Shahril bin Shamsuddin
$860 million — Shahril bin Shamsuddin, President and CEO of SapuraKencana, has a net worth of 860 million dollars, and is ranked as Forbes’ #21 richest man in Malaysia. Shamsuddin has been voted as Marcopolis’ number 6 most powerful business man in Malaysia.
Shahril bin Shamsuddin, President and CEO of SapuraKencana, has a net worth of 860 million dollars, and is ranked as Forbes’ #21 richest man in Malaysia. Shamsuddin is also a Non-Independent Executive Director and a member of the Board Remuneration Committee.
Shamsuddin holds a Bachelors of Science inIndustrial Techinology from California Polytechnic and a Masters of Science in Management of Technology from Massachusetts Institute of Technology (MIT Sloan). Furthermore, in 2013, Universiti Teknologi-Malaysia awarded Shamsuddin with an Honorary Doctorate in Technology Management.
In the early 90’s, Shamsuddin took over the reins of the business from his father. He looked towards his father as a mentor and as someone who prepared him for bigger responsibilities. While his younger brother runs the Sapura Group’s aviation, auto parts, and property business, Shahril runs SapuraKencana.
SapuraKencana is the largest operator of rigs in the world, and provides its services to gas and oil magnates, such as Exxon Mobil, Shell, and BP.
The company is a complete upstream player and one of the world’s prominent oil and gas services and solutions provider. Their full-fledged capabilities cover exploration, development, production, rejuvenation, and decommissioning.
Shamsuddin has guided SapuraKencana into a variety of new business ventures and projects in Malaysia, Australia, Brazil, China, Africa, and many other countries. His success has been recognized in the business world, and has been presented many awards.
Shamsuddin won the Malaysia Ernst & Young Entrepreneur of the Year award, was awarded the Panglima Jasa Negara (PJN) from the Federal Government of Malaysia, the Seri Paduka Tuanku Ja’afar (SPTJ), from Negri Sembilan Malaysia, the Legion d’Honneur from the Republic of France, and many more. Shahril bin Shamsuddin has proven he is a force to be reckoned with in the business world.