• Genting Founder Lim Goh Tong
• Genting Owner Lim Goh Tong

Genting was established in 1965 when its Founder, the late Tan Sri Lim Goh Tong, set out to realize his vision of a mountaintop resort in Malaysia. Since that time, the company has earned an enviable reputation as a premier developer and operator of destination resorts in North America, Malaysia, Singapore, the United Kingdom and the Bahamas. The Malaysian tycoon Tan Sri Lim Kok Thay has pledged nearly all his stakes in embattled cruise operator Genting Hong Kong Ltd. As the collateral for loans, it triggering a 38% drop in the company’s shares raising the risk of a margin call and denting investing confidence in Lim’s wider business empire. Genting Group CEO Tan Sri Lim Kok Thay pocketed almost $60 million in 2018. For his work at leading Genting Bhd, Lim received approximately $40.49 million. Under his second hat, as the CEO of.

Lim Kok Thay net worth is
$4.5 Billion

Lim Kok Thay Wiki Biography

Tan Sri Dato’Lim Kok Thay was born in 1959 in Malaysia, of Chinese ancestry, but other details are unknown in the media. He is an entrepreneur and businessman, best known to the world as the owner of the Genting Berhad, which is a part of the conglomerate Genting Group, which owns companies in several industries, including power generation, leisure & hospitality, property development, biotechnology and many other. Have you ever wondered how rich Lim Kok Thay is, as of mid-2017? According to authoritative sources, it has been estimated that Lim`s net worth is as high as $4.5 billion, which has been earned through his successful career in the business industry.

Lim Kok Thay Net Worth $4.5 Billion

Lim Kok Thay is the second son of the Tan Sri Lim Goh Tong who is the founder of the Genting Group, and his wife Lee Kim Fa. When it comes to his education, Lim graduated with a Bachelor of Science degree in Civil Engineering from London University, and then attended the Harvard Business School in the USA in 1979 taking an advanced management programme. His professional career began as early as 1976, when he became the director of the Genting Berhad; under his management, the company prospered greatly, expanding its business to several other countries, including Singapore and Hong Kong, including taking it to the world`s stock markets. He became the CEO of the company in 2003, and expanded its business to the UK, and the following year won the bid to build a resort in Singapore`s Sentosa Island, called “Resorts World Sentosa”. The result was finally opened in 2010, and since then has been operating with considerable success, increasing Lim`s net worth to a large degree. Lim has also been responsible for developing the leisure brands such as “Maxims”, “Awana”, “Resorts World”, and “Crockfords”. Additionally, Lim has partnered with such companies as Hard Rock Hotel, Universal Studios, and Synthetic Genomics, among many others, which has also increased his net worth.

These projects built on the success Lim had in 1990, opening the Foxwoods Resort Casino in Connecticut, in association with the Native American tribe, Mashantucket Pequots, which became the largest casino resort in the USA, and which also added a substantial amount to his net worth. To speak further of his accomplishments, he has clearly become one of the best businessmen when it comes to casinos, owning numerous hotels, and resorts; his Resorts World Genting was named as the World’s Leading Casino Resort in the years 2005, 2007, 2008, 2009 and 2010. Furthermore, his resort won Asia’s Leading Casino Resort title from 2005 until 2010 consecutively.

Nowadays, under his management the Genting Group has resort locations in three Asian countries, Singapore, Philippines, as well as Malaysia, the visitors to which help to increase Lim`s net worth to a large degree. Thanks to his accomplishments, Lim has received several prestigious awards, and recognitions; he received the national award title of “Tan Sri” from his Majesty Yang di-Pertuan Agong. Furthermore, he is listed as the sixth richest person in Malaysia by Forbes magazine, and was named the “Travel Entrepreneur of the Year” by Travel Trade Gazette Asia, among many other recognitions.

When it comes to his personal life, little is known about Lim Kok Thay in the media, other than the fact that he is married to Puan Sri Cecilia Lim, with whom he has three children.

A 91.5-metre superyacht has been bought by Orient Peace, the Cayman Islands-registered unit of Genting Group.

Genting Founder Lim Goh Tong

The superyacht, formerly named Equanimity, is actually a trophy in one of the world’s biggest financial heists at which previous owner—Low Taek Jho, or Jho Low—was at the centre. Equanimity was seized in February 2018 in Bali, during a global hunt initiated by the US Department of Justice to seize assets bought with funds from the scandal.

Low had bought the superyacht for US$250 million (HK$1.9 billion) in 2014, which was then sold to Genting Group for less than half the price in April this year. The group has since renamed the vessel ‘Tranquility’.

Genting, a multibilliondollar Malaysia-based empire, is helmed by Lim Kok Thay whose son and Tatler cover star, Loui Lim, is executive vice-president of new ship designs for Genting Cruise Lines (which includes Star Cruises, Dream Cruises and the ultra-luxury Crystal Cruises) and vice-president of leisure and hospitality for Genting Malaysia’s land-based resorts.

Genting Owner Lim Goh Tong

See also: Making Waves: How Genting Group's Loui Lim Is Rocking The Boat

The superyacht boasts some incredibly impressive features, including stunning interiors designed by Andrew Winch Designs in the UK, a firm that’s renowned for designing private jets, superyachts and mansions for the world’s elite.

Tranquility, built to entertain, is designed to accommodate up to 22 guests overnight in 11 cabins, comprising a master suite, four VIP staterooms, two double cabins and two twin cabins.

It also features a “beach club” with folding platforms that drop town to the water, a circular jacuzzi with a clear bottom is on the upper deck which is visible from the deck below, and a one-of-a-kind grand piano in the main saloon, decorated in bamboo, marble, gold leaf and wenge wood, which comes from an endangered tree species. And to stay swimsuit-ready at all times, there is also an on-board gym, sauna and massage room.

Maintenance cost on the yacht is estimated at US$483,000 (HK$3.7 million) per month, which somewhat explains the cool weekly charter price tag of US$1.25 Million (HK$9.7 million). It is currently docked in Le Vieux Port at Cannes on the French Riviera. Time to start planning your next private cruise, perhaps?

See also: 10 Best Luxury Villas In Bali