2020-03-01_Forbes_Asia

2

FORBES ASIA MARCH 2020

CONTENTS

MALAYSIA’S 50 RICHEST

40 | Slow Motion

The richest take a hit amid political

uncertainty and virus fears.

By Naazneen Karmali

COVER STORY

32 | Building Icons

Peter and Martin Lee discuss their first year as joint chairmen of Henderson Land,

their father’s legacy and their future plans for the diversified property giant.

By Robert Olsen

INSIDE

March 2020 Volume 16 • Number 2

COVER PHOTOGRAPH BY JOCELYN TAM FOR FORBES ASIA

THE PROFILE

48 | Lease is More

Billionaire Andre Koo took Taiwan’s

Chailease, an also-ran in his family’s

financial empire, and built it into

a regional leasing powerhouse.

By Pamela Ambler

FEATURES

56 | Private Equity’s

New Billionaire Machine

As calls for taxes on the superrich grow

louder, Wall Street’s smartest dealmakers

have quietly discovered a new way to

unlock value and circumvent taxes. It’s

minting buyout billionaires by the dozen.

By Nathan Vardi & Antoine Gara