US$3.2 billion.


Lee grew up northeast of Kuala Lumpur on a rubber plantation, where his Father ran a small Chinese food shop. He left school at the age of 11 to help support his family, selling ice cream on a bicycle for four years before returning to finish high school. He sought work with one oil palm plantation company for a supervisory job, but was turned down. The reason given—he didn't speak fluent English—important then because Europeans still owned most of the plantations. Lee, who was then only 22, was undeterred by Dunlop Estate's rejection. He went on to get a field supervisor's job with at another palm oil company.