Top 10 Richest People In Asia And Their Net Worth

The world is blessed with a plethora of wealthy individuals who make up 1 percent of the world’s population. Since you are probably wondering about the richest people in Asia, we have compiled a list of the top 10 richest people in Asia and their net worth in this article.

Asia is the largest and most diverse continent on earth. It makes up the eastern half of the massive Eurasian landmass. The usage of the phrase to represent such a huge area always runs the risk of masking the enormous diversity among the regions it contains because it is more of a geographic term than a homogeneous continent.

The continent has the highest and lowest points on Earth’s surface, the longest continent’s coastline, and is generally subject to the most extensive range of climatic extremes.

As a result, Asia supports the planet’s most diverse array of plant and animal life. The people of Asia have also developed the widest range of human adaptations found on any continent. That said, we can not discuss the beauty of this continent without mentioning the richest people in Asia.

By surpassing Mukesh Ambani’s net worth of USD 93.5 billion, Indian business mogul Gautam Adani has overthrown him to become the richest man in Asia, according to the extensive and regularly updated Bloomberg Billionaires Index. Despite that, let’s discuss in detail the top 10 richest people in Asia.

Key Takeaways

• Gautam Adani is the richest man in Asia with a net worth of $148 billion
• He first topped Mukesh Ambani as the richest man in Asia in February
• Asia is the largest and most diverse continent on earth.
• Gautam Adani is the second richest person in the world, flipping Jeff Bezos

Top 10 Richest People In Asia

This is a graphical representation of the top 10 richest people in Asia

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Top 10 Richest People In Asia

The table below contains the name and net worth of the top 10 richest people in Asia.

1. Gautam Adani

Gautam Adani is the richest man in Asia with a net worth of $148 billion. He is an Indian industrialist and philanthropist best known for founding and leading the global conglomerate Adani Group. He also serves as the head of the charitable Adani Foundation.

According to Bloomberg and its Billionaires Index, he is now the third richest person in the world, surpassing LVMH (LVMHF) chairman Bernard Arnault and becoming the first Asian to hold that position.

That’s after a rise this week put him just behind Elon Musk, the CEO of Tesla (TSLA), and Jeff Bezos, the founder of Amazon (AMZN), whose respective fortunes are estimated to be $251 billion and $153 billion.

Adani’s wealth has soared throughout the pandemic, similar to other billionaires around the world.

More than any other person, the Indian businessman grew his wealth by $35.6 billion this year, while Bill Gates’ wealth declined as a result of his increasing philanthropic giving and the declining value of Microsoft shares amid the current negative market.

The Indian millionaire has been moving up the economic ladder, which has previously been dominated by US tech entrepreneurs, thanks to his business, which is centered on the coal, ports, and agricultural industries.

In line with the nation-building objectives put forth by Indian Prime Minister Narendra Modi, he has been rapidly growing his company into renewable energy, airports, data centers, digital services, and media. Gautam Adani is first on our list of the top 10 richest people in Asia.

2. Mukesh Ambani

Mukesh Ambani has a net worth of $93 Billion and he is among the richest people in Asia. He is an Indian businessman. His work at Reliance Industries, a Fortune 500 firm where he serves as chairman, managing director, and largest shareholder, has helped him accumulate his wealth.

The world’s largest oil refinery complex is owned by Reliance Industries, which is under Ambani’s ownership. One of the conglomerate’s other ventures is an Indian 4G wireless network. The professional cricket franchise Mumbai Indians and a home residence worth more than $400 million are also owned by the millionaire.

A 42% ownership share in Reliance Industries, which is publicly listed, accounts for the majority of Ambani’s wealth. According to its website, the Mumbai-based firm has the biggest oil refining plant in the world.

According to a March 2022 filing to the Bombay Stock Exchange, the promoter group, which consists of holding companies, trusts, and family members, owns the shares. All of them are attributed to Ambani in this analysis to reflect his roles as the company’s founder, chairman, and managing director. Mukesh Ambani is second on our list of the top 10 richest people in Asia.

3. Zh0ng Shanshan

Zhong Shanshan has a net worth of $67 billion and he is among the richest people in Asia; he is a Chinese billionaire businessman and founder and chairperson of the Nongfu Spring beverage company and the majority owner of Beijing Wantai Biological Pharmacy Enterprise.

The majority of Zhong’s wealth comes from his 84% ownership of Nongfu Spring, a Chinese company that sells bottled water. Hangzhou is where the company is situated.

In September 2020, the beverage manufacturer went on the Hong Kong stock exchange. According to the company’s 2021 semi-annual report, Zhong controls the interest through investment vehicles Hangzhou Youfu and Yangshengtang.

When Nongfu Spring became public on September 8, 2020, its valuation was updated. This resulted in a $32 billion boost in the net worth estimate. Additionally, Zhong owns a 75% share in the publicly traded Beijing Wantai Pharmacy Enterprise, a Chinese manufacturer of vaccines and hepatitis test kits. Zhong Shanshan is third on our list of the top 10 richest people in Asia.

4. Zhang Yiming

Zhang Yiming has a net worth of $49 billion and he is also among the richest people in Asia. ByteDance, the social media company that created the video-sharing software TikTok, was founded by Zhang.

More so, the news aggregation service Toutiao is also owned by a Beijing-based business. With more than 1 billion users worldwide, ByteDance reported $58 billion in sales in 2021. Zhang left her position as CEO in May 2021.

The source of Zhang’s riches is his ownership of ByteDance, the most valuable startup in the world and a social media network. Globally, the Beijing-based corporation has more than 1 billion monthly users, according to a Bloomberg News report from November 3, 2021. In 2021, it generated $58 billion in income, according to a report from January 20, 2022.

He received his education in software engineering from Tianjin’s Nankai University. After earning his degree in 2005, he began working as an engineer at the travel search engine Kuxun.com. Zhang launched his first company, a real estate search website named 99fang.com, in 2009. Three years after starting the company, he left. Zhang Yiming is fourth on our list of the top 10 richest people in Asia.

5. Robin Zeng

Robin Zeng has a net worth of $37 billion and he is among the richest people in Asia. Zeng is the chairman of Contemporary Amperex Technology Co., the world’s biggest manufacturer of batteries for electric vehicles.

The Chinese corporation, which has its headquarters in Ningde, was established in 2011 and had a revenue of 130 billion yuan ($20.2 billion) in 2021. In June 2018, CATL commenced open market trading on the Shenzhen stock exchange.

Zeng’s 24% ownership of Contemporary Amperex Technology Co., a manufacturer of battery goods, accounts for the majority of his wealth. According to its website, CATL is the biggest provider of electric vehicle batteries worldwide.

According to a May 10, 2022 company filing, he controls the shares via the holding firm Ruiting Investment. His cash investments’ worth is determined by looking at dividends, insider trading, taxes, and market performance. Robin Zeng is fifth on our list of the top 10 richest people in Asia.

6. Li-Ka shing

Li-Ka shing has a net worth of $34 billion and he is one of the richest people in Asia. He is a Hong Kong business magnate, investor, and philanthropist. As of June 2019, Li is the 30th richest person in the world.

The majority of Li Ka- shing fortune comes from his ownership positions in different businesses, notably the Hong Kong conglomerate CK Hutchison Holdings, the Canadian energy firm Husky Energy, and the real estate development company Cheung Kong Property Holdings. CK Hutchison brings in more than $36 billion annually.

In addition, Li is a committed philanthropist who is in charge of the Bill & Melinda Gates Charity, the second-largest private foundation in the world. He restructured his businesses in 2015, and as a result, CK Hutchison and Cheung Kong Property now have a 30% ownership position in him. His other holdings include Hutchison Telecom Hong Kong and Cheung Kong Infrastructure. Li-Ka shing is sixth on our list of the top 10 richest people in Asia.

7. Ma Huateng

Ma Huateng has a net worth of $33 billion and he is one of the richest people in Asia. Ma is the co-founder and CEO of Tencent Holdings, a Chinese company that offers online payment, mobile gaming, and instant messaging services.

The Shenzhen-based business recorded 86.8 billion yuan in revenue for 2021. WeChat, its smartphone messaging program, has around 1.3 billion users. A 7.4% ownership share in Tencent Holdings, a publicly traded instant messaging firm, accounts for the majority of Ma’s wealth.

According to a company presentation, its WeChat application had 1.3 billion users as of March 31, 2022. According to the company’s 2021 annual report, Ma owns his stake through the holding company Advanced Data Services.

His cash investments’ worth is determined by looking at dividends, insider trading, taxes, and market performance. The estimate of net worth does not include gifts, like as the $2.3 billion in Tencent shares that were donated to a charitable foundation in 2016.

Per local media accounts, he also owns property in Hong Kong valued at over $150 million. Ma Huateng is seventh on our list of the top 10 richest people in Asia.

8. Lee Shua Kee

Lee Shua Kee has a net worth of $29 billion and he is among the richest people in Asia. He is a Hong Kong business magnate, investor, and philanthropist. He owns a majority stake in Henderson Land Development, a property conglomerate with holdings in real estate, hotels, restaurants, and internet services. He is a real estate magnate.

The majority owner of Henderson Land Development, a Hong Kong-based company that engages in real estate development, management, and construction, is Lee Shau Kee, who was born in Shunde, Guangdong, China, in 1928.

The third largest developer of homes in Hong Kong is Henderson Land Development. He is the founder, chairman, and managing director of the business. Kee also serves as chairman of Miramar Hotel and Investment and Hong Kong and China Gas Company Limited.

He is a member of The Bank of East Asia Limited and Hong Kong Ferry Limited’s boards of directors. Lee Shua Kee is eighth on our list of the top 10 richest people in Asia.

9. Tadashi Yanai

Tadashi Yanai has a net worth of $29.5 Billion and he is also among the richest people in Asia. He is the founder and president of Fast Retailing, the parent company of Uniqlo.

According to the Bloomberg Billionaires Index, he was the richest person in Japan as of this year with an estimated net worth of $42.0 billion, and the 34th richest person in the world.

Yanai’s ownership of a significant share in Fast Retailing, Uniqlo’s parent company, accounts for the majority of his wealth. According to its website, Fast Retailing is the biggest clothes retailer in Asia with around 2,300 outlets.

According to the website of Fast Retailing, as of February 28, 2022, he, directly and indirectly, owned 45% of the shares. Since he is the company’s founder and chairman, he is given credit for the shares that his wife and two sons currently own.

His cash holdings’ worth is determined by investments, dividends, taxes, and market performance. Tadashi Yanai is ninth on our list of the top 10 richest people in Asia.

10. William Lei Ding

William Lei Ding has a net worth of $27 billion and he is one of the richest people in Asia. Ding Lei, commonly known as William Ding, is the founder and CEO of NetEase and a Chinese business magnate worth $1 billion. In mainland China, Ding made a substantial contribution to the growth of computer networks.

The majority of Ding’s wealth comes from his 44% ownership of the publicly traded online game operator NetEase. According to a corporate presentation, its email system had more than 500 million registered users as of December 2021. According to the 2021 annual report, he controls the shares via Shining Globe International, a company registered in the British Virgin Islands.

Based on an examination of dividends, taxes, market performance, and charitable giving, the worth of his cash investments are determined. William Lei Ding is tenth on our list of the top 10 richest people in Asia.

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Summary

According to the extensive and regularly updated Bloomberg Billionaires Index, which tracks the wealth and profiles of billionaires, Indian business mogul Gautam Adani has surpassed Amazon founder Jeff Bezos to become the second-richest person in the world.

As of September 21, 2022, he was still the wealthiest Asian, with a net worth of USD 150 billion. The amount is almost twice as much as his net worth of $88.5 billion, which he had a little over seven months ago.

Adani has expanded from a modest commodities trading operation into a vast industrial conglomerate that operates in a variety of industries, including mining, renewable energy, electricity, and ports.

His companies place a high priority on strengthening the nation’s infrastructure and fostering its economic development. That said, we hope you enjoy reading about the top 10 richest people in Asia

Top 10 Richest People In Asia

The table below contains the name and net worth of the top 10 richest people in Asia.

FAQs About The Top 10 Richest People In Asia

Here are some frequently asked questions about the top 10 richest people in Asia

Who Is The Richest Man In Asia

Gautam Adani is the richest man in Asia with an estimated net worth of $148 billion. In 2022 alone, Mr. Adani increased his wealth by $60.9 billion, five times more than anyone else.

He first topped Mukesh Ambani as the wealthiest Asian in February before surpassing Bill Gates of Microsoft Corporation as the fourth richest person in the world last month.

According to a Bloomberg story, Mr. Adani (60) has been extending his coal-to-ports conglomerate to sectors like data centers, cement, media, and alumina in recent years.

The largest private sector airport and port operator, city-gas distributor, and coal miner in India are currently owned by the Adani group. Additionally, according to the report, Mr. Adani promised in November to invest $70 billion in renewable energy, making him the greatest producer in the world.