KUALA LUMPUR: Business mogul and prominent philanthropist Tan Sri Yeoh Tiong Lay passed away today. He was 88.
The founder of YTL Corporation Bhd is survived by his wife Puan Sri Tan Kai Yong and seven children including Tan Sri Francis Yeoh who now helms the diverse conglomerate.
“We are deeply saddened by the loss of the head of our family… but comforted that he has gone home to our Lord Jesus Christ.
“We are four generations that have had the privilege of enjoying his presence for 88 years and he will be truly missed,” his family said in a statement today.
Family and friends may pay their last respects from 7pm onwards tomorrow at 2 Lorong Buloh Perindu 1, Damansara Heights, Kuala Lumpur.
Wake services will be held on Thursday, Friday and Saturday at 8.30pm while the funeral service will be on Sunday at 10am.
With a net worth of US$2.1 billion (RM8.8 billion), Yeoh was ranked seventh in the latest edition of Forbes’ Malaysia ’50 richest’ list back in March.
He founded YTL in 1955 as a construction company but had since flourished into Malaysia’s largest conglomerate with interest in technology, hotels, utilities, construction and property management.