Tuesday October 23, 2007
Genting founder dies
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Lim Goh Tong dies at 90 PETALING JAYA: Tan Sri Lim Goh Tong, founder and honorary life president of Genting Group, passed away at 11.20am Tuesday at the Subang Jaya Medical Centre.
The tycoon, who turned 90 in April this year, was renowned for his vision in transforming Genting Highlands from an unexplored hilltop to one of the world's most successful casino resorts.
The fifth child in a family of seven children, Lim migrated from China's Fujian province in 1937 at the age of 19 with only a small suitcase and US$175.
The idea of a hill resort was chanced upon by Lim amidst the crisp air of Cameron Highlands in 1964. Lim was then working on a hydro-electric power project at the popular hill resort, patronised mostly by British colonials seeking cool refuge from the tropical heat, when he foresaw a prosperous Malaysia of the future desiring a cool mountain holiday resort within the reach of all Malaysians.
To date, Genting Highlands Resort has five hotels and two apartment blocks at the hilltop and Awana Genting Highlands Golf and Country Resort.
The company, founded in 1965, has since expanded and diversified from its initial hotel and resort activities to plantations, properties, paper manufacturing, power generation, oil and gas, electronic commerce and information technology development under Genting Group.
According to Forbes Asia, the Genting Group founder was third richest in the country with a net worth of US$4.3bil (RM14.6bil).
Lim is survived by wife Puan Sri Lee Kim Hua, and their six children and 19 grandchildren.
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