Indians continue to dominate Asia’s wealth charts, demonstrating their business acumen and influence across multiple industries. Bloomberg’s latest list of Asia’s 20 richest families features six Indian families, with the Ambani family topping the charts with a staggering combined fortune of $90.5 billion. The family’s wealth primarily stems from Reliance Industries, a diversified conglomerate with interests in telecommunications, retail, energy, and petrochemicals. Mukesh Ambani, the current head of Reliance, resides in Antilia, a 27-story mansion in Mumbai, which is considered the most expensive private residence in the world.
Trailing behind the Ambanis is Thailand’s Chearavanont family, whose fortune stands at $42.6 billion—less than half of the Ambanis’ wealth. The Chearavanont family owns the Charoen Pokphand Group, which has a strong presence in food, retail, and telecom sectors. The third richest family in Asia is Indonesia’s Hartono family, with a total wealth of $42.2 billion, largely driven by their banking empire, Bank Central Asia, as well as their historical success in the tobacco industry.
India’s Mistry family ranks fourth, with a fortune of $37.5 billion. Their diversified business empire, the Shapoorji Pallonji Group, operates across construction, engineering, and real estate, and they also hold a substantial stake in Tata Group, one of India’s largest and most influential conglomerates.
The Kwok family from Hong Kong, which owns Sun Hung Kai Properties, one of the largest real estate developers in the region, comes in fifth with a net worth of $35.6 billion. Taiwan’s Tsai family follows at sixth place with a fortune of $30.9 billion, largely derived from financial powerhouses Cathay Life Insurance and Fubon Insurance, while also holding assets in telecom and real estate.
The Jindal family, another Indian business powerhouse, secures the seventh spot on the list with a net worth of $28.1 billion. Their OP Jindal Group has vast business interests in steel, energy, cement, and infrastructure. Thailand’s Yoovidhya family ranks eighth with $25.7 billion in wealth, largely thanks to their ownership of TCP Group, the company that markets Red Bull energy drinks worldwide.
India’s Birla family follows in ninth place with a fortune of $23.0 billion. The Aditya Birla Group, one of India’s oldest and most diversified business houses, has investments spanning metals, cement, financial services, textiles, and retail. Completing the top ten is South Korea’s Lee family, which owns Samsung, with a total wealth of $22.7 billion.
Further underscoring India’s growing financial dominance in Asia, the Bajaj and Hinduja families also feature in Bloomberg’s top 20 list. The Bajaj family, known for their leadership in the automobile and financial services sectors, has a net worth of $20.1 billion, while the Hinduja family, with diversified interests across banking, energy, media, and real estate, holds a fortune of $15.2 billion.
This list reaffirms India’s strong presence in the global business landscape, with Indian conglomerates expanding their influence beyond traditional industries and making a mark in finance, technology, retail, and infrastructure. As India’s economy continues to grow, its wealthiest families are likely to consolidate their positions, further reinforcing the country’s role as a major economic powerhouse in Asia.
