Billionaire Profile
Jeffrey Cheah
Global Rank
#1039

Image: Public domain | via Wikimedia Commons

Jeffrey Cheah

CEO, Sunway Berhad
MY
Real-Time Net Worth
$2.4B
As of December 2025
Age
80
Source
Property, healthcare
Industry
real-estate
Citizenship
MY

Biography

Tan Sri Sir Dr. Jeffrey Cheah, a Malaysian entrepreneur and philanthropist, is the founder and chairman of Sunway Group, a major conglomerate with interests in property, healthcare, education, and infrastructure. His estimated net worth is $2.4 billion as of December 2024. Cheah, 80, has built Sunway Group from a small tin-mining company into a diversified business. He is also known for his significant philanthropy, particularly in education through the Jeffrey Cheah Foundation. The Foundation has awarded over RM967 million (approximately $228.5 million) in scholarships and grants to date.

Wealth Over Time

In-Depth Profile

Early Life

Jeffrey Cheah Fook Ling was born in Pusing, Perak, Malaysia, in 1945 or 1946. He pursued a business degree at Victoria University (now Footscray Institute of Technology) in Melbourne, Australia.

Rise to Success

Cheah began his career as an accountant. In 1974, he founded a tin-mining company with a start-up capital of RM100,000. He transformed Sunway Group into a leading conglomerate with diverse interests in various sectors, including property development, construction, healthcare, education, hospitality, and retail. The Sunway Group's revenue for the financial year ended December 31, 2024, reached a record-high of $1.76 billion. The market capitalization of Sunway as of November 2025 is $8.27 billion.

Key Business Strategies

Sunway Group follows a unique Build-Own-Operate business model. The Group's commitment to sustainability is reflected in its integration of the United Nations Sustainable Development Goals (SDGs) into its business strategy.

Philanthropy

Cheah founded the Jeffrey Cheah Foundation, which has awarded over RM967 million (approximately $228.5 million) in scholarships and grants to date, with a goal to award over RM1 billion worth of scholarships. In 2020, the Foundation committed USD 10 million to advance the sustainability agenda in Malaysia and Asia.

Career Milestones

1974

Founded Sunway Group

Founded a tin-mining company, the foundation of the Sunway Group.

1987

Established Sunway College

Established Sunway College, a private tertiary educational institute.

2007

Established the Jeffrey Cheah Foundation

Established the Jeffrey Cheah Foundation to support educational initiatives.

2023

Awarded Honorary Knight Commander of the Order of the British Empire (KBE)

Received the honor for services to higher education, the National Health Service, and philanthropy.

Philanthropy & Social Impact

Education

Jeffrey Cheah Foundation Scholarships and Grants

$228.5M

Awarded scholarships and grants to deserving students.

Sustainability

Jeffrey Sachs Center on Sustainable Development

$20M

Endowed USD20 million to establish the Jeffrey Sachs Center on Sustainable Development at Sunway University.

Business Philosophy & Leadership

Notable Quotes

"My personal motto is: I aspire to inspire before I expire.” - Tan Sri Dr Jeffrey Cheah -"

Leadership Principles

Commitment to Education

Belief that education is the key to lifting people out of poverty.

Sustainable Development

Integration of the United Nations Sustainable Development Goals (SDGs) into business strategies.