Malaysian gambling king Lin Wutong died of illness, and the Prime Minister called it a national loss (Figure)

　　　　Lin Wutong, Malaysian gambling king and founder of Genting Group

　　　　Lin Wutong, the king of Malaysian gambling, died at the age of 90

　　　　At 11: 20 am local time on October 23. His gambling table, stop turning.

　　　　Lin Wutong, the Malaysian gambling king and the founder of Genting Group, who is famous for his self-made, died at the Subangyue Specialized Medical Center in Seju at the age of 90.

　　　　Lin Wutong’s impression on most people is inseparable from Genting, which he founded. Genting obtained the first casino license in Malaysia during the tenure of the first Malaysian Prime Minister Rahman, and it is still the only casino license in Malaysia.

　　　　What is even more talked about is that Lin Wutong was born in mediocrity, but he kept fighting diligently.

　　　　Lin Wutong, with a net worth of $4.3 billion, was the founder of Genting Group and its affiliated scenic spots world, and became the chairman of Genting until he retired in 2003, when his second son, Tan Sri Lin Guotai, took over his business kingdom. Lin is also one of the four biggest gambling kings in Asia.

　　　　Go to Malaysia

　　　　Lin Wutong was born in Anxi, Fujian Province in 1918. His father died at the age of 16. As the oldest man in the family, he was forced to drop out of school and take on the heavy responsibility of supporting a family of seven. Because his father was a cook before his death, Lin Wutong started selling vegetables. After two years of hard work, he paid off the debts his father owed before his death.

　　　　Because of bandits in his hometown, Lin Wutong gave up his business and worked as a carpenter for two years. After the situation became more severe, he decided to go to Kuala Lumpur alone to make a living, having two uncles in Nanyang. He was 19 years old at that time. That year, the Japanese invaded China.

　　　　In his autobiography "My Story", Lin Wutong described himself carrying a small suitcase and only $175 to Nanyang, and came to a place called "Malaya" at that time.

　　　　After arriving in Kuala Lumpur, after working for his fourth uncle for two years, Lin Wutong began to try to do construction contracting business independently. The first business was to build a two-story school by second-hand contracting. As the Sino-Japanese War broke out in an all-round way, Lin Wutong ventured back to his hometown and became a carpenter. However, after the war turned sharply, Lin Wutong bid farewell to his family and returned to Malaysia. Unexpectedly, this time it seems to be a wise decision in the future, and it has also become his farewell to his mother.

　　　　Accumulate original capital

　　　　During the Japanese rule, Lin Wutong planted vegetables and did small businesses such as tea and tiger balm. Later, I started the business of buying and selling scrap iron and hardware. Hardware business is a major turning point in Lin Wutong’s life. In the meantime, he became a family.

　　　　After the Japanese surrendered, Malaysia was rebuilt, and Lin Wutong seized the opportunity to show his talents. At that time, the British troops involved in the reconstruction brought a large number of the latest machinery such as cranes, bulldozers and concrete mixers to Malaysia. After the project was completed, these machinery were sold to the people by way of bidding. Lin Wutong seized the business opportunity, ran around, bid everywhere, bought a lot of old machinery, and then resold it at two or three times the price after renovation, because tin mines and rubber plantations abandoned in wartime reopened one after another, and the business was surprisingly good.

　　　　Lin Wutong’s first bucket of gold was iron mining. In 1953, Lin Wutong sold two mud machines to an iron ore company, and the company’s major shareholder suggested that he invest as a shareholder because of poor capital turnover. After investigation, Lin Wutong found that it contained abundant resources, so it adopted suggestions and made additional investment to become the largest shareholder of the iron ore company.

　　　　Later, this iron mine made an annual profit of 3 million ringgit in the first two years, and in a few years, it earned a total of more than 50 million ringgit.

　　　　Yangming construction industry

　　　　In the early 1950s, Lin Wutong set up its own engineering company, Jianfa Co., Ltd., using the machinery found when making old machinery, and successfully completed several government projects. Moreover, it became an A-level contractor because it completed a challenging project that even a famous British company gave up, and got a pass to undertake public projects of any scale.

　　　　Since then, Lin Wutong has become one of the best construction contractors in Malaysia by developing the famous Yayi Freshwater Dam project in Malaysian architectural history.

　　　　During this period, Lin Wutong also got to know Luo Wenxiu, who is both a Chinese and a famous entrepreneur, and therefore entered the banking industry and participated in the establishment of the first bank in Penang, Malaysia-Southern Bank.

　　　　March into genting

　　　　While actively developing the construction industry, Lin Wutong is still developing an idea that will shake the world. He wants to build a world-famous paradise. This is today’s world-class tourist destination-Genting. This is also Lin Wutong’s most cherished and loving career in his life.

　　　　Today, Genting is not only a world-famous plateau tourist resort, but also has the only legal casino in Malaysia, attracting many domestic and foreign tourists every year. At the same time, Lin Wutong has also become one of the four largest gambling kings in Asia, with Eric? Ye Han and Tian Paradise are equally famous.

　　　　Lin Wutong’s enterprise kingdom also includes cruise ships, planting, power plants, paper mills and so on. Malaysian listed companies controlled by the Lin family include Genting, ResortWorld and Asiatic Planting.

　　　　Lin Wutong’s vast enterprise kingdom has also accumulated a lot of wealth for him, making him ranked third in the latest Forbes list of Malaysian rich people, with a wealth of 4.3 billion US dollars.

　　　　Sleeping forever

　　　　"He died peacefully in his sleep," said JustinLeong, grandson of Lin Wutong and head of strategic investment department of Genting Group.

　　　　Malaysian Prime Minister Badawi immediately expressed condolences to the Lins after being informed. He said: "The unfortunate death of Lin Wutong is not only a loss for the country, but also a great loss for the business community!"

　　　　According to local media reports, after the news of Lin Wutong’s death came out, the share prices of three listed companies under GENTING Group, namely Genting (3182, Main Board Trade Service Group), RESORTS (4715, Main Board Trade Service Group) and Asia Development (ASI－ATIC, 2291, Main Board Planting Group), were not affected.

　　　　This person will never have anything to do with money again. On his deathbed, his wife Pansley Li Jinhua and his second son, Tansley Lin Guotai, chairman of Genting International Group, were all with him. (Huang Liying)

Editor: Li Erqing