Top 10 Richest Man in Asia 2024
Asia’s dynamic wealth landscape has consistently drawn global attention with Forbes real-time list of billionaires featuring an impressive mix of personalities. But have you ever wondered who tops this list of the richest people in Asia?
Mukesh Ambani holds the crown as Asia’s wealthiest individual with a net worth of $115.3 billion as at June 2024, which is truly astounding. The list transgresses borders to present different persons from various industries and countries. This article investigates the lives and triumphs of Asia’s richest individuals in 2024, discussing what distinguishes them, as well as where their vast fortunes come from.
List the top 10 richest man in Asia in 2024
- Mukesh Ambani
- Source: Mixed
- Age: 67
- Location: Mumbai, India
- Nationality: Indian
- Net Worth: $115.3 billion
The richest person in Asia is Mukesh Ambani Chairperson and Managing Director Reliance Industries was born on April 19, 1957in Aden Yemen after his father Dhiru bhai Ambani moved to India and founded Reliance Industries here. In 1981,Mukesh joined the company that played a key role in its development especially petrochemicals refining and telecommunication industry.
Ambani ventured into the Indian Premier League (IPL) through buying Mumbai Indians in 2008. Under his leadership, Reliance Industries launched Jio, a telecom and broadband service provider that recorded almost470 million subscribers across India. He recently introduced Jio Financial Services in August to explore new areas for growth. Additionally, a joint venture between Black Rock and Jio Financial Services was announced by July last year; bringing sophisticated investment solutions for Indian investors.
2. Gautam Adani
- Source: Infrastructure commodities self-made
- Age: 62
- Residence: Ahmedabad, India
- Citizenship: Indian
- Net Worth: $86 billion
Gautam Adani founded and chaired Adani Group- a$81 billion business, encompassing ports airports energy and green initiatives. He was born on June 24, 1962 in Ahmedabad, India. Adani commenced his career as a diamond sorter in Mumbai before going back to Gujarat to help manage his brother’s plastics firm.
In 1988, he founded Adani Exports (now known as Adani Enterprises) with a focus on agricultural and power commodities. Over time, he has fortified his business empire through forays into renewable energy, real estate among other sectors. Through strategic purchase of Holcim’s assets in India in 2022, he became the second largest cement producer in the country. Furthermore, Adani is also India’s premier airport operator and majority shareholder of Mundra Port—Gujarat’s biggest port
3. Zhong Shanshan
Source of wealth: Beverages, pharmaceuticals, self-made
Age: 69
Residence: Hangzhou, China
Citizenship: China
Net Worth: $60 billion
Zhong Shanshan is the third richest person in Asia and the richest Chinese alive. He rose to prominence as the brain behind Nongfu Spring, a mineral water company in China. Born in 1954, he had a humble beginning where he worked as a builder and journalist before deciding to venture into soft drink production business. It was not until 1996 that he founded Nongfu Spring which has since grown to be largest juice producing company in China.
In addition, there is also Beijing Wantai Biological Pharmacy owned by Zhong; it manufactures quick-diagnostic tests for COVID-19. His engagements in various activities of both drinks making and medicine field have made him one of the leading figures within Asian commercial sector.
4. Prajogo Pangestu
Source of wealth: PT Barito Pacific
Age: 80
Residence: Jakarta, Indonesia
Citizenship: Indonesia
Net Worth: $53.2 billion
Prajogo Pangestu is an energy and petrochemicals magnate who tops Indonesia’s rich list. Born in 1944, his career began with timber trade before moving on to petrochemicals, plastics manufacture and mining plus coal-fired power generation. PT Barito Pacific has a large market share across these sectors in Indonesia.
Consequently, his fortune grew significantly by 2023 when two firms under his umbrella such as Petrindo Jaya Kreasi and Barito Renewables Energy were listed at stock exchanges throughout world markets as well as local capital market (Financial Times). The fact that he diversifies his businesses into different industries makes him stand out among other tycoons (Celestine Chua).
Colin Zheng Huang
Wealth Source: E-commerce
Age: 44
Residence: Shanghai, China
Citizenship: China
Net Worth: $52.3 billion
In February 2023, PDD Holdings changed its name from Pinduoduo which was a famous Chinese e – commerce organization that Colin Huang founded. During the year of his birth in the year 1980, he started in technology career and eventually came back to China after working for USA Google.
His Pinduoduo start-up has rapidly developed into one of the biggest e-commerce platforms in China since it’s establishment in 2015. Even though he stepped down as chairman some years ago, about twenty-eight percent of company shares are still owned by him. This includes online gaming company Xinyoudi, as well as another e-commerce site Ouku.com.
Zhang Yiming
Wealth Source: TikTok (self-made)
Age: 40
Residence: Beijing, China
Citizenship: China
Net Worth: $43.4 billion.
The founder of ByteDance is Chinese big-tech giant that is commonly known for developing the popular app TikTok-Zhang Yiming. He began his IT career in 1983 and introduced ByteDance in 2012 to social media which has become one of China’s foremost technology firms under him focusing on AI and eCommerce.
Flagship product by ByteDance with over a billion users globally is TikTok but its value faces uncertainty due to potential bans if US finds out anything fishy about it. Beyond Tiktok however ByteDance spans diverse sectors like news education gaming making him an important figure in global tech industry.
Ma Huateng
Source of wealth: Online games
Age: 52
Residence: Shenzhen, China
Citizenship: China
Net Worth: $39.8 billion
Pony Ma, otherwise known as Ma Huateng is the man behind Tencent Holdings. He founded this internet giant in 1998 after starting his career in the technology industry. The firm has grown into a leading tech company in China specializing in social media, e-commerce and gaming.
WeChat that he supervises is a common messaging app accessed by around 1.3 billion users. In global gaming space, Tencent boasts significant stakes on Epic Games and is among the largest video game publishers; thus being another of his ventures like Tesla and Spotify to mention just a few influenced by him through Tencent’s investments. Additionally he has said that Tencent will develop new artificial intelligence (AI) technologies for the larger good of humanity.
Savitri Jindal and Family
Source of wealth: Steel
Age: 74
Residence: Hisar, India
Citizenship: India
Net Worth: $38.5 billion
Tadashi Yanai and Family
Source of wealth: Apparel retailing, self-made
Age: 75 years
Residence: Tokyo, Japan
Citizenship: Japanese citizenship
Net worth: $38.3 billion.
Tadashi Yanai invented Fast Retailing that owns the Uniqlo chain which is a renowned clothing empire listed on the Tokyo exchange. Born in 1949, Yanai commenced his vocation by doing business in retail sector and established Fast Retailing in 1963. The company has hence grown to be one of Japan’s biggest retailers concentrating on fashion and lifestyle products.
Another brands housed within Fast Retailing portfolio include Theory, GU, J Brand, Kenzo, Helmut Lang among others. Its flagship brand is Uniqlo which holds presence through more than 2,400 outlets across 25 countries. As at October 2023, when it opened its first store in Mumbai (India), Uniqlo aims to expand further into India and become another leading brand here.
Li Ka-Shing
Source of wealth: Diversified holdings (self-made)
Age: 96 years old
Residence: Hong Kong
Citizenship status: Hong Kong citizen
Net worth: $36.0 billion.
From an early age at just twenty one he started his journey as one of Asia wealthiest persons with the establishment of Cheung Kong Plastics back in nineteen fifty as a young man called Li Ka-shing moved from mainland China to Hong Kong to escape civil unrest there. With time he diversified his interests expanding his empire into infrastructure development , real estate ,and telecommunication companies.
By stepping down as chairman CK Asset Holdings Limited as well CK Hutchison Holdings Limited (formerly Hutchison Whampoa) in favor of being run by Victor Li who happens to be his eldest son since last year was treated as officially retirement announcement for Mr Li. However, Li Ka-Shing still stands to serve as the Company’s senior adviser. Equally important are his philanthropic donations which has exceeded $3.3 billion in education, health care, and other social causes.
Conclusion
The fortunes these individuals have amassed is proof of their foresight, hard work and ability to navigate changing market dynamics. It will be interesting to look out for developments among these billionaires and potential new members joining them late this year 2024.
