Word: billionairedom
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Dates: during 2002-2002
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...needs to be awarded advantages such as sole-source government contracts. Of course, cultivating political connections for business purposes is standard procedure in many countries. But in Malaysia, the stakes are especially high: you can be catapulted from the ranks of the merely wealthy into the rarefied status of billionairedom in part by earning the confidence of the right people. The companies Mokhtar controls have a stake in almost every sector of the economy: from the publicly listed Malakoff, now Malaysia's biggest private sector producer of electrical power, to Pernas, which owns businesses ranging from Malaysia's largest security...
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