YTL founder Tan Sri Yeoh Tiong Lay dies at 87 (Updated)

PETALING JAYA: The family members of Tan Sri Datuk Seri Dr Yeoh Tiong Lay, have expressed their sadness over the death of the founder of YTL Corporation Bhd.

"We are deeply saddened by the loss of the head of our family, Tan Sri Datuk Seri Dr Yeoh Tiong Lay, but comforted that he has gone home to our Lord Jesus Christ," his family members said in a statement.

"We are four generations that have had the privilege of enjoying his presence for 88 years and he will be truly missed."

Yeoh passed away today at age 87. He is survived by his wife Puan Sri Yeoh Kai Yong and seven children. His eldest son, Tan Sri Francis Yeoh is the managing director of YTL Corporation.

The senior Yeoh founded YTL in 1955 as a small construction company. It is now one of Malaysia's largest conglomerate with interest in technology, hotels, utilities, construction, and property management.

According to Forbes, Yeoh has a net worth of US$2bil (RM8.45 billion).

Yeoh's family members welcomed family and friends to pay their last respects tomorrow from 7pm onwards at 2 Lorong Buloh Perindu 1, Damansara Heights, 59000 Kuala Lumpur.

The wake services will be held tomorrow, Friday, and Saturday at 8.30pm. The funeral will take place this Sunday (Oct 22) at 10am. The cortege will leave for the Nilai Memorial Park at noon.