BillionaireNet
Upatkoon
Surin Upatkoon
Rank #2600
THAILANDTelecomTelecom, lotteries, insurance

Surin Upatkoon

Net Worth
$1.374B
0% (24h)
Surin Upatkoon, a Thai national, is a prominent billionaire whose wealth stems from a diversified portfolio, primarily in the telecom, lotteries, and insurance sectors. Born in Thailand, he moved to Malaysia for education and has been a resident there for decades. Upatkoon's career began in the textile industry before transitioning to other ventures. His net worth is estimated at $1.37 billion as of December 16, 2025. Upatkoon's strategic investments and leadership have solidified his position among Malaysia's wealthiest individuals. He is involved in multiple companies, including Magnum Berhad and U Mobile Sdn Bhd.

The Full Dossier

Early Life

Surin Upatkoon, a Thai national, was born in Thailand and later relocated to Penang, Malaysia, for his education in the 1960s. He attended Han Chiang High School. After completing his education, he began his professional journey in Malaysia, where he would later build his fortune.

Rise to Success

Upatkoon's career started in 1971 at MWE Weaving Mills Sdn. Bhd. as a manager. He rose through the ranks, becoming the Managing Director of MWE Spinning Mills Sdn. Bhd. in 1974. He also served as the Managing Director of MWE Weaving Mills Sdn. Bhd. and a Director of MWE Holdings Berhad. A significant portion of his wealth comes from the sale of his 10% stake in the Thai telecom company InTouch in 2013. He has also been involved in the gaming and financial services sectors.

Key Business Strategies

Upatkoon's business acumen is evident in his strategic investments and leadership roles. He owns stakes in listed gaming company Magnum and textile firm MWE. He served as Executive Director and Managing Director of Magnum Berhad, playing a key role in formulating business strategies and the company's direction. His involvement in various sectors such as telecommunications, lotteries, and insurance demonstrates his diversified approach to wealth creation.

Philanthropy

Surin Upatkoon is involved in philanthropic activities. He is a Trustee of the Chang Ming Thien Foundation and Magnum Foundation.

Career Timeline

2022

Non-Independent Non-Executive Chairman of MPHB Capital

Redesignated as chairman of the company.

2016

Non-Independent Non-Executive Director of MPHB Capital

Appointed as a director.

2013

Non-Executive Chairman of Magnum

Relinquished executive position and was re-designated as Non-Executive Chairman of Magnum.

2013

Sold a 10% stake in InTouch

Sold a stake in the Thai telecom company InTouch.

2002

Managing Director of Magnum Berhad

Played a major role in formulating the business strategies and direction of the Magnum Group.

2000

Executive Director of Magnum Berhad

Appointed to the board of Magnum Berhad.

1979

Managing Director of MWE Weaving Mills Sdn Bhd

Played a key role in the expansion and development of the MWE Group of Companies.

1974

Managing Director of MWE Spinning Mills Sdn. Bhd.

Oversaw the daily operations of the company.

1971

Manager at MWE Weaving Mills Sdn. Bhd.

Began his career in the textile industry.

Philanthropic Impact

Education and Community SupportUndisclosed

Chang Ming Thien Foundation

Trustee of the foundation.

Community SupportUndisclosed

Magnum Foundation

Trustee of the foundation.

Wealth Trajectory