Did you know, 20 of Asia’s richest families own nearly $495 billion? They are rapidly transforming the business landscape of the region with e-commerce, wireless telecommunications, and green technology. Some of these families have been in their respective businesses for generations. Here are the top five Asian billionaire families:
1. Adani family ($150 billion) – India
Occupying the top spot is the Adani family. Members of this billionaire family are Gautam Adani, his wife Priti, and their children Karan and Jeet. Gautam Adani heads the Adani Group and controls the largest port in India, the Mundra Port in Gujarat.
2. Ambani family ($97.3 billion) – India
Members of the Ambani family include Mukesh Ambani, his wife Nita, sons Akash and Anant, and daughter Isha. Mukesh Ambani is the chairman of Reliance Industries, a conglomerate that comprises mainly the oil and telecom businesses.
3. Shanshan family ($70.2 billion) – China
The Shanshan family members are Zhong Shanshan, his wife Lu Xiaoping, and their three children. Zhong Shanshan founded Nongfu Spring in China and currently serves as the company’s chairman. Nongfu Springs is mainly in the bottled water business.
4. Lee family ($40.8 billion) – South Korea
The Lee family members at present are Hong Ra-Hee (the widow of Lee Kun-Hee), Lee Jae-Yong, Lee Boo-Jin, Lee Yoon-Hyung, and Lee Seo-Hyun. Lee Kun-Hee was in a state of coma since 2014 and died on October 25, 2020. The source of the Lee family’s income is Samsung Electronics, which is a consumer electronics conglomerate.
5. Kwok family ($40.4 billion) – Hong Kong
Members of the Kwok family include Kwong Siu-Hing, and her sons Thomas, Raymond, and Walter Kwok. Raymond Kwok heads Sun Hung Kai Properties, the largest real estate developer in Hong Kong. Walter Kwok was ousted by his brothers in 2008. While in 2014, Thomas Kwok was sentenced to five years in prison on corruption charges.