D iona Teh Li Shian is a Malaysian heiress whose fortune is derived from her family's stake in Public Bank, one of Malaysia's largest and most profitable banking groups. She is one of the four children of the late Teh Hong Piow, the legendary and highly respected founder of Public Bank. Her father was a self-made titan of Malaysian finance who founded the bank in 1966 and led it for over five decades, building it into a banking powerhouse.
Upon her father's death in 2022, his massive stake in the publicly traded Public Bank was passed on to his four children: Diona and her three sisters. While none of the children are involved in the day-to-day executive management of the bank, which is run by a professional team, their inherited ownership stake makes them some of the wealthiest people in Malaysia. Diona's wealth is a direct legacy of her father's incredible life's work in building one of Southeast Asia's most successful financial institutions.
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Diona Teh Li Shian is a Malaysian-Singaporean billionaire heiress whose immense wealth stems from her inherited stake in Public Bank Berhad (KLSE: PBBANK), one of Malaysia's largest banks, and the related insurance firm LPI Capital Berhad. She is the daughter of the late banking magnate Teh Hong Piow (d. 2022), who founded Public Bank in 1965 and chaired it for decades.
Diona, a Singapore citizen, inherited a substantial minority stake in both Public Bank and LPI Capital, making her a major shareholder in the financial services sector. Her role is one of generational stewardship, ensuring the long-term stability and success of the family's assets. Her wealth is secured by the stable, continuous profitability of the banking conglomerate.
Diona Teh Li Shian's career is defined by her role as a major shareholder and guardian of her family's financial legacy. Her wealth is tied to the successful management of Public Bank, which was transformed by her father from a fledgling institution into Malaysia's second-largest bank. The family maintains a controlling influence over the bank's strategy and governance.
In 2024, she gained significant public notice for her investment in high-end real estate in Singapore, purchasing a Good Class Bungalow (GCB) in Tanglin Hill for $70 million (S$93.9 million), one of the city-state's most exclusive residential areas. This massive property acquisition reflects the immense liquidity and diversification of the family's assets outside of Malaysia, cementing her status as a major regional investor.
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Her father, Teh Hong Piow, founds Public Bank Berhad (Founding).
Her father passes away, leading to the inheritance of the family's controlling stake (Inheritance).
Gains public notice for purchasing a $70 million Good Class Bungalow in Singapore (Major Investment).
Continues as a major family shareholder in Public Bank and LPI Capital (Financial Stewardship).
Diona Teh Li Shian's wealth is concentrated in her inherited equity stakes in the publicly traded Malaysian financial giants, Public Bank Berhad and LPI Capital Berhad.
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Diona Teh Li Shian's social impact is structural, stemming from Public Bank's role as a massive financial institution that provides essential banking and credit services to millions of Malaysians. The bank's long-term stability and focus on the mass consumer market is a structural contribution to the national economy.
The family's foundations support various educational and community initiatives, continuing the philanthropic legacy of her father. Her financial move to Singapore is a major indicator of capital flow and investment strategy in the Asia-Pacific region.
Diona Teh Li Shian maintains the highly professional, composed style of an Asian financial heiress. Her attire is consistently formal and high-quality, favoring tailored business suits and elegant accessories. Her aesthetic is one of stability and quiet, established authority.
Residing in Singapore, her luxury is the immense security and financial reward derived from her multi-billion dollar fortune, rooted in the stable banking and finance sector. Her life is dedicated to the stewardship of her family's long-term business legacy and the management of high-value international assets.
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-0.14% | -$1.58M
+0.41% | +$9.58M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
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