The collective wealth of tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion (RM376.2 billion) from US$80.5 billion (RM371.1 billion) last year despite a dip in the stock market, according to Forbes Asia.

“After rising 8.7 percent in 2022 on the back of a rebound in domestic consumer spending, Malaysia’s economy is expected to grow at a more moderate pace this year...