Malaysian billionaire Lim Kok Thay receives $5.9M remuneration from Genting Singapore for 2025
Malaysian billionaire Lim Kok Thay, executive chairman and acting CEO of Genting Singapore, received S$7.5 million (US$5.9 million) in 2025 remuneration from the resort and casino operator.
The executive’s pay package included about S$3.6 million in salary and roughly S$3.9 million in bonuses, along with S$60,272 in fees and other benefits, The Business Times reported, citing the firm’s annual report for the financial year ended Dec. 31, 2025.
In percentage terms, that works out to 47.4% as salary, 51.9% as bonuses and 0.4% as fees and other benefits. Lim did not receive any share awards for the year.
The 74-year-old tycoon took over the role of acting CEO last June following the retirement of former chief executive Tan Hee Teck at the end of May.
Genting group chairman Lim Kok Thay applauds at the soft opening of the Singapore’s first casino at Resorts World Sentosa complex in Singapore on Feb. 14, 2010. Photo by AFP |
The report noted that fees for all directors were raised to a total of roughly S$2 million for 2025 and will increase to around S$2.3 million in the next financial year.
The figures are based on the anticipated number of directors, along with board and committee meetings, and assuming full attendance by all directors, it said.
For the financial year, Genting Singapore, the operator of Resorts World Sentosa, reported a 3% dip in revenue to S$2.45 billion, according to Singapore Business Review.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 15% to S$815.8 million while net profit slid 33% to S$390.3 million.
The company is part of gaming giant Genting Group, which was founded by Lim’s late father, Lim Goh Tong, a prominent tycoon once known as Malaysia’s “Casino King.”
Lim Kok Thay ranked 14th on Forbes’ Malaysia rich list last April with an estimated net worth of US$1.8 billion.
Comments are closed.