A Fifth Billionaire Emerges From Malaysia’s Glove-Making Industry. But the Boom May Fade – Yahoo Finance
(Bloomberg) — Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property and banking empires that stretch back decades.
That was until Covid-19, when the countrys low-key rubber industry — or more precisely, glove making — became one of the hottest on the planet.
Wong Teek Son, who co-founded Riverstone Holdings Ltd. in the 1980s after working as a research chemist, last month became the fifth billionaire in…