What is Taib Mahmud’s Net Worth? – Born on May 21, 1936, Taib Mahmud was a prominent Malaysian statesman renowned for his extensive tenure in politics.
He held the esteemed position of the seventh Yang di-Pertua Negeri of Sarawak from March 2014 to January 2024, as well as serving as the fourth Chief Minister of Sarawak from March 1981 to February 2014.
Widely hailed as the Father of Modern Sarawak (Bapa Pemodenan Sarawak), his leadership spanned an impressive 33 years, making him the longest-serving head of government in a Malaysian state. Additionally, his parliamentary career extended over 38 years, establishing him as one of Malaysia’s most enduring parliamentarians.
What is Taib Mahmud’s Net Worth?
At the time of his passing, Taib Mahmud’s estimated net worth stood at approximately $20 million. This figure encompassed various assets, including properties, investments, and business holdings amassed over his decades-long career in politics and business. Taib Mahmud’s financial portfolio reflected his significant influence and involvement in both the public and private sectors, spanning real estate, infrastructure development, and natural resource extraction industries.
Additionally, his family’s business ventures and strategic investments contributed to the accumulation of wealth attributed to him. Despite controversies surrounding allegations of corruption and undue enrichment during his tenure, Taib Mahmud’s financial legacy remains a subject of scrutiny and interest in Malaysian and international circles alike.
A member of the Parti Pesaka Bumiputera Bersatu (PBB) within the Barisan Nasional (BN) coalition, Taib Mahmud belonged to the Melanau ethnic group. He earned several affectionate monikers throughout his career, such as “Pak Uban” (White-haired Uncle) and “Pek Moh” (white hair) among Chinese communities. Furthermore, he was sometimes referred to as the “last white rajah” or “white-haired rajah,” drawing parallels to Sarawak’s colonial history under the Brooke family.
Assuming the role of Chief Minister of Sarawak at the age of 45, Taib Mahmud’s leadership legacy endured for decades. Despite his significant contributions to Sarawak’s development, Taib and his family faced allegations of corruption and exploitation of the state’s natural and economic resources.
In a historic transition, on February 12, 2014, Taib Mahmud tendered his resignation as Chief Minister, marking the conclusion of his 33-year tenure. His former brother-in-law, Adenan Satem, succeeded him in this role from March 1, 2014. Concurrently, Taib received formal recognition as the 7th Sarawak Head of State from the Yang di-Pertuan Agong at Istana Negara on February 28, subsequently taking the oath of office the following day. This transition marked him as the second Sarawakian to hold the position of Governor, following in the footsteps of his uncle, Abdul Rahman Ya’kub.
Source: thpttranhungdao.edu.vn/en/
Categories: News
Source: thpttranhungdao.edu.vn/en/
