3/30/2022

Lim Goh Tong Biography

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Lim Goh Tong is a deceased Malaysian-Chinese businessman and billionaire who is famous for his extraordinarily risky and successful development of gambling in Malaysia. He may not have much in the way of name recognition in the United States, but he played a pivotal role in developing gaming in Asia. It’s hard to overstate how much of an influence Lim Goh Tong had in Malaysia. Tan Sri Lim Kok Thay (林国泰; born 16 August 1951) is a Malaysian Chinese billionaire businessman. He is the chairman of Genting Group, a casinos, resorts and palm oil conglomerate with a market capitalization of almost US$40 billion, and the second son of fellow billionaire Lim Goh Tong, the company's founder. Lim Goh Tong was born in China in 198. His father died when he was only 16, so he had to become the breadwinner at a relatively early age. In 1937, amidst the revolution in China, he decided to relocate to Malaysia (then Malaya) at the encouragement of his cousin.

Lim Goh Tong Biography Li

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Lim Goh Tong Biography Kim

Mr Tan Sri Lim Goh TongHistoryTan Sri Lim Goh Tong (February 28, 1918 – October 23, 2007) was well-known for wealth as Malaysian Chinese businessman. He was recognized for his vision and courage in converting Genting Highlands from an unfamiliar hilltop to one of the world's most successful casino resorts.He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes.And to his admirers, he was more than just a developer, personifying the clutch of overseas Chinese business entrepreneurs who fled hardship in their homeland to build the corporate empires that played a major role in South-east Asia's economic…show more content…
After getting approvals from the federal and state governments, Tan Sri Lim began the project in the face of an enormous task. Among the problems were building the access road towards the hilltop, water and electricity supplies, sewerage system and fire safety. Tan Sri Lim managed to build the access road towards the peak in three years when it was estimated in fifteen years. Several sources of water in the mountain were found, water supply was secured by building water-collection stations and water filtration plants with treated water stored in reservoirs. Electricity is supplied through a central electricity generation system with 12 big generators.During the construction, Tan Sri Lim survived six close encounters with death. Meanwhile, Tan Sri Lim had to manage another major project in Kelantan, the Kemubu Irrigation Scheme at the same time. This prolonged the development as he has to travel between Kuala Lumpur and Kelantan and he worked seven days a week.During the Genting project, Tan Sri Lim spent all his money without earning any income. He sold an 810-hectare rubber estate to raise RM2.5 million. In addition, he invested all the money he had made from iron mining, sub-contracting and hardware business. The project was a heavy withdraw on Tan Sri