LIM KOK THAY • Net Worth $3 billion • House • Yacht • Private Jet • Genting

Name:Lim Kok Thay
Net Worth:$3 billion
Source of Wealth:Genting Group
Born:August 16, 1951
Age:
Country:Malaysia
Wife:Cecilia Lim
Children:3 children (Keong Hui Lim, 2 others)
Residence:Kuala Lumpur, Malaysia
Private Jet:Boeing 777 BBJ (P4-XTL), Gulfstream G650 (T7-LKT)
YachtTranquility


The Remarkable Journey of Lim Kok Thay

Lim Kok Thay, a Malaysian billionaire born in August 1951, is a household name in the world of business and hospitality. As the Chairman and principal shareholder of the Genting Group, he has established a global conglomerate with interests in a variety of sectors, from entertainment and gaming to plantations and biotechnology. He shares his life with his wife, Puan Sri Cecilia Lim, and their three children, including their son, Keong Hui Lim.

Key Takeaways:

  • Lim Kok Thay is the chairman and main shareholder of the Genting Group, a globally recognized conglomerate with diverse business interests.
  • He has a significant presence in the cruise industry, owning Star Cruises and Crystal Cruises under Genting Hong Kong.
  • His net worth is estimated at $2.7 billion, a testament to his successful business ventures.
  • Lim Kok Thay owns a Boeing 777 private jet and a Gulfstream G650, symbols of his luxury lifestyle.
  • He was owner of the Tranquility yacht, now sold to Gabe Newell.

Genting Group: A Diverse Portfolio

Under Lim Kok Thay’s stewardship, the Genting Group has expanded its footprint across several industries. One of the Group’s most notable subsidiaries is Genting Hong Kong, which operates Star Cruises, one of the largest cruise operators worldwide. The group’s endeavors in the luxury cruise segment also include Crystal Cruises, the operator of Crystal Yacht Expedition Cruises, known for vessels such as Crystal Esprit and the under-construction Crystal Endeavor. With such an extensive cruise portfolio, one can’t help but wonder if the Chrystal Equanimity might be their next venture.

Lim Kok Thay’s Net Worth

Lim Kok Thay’s impressive business empire directly contributes to his immense wealth. With a net worth estimated at $2.7 billion, his assets extend beyond the Genting Group and include Star Cruises and Crystal Cruises, further solidifying his position in the global cruise industry.

Private Jet Collection

Lim Kok Thay’s extravagant lifestyle is reflected in his private jet collection. He is the proud owner of a Boeing 777 private jet, bearing the registration P4-XTL, associated with Crystal Aircruises, another venture of the Genting Group. Furthermore, he also owns a state-of-the-art Gulfstream G650, with registration T7-LKT, wherein ‘LKT’ are his initials, adding a personal touch to this airborne luxury.

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Lim Kok Thay

Lim Kok Thay


Where does Lim Kok Thay live?

We do know he lives in Kuala Lumpur, Malaysia. But we have not been able to identify the residence of mr Lim Kok Thay. Do you have more information? Please do send us a message.

Kuala Lumpur is the capital and largest city of Malaysia, located in the southwestern part of the country. The city has a population of around 1.8 million people, with a greater metropolitan area population of over 7 million. Kuala Lumpur is a vibrant and modern city that is known for its skyscrapers, modern architecture, shopping malls, and vibrant street food culture. Some of the most popular tourist attractions in Kuala Lumpur include the Petronas Twin Towers, the Batu Caves, the KL Tower, the Merdeka Square, and the National Museum. The city is also a major hub for business, commerce, and finance in Southeast Asia.

Yacht Tranquility


He is the owner of the yacht Tranquility.

The yacht Tranquility was built as Equanimity by Oceanco and was delivered to her owner in June 2014. The yacht has a length of 91.5 meters.

She is built of steel with an aluminum superstructure. The yacht is listed for sale, asking EUR 150 million.

She is available for charter.

Jho Taek Low

Jho Taek Low


Jho Taek Low house

Jho Low house

Who is Jho Low?

Malaysian born billionaire Low is the previous owner of the yacht Tranquility. He named her Equanimity. His ownership of the yacht was confirmed in a US Court case.

He is the co-founder and Chief Executive Officer of Jynwel Capital Limited. It is an international investment and advisory firm based in Hong Kong.

Through Jynwel Capital the family owns a share in EMI Music Publishing. And in Myla Lingerie and the Park Lane Hotel in New York.  

Low is the grandson of Chinese-born mining and liquor entrepreneur Meng Tak. Tak built his fortune in Thailand in the 1960s and 1970s. Through iron-ore mining and liquor distilleries. He invested his profits in real estate.

Low Family’s holding Company

Low’s father Tan Sri Larry Low Hock Peng is known as Larry Low. He continued to invest the family’s fortune in real estate and in stock markets.

The family’s investment holding company Strategic Resources Global Limited holds stakes in Coastal Energy and FrenckenGroup.

Larry Low was conferred Commander of the Order of Loyalty to the Crown of Malaysia. It was done by the King if Malaysia, which carries the title “Tan Sri”.

Philanthropy

The Low family is an active philanthropist through their Jynwel Charitable Foundation.  In 2013 Low donated US$50 million to the MD Anderson Cancer Center in Houston.

Jho Low Net Worth

His net worth was estimated at US$ 1 billion.

Criminal Charges

The US authorities filed a criminal case again Mr Jho Taek Low. Claiming that he transferred US$ 1 billion in funds from the Malaysian authorities to a private account.

The Complaint alleges that 1MDB formed a joint venture with a Saudi oil extraction company call PetroSaudi International. And that 1MDB initiated multiple funds transfers to the joint venture in relation to energy investments in Turkmenistan and Argentina.

1MDB is a strategic investment and development company wholly-owned by the government of Malaysia.

The Complaint alleges that the funds for this investment were improperly diverted to a bank account in Switzerland. The accounts were held in the name of Good Star Limited.

This company was beneficially owned not by PetroSaudi or the joint venture, but by LOW Taek Jho. This is now known as the 1MDB scandal.

Read the full text below.

What Did Jho Low Buy?

The department of justice complaint alleges that Low used the US$ 1 billion for his private benefit. Some of the items he purchased:

  The yacht Equanimity for US$ 250 million.

 A Bombardier Global 5000 private jet (registration N689WM) for US$ 35 million.

He bought several pieces of art:

 a Vincent van Gogh painting for US$ 5 million.

 two paintings by Monet. Saint-Georges Majeur for US$ 35 million and Nympheas for US$ 58 million

 two paintings by Pablo Picasso. Tete de femme” US$ 40 million and Nature Morte au Crane de Taureau for US$ 3 million. He gifted this painting to Leonardo Dicaprio for his birthday.

Also, he bought real estate:

 A penthouse in the Walker Tower in New York for US$ 50 million.

 The Laurel Mansion in Beverly Hills for  US$ 31 million.

 The Qentas Townhouse in London for US$ 40 million.

 A penthouse in Stratton Street, London for US$ 60 million.

He also bought a US$ 27 million 22-carat diamond pink necklace. And he chartered the 147-meter yacht Topaz for one week for US$ 3.5 million.

Low often partied with celebs such as Paris Hilton, her sister Nicky Hilton, Miranda Kerr, and Lindsay Lohan.

Civil Forfeiture

In June 2017 the United States was starting civil forfeiture of all these assets. In February 2018 the yacht was seized by the Indonesian government on behalf of Malaysia and the USA. The Malaysian Prime Minister Najib Razak admitted Low was wanted by the Government.

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