Asia’s newest billionaire founded a grocery store in 1987 and never gave up any stake — until this week’s IPO

  • Lee Thiam Wah, the founder of Malaysian mini-mart chain 99 Speed Mart, is Asia’s latest billionaire.
  • The company went public on Monday, becoming the largest Malaysian IPO in seven years.
  • Lee grew the business from eight stores to over 2,600 across Malaysia, the largest mini-mart chain in the nation.

Lee Thiam Wah started selling snacks at a roadside stall. Now, he’s Asia’s latest…

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