#578

Lee Thiam Wah

Malaysia 62 years old Self-Made

Overview

Source of Wealth
Retailing
Residence
Petaling Jaya
Marital Status
Married
Children
2

Assets

  • 99 Speed Mart Retail
    6,972,500,000 shares @ -
    -
    5326-MY
  • Alliance Bank Malaysia
    77,077,000 shares @ -
    -
    2488-MY
  • Radiant Globaltech
    82,822,000 shares @ -
    -
    0202-MY

Biography

Lee Thiam Wah is the founder and CEO of 99 Speed Mart Retail Holdings, Malaysia's largest operator of mini-marts by number of stores.

The company went public on Bursa Malaysia in 2024, raising $532 million.

Lee opened his first shop in 1987 in the port city of Klang, before selling it and establishing the Pasar Mini 99 chain in 1992.

In 2000, he consolidated his growing network of stores under the 99 Speedmart brand, which has since expanded to over 3,000 outlets.

His son Lee Yan Zhong is an alternate director to him; his wife Ng Lee Tieng also sits on the board.