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July 17, 2024

Top 10 richest people in Asia in 2024

Top 10 richest people in Asia in 2024

Asia is home to some of the globe’s richest people, with fortunes built across a wide spectrum of industries, including technology, telecommunications, real estate, and e-commerce.

This article gives you a summary of the wealthiest people in Asia for 2024, according to Forbes India.

Mukesh Ambani (India, $113.5 billion)

Mukesh Ambani chairs and manages Reliance Industries Limited, India’s most valuable company by market value, which operates in refining, petrochemicals, retail, and telecommunications. Forbes has consistently named Ambani as India’s wealthiest individual for the last decade.

Gautam Adani (India, $85.7 billion)

Gautam Adani leads the Adani Group, a $81 billion conglomerate involved in ports, airports, energy, and green projects. Since beginning as a trading firm in 1988, he has become one of Asia’s wealthiest individuals.

Adani has demonstrated his expertise as India’s leading airport operator and manager of Gujarat’s major Mundra Port. His strategic purchase of Holcim’s Indian assets in 2022 also elevated him to the position of India’s second-largest cement producer.

Prajogo Pangestu (Indonesia, $61.8 billion)

Prajogo Pangestu, Indonesia’s wealthiest individual, made his fortune primarily in energy and petrochemicals. Starting with timber, his company, PT Barito Pacific, has expanded significantly into Indonesia’s plastics manufacturing, mining, and energy sectors.

Pangestu’s wealth surged in 2023 with the initial public offerings of his companies, Petrindo Jaya Kreasi and Barito Renewables Energy, marking their entry into the stock market.

Zhong Shanshan (China, $59.3 billion)

Zhong Shanshan, the founder of Nongfu Spring, a prominent bottled water company, is Asia’s third-richest person and the wealthiest in China. Nongfu Spring has grown to become one of China’s largest beverage companies, offering a wide array of products, including water, juice, and tea.

Colin Zheng Huang (China, $50.7 billion)

Colin Huang, the founder of PDD Holdings (formerly Pinduoduo), a major Chinese e-commerce giant, still holds a substantial ownership stake of around 28% in the company despite stepping down as chairman. He has expanded his interests into online gaming with Xinyoudi and launched another e-commerce platform, Ouku.com.

Zhang Yiming (China, $43.4 billion)

Zhang Yiming, the visionary behind the Chinese tech giant ByteDance, is most renowned for creating the immensely popular app TikTok, which boasts over 1 billion users globally. As of March 2023, he holds a two percent stake in ByteDance.

However, uncertainty looms over its value due to potential US bans on TikTok, following recent legislative actions granting the US government authority to pursue such measures. Apart from TikTok’s fame, ByteDance is involved in various sectors, including news, education, and gaming.

Savitri Jindal & family (India, $41.2 billion)

Savitri Jindal, widow of founder Om Prakash Jindal, now chairs the Jindal Group, which encompasses steel, power, cement, and infrastructure sectors. Following OP Jindal’s passing, the group’s companies were divided among their sons and now operate independently.

Her son Sajjan Jindal, based in Mumbai, oversees the group’s most significant assets. Savitri Jindal not only ranks among Asia’s wealthiest individuals but also holds the distinction of being India’s richest woman. She continues her late husband’s legacy of community support through contributions to education, healthcare, and other sectors.

Ma Huateng (China, $40.4 billion)

Ma Huateng, also known as Pony Ma, founded and chairs Tencent Holdings, a leading Chinese technology company. Beginning his career in the tech industry, Ma established Tencent in 1998. The company is renowned for its expertise in social media, e-commerce, and gaming.

Tadashi Yanai and Family (Japan, $36.8 billion)

Tadashi Yanai is the founder and chairman of Fast Retailing, a prominent clothing company headquartered in Tokyo that owns Uniqlo stores. Fast Retailing also controls other brands such as Theory, Helmut Lang, J Brand, and GU. Uniqlo, its primary brand, operates over 2,400 stores in 25 countries, solidifying Tadashi’s position among Asia’s top 10 richest individuals.

Li Ka-shing (Hong Kong, $35.4 billion)

At the age of 21 in 1950, Li Ka-Shing launched Cheung Kong Plastics with $6,500 saved and borrowed from relatives, named after a river. His philanthropic efforts through the Li Ka Shing Foundation have been substantial, donating over $3.8 billion to various causes, particularly in Greater China.

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