Malaysia has a new king for the next five years. Sultan Ibrahim, a billionaire who rules the state of Johor, was sworn in on Wednesday (January 31) Sultan Ibrahim is one of the country's richest men, of Malaysian and British origin.

He owns a vast business empire ranging from real estate, telecommunications, to power plants and palm oil. He has close ties to the prime minister and his rule could support Anwar Ibrahim's unity government, which faces strong Islamic opposition.