Sam Chong

Net Worth

$2.071B

0% (24h)

Malaysian-born Sam Chong, aged 83, is a prominent figure in the Australian mining industry, known for his substantial wealth derived from mining operations. Chong is the co-owner of Jellinbah Group, which operates coal mines in Queensland, Australia. He trained as a mining engineer and moved to Australia in 1972. His career has seen him become a billionaire, ranked among Australia's wealthiest individuals. In November 2024, he bought out Anglo American's one-third stake in Jellinbah Group for A$1.6 billion. Chong also owns hotels and office properties.

The Full Dossier

Early Life

Sam Chong was born in Malaysia and trained as a mining engineer in Taiwan before relocating to Australia in 1972.

Rise to Success

Chong is the co-owner of the Jellinbah Group, which operates coal mines in Queensland, Australia. He moved to Australia to study engineering. The company has generated significant profits, with a $1.92 billion profit and $1.7B in dividends for the 2022 financial year. In November 2024, Chong bought out Anglo American's one-third stake in Jellinbah Group for A$1.6 billion.

Key Business Strategies

Jellinbah Group has capitalized on the demand for Australian coking coal from Chinese steel manufacturers. Chong's strategy has involved owning and operating coal mines, with the company producing millions of tonnes of product annually.

Philanthropy

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Career Timeline

2024

Bought Jellinbah Stake

Inked a deal to buy out Anglo American's one-third stake in Jellinbah for A$1.6 billion.

2012

First Malaysian-born billionaire in Australia

Became Australia's first Malaysian-born billionaire.

1972

Moved to Australia

Relocated to Australia from Taiwan.