Chen Lip Keong
Phnom Penh, Cambodia
Medical Doctor, University of Malaya
Malaysia
casinos, property, energy, Self Made
$5,500,000,000
355
#6 Malaysia's 50 Richest 2019
#355 Billionaires 2019
Chen Lip Keong's NagaWorld holds a casino license in Cambodian capital Phnom Penh running to 2065, with a guaranteed monopoly to 2035.NagaWorld is the largest casino resort in Indochina. Naga2 opened across the street in November 2017, connected by underground mall NagaCity Walk.NagaCorp is the first casino company listed on the Hong Kong stock exchange and the first doing business principally in Cambodia. Frustrated by the interest rates banks demanded to finance Naga2, Chen put up his own $369 million and took payment in company shares.NagaCorp is also developing a casino resort in Vladivostok in Russia's far east.
He graduated as a medical doctor but opted for a career in business. Chen also controls Karambunai, a Malaysia-listed property developer and hospitality company with an eponymous resort in Sabah, Malaysia's portion of Borneo.
72
3
Add a review