Asia's richest families 4
According to Bloomberg statistics, despite Anil Ambani’s business failure and the impact of Covid-19, the Ambani family (India) still has an additional 25 billion USD compared to last year, bringing total assets to 76 billion USD.
However, in these 20 families, more than half lost their assets, as the real estate and financial industries went down during the pandemic.
Below are the 10 richest families in Asia this year, according to Bloomberg statistics.
1. Ambani
Company: Reliance Industries
Headquarters: India
Generation owning the company: 3
Assets: 76 billion USD
Mukesh and Anil’s father, Dhirubhai Ambani, founded the predecessor company of Reliance Industries in 1957. When he died in 2002, he did not leave a will.
Mukesh Ambani made a fortune this year by shifting his energy empire to e-commerce.
2. Kwok
Company: Sun Hung Kai Properties
Headquarters: Hong Kong (China)
Generation owning the company: 3
Assets: 33 billion USD
Kwok Tak-seng made an IPO for Sun Hung Kai Properties in 1972. This company is currently one of the largest real estate firms in Hong Kong, bringing most of the assets to the Kwok family.
The Kwok family’s assets this year decreased by $5 billion, due to the pandemic and national security laws.
3. Chearavanont
Company: Charoen Pokphand Group
Headquarters: Thailand
Generation owning the company: 4
Assets: 31.7 billion USD
In 1921, Chia Ek Chor left a village in southern China to go to Thailand.
The Chearavanont family’s assets also went down this year, due to the impact of Covid-19.
4. Hartono
Company: Djarum, Bank Central Asia
Headquarters: Indonesia
Generation owning the company: 3
Assets: 31.3 billion USD
In 1950, Oei Wie Gwan acquired a cigarette brand and changed the name to Djarum.
5. Lee
Company: Samsung
Headquarters: Korea
Generation owning the company: 3
Assets: 26.6 billion USD
In 1938, Lee Byung-chul founded Samsung – a company that exported vegetables, fruits and fish.
6. Yoovidhya
Company: TCP Group
Headquarters: Thailand
Generation owning the company: 2
Assets: 24.2 billion USD
Chaleo Yoovidhya founded the pharmaceutical company T.C.
7. Cheng
Company: Chow Tai Fook
Headquarters: Hong Kong (China)
Generation owning the company: 4
Assets: 22.6 billion USD
The Cheng family improved this year compared to last year, reaching the top 10 in the region.
8. Mistry
Company: Shapoorji Pallonji Group
Headquarters: India
Generation owning the company: 5
Assets: 22 billion USD
In 1865, the Mistry family started their business by establishing a construction company.
9. Pound
Company: BW Group, Wheelock
Headquarters: Hong Kong (China)
Generation owning the company: 3
Assets: 20.2 billion USD
Pao Yue-kong opened a shipping company with 20,000 Hong Kong dollars more than 60 years ago.
10. Sy
Company: SM Investments
Headquarters: Philippines
Generation owning the company: 3
Assets: 19.7 billion USD
Henry Sy was born in China and immigrated to the Philippines at the age of 12.
