A Fifth Billionaire Emerges From Malaysia’s Glove-Making Industry. But the Boom May Fade
- Riverstone’s chairman is worth $1.2 billion after stock surge
- Skepticism is rising over the jump in glovemaker shares
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Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property and banking empires that stretch back decades.
That was until Covid-19, when the country’s low-key rubber industry -- or more precisely, glove making -- became one of the hottest on the planet.