BillionaireNet
Cheah
Jeffrey Cheah
Rank #880
MALAYSIAReal EstateProperty, healthcare

Jeffrey Cheah

Net Worth
$4.585B
+0.55% (24h)
Tan Sri Sir Dr. Jeffrey Cheah, the Executive Chairman of Sunway Group, is a Malaysian entrepreneur whose career spans over five decades. His source of wealth is primarily property and healthcare. He is celebrated for transforming a small tin-mining company into a leading conglomerate with interests in 12 industries. Cheah is also the founder of Sunway University and the Jeffrey Cheah Foundation, showcasing a lifelong commitment to education and philanthropy. His achievements include developing Sunway City Kuala Lumpur, a model of urban sustainability, and being recognized as a Forbes Asia Hero of Philanthropy five times, demonstrating his lasting impact on Malaysia and beyond.

The Full Dossier

Early Life and Education

Jeffrey Cheah Fook Ling was born in Pusing, Perak, Malaysia, in the mid-1940s. He pursued a business degree at Victoria University (Footscray Institute of Technology) in Melbourne, Australia. After graduating, he returned to Malaysia and began his career as an accountant in a motor assembly plant.

Rise to Success

In 1974, Cheah founded a small tin-mining company, marking the beginning of his entrepreneurial journey. Through strategic vision and hard work, he transformed this company into Sunway Group, one of Malaysia's largest conglomerates. The group has diversified interests in property, healthcare, education, and infrastructure. Sunway's development of Sunway City Kuala Lumpur, a fully integrated green township, is a testament to his innovative spirit.

Key Business Strategies

Cheah's business strategies focused on sustainable development and community building. He integrated the 17 United Nations Sustainable Development Goals into Sunway Group's business strategy. Sunway's expansion into healthcare and fintech, including the acquisition of a stake in Credit Bureau Malaysia, demonstrates his adaptability and forward-thinking approach.

Philanthropy

Cheah is a dedicated philanthropist, and his Jeffrey Cheah Foundation has awarded over RM967 million in scholarships and grants to date. The foundation aims to award over RM1 billion in scholarships. He established the Jeffrey Sachs Center on Sustainable Development at Sunway University and contributed to public schools, showing a commitment to education and societal well-being.

Career Timeline

2025

Fifth Time Forbes Asia Philanthropy Honoree

Named in the Forbes Asia Heroes of Philanthropy list for the fifth time.

2024

Record-High Revenue for Sunway Group

Sunway Group reported a record-high revenue of RM7.88 billion in FY2024.

2023

Honorary Knight Commander of the Order of the British Empire

Awarded an Honorary Knight Commander of the Order of the British Empire (KBE) for services to higher education, the National Health Service, and philanthropy.

2019

Forbes Asia Hero of Philanthropy

Named as a Forbes Asia Hero of Philanthropy.

2008

Honorary Officer of the Order of Australia

Made an Honorary Officer of the Order of Australia (AO) for his contributions to Australia-Malaysia relations.

2004

Sunway College granted university college status

Sunway College was granted university college status and became Sunway University.

1996

Commander of the Order of Loyalty to the Crown of Malaysia

Awarded Commander of the Order of Loyalty to the Crown of Malaysia, which entitled him to the title Tan Sri.

1996

Knight Grand Commander of the Order of the Crown of Perak

Made a Knight Grand Commander of the Order of the Crown of Perak, which entitled him to the title Dato' Seri.

1987

Established Sunway College

Established Sunway College, a private tertiary educational institute in Bandar Sunway.

1974

Founded Tin-Mining Company

Founded his own tin-mining company with a small startup capital, which was the genesis of Sunway Group.

Philanthropic Impact

Education$20M

Jeffrey Cheah Foundation

The Jeffrey Cheah Foundation has distributed over RM967 million in scholarships and grants to tens of thousands of students.

Education$121M

Education Endowment

Pledged to establish one of Malaysia's largest education endowments at Sunway University.

Education & Sustainability$10M

Sunway University

Endowed to the United Nations to establish the Jeffrey Sachs Center on Sustainable Development at Sunway University.

Wealth Trajectory