Mokhzani Mahathir

Yang Berbahagia Tan Sri
Mokhzani Mahathir
Born (1961-01-02) 2 January 1961
Nationality Malaysia
Net worth US$420 million (2014)[1]
Spouse(s) Mastisa Mohamed
Children 5
Parent(s) Mahathir Mohamad
Siti Hasmah Mohamad Ali

Tan Sri Mokhzani bin Mahathir (born 2 January 1961) is a Malaysian businessman who has been listed as the 14th richest person in Malaysia. He worked as a petroleum engineer before founding oil-equipment fabricator Kencana Petroleum. Kencana Petroleum later merged with SapuraCrest to form SapuraKencana Petroleum. The company is now known as Sapura Energy.[1]

Mokhzani was formerly a senior official in UMNO Youth, but has since retired from politics. He is the eldest son of the current Prime Minister of Malaysia Tun Dr. Mahathir Mohamad.

Career

Like his younger brother Mukhriz, Mokhzani is a businessman and had played an active role in United Malays National Organisation (UMNO), and at one time serving as the Youth's Wing treasurer.[2][3] As of 2006, Mokhzani was an UMNO delegate of one of the constituencies in Kedah,[4] but has since lain dormant in his political activities. In May 2008, he followed his father's footsteps to quit UMNO,[5] after 22 years as a member of the Sungai Layar Hujung branch of UMNO.[6]

In 2012 Mokhzani Mahathir merged his Kencana Petroleum with SapuraCrest, run by childhood friend Shahril Shamsuddin. He stepped down from an executive role in January 2014 to concentrate on his other investments. The following month he trimmed his stake in SapuraKencana, the country's largest oil-and-gas services provider, to just over 10%, selling $248 million worth of shares. He sits on the board of not only SapuraKencana but also telecom giant Maxis and fiber-optics cable company Opcom Holdings. He's a cornerstone investor in IHH Healthcare and Astro Malaysia Holdings. But he focuses on the sector he knows best, oil and gas, where he cut his teeth as a petroleum engineer out of college. In July 2013, when news of his investment in another oil-services company, Yinson Holdings, surfaced, its stock went on a tear. He is also the chairman of the Sepang Circuit, which hosts the Formula 1 World Championship in Malaysia.

Personal life

Mokhzani was born on 2 January 1961, in Alor Setar, to Mahathir Mohamad, then a practicing doctor, and Siti Hasmah.

Mokhzani is currently married to Mastisa Mohamed, a businesswoman.[7] Together they have five children, and currently reside in Kuala Lumpur.[8]

Personal fortune

Mokhzani has been listed as the 14th richest person in Malaysia by Forbes Asia with an estimated net worth of US$685 million in 2012.[9] Mokhzani is also the chairman of the Sepang International Circuit.[10]

Honour

Honour of Malaysia

References

  1. 1 2 "Profile Mokhzani Mahathir". Forbes.
  2. ↑ Can Mahathir Run Malaysia Minus His "Alter Ego"?
  3. ↑ Mahathir's Son Leaves Corporate World
  4. ↑ Mahathir loses bid Archived 15 March 2008 at the Wayback Machine.
  5. ↑ Mokhzani quits Umno (Update 2) Archived 23 May 2008 at the Wayback Machine.
  6. ↑ Mokhzani ends 22-year ties with Umno Archived 24 May 2008 at the Wayback Machine.
  7. ↑ Puan Sri Mastisa Mohamed
  8. ↑ Mokhzani Mahathir on Forbes
  9. ↑ "The 40 Richest Malaysians". Forbes.com. Retrieved 8 August 2012.
  10. ↑ Mokhzani tastes victory
  11. ↑ "Semakan Penerima Darjah Kebesaran, Bintang dan Pingat".
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