The dynamic landscape of Asia's wealthy has always captured the world's attention, with some impressive names making their way onto the Forbes Real-Time Billionaires List. But have you ever wondered who tops the Asian rich list? It will come as a surprise to no one that the richest person in Asia, as of June 2024, is Mukesh Ambani, with a staggering net worth of $113.5 billion. The list of the richest Asians stretches beyond borders. In this article, we present an overview of Asia's richest people in 2024.
Top 10 richest people in Asia
The real-time World Billionaires List compiled by Forbes shows the top 10 richest people in Asia as of 26 August 2024. Also see the top 10 richest women in the world in 2024. Rank and Name Country Net Worth (USD Billion) #1 Mukesh Ambani India 116.8 #2 Gautam Adani India 83.8 #3 Prajogo Pangestu Indonesia 68.0
4th Zhongshanshan China 49.9
#5 Collin Zheng Huang China 49.3
#6 Tadashi Yanai and his family Japan 45.6
#7 Zhang Yiming China 43.4
#8 Ma Huateng
China 40.4
#9 Savitri Jindal and Family, India
40.2 #10 Shiv Nadal
India
37.9
Deeper insight: Asia's richest people in 2024
Mukesh Ambani
Source of Wealth: DiversifiedAge: 67Residence: Mumbai, IndiaNationality: IndianMukesh Ambani, chairman and managing director of Reliance Industries, is the richest person in Asia. He entered the Indian Premier League (IPL) in 2008 as the owner of Mumbai Indians. While Jio, Reliance's telecommunications and broadband service, has already attracted nearly 470.29 million subscribers, the recent debut of Jio Financial Services in August reflects the company's expanding horizons. Additionally, BlackRock and Jio Financial Services announced an agreement to set up Jio BlackRock, a joint venture in July 2023 that will provide advanced and innovative investment solutions to Indian investors. Also see: Top 10 Richest Women in India 2024
Gautam Adani
Source of Wealth: Infrastructure, commodities, self-made Age: 62 Residence: Ahmedabad, India Nationality: Indian Gautam Adani heads the Adani Group, an $81 billion company spanning ports, airports, energy and environmental activities. What started as a trading company in 1988 is now one of the richest people in Asia. He has made his mark as India's leading airport operator and the manager of the vital Mundra port in Gujarat. Moreover, his strategic acquisition of Holcim's Indian assets in 2022 has propelled him to the position of India's second-largest cement producer.
Prajogo Pangestu
Source of Wealth: PT Balito Pacific
Age: 80
Location: Jakarta, Indonesia
Nationality: Indonesia Energy and petrochemical tycoon Prajogo Pangestu is Indonesia's richest man. He started out in the timber business, but now his company PT Barito Pacific is one of the leaders in petrochemicals, plastic production, mining and thermal energy in Indonesia. His wealth increased significantly in 2023 as two of his group's companies, Petrindo Jaya Kureasi and Barito Renewables Energy, went public.
Mount Zhongshan
Source of wealth: beverages, medicines, self-earned income Age: 69 Residence: Hangzhou, China Nationality: China Zhong Ruirui, founder of bottled water company Nongfu Spring, is the third richest person in Asia and tops the list of the richest Chinese. From construction to journalism to beverage sales, his journey has led him to entrepreneurship. In addition, he also has influence in Beijing Wantai Bio-Pharmacy, which produces rapid diagnostic tests for Covid-19. According to estimates at the end of 2022, Zhong Ruirui had assets of $62.3 billion, making him China's richest person for the second consecutive year.
Colin Cheng Huang
Source of Wealth: E-commerce Age: 44 Residence: Shanghai, China Nationality: Chinese Colin Huang is the founder of PDD Holdings, a well-known Chinese e-commerce organization that changed its name from Pinduoduo in February 2023. Despite stepping down as chairman a few years ago, Huang still owns about 28% of the company's shares. Huang also founded the online game Xinyoudi and another e-commerce platform known as Ouku.com. In the Forbes list of China's 100 richest people compiled in 2022, Huang is ranked 9th.
Tadashi Yanai and his family
Source of Wealth: Fashion retail, self-made man Age: 75 Residence: Tokyo, Japan Nationality: Japanese Tadashi Yanai is the driving force behind Fast Retailing, the prominent Tokyo-listed clothing empire that oversees the Uniqlo chain. Fast Retailing's portfolio includes brands such as Theory, Helmut Lang, J Brand, and GU. Notably, flagship brand Uniqlo has a vast presence with over 2,400 stores in 25 countries, and Tadashi Yanai is ranked as one of the top 10 richest people in Asia. After opening its first store in Mumbai, India in October 2023, Uniqlo now aims to grow and become the top brand in India, understanding the fierce competition from domestic and international brands.
Zhang Yiming
Source of Wealth: TikTok, self-made Age: 40 Residence: Beijing, China Nationality: Chinese Zhang Yiming, the driving force behind Chinese tech giant ByteDance, is best known as the creator of the wildly popular app TikTok, which boasts a staggering user base of over 1 billion people worldwide. As of March 2023, Zhang owns a 2% stake in ByteDance. However, its value is unclear due to the possibility of TikTok being banned in the United States. Recently, the US Congress passed a new law that gives the US government the power to try to ban TikTok. Beyond TikTok's fame, ByteDance spans diverse sectors including news, education, and gaming.
Ma Huateng
Source of Wealth: Online Games
Age: 52 Residence: Shenzhen, China Nationality: Chinese Ma Huateng, known as Pony Ma, heads Chinese internet giant Tencent Holdings. He oversees the widely used messaging app WeChat, which has 1.3 billion users, and is one of the richest people in Asia. Not only that, Tencent has huge interests in the global gaming industry, including holding a stake in Epic Games, which ranks among the top video game publishers. Ma's influence also extends to Tesla and Spotify through Tencent's investments. Notably, he recently revealed plans for Tencent to develop new artificial intelligence (AI) technologies for the broader benefit of humanity.
Savitri Jindal and family
Source of Wealth: SteelAge: 74Residence: Hisar, IndiaNationality: IndianSavitri Jindal, widow of founder Om Prakash Jindal, is currently the Chairperson of the Jindal Group, which includes steel, power, cement and infrastructure. After the death of late OP Jindal, the group's companies were divided between his sons. They now run them independently. Her son Sajjan Jindal, who lives in Mumbai, manages the most significant assets of the group. She is not only one of the richest Asians but also the richest woman in India. Savitri Jindal continues her husband's legacy of supporting society and the community by contributing to areas such as education, healthcare, etc.
Shiv Nadar
Source of Wealth: Software Services Age: 79 Residence: New Delhi, India Nationality: Indian Shiv Nadar, founder of HCL Technologies, is one of India's most prominent figures in the IT and software sector. He is currently Chairman Emeritus of HCL Technologies and retired as Chairman of the company in 2020. In addition to his business acumen and leadership abilities, Nadar is also known for his philanthropic efforts. He has donated over Rs 2000 crore in 2023, approximately Rs 5.6 crore per day. The total donations to his Shiv Nadar Foundation exceed $1 billion. He has been awarded the Padma Bhushan, India's third highest civilian award, by the Government of India.
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