10 Crazy Rich Asian Billionaires To Keep On Your Radar
As of February 8, 2022, the following list of individuals represents the richest of the rich in Asia.
According to the Bloomberg Billionaires Index, which is a comprehensive and daily updated registry of billionaires tracking their profiles and wealth, Indian business tycoon Gautam Adani dethroned Mukesh Ambani to become the richest Asian by reaching a net worth of US$88.5 billion, as of February 8, 2022. Adani has transformed a small commodity trading company into an industrial business empire across all sectors including mining, sustainable energy, l electricity and ports. His companies prioritize infrastructure and nation building to drive India’s economic growth.
Top 10 Richest Asians:
The 59-year-old Adani Group founder has become Asia’s richest Indian billionaire. The industrial magnate has found success through his activities in coal mining, port operations and green energy. From humble beginnings as a small-time commodity trader, his fortune now stands at US$88.5 billion, making him the 10th richest person in the world.
The Adani Group aims to move forward with a “nation first” philosophy, committing to work for India’s long-term infrastructure and economic growth. Adani is now venturing into airports, sustainable and renewable energy, data centers and defense sectors.
Mukesh Ambani’s father, the late Dhirubhai Ambani, had a humble start to his career working as a yarn trader in the 1960s. He then established Reliance Industries, which started as a small textile manufacturing business in 1966. The huge Reliance Industries empire is now headed by Ambani, who has always maintained a top position on the list of the richest people in India.
With multinationals in various sectors like petrochemicals, oil and gas, telecommunications and retail, Ambani’s net worth now stands at $87.9 billion.
As the head of Nongfu Spring, a bottled water company, which went public in September 2020, Zhong Shanshan amassed wealth worth $75.1 billion.
Zhong was born in Hangzhou, China, and dropped out of school when he was young, due to that country’s tumultuous cultural revolution. Before going freelance, he held various jobs as a construction worker, salesman and journalist.
Besides Nongfu Spring, Zhong also runs the Wantai Organic Pharmacy in Beijing, which went public in April 2020.
Chinese entrepreneur Zeng Yuqun is the founder of Contemporary Amperex Technology (CATL), one of the world’s largest automotive battery manufacturers and suppliers. The company is based in Ningde, China, and was founded in 2011 by Yuqun.
Overtaking tech giant and Alibaba founder Jack Ma, Zeng Yuqun is now one of the richest people in Asia, with a net worth of $52.3 billion. CATL went public on the Shenzhen Stock Exchange in June 2018.
Also known as Pony Ma, Ma Huateng is the chairman of Chinese internet giant Tencent Holdings, one of the country’s most valuable companies.
Boasting over one billion users on popular social messaging app WeChat, Tencent Group also listed shares of its music streaming subsidiary, Tencent Music, on the New York Stock Exchange in December 2018.
Ma co-founded Tencent in 1998 and now has a net worth of US$48.8 billion.
Ranking just below Ma Huateng, Zhang Yiming takes the title of one of Asia’s top ten billionaires, with a net worth of $44.5 billion.
Born in 1983 in the Chinese province of Fujian, Zhang graduated in software engineering in 2005 from Nankai University and worked for Microsoft early in his career.
The 38-year-old founder and former CEO of social media giant ByteDance, which is the parent company of ultra-popular video-sharing social media app TikTok, has now amassed a huge fortune. The company owns many social media applications.
Zhang stepped down as CEO of ByteDance in May 2021, and his plans include contributing as a corporate advisor while developing long-term strategies.
Next on the list is one of the most enterprising and well-known entrepreneurs, the founder and former Executive Chairman of the Alibaba Group, Jack Ma. He has amassed a fortune of US$37.9 billion through his business ventures. .
Jack Ma co-founded e-commerce giant Alibaba and is an investor in Huayi Brothers, a huge Chinese media and entertainment company. Alibaba Group went public and began trading its shares on the New York Stock Exchange in 2014, during which it raised a US record$25 billion.
Born on July 24, 1945, Azim Premji is a famous Indian businessman and tech tycoon. Premji’s family had to brave the Indo-Pakistan partition, during which they chose to stay in India. Years later, Azim sacrificed the coveted Stanford University undergraduate degree in engineering in 1966 and returned to India to join the family cooking oil business when his father passed away. Ten years later, he renamed the company Wipro and started focusing on the computer industry after IBM was asked to leave India in 1979.
He is the founder and chairman of Wipro Limited, an American company$8.7 billion (in revenue) software service provider in the country. His current wealth is in the United States$33.8 billion
Wipro is a highly regarded multinational conglomerate, providing innovative strategies, technology and business consulting services in the software industry and sectors such as consumer packaged goods, lighting and information technology. Premji’s son, Rishad, took over as executive chairman of Wipro in July 2019.
With a net worth of US$31.9 billion, William Ding, CEO of NetEase, is one of the richest billionaires in Asia.
Founded in 1997 by Ding, with Microsoft and Blizzard Entertainment as parent companies, NetEase Games is an Internet technology giant that brings self-developed PC and mobile client games to users around the world.
NetEase Games focuses on content, community, communications and e-commerce. Ding was a student at the University of Electronic Science and Technology of China and earned a bachelor’s degree in communication technology. In 2003, he was once the richest person in China, thanks to his activities on the Internet and in games.
The 79-year-old entrepreneur He Xiangjian is the co-founder of Midea Group, which is one of the world’s largest home appliance manufacturing companies.
Midea Group is now a parent company of more than 200 global companies, which is incredible considering that it started with a modest lid production workshop, with only 23 local Chinese working under it. This small business then grew into the billion dollar business it is today.
The state-owned company has been trading its shares on the Shenzhen Stock Exchange since 2013. Xiangjian retired and passed the reins of the company to his son He Jianfeng in 2012. His net worth stands at $31.6 billion. Americans, making his company one of the most important. Asia’s leading companies serving the consumer market.
(NOTE: The net worth of the billionaires mentioned above is based on the Bloomberg Billionaires Indexto February 8, 2022)