The 20 Richest Families In Asia Control More Than $450 Billion

By on August 28, 2019 in ArticlesBillionaire News

Family dynasties are located all over the world and quite a number of them are in Asia – Hyundai, Samsung, Peninsula Hotel Group, Reliance Industries – all of these companies have made multibillions for the families that founded, own, and/or run them. The family of Mukesh Ambani – the head of Reliance Industries – is still the richest man, and therefore family, in Asia.

The 20 wealthiest families in Asia are worth more than $450 billion combined – highlighting how the current economic climate is making rich people even wealthier and widening the gap between the wealthy and the rest of the population. Hong Kong minted six of the biggest family fortunes and has one of the widest wealth gaps of any country in the world.

Indian businessman Mukesh Ambani (R) with wife Nita Ambani attends the wedding reception his daughter Isha Ambani (2nd R) who wedded Anand Piramal (R), son of Indian billionaire industrialist Ajay Piramal (Photo by SUJIT JAISWAL/AFP/Getty Images)

Familiar names are missing from this list. Jack Ma, for instance. This is a list of the wealthiest dynasties in Asia, so first-generation fortunes like Ma's, or those that are run by a single heir, do not quality. When you consider Ma's $39 billion fortune, Ma Huateng's $42 billion fortune, and Tadashi Yanai's $17 billion fortune – well, its staggering how many multi-billion fortunes reside in Asian countries. Thanks to the rise of the tech industry and a global economy, the wealthy are making their millions and billions all over the world, not just in the West.

#20. Chung Family

Country: Korea

Source of wealth: Hyundai

Net Worth: $13.5 billion

#19. Lee Family

Country: Hong Kong

Source of wealth: Lee Kum Kee oyster sauce

Net Worth: $14.7 billion

#18. Torii/Saji Family

Country: Japan

Source of wealth: Alcohol distributor

Net Worth: $14.8 billion

#17. Ho Family

Country: Hong Kong

Source of wealth: Casinos and Hotels

Net Worth: $14.9 billion

#16. Hinduja Family

Country: India

Source of wealth: Energy, automotive, finance, health care

Net Worth: $16 billion

#15. Tsai Family

Country: Taiwan

Source of wealth: Cathay Financial/Insurance

Net Worth: $16.2 billion

#14. Pao Family

Country: Hong Kong

Source of wealth: Property development

Net Worth: $16.7 billion

#13. Ng Family

Country: Singapore

Source of wealth: Soy Sauce/Property development

Net Worth: $13.2 billion

#12. Cheng Family

Country: Hong Kong

Source of wealth: Jewelry

Net Worth: $18.2 billion

#11. Kwek/Quek Family

Country: Singapore/Malaysia

Source of wealth: Property development/finance/hospitality

Net Worth: $18.4 billion

#10. Kadoorie Family

Country: Hong Kong

Source of wealth: Peninsula Hotel Group

Net Worth: $18.5 billion

#9. Chirathivat Family

Country: Thailand

Source of wealth: Jd.com/retail

Net Worth: $20.3 billion

#8. Sy Family

Country: Philippines

Source of wealth: Retail – department stores and supermarkets

Net Worth: $20.9 billion

#7. Mistry Family

Country: India

Source of wealth: Construction

Net Worth: $21.1 billion

#6. Yoovidhya Family

Country: Thailand

Source of wealth: Red Bull

Net Worth: $24.5 billion

#5. Lee Family

County: South Korea

Source of wealth: Samsung

Net Worth: $28.5 billion

#4. Hartono Family

Country: Indonesia

Source of wealth: Cigarettes/banking

Net Worth: $32.5 billion

#3. Chearavanont Family

Country: Thailand

Source of wealth: Food/retail/telecom

Net Worth: $37.9 billion

#2. Kwok Family

Country: Hong Kong

Source of wealth: Poperty development

Net Worth: $38 billion

#1. Ambani Family

Country: India

Source of wealth: Reliance Industries-oil/telecom

Net Worth: $50.4 billion

Articles Written by Amy Lamare
Amy Lamare is a Los Angeles based writer covering business, technology, entertainment, philanthropy, and pop culture. She spent 8 1/2 years covering the entertainment industry for www.hsx.com. She has written for Los Angeles Magazine, Your Tango, Thinknum Media, and various airline magazines. Follow her on Facebook. Amy's favorite self-made billionaire is Sara Blakely.
Did we make a mistake?
Submit a correction suggestion and help us fix it!
Submit a Correction
Discussion