Vincent Tan

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Vincent Tan
Vincent Tan Chee Yioun.jpg
Native name 陳志遠
Born Vincent Tan Chee Yioun
February 1952
Batu Pahat, Johor, Malaysia
Nationality Malaysian
Occupation Chairman of Berjaya Group
Home town Batu Pahat
Net worth IncreaseUS$1.3 billion (2013)[1]

Tan Sri Dato' Seri Vincent Tan Chee Yioun (born 1952);[2] (Chinese: 陳志遠; pinyin: Chén Zhìyuǎn; Pe̍h-ōe-jī: Tân Chì-uán), known simply as Vincent Tan, is a Malaysian businessperson and investor. He is the Chairman and Chief Executive of Berjaya Corporation Berhad, which is in a wide array of businesses which includes golfing, property, resorts, and gambling in a group known as the Berjaya Group.

In 2010, he entered the Forbes billionaire list with an estimated worth of US$1.3 billion (RM4.2 billion).[3] Tan's success in the Malaysian business sector has been attributed in part to his close association with prominent Malay political figures.[2][4]

Business[edit]

In December 1980,[5] Tan purchased Malaysia's McDonald's franchise and in 1985 he bought Sports Toto when the lottery agency was privatised by the government.[4] Tan obtained the license for his lottery business from an non-tendered privatisation in 1985.[6]

In 2010 Tan bought a controlling share in the Welsh football Premier League side Cardiff City Football Club[7] and in 2013 Bosnian FK Sarajevo.[8] Tan promised to spend £25m to help Cardiff City establish themselves in the Premier League,[9] and publicly stated his interest in listing his 36.1% stake on the Kuala Lumpur Stock Exchange (KLSE). An IPO (Initial Public Offering) would sell shares in Cardiff City to the public for the first time, in an attempt to gain capital to expand the business.[7]

References[edit]

  1. ^ "#9 Vincent Tan - Forbes.com". Forbes. Retrieved 16 January 2013. 
  2. ^ a b Rajeswary Ampalavanar Brown (1996). Chinese business enterprise 4. Taylor & Francis. p. 129. ISBN 0-415-14293-8. Retrieved 22 May 2010. 
  3. ^ "Vincent Tan in Forbes billionaires list". The Star (Malaysia) (Star Publications). 12 March 2010. Retrieved 22 May 2010. 
  4. ^ a b Qinghuang Yan (2008). The Chinese in Southeast Asia and beyond: socioeconomic and political dimensions. World Scientific. pp. 54–55. ISBN 981-279-047-0. 
  5. ^ "陈志远靠卖汉堡包起家 目前身家已超过13亿美元". 中國新聞網. Retrieved 16 January 2013. 
  6. ^ (Studwell, Joe; Asian Godfathers, page 130, Grove Press, 2007)
  7. ^ a b "Vincent Tan linked with Cardiff City share offer in Malaysia". BBC Sport. 24 May 2013. Retrieved 12 October 2013. 
  8. ^ "Cardiff City owner Vincent Tan takes control of club in Bosnia". The Guardian. 25 December 2013. 
  9. ^ Cardiff City owner Vincent Tan pledges £25m for new players - BBC News, 16 April 2013