Bloomberg published a listing of the 20 richest clans in Asia, whose total wealth exceeds $450 billion.
At the highest of the rankings is the Ambani family (net value: $50.4 billion), which founded Reliance Industries in 1957 and is now the world’s largest oil refining complex. Ambani, 62, has big ambitions in latest areas equivalent to e-commerce, and is recruiting his children to assist modernize his empire. The Rise of the Twins offers early signs of the titan’s efforts to arrange his heirs.
As he noticed Good thingHong Kong dominated the list, with six families from a city of just over seven million people making the list.
Hong Kong families who created top 20 list include the Kwok family (real estate, net value: $38 billion), the Kadoorie family (diversified, net value: $18.5 billion), the Cheng family (real estate and jewellery, net value: $18.2 billion), the Pao family (forwarding and real estate, net value: $16.7 billion), Ho family (gaming, net value: $14.9 billion), Lee family (food, net value: $14.7 billion).
The richest Southeast Asian families on the list include the Chearavanont family (diversified, net value: $37.9 billion) and the Hartono family (cigarettes and banking, net value: $32.5 billion).
Chia Ek Chor (Chrearavanont) fled a typhoon-ravaged village in southern China and began a brand new life in Thailand, selling vegetable seeds together with his brother in 1921. Nearly a century later, Chia’s son, Dhanin Chearavanont, is the senior chairman of Charoen Pokphand Group, a conglomerate encompassing food, retail and telecommunications units, with a business span spanning 4 generations.
According to BloombergThe region’s 20 richest clans are actually value a combined total of greater than $450 billion, underscoring how the engine of world economic growth is making fortunes on an unprecedented scale.
Bloomberg says that along with assets, its methodology also takes under consideration liabilities equivalent to equity-backed loans. Bloomberg’s categorization of family wealth excludes first-generation fortunes equivalent to Alibaba Group Holding Ltd.’s Jack Ma, in addition to fortunes within the hands of a single heir.
Other trends stand out. The property is one; a lot of the families on the list derive most of their fortunes from real estate development or hold billions of dollars in shares.
