The financial daily also reported that Public Bank Bhd founder and chairman Teh Hong Piow added US$47.3 million, pushing his fortune to US$7.16 billion.

According to The Edge, Kuok, known as the Sugar King of Asia, also ranked 87th on the Bloomberg Billionaires Index, which is a daily ranking of the world’s 500 richest people.

The tycoon controls businesses across Malaysia, Singapore and Hong Kong including the world’s largest palm oil refiner, Wilmar International.

He also has stakes in real estate developer Kerry Properties and hotel operator Shangri-La Asia.

Teh, meanwhile, occupied the 362nd spot on the list. He holds a 22.78% stake in Public Bank via Consolidated Teh Holdings Sdn Bhd, his private investment vehicle.

Amazon chief executive officer Jeff Bezos retained top spot with US$185 billion after adding US$3.59 billion, while Tesla Motor’s Elon Musk came in second with US$171 billion.