COVID-19 TURNS MALAYSIA'S GLOVE MAKERS INTO BILLIONAIRES
Industry Leaders|September 2020
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COVID-19 TURNS MALAYSIA'S GLOVE MAKERS INTO BILLIONAIRES
Owner of Riverstone Holdings is now a billionaire with his share prices going up, keeping up with the increasing demand in protective gloves across the world.

The Covid-19 virus has turned the world upside down with most manufacturers and industries reporting losses and bankruptcies. But there are some that have benefitted in the times of crisis. Most are associated with healthcare and similar ancillary industries.

One of the beneficiaries is Malaysia’s rubber industry. With the demand for disposable and rubber gloves going up in the world, a glove maker in Malaysia, the co-founder of the Riverstone Holdings Ltd., has become the fifth-richest billionaire in the country. Wong Teek Son, started the company in the 1980s. He was a research scientist before getting into the rubber business.

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September 2020