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Malaysian-born woman Australia's richest

MELBOURNE, March 7 (Bernama) -- Malaysian-born Vicky Teoh, with an estimated wealth of A$390 milllion, tops Australia's Rich Women's List, published by the Business Review Weekly (BRW) today.

Vicky came to Australia with her husband David Teoh in 1986 and founded TPG Telecom as a computer equipment business.

Describing Vicky as "mysterious" and "low-profile," BRW said the Teohs have built a A$2 billion Internet business in less than 20 years.

It is believed Vicky did not supply a photograph to BRW unlike most of the other listed women.

The weekly said Vicky had just completed a stellar 12 months, increasing the value of her 18 per cent stake in TPG by A$125 million to A$380 million.

David is chief executive of TPG. Their son Shane joined TPG board last year. The company is listed on the Australian Stock Exchange.

Vicky also has a stake in online prescription glasses retailer Oscar Wylee.

The Rich List, published ahead of International Women's Day, highlights the 30 richest self-made women in Australia.

To be eligible for this list, candidates must be female Australian citizens and must have been involved in the creation of their personal fortune.

It excludes anyone who started with an inheritance from the previous generation.

For this reason, the world's richest woman, Australian mining billionaire Gina Rinehart, is not on the list.

Australia's second richest woman is Rhonda Wyllie with an estimated A$346 million, earned through her work in the family property development business, Wyllie Group, where she is a non-executive director.

Actress Nicole Kidman is next with an estimated A$320 million.

Entertainers feature prominently among the country's richest women, including singer Kylie Minogue, model Elle Macpherson, actresses Cate Blanchett and Naomi Watts.

But two out of three of the BRW Rich Women are there because they founded companies.


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