Top 10 Richest Person in Asia (2023)

Billionaires have a tremendous impact on global economics, politics, and philanthropy. Every year, numerous billionaires from Asia are highlighted in high-end publications. These billionaires are primarily from Hong Kong, China, and India, while there are also some others from other nations. This article will look at the top ten richest people in Asia. The list is organised according to each person’s net worth.

10 Richest People in Asia

1. Mukesh Ambani

Mukesh Ambani is a corporate tycoon from Mumbai and among the wealthiest people for more than a decade. He serves as RIL’s owner and chairman. He is also the driving force behind the success of several of RIL’s most popular subsidiaries, including Reliance Jio Infocomm Limited (RJIL), Reliance Industrial Infrastructure Limited, Reliance Retail, Reliance Institute of Life Sciences, Reliance Logistics, and Reliance Clinical Research Services.

2. Gautam Adani

Gautam Adani has prospered in his endeavours in coal mining, port management, and renewable energy. His wealth has grown from humble beginnings as a modest commodities trader to an impressive $72.1 billion today. One of the biggest companies in the world that supports India’s infrastructure and long-term economic expansion, The Adani Group, strives to advance with a “nation-first” mindset. In addition, Adani has entered the aviation, data centre, renewable and sustainable energy, and defence industries

3. Zhong Shanshan

Zhong Shanshan has earned riches of USD 68.9 billion as the CEO of Nongfu Spring, a company that produces bottled water and made it public in September 2020. Shanshan’s net worth increased from September 2022, when it was USD 66.9 billion, to rank third in the world and be the richest Asian (INR 5493 billion approx.).

4. Zhang Yiming

Zhang Yiming, one of the top ten wealthiest people in Asia, has been successful in amassing a net worth of USD 54.9 billion. The founder and former CEO of social media behemoth ByteDance, the parent firm of the wildly successful content sharing app TikTok, has already accumulated a huge fortune. The business owns numerous social networking applications.

5. Ma Huateng

Ma Huateng, also called as Pony Ma, is the chairman of Tencent Holdings, the largest internet company in China and one of the most valuable companies in the world. Tencent Group formally offered shares of its music-streaming company, Tencent Music, on the New York Stock Exchange in December 2018, and by the end of September 2022, according to Statista, WeChat had over 1.31 billion monthly active users. Ma is renowned for keeping a low profile while being a well-known person.

6. Zeng Yuqun

Zeng Yuqun, a Chinese entrepreneur, founded Contemporary Amperex Technology (CATL), one of the world’s largest auto-mobile battery manufacturers and suppliers. Zeng launched the firm in 2011, and it is headquartered in Ningde, China. In June 2018, CATL debuted on the Shenzhen Stock Exchange. Zeng now ranks sixth among Asian men in terms of wealth, with a net worth of $40.6 billion.

7. Colin Huang

Huang, the creator of Shanghai-based Pinduoduo, a powerhouse in Chinese e-commerce, has a total net worth of $36.3 billion. In the final quarter of 2021, Pinduoduo, often known as PDD, had an average of 733.4 million active monthly users. Additionally, the business disclosed 2021 sales of USD 14.6 billion.

8. Jack Ma

Jack Ma, a well-known and one of the most successful businessmen, is the co-founder and former executive chairman of the Alibaba Group. Through his commercial pursuits, he has accumulated an estimated fortune of INR 2,874 billion, or USD 35 billion. In 2014, the year that Alibaba Group went public and began trading its shares on the New York Stock Exchange, they raised a record-breaking USD 25 billion. Ma is a shareholder in Huayi Brothers, a significant media and entertainment conglomerate in China.

9. Tadashi Yanai

Yanai is the chairman of Asia’s largest apparel company, Fast Retailing, and has a net worth of USD 31.4 billion. His largest asset is 9983 JP stock (INR 2,579 billion approx.). He is the largest shareholder in the retailer firm, which principally owns Uniqlo. Yanai is one of the wealthiest Asians in the world. He also owns two golf clubs on Maui, the second-largest Hawaiian island.

10. Li Ka-shing

Li is best recognised in the business world as an asset manager and provider of real estate services. He founded the Hong Kong-based CK Hutchison Holdings and CK Asset Holdings. Despite Victor, his son, taking over as chairman of both businesses in May 2018, Li still manages to rank as the tenth-richest Asian in the world with a net worth of USD 29.9 billion. Li’s ownership interests in publicly traded businesses, the most well-known of which is the real estate developer CK Asset, make up the majority of his net wealth. Li owns 34% of CK Asset.

Takeaway

That concludes the list of top 10 richest people in Asia. As Asian nations gain economic clout, its billionaires continue to have a growing influence on global financial regulations. Through sound financial judgement and a string of wise choices, they have held their status. These positions are seldom secure, though, and a large net worth is accompanied by a large amount of volatility. In addition, a net worth analysis can be used to gauge a company’s performance over the past few years and identify the factors that contributed to its success or failure.

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