The executive with the largest paycheck in Malaysia has been revealed in a report released by the Malaysian Securities Commission (MSC). A company that has dedicated itself to building an empire in the gaming and hospitality industries has shown its gratitude to its CEO, making him the highest paid executive in the country. Genting Group CEO Tan Sri Lim Kok Thay pocketed almost $60 million last year.

For his work at leading Genting Bhd, Lim received approximately $40.49 million. Under his second hat, as the CEO of Genting Malaysia Bhd, he earned an additional $19.4 million. The calculations include salaries, bonuses, benefits and other types of compensation earned throughout the year.

The MSC releases its Corporate Government Monitor report every year. It looks at compensation packages for CEO of the country’s top 100 companies according to Bursa Malaysia’s Main Market list. That list’s rankings are generated by the companies’ market caps as of December 31 of each year.

The total market cap of the 100 top companies accounts for about 80% of the entire equity market cap in the country and represents about $347 billion. However, things could change in the near future, resulting in what some consider a more equitable distribution of wealth in the country.