Just when the world has been hit by one of the deadliest pandemics in history, it’s been a good year for glove companies and their founders.
Well, Malaysia, the world's largest rubber glove producer with a market share of about 65% of the world’s supply, therefore producing at least 4 billionaires whose fortunes were made in the industry.
Understand the 'Kings' here:
#1: Tan Sri Dr Lim Wee Chai of Top Glove Corporation Bhd
- started the company with his wife in 1991
- the world’s largest manufacturer of gloves
- captured 26% of the world market share for rubber gloves
- exports to over 2,000 customers in 195 countries worldwide
- listed on Bursa Malaysia (2001) and mainboard of the Singapore Exchange (2016)
- Lim, whose parents are rubber plantation owners and traders, also holds a 10% stake in property developer Tropicana and sits on its board.
- estimated net worth $4.4B
#2: Kuan Kam Hon & family of Hartalega Holdings Bhd
- a high school drop-out who began his career in building and construction in 1969
- started Hartalega in 1988
- the world's largest and fastest maker of nitrile gloves
- listed on Bursa Malaysia in 2008
- estimated net worth $7.3B (together with his brother Kuan Kam Peng)
#3: Datuk Seri Stanley Thai Kim Sim of Supermax Corp Bhd
- started the company with his wife in 1987
- Malaysia's largest Own Brand Manufacturer
- world's second-largest producer of rubber gloves
- currently exports to over 160 countries
- listed on Bursa Malaysia in 2000
#4: Tan Sri Dato' Lim Kuang Sia of Kossan Rubber Industries Bhd
- established in 1979
- one of the world's largest manufacturers of latex disposable gloves
- listed on Bursa Malaysia in 1996
- has been profitable with zero loss-making record since inception
* Net worth estimation was based on Forbes data as of 12 July 2020
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