' Vincent Tan Suffers a $400 million Drop in Wealth '
Thu Feb 26, 2015 9:57 pm
FORBES
Vincent Tan suffered a $400 million drop in wealth over the past year as property and other Berjaya Corp. investments fell. He listed his retail chain 7-Eleven Malaysia last May, but shares have fallen.
Tan also listed e-payments provider MOL Global on Nasdaq in October but shares plummeted after a sharp drop in earnings, the resignation of its chief financial officer, and an error in its consolidated statements.
He initiated a share-buyback program and says he's confident of MOL's future. His biggest holding is a 23.4% stake in local telecom U Mobile.
Tan started working as a bank clerk when he was 17 and went on to set up Berjaya in 1984.
Vincent Tan
Net Worth
$1.2 Billion
Age 63
Source Of Wealth diversified, Self Made
Residence Kuala Lumpur, Malaysia
Citizenship Malaysia
Marital Status Married
Children 11
Vincent Tan suffered a $400 million drop in wealth over the past year as property and other Berjaya Corp. investments fell. He listed his retail chain 7-Eleven Malaysia last May, but shares have fallen.
Tan also listed e-payments provider MOL Global on Nasdaq in October but shares plummeted after a sharp drop in earnings, the resignation of its chief financial officer, and an error in its consolidated statements.
He initiated a share-buyback program and says he's confident of MOL's future. His biggest holding is a 23.4% stake in local telecom U Mobile.
Tan started working as a bank clerk when he was 17 and went on to set up Berjaya in 1984.
Vincent Tan
Net Worth
$1.2 Billion
Age 63
Source Of Wealth diversified, Self Made
Residence Kuala Lumpur, Malaysia
Citizenship Malaysia
Marital Status Married
Children 11
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Thu Feb 26, 2015 10:00 pm
Forever Blue wrote:FORBES
Vincent Tan suffered a $400 million drop in wealth over the past year as property and other Berjaya Corp. investments fell. He listed his retail chain 7-Eleven Malaysia last May, but shares have fallen.
Tan also listed e-payments provider MOL Global on Nasdaq in October but shares plummeted after a sharp drop in earnings, the resignation of its chief financial officer, and an error in its consolidated statements.
He initiated a share-buyback program and says he's confident of MOL's future. His biggest holding is a 23.4% stake in local telecom U Mobile.
Tan started working as a bank clerk when he was 17 and went on to set up Berjaya in 1984.
does that include the $290m aprox lost with us??
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Thu Feb 26, 2015 11:31 pm
Looks like he`s down to his last $1b lol 
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Fri Feb 27, 2015 12:59 am
Annis, with 11 kids he could start his own football team!!
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Fri Feb 27, 2015 6:02 am
I thought you was going to say he had split from the wife and the malaysian CSA had him 
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Fri Feb 27, 2015 8:14 am
Woodville Willie wrote:Annis, with 11 kids he could start his own football team!!
John, as long as its not at Cardiff City
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Fri Feb 27, 2015 2:58 pm
Forever Blue wrote:Woodville Willie wrote:Annis, with 11 kids he could start his own football team!!
John, as long as its not at Cardiff City
Tanchester City?
AsTan Villa?
SouthampTan?
Lol.
I've got it: AcringTan STanley.
Re: ' Vincent Tan Suffers a $400 million Drop in Wealth '
Fri Feb 27, 2015 5:35 pm
A bit worrying?