Cover image via Karex Bhd.
Forbes Asia just released the Forbes' Malaysia's 50 Richest list, and five newcomers have joined the exclusive club. One of them is Goh Siang, who is in the condom manufacturing business.
Meet the 'Condom King'.
Goh Siang who is the senior executive director of Karex Bhd., the world's largest condom manufacturer, made it to the list at No. 48 with a total net worth of USD205 mil (RM864.5 mil).
**Karex manufactures condoms for customers such as Ansell Limited (Lifestyle), Reckitt Benkiser PLC (Durex), Line One Laboratories Inc (Trustex), Global Protection Corp (One), among others.**
Karex's clients also include institutional buyers such as United Nation Population Fund (UNFPA), United State Agency for International Development (USAID), Population Service International (PSI), and Marie Stopes International (MSI).
While the richest Malaysians are experiencing a decline in their net worth, four other millionaires got into the Forbes list together with Goh Siang
From left to right; Wong Teek Son, Patrick Grove, Datuk Freddy Lim Nyuk Sang and Tan Sri Kong Hon Kong.
Image via SAYS
It was a difficult year for many businesses but rubber industries are thriving because of the plunge in rubber prices. It was reported that this has lowered the cost of production.
Top Glove Group founder, Tan Sri Dr. Lim Wee Chai saw his fortune jumped by 58 percent and ranked at No. 22 this year's list.
**Meanwhile, Nan Yang Siang Pau also [reported](http://malaysiagazette.com/en/chinese-newspaper/gloves-condom-tycoons-rise-against-odds) that four tycoons, including the three who were listed in Forbes' Malaysia's 50 Richest list (Kuan Kam Hon, Tan Sri Dr. Lim Wee Chai and Goh Siang), who are doing business in the field related to the production of rubber gloves and condoms are flourishing.**
View the full list of the Forbes' Malaysia's 50 Richest [here](http://www.forbes.com/malaysia-billionaires/).
Image via Goh Seng Choong/Bloomberg News
