This article tells the inspiring story of Lee Thiam Wah, the founder of 99 Speedmart, Malaysia's largest mini-mart chain, who has become one of the country's wealthiest individuals. It delves into his humble beginnings, his challenges overcoming polio and financial hardship, and his entrepreneurial journey from selling snacks to building a retail empire worth billions.
Lee Thiam Wah, the founder of 99 Speedmart , has ascended to become one of Malaysia's wealthiest individuals, ranking among the nation's top 10 richest individuals. According to the 2024 Nanyang Rich List, Lee's net worth stands at an impressive RM17.6 billion, securing him the 7th position. This remarkable feat is largely attributed to the success of 99 Speedmart 's initial public offering ( IPO ) last year, which significantly boosted Lee's wealth.
He holds an 83% stake in the company, making him the dominant shareholder. His net worth now places him in the same echelon as prominent Malaysian tycoons such as Tan Sri Dr Jeffrey Cheah, founder and chairman of Sunway Group, and Tan Sri Lim Kok Thay, the head of Genting Bhd.Lee's journey to success is a testament to his indomitable spirit and entrepreneurial acumen. He overcame a challenging childhood marked by polio, which affected his leg movement from infancy. Despite limited educational opportunities due to financial constraints, Lee was determined to complete his secondary education. To achieve this goal, he embarked on the path of entrepreneurship, selling snacks by the roadside to support his aspirations. At the tender age of 23, he leveraged the savings accumulated from his snack-selling ventures to open his first sundry shop, Pasar Raya Hiap Hoe, in Klang. This marked the beginning of his extraordinary entrepreneurial journey that would eventually lead to the establishment of 99 Speedmart, a retail empire that has revolutionized the convenience store landscape in Malaysia. His story is an inspiration to aspiring entrepreneurs, demonstrating that with unwavering determination, resilience, and a clear vision, even those who face adversity can achieve extraordinary success. Lee Thiam Wah's rise to prominence serves as a powerful reminder that the pursuit of dreams knows no bounds
Entrepreneurship Finance LEE THIAM WAH 99 SPEEDMART MALAYSIA RICHEST INDIVIDUALS IPO ENTREPRENEURSHIP POLIO INSPIRING STORY SUCCESS
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