Top 50 Richest Families in Asia 2018

Here We have prepared a list of Asia's top 50 Richest Families; their total net worth; business empire; and source of income.

top 50 richest families in asia 2018

Asia’s sociological division is in families hence it is no surprise that the wealth created is the aggregate of efforts by members of a family. Here is a list of the top 50 richest families in Asia 2018, from the wealthiest downwards;

1. Ambani family

Dhirubhai Ambani and sons Ambani family
                                    Dhirubhai Ambani with his son’s Mukesh Ambani and Anil Ambani

With a net worth of $44.8 B, the Ambani family from India’s head this list. Contributing factors were the high price of shares in Mukesh Ambani’s conglomerate Reliance Industries, along with the high demand of the telecom wing, Reliance Jio. Younger brother Anil Ambani owns substantial margins in Reliance Communications, and the two are proud torchbearers of the entrepreneurial tradition laid down by their late father, Dhirubhai Ambani, who started Reliance Textile industries with the popular Vimal textile brand.

2. Lee (Byung-Chull) family

Lee (Byung-Chull) family
                                               Lee Kun hee with his wife and daughter

Hailing from South Korea, with a net worth of $40.8 B, the family derives roughly 45% of its wealth from Samsung Electronics. The chairman of the group is Lee Kun-Hee, and his heir Jay.Y.Lee was sentenced to 5 years in prison for complicity in the ousting of the former president of the country. Samsung is the world’s largest smartphone and television manufacturer, and associated businesses rake in excess of $300 billion on an annual basis from electronics, food, paper, and entertainment.

3. Kwok Family

Kwok family
                                                           Walter Kwok with his wife

Hailing from Hong Kong, the owners of Sun Hung Kai Properties is headed by Raymond Kwok, and has a net worth of $40,4 B. Previously, this development company was helmed by Raymond’s Elder brother Thomas Kwok, who got embroiled in a corruption case and was imprisoned. Despite legal setbacks, the group is running strong, with expansions into China where almost 60% of its properties are situated.

4. Jack Ma

                        Jack Ma is the co-founder and executive chairman of the Alibaba Group.

Jack Ma is the new name added to the list of “top 50 Asia Richest Families in 2018”. Jack Ma total net worth is 3,460 crore USD or US$38.6 billion dollar. He is a Chinese business magnate, investor, and philanthropist. Jack Ma is the co-founder and executive chairman of the Alibaba Group, a multinational technology conglomerate. He has become the top richest person and self-made entrepreneur in China. Jack Ma one of the knowing name of 2018 in the world.

5. Chearavanont family

Dhanin Chearavanont and his family
                                                    Dhanin Chearavanont and his family

They have a net worth of $36.8 B and head the Charoen Pokphand (CP) Group in Thailand. Their business in animal feed and livestock is one of the world’s largest and goes back as far back as 1921 when siblings Chia Ek Chor and Choncharoen Chiaravanont opened a shop by selling farmers seeds for their crops. Chia Ek Chor’s eldest son Dhanin, was the head of the group until last year when he crowned his eldest son Soopakij as Chairperson.

6. R.Budi & Michael Hartono

R.Budi & Michael Hartono
                                                                          R.Budi & Michael Hartono

Pegging in with a net worth of $32 B, this Indonesian conglomerate of the Hartono brothers derive more than two-thirds of their vast fortune from investments in Bank Central Asia. The family fortune started aggregating from kretek cigarette maker Djarum, which their father started, and is now looked after by Budi’s eldest son Victor. They also have considerable holdings in Polytron and real estate.

7. Lee (Shau-Kee) family

Lee (Shau-Kee) family
                                                                     Lee (Shau-Kee) and his family

With a net worth of $29 B, the owners of Hong Kong-based Henderson Development are helmed by patriarch Lee Shau Kee. His eldest son Martin is the vice-chairman of Henderson Land, and Peter, another son, oversees operations based in China. Shau Lee was an immigrant who started with trading in currencies and precious metals and has now expanded into diverse areas like investments, hospitality, and gas. 

8. Kewk/Qwek family

Kwek Leng Beng, chairman of Hong Leong Group.
                                                   Kwek Leng Beng, chairman of Hong Leong Group.

Hailing from Malaysia, with a net worth of $23.3 B, the owners of the Hong Leong group distribute control to more than 15 family members for purposes of efficiency. Their roots can be traced back to 1941 when Kwek Hong Png co-founded the family with 3 other brothers. They also have operations in Singapore.

9. Cheng family

Cheng Yu Tung
        Cheng Yu Tung founder of Hong Kong property group New World Development Co Ltd

Hong Kong residents, with a net worth of $22.5 B they are the owners of Chow Tai Fook, an international jewelry brand name. The patriarch, Cheng Yu-tung passed away 2 years ago after handing the reins of Chow Tai Fook and conglomerate New World to son Henry in the capacity of chairman and executive director. The top pend Rosewood Hotels was acquired by Henry’s daughter Sonia, who looks after hospitality. From casinos to communications, this family has a wide range of interests.

10. Sy family

Henry sy family
                             Henry T. Chi Sieng Sy, Founder of SM Investments Corporation.

They have a net worth of $20.1 B and based in the Philippines, are the overseers of SM Investments Corporation. Henry Sy is the richest individual in the Philippines, starting with a shoe store which he later developed into mall developer SM Prime. All his children and grandchildren have active roles in the running of business affairs.

11. Chirathivat family

Chirathivat family thailand richest
          Chirathivat is Thai Family in Chinese descent. They are one of the most mall developers in Thailand.

From Thailand, with a net worth of $19.3 B this family has considerable presence in the retail business. They control Central Group, the biggest mall developer in Thailand. They receive more than one-fourth of their $11 B in revenue from Vietnam and Europe. They are involved at present with a $560 million joint venture with China’s for the e-commerce site JD central.

12. Premji family

Azim Hashim Premji, Chairman of Wipro
                                                      Azim Hashim Premji, Chairman of Wipro Ltd.

The family owns Wipro, with a net worth of $19.2 B, in India. The family started a business in 1945 with cooking oil, and current chairman Azim Premji left studies to take control of affairs after the death of his father Mohamed Hasham Premji. He expanded into technology and software, which raked in the big money. Wipro today has $9 B in sales, an impressive achievement.

13. Hinduja family

Hinduja Familiy Hinduja Group conglomerate company
              Hinduja Group is an Indian conglomerate company headquartered in London, United Kingdom.

pegging a net worth of $17 B, the Hinduja group has diversified interests and is based in the United Kingdom. This multinational conglomerate is helmed by four siblings, who are considered extremely close to one another. Interests range from lubricants and trucks to cable television and banking. They also own considerable real estate in London.

14. Tsai (Wan-Tsai) family

Tsai Wan-tsai family
                             Tsai Wan-tsai was a Taiwanese banker. He was the founder of Fubon Group.

The owners of Cathay Financial in Taiwan have a net worth of $17.7 B. Brothers Wan-Tsai and Wan-Lin founded Cathay Insurance in 1962 and parted ways in 1979. Wan Lin went with Cathay and Wan-Tsai took Fubon. Cathay Financial is Taiwan’s biggest money lender, and a third generation is running Fubon Sports and Entertainment.

15. Mittal family

Lakshmi Mittal CEO of ArcelorMittal
Lakshmi Niwas Mittal is an Indian steel magnate and Zamindar, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company.

At a net worth of $17.2 B, the Mittals are owners of ArcelorMittal in India. The group is the biggest steelmakers in the world, having acquired Italy’s steel group Ilva for $2.1 B last year. Mohan Lal was the patriarch of the family who started the business in 1950. Lakshmi Mittal, his son, fell out with his siblings and founded Mittal Steel, merging with Arcelor in 2006.

16. Kuok family

Robert Kuok Hock Nien
Robert Kuok Hock Nien is a Malaysian business magnate and investor. According to Forbes, his net worth is estimated at $14.8 billion in March 2018, making him the wealthiest person in Malaysia.

The Kuok Group in Malaysia has a net worth of $16.6 B. Robert Kuok was the founder of this group in 1949 as a commodities trader. The group today owns the luxury hotel chain Shangri-La, and is also the largest operator of offshore oil and gas exploration vessels, named PACC Offshore Services Holdings. They also have stakes in palm oil big player Wilmar International.

17. Mistry family

Cyrus Pallonji Mistry
Cyrus Pallonji Mistry is an Irish businessman of Indian origin who was the chairman of Tata Group, an Indian business conglomerate, between 2012 and 2016.

Based in India, at a net worth of $16.1 B, they own Shapoorji Pallonji Group. The business is 152 years old and was founded in 1865 as Littlewood Pallonji & Co. Shapoorji also has stakes in the $100 B revenue generating Tata Sons.

18. Chung family

chung mong koo CEO hyundai
Chung Mong-Koo is a South Korean business magnate who is the chairman and CEO of Hyundai Motor Group.

They have a net worth of 14.8B and are the majority stakeholders of South Korean auto giants Hyundai. Most of the family fortune is in the hands of Hyundai Motor chairman Chung Mog-Koo and his only son Eui-Sun.

19. Saji family

nobutada saji chief executive Suntory ltd
Nobutada Saji is a Japanese businessman, chief executive of Suntory Ltd, Japan’s fourth-largest brewer, and food manufacturer.

The family, based in Japan has a net worth of $14.2 B, and are the owners of Suntory. The family started early, in 1899 when Shinjiro Torii began production of western style liquors. Keizo Saji, his son was aggressive and transformed Suntory into a multibillion-dollar company with diverse interests.

20. Birla family

kumar Mangalam Birla chairman aditya birla group
Kumar Mangalam Birla is an Indian industrialist and the chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India.

Pegged at a net worth of $14.1 B, this family in India is a big commodities player. Kumar Birla is the chairman of the Birla Group having interests in aluminum, cement financial services, and telecom. He is succeeded by his father Aditya Birla and his grandfather Ghanshyam Das Birla, who set the ball rolling with opening a jute mill. 

21. Godrej family

adi godrej chairman godrej group
The Godrej family is an Indian Gujarati-speaking Zororastrian Parsi family that manages and largely owns the Godrej Group.

Owners of the Godrej Group, this Indian family has a net worth of $14.1B and has been in business for over 121 years. The Godrej Group has revenues of $4.5 B, and their key companies are Godrej Consumer Products and Godrej Properties. Their biggest asset is huge parcels of land in Mumbai.

This is the list of only 21 out of “Top 50 Richest Families in Asia“. Next Families are coming soon.


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