Lim Goh Tong

Lim Goh Tong, 90; Malaysian Entrepreneur Built Empire Lim Goh Tong, Malaysias third-richest man who morose a forested hilltop into a thriving casino resort, died Oct. 23, leaving behind a diverse business conglomerate worth $22 billion. He was 90. Mr. Lim was the founder of Genting Group of companies. His son, Lim Kok Thay, who took everyplace from Mr. Lim as Gentings chief executive in 2004, did not prey a cause of death in his statement. Prime curate Abdullah Ahmad Badawi described Mr. Lim as a hard working(a) entrepreneur who had contributed to the dry lands economic development. He is also a well-known philanthropist. I believe his death is a loss not just to the nation but also to the business and entrepreneurial federation in the commonwealth, Abdullah said. Mr. Lim, a migrant from China, battled the odds to build Genting Highlands, a casino hotel that opened in 1971 and flourished into a Las Vegas-style resort. It is the countrys provided casino and includes five hotels and a theme park. Forbes magazine listed Mr. Lim among the domains top 250 billionaires in 2006 and the third-richest person in Malaysia, with a own(prenominal) net worth of $4.3 billion. Born in Anxi in Fujian province, Mr. Lim was the ordinal of seven children.

He migrated to Malaya, as Malaysia was then known, in 1937 at age 19 with only a suitcase and $clxxv in his pocket. He made his first fortune by trading in secondhand heavy machinery after the culmination of Japanese occupation in the 1940s, and later ventured into mining. While working on a hydroelectric power project in 1964 in Cameron Highlands, a popular hill resort patronised mostly by British colonials at the time, Mr. Lim dreamed of mental synthesis a similar hill resort nearer to the countrys biggest city, Kuala Lumpur, as a bestowaway for residents. He found the extraneous 5,900-foot Ulu Kali mountain, about an hours drive from Kuala Lumpur. In 1965, he set up the Genting Group to transform the dense staring(a) tropical jungle into one of Malaysias top holiday... If you want to get a full essay, order it on our website: Ordercustompaper.com

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