On March 15, 2566, Bloomberg released a ranking of the wealthiest families in Asia. It compiles data as of March 14, 2566, and does not include first-generation wealth such as that of Jack Ma of Alibaba Group Holding. and wealth in the hands of a single heir But it will be collected in each group. Total net worth includes wealth from various families. The 10 wealthiest families in Asia are as follows:
1. Ambani family
The Ambani family runs Reliance Industries, India's largest conglomerate. Now under the third generation of management, wealth has reached $3 billion.
Dhirubhai Ambani, father of Mukesh and Anil, started Reliance Industries in the late 1950s after Dhirubhai died in 2545 without leaving a will. His wife entered into a contract between his sons for control of the family property. In 2545, the eldest son, Mukesh, took over as chairman. He is currently the chairman of the Mumbai-based conglomerate. which owns the world's largest oil refinery and is expanding into technology, retail and green energy, with his children taking charge of those businesses. The most expensive private residences in the world
2. Hartono family
The Hartono family runs Indonesia's largest cigarette business, Djarum. Including the banking business like Bank Central Asia, currently operating in its third generation with a wealth value of $3 billion.
By Oei Wie Gwan bought a brand of cigarettes in 2493 and renamed it Djarum. The business grew into one of the largest cigarette manufacturers in Indonesia. After Oei's death in 2506, his son invested in Bank Central Asia, which has created the majority of the family's wealth. In 2559, Armand Wahyudi Hartono, Robert Budi's son, became deputy director. Bank Central Asia
Meanwhile, PT Global Digital Niaga, which is backed by Djarum, which owns e-commerce group Blibli, has the second-largest IPO in Indonesia in 2.
3. Kwok family
The Kwok family runs Sun Hung Kai Properties, Hong Kong's largest real estate developer. Currently operating in its third generation, its wealth is valued at $3 billion.
Kwok Tak-seng took Sun Hung Kai Properties public on the stock exchange in 2515. Since then the company has become one of Hong Kong's largest real estate developers and the foundation of the family's wealth. His sons, Walter, Thomas and Raymond, assumed control when he died in 2533. Although Walter lost his chairmanship in 2551 after a feud with his siblings, Raymond now chairs the business.
4. Mistry family
The Mistry family runs the Shapoorji Pallonji Group, a construction giant in India. At present there are many affiliated businesses. Currently operating in the 5th generation, the wealth value is 2.84 billion dollars.
The family business was founded in India in 2408 when Pallonji Mistry's grandfather started a construction business with an Englishman. Today, the Shapoorji Pallonji Group has expanded its business portfolio to include engineering and construction. And Grandfather acquired a stake in Tata Sons.
Most family wealth is illiquid. Although it exists in Tata Sons, the main holding company behind the Tata Group, which controls Jaguar Land Rover, after a family feud, Tata Sons became a private company. It restricted the Mistrys' ability to sell shares and when Tata Sons offered to acquire the business. But the two sides were unable to agree on a valuation.
5. Chearavanont family
Chearavanont family Operate business of Charoen Pokphand Group Currently in its 4th generation, its wealth is valued at $2.82 billion.
It began when Jia Exo fled a village hit by a typhoon in southern China. and started a new life in Thailand by selling vegetable seeds with his brother in 2464. In 2496, the first animal feed factory was started. After that, in 2507, Thanin Chearavanont's son was appointed general manager, while in 2519 the company was registered. Charoen Pokphand Group Company Limited to be the main company for managing the business. that expands both domestically and abroad
6. Family of Yoo Witthaya
Taklu Yoovidhya runs the TCP Group business and currently has many businesses under its umbrella. Currently operating in its second generation, its wealth is valued at $2 billion.
It began with Chaliew Yoovidhya establishing TC Pharmaceutical Company in 2499 to distribute drugs. Later it expanded into consumer products, and in 2518 he invented an energy drink he called “red bull” or “Red Bull” after Austrian marketer Dietrich Mateschitz discovered the drink during his travels. Doing business in Asia He partnered with Chaliew to reformulate and market Red Bull around the world. The Yoovidhya and Mateschitz family's wealth largely came from the success of their energy drinks.
7. Cheng family
The Cheng family, which operates New World Development and Chow Tai f*ck in Hong Kong, is now in its fourth generation with a fortune of $4 billion.
The Cheng family's fortune began with Chow Tai f*ck Jewelery, a Hong Kong jeweler. In 1929, the year it was founded, the Chengs also control New World Development, one of Hong Kong's largest real estate and infrastructure companies.
8. Pao/Woo family
The Pao/Woo family, which runs BW Group and Wheelock, is now in its third generation with a fortune of $3 billion.
Pao Yue-kong started a shipping business. When he bought his first ship, Golden Alpha, in 1955, by 1979 the company had more than 200 ships, making it the largest bulk cargo fleet in the world at the time. Pao adapted to a wide range of market conditions into real estate. using income from boat sales When he died in 2534, his business was divided among his four daughters and their families. The majority of the family's wealth today comes from Hong Kong property developer Wheelock, which went private in 4.
9.Tsai family
The Tsai family, which operates Cathay Financial and Fubon Financial in Taiwan, is now in its third generation with a fortune of $3 billion.
The Tsai brothers founded Cathay Life Insurance in 1962. In 1979, the family decided to split the business, with Tsai Wan-lin and Tsai Wan-tsai taking control of Cathay Life Insurance and Cathay Insurance, respectively. Cathay Insurance was later renamed Fubon Insurance. It is now family-owned. Stocks in two large financial companies in Taiwan and spread to various sectors such as real estate and telecommunications.
10.Lee family
The Lee family runs Samsung, now in its third generation, with a fortune worth $3 billion.
Lee Byung-chull started Samsung in 1938 as a trading company that exported fruits, vegetables, and fish. He entered the technology industry by founding Samsung Electronics in 1969, which became a manufacturer of memory and smart chips. The largest phone in the world When he passed away in 2530, his third son, Lee Kun-hee, took over the business. and died in October 3 after spending several years in hospital following a heart attack in 2563. Jay Y. Lee, who has dominated the conglomerate ever since. Spent time in prison on bribery charges in the scandal that led to the impeachment of former president Park Geun-hye in 2557. He was released on parole in 2560 and was pardoned a year later.
refer : https://www.bloomberg.com/features/2023-asia-richest-families/?srnd=premium-asia
