Thanks for joining us today as we focus on Asia’s richest people. The Asian continent is home to numerous industrialist who have made a large fortune by owning huge businesses and organizations through which they rake in millions of dollars in almost every hour. As such, we have decided to carve out the Richest People in Asia. Our list comprises of billionaires from various countries in Asia. Therefore, journey with us as we unveil to you the 10 richest people in Asia.
TOP 10 RICHEST PEOPLE IN ASIA 2020
Asia is home to some of the wealthiest people in the world which is distributed as follows: Mainland China (308), India (113), Hong Kong (71), Taiwan (36) South Korea (28) and Japan (26). Among the groups above we have outlined 10 people who are the wealthiest in the Asian continent. Take a quick preview below.
- Mukesh Ambani
- Ma Hueteng
- Jack Ma
- Hui Ka Yan
- He Xiangjian
- Li-Ka Shing
- Lee Shau-Kee
- Tadashi Yanai
- Wang Wei
- Yang Huiyan
There is a quick preview of the richest people in Asia. We have provided more discourse about each billionaire below including their worth and businesses. read through to learn all you can.
- #1. Mukesh Ambani
- Net Worth: $77.4 billion
- Nationality: India
- Source of Earning: Reliance Industries
Mukesh Ambani opens the curtain of our discussion seating atop our list of Richest People in Asia with a net worth of over $70 billion. Ambani is the chairman and managing director of Reliance Industries Ltd been the largest shareholder owning about 45% shares in the company. The company is involved in businesses including refining, oil & gas, petrochemicals, telecom, retail and media. More so, the Indian billionaire business magnate is one of the Richest People in the World at the top 10 making him the only Asian billionaire within the range.
- #2. Ma Hueteng
- Net Worth: $60 billion
- Nationality: China
- Source of Earning: Tencent
Taking us further in our discourse is Ma Hueteng, a Chinese business magnate, investor, politician. He is the chairman and CEO as well as the brain behind, Tencent, one of the largest Internet and technology companies, also the biggest investment, gaming and entertainment corporations in the world. The company controls the largest portion of China’s mobile instant messaging service. The company has expanded with subsidiaries providing services such as media, entertainment, payment systems, smartphones, internet-related services, value-added services and online advertising services, both in locally in China and worldwide. With a net worth of over $60 million, Ma Heuteng is also one of the Richest People in the World
- #3. Jack Ma
- Net Worth: $48.2 billion
- Nationality: China
- Source of Earning: Alibaba Group
Jack Ma is a popular a Chinese business magnate, investor and philanthropist that is gradually gaining more grounds as among the Richest People in the World with an increase in revenue almost every year. Ma is a co-founder of Alibaba Group, a multinational technology conglomerate. Despite the fact that he stepped down as the Executive Chairman of Alibaba Group in 2009, he still continues to make more money because of his stake in Alibaba, including his many other ventures, making him the richest man in China.
- #4. Hui Ka Yan
- Net Worth: $35 billion
- Nationality: China
- Source of Earning: Evergrande Group
Taking us further in our discourse is yet another Chinese billionaire, Hui Ka Yan who used to be the richest man in Asia until the 3 people above relegated him to the fourth spot, however he is still one of the Richest People in the World. Hui is a Chinese billionaire businessman, chairman and CEO of Evergrande Group, a Chinese real estate developer. More so, he holds the largest shareholder of China Evergrande Group. The company has more than 700 projects in over 240 cities in China including Beijing, Shanghai, Guangzhou and Shenzhen.
- #5. He Xiangjian
- Net Worth: $29.5 billion
- Nationality: China
- Source of Earning: Midea Group
He Xiangjian is a Chinese businessman billionaire who co-founder Midea, one of the largest appliances producing companies in China. With a net worth that’s over $29 billion, Xiangjian is one of the Richest People in the World. He began the company in 1968 when he led a group of 23 residents from Beijiao in Guangdong Province to form a lid production workshop which eventually became Midea. The company presently has over 200 subsidiaries, including Germany-based robotics firm Kuka. He eventually stepped down in 2012 but continue to rake in more money from several investment and stakes.
- #6. Li-Ka Shing
- Net Worth: $29.4 billion
- Nationality: China, Canada, UK
- Source of Earning: Li Ka Shing Foundation
Li-ka Shing is not left out on our list of Richest People in Asia coming in at the sixth spot. Also, Shing is the richest man in Hong Kong. The business magnate, philanthropist, and investor began building his fortune at age 21 when he began the Cheung Kong plastics in 1950 with $6,500. He soon grew to become the chairman of CK Hutchison Holdings and CK Asset Holdings, making him one of the leading port investors, develop and operator worldwide. The company is presently headed by his son. Nonetheless, Li still makes more money with investments and stakes worldwide.
- #7. Lee Shau-Kee
- Net Worth: $28.1 billion
- Nationality: Hong Kong
- Source of Earning: Henderson Development
Lee Shau-kee is a Hong Kong business tycoon and investor who majors in real estate. He is the majority owner of Henderson Development. Henderson Development is a property company involved in properties, hotels, restaurants and internet services. A man who rose from a humble background and poor family where it is hard to afford daily meal did not allow his frail foundation to hold him down but has fought real hard to build a fortune for himself earning him the eight spot among the Richest People in Asia with a net worth of $28.1 billion.
- #8. Tadashi Yanai
- Net Worth: $27.2 billion
- Nationality: Japan
- Source of Earning: Fast Retailing
Almost nearing the end of our discourse at the eight spot comes the Japanese billionaire businessman, Tadashi Yanai, the founder and president of Fast Retailing, the parent company of Uniqlo. Yanai is the founder and largest shareholder of fast Retailing which is considered to be the largest the largest clothing retailer in Asia. More so, the clothing line has a global presence with about 2,100 stores established around the world.
- #9. Wang Wei
- Net Worth: $25 billion
- Nationality: China
- Source of Earning: SF Express
Wang Wei brings us a step closer to the end of our discourse coming in at the ninth spot on our list. Wei is a Chinese billionaire businessman, chairman and founder of SF Holding, also known as SF Express, a Chinese delivery services company. The package delivery service company fondly called “Fedex of China” took its services to a new level when it obtained China’s first license for drone deliveries in 2018. Wei holds the largest share in this company with over 60% stakes. The company has evolved to become the second largest courier in China, China Post is the largest courier service in the country.
- #10. Yang Huiyan
- Net Worth: $20. 6 Billion
- Nationality: China
- Source of Earning: Country Garden Holdings
Bringing us to the end of our count down is the first and only female on our list of Richest People in Asia coming in at the tenth spot is Yang Huiyan with a net worth of $20.6 Billion. Huiyan is a Chinese entrepreneur/investor, and majority shareholder of Country Garden Holdings. She attained this fit after her father, Yeung Kwok Keung transferred his stake to her in 2007, making her the richest woman in Asia. The stake is worth 70% of the company. In addition, Yang is the chairperson of Bright Scholar Education Holdings, a Chinese education company that provides bilingual, kindergarten, training, and other educational programs and services.
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Conclusion on Top 10 Richest People in Asia 2020
I believe you had fun reading through the article learning about the richest people in Asia presently. Majority of the richest people in our article are Chinese showing the dominancy of China in the Asian continent. We can say it is not a surprise as china has risen the ladder of industrialization and even referred to as the world’s manufacturing hub. Well, who knows, there may be new faces next time in this article as new contenders are rising up daily.
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