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Mokhzani Mahathir

Tan Sri Dato' 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 Mahathir

Born (1961-01-02) 2 January 1961 (age 58)
ResidenceKuala Lumpur
NationalityMalaysia
Net worthUS$420 million (2014)[1]
Spouse(s)Mastisa Mohamed
Children99
Parent(s)Mahathir Mohamad
Siti Hasmah Mohamad Ali

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

CareerEdit

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.

In June 2019, Mokhzani resigned from all positions in Opcom Group due to "personal reasons".[7]

Personal lifeEdit

Mokhzani was born on 17 January 1961, in Alor Setar, to Mahathir Mohamad, then a practicing doctor, and Siti Hasmah.

Mokhzani is currently married to Mastisa Mohamed, a businesswoman.[8] Together they have five children, and currently reside in Kuala Lumpur.[9]

Personal fortuneEdit

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.[10] Mokhzani was also the chairman of the Sepang International Circuit.[11]

HonoursEdit

ReferencesEdit

  1. ^ a b "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. ^ "Mokhzani also stepped down from all positions in Opcom group". The Edge Markets. 3 June 2019. Retrieved 30 June 2019.
  8. ^ Puan Sri Mastisa Mohamed
  9. ^ Mokhzani Mahathir on Forbes
  10. ^ "The 40 Richest Malaysians". Forbes.com. Retrieved 8 August 2012.
  11. ^ Mokhzani tastes victory
  12. ^ a b "Semakan Penerima Darjah Kebesaran, Bintang dan Pingat". Prime Minister's Department (Malaysia).

External linksEdit