India's Ambani family tops Forbes list of Asia's richest families

Remigio Civitarese
Novembre 15, 2017

India's Ambani family topped the list for the first time with a net worth of US$44.8 billion, followed by South Korea's Lee family, whose wealth soared from US$11.2 billion to US$40.8 billion this year.

India's Ambani family's net worth rose by RM79.5 billion as shares in Mukesh Ambani's conglomerate, Reliance Industries, soared in the past year due to better refining margins and the demand produced by its telecoms arm, Reliance Jio.

"The cascading wealth of Asia's very richest active tycoons is reshaping the ranks of even this legacy-driven list".

The collective wealth of Asia's 50 richest families on the list is worth a record US$699 billion, up 35% from previous year.

It was noted that the collective wealth of Asia's 50 richest families on the list are worth a record US$699 billion, up 35% from past year. Because of India's size, the Ambanis can never be as dominant there as Samsung's Lees have been in Korea.

"But, with Mukesh's next generation establishing a presence in the Reliance Jio telco operations, this story could play out for years", he said in a statement today.

Hong Kong's Kwok family, Asia's richest real estate family which controls Sun Hung Kai Properties, ranks No. 3 this year with a net wealth of $40.4 billion.

The Chearavanont family, whose CP group is Thailand's largest private company, takes fourth with a net worth of US$36.6 billion, up almost $9 billion to its wealth listed previous year, partly due to a surge in the value of its holding in Chinese insurer Ping An. Mukesh Ambani's younger brother Anil runs Reliance Communications.

The richest family in Asia, with an astonishing bank balance of $US44.8 billion (THB1,479.7 billion) goes to the Ambani family in India, who owns Reliance Industries.

The Yoovidhya family, of Red Bull energy drink fame, is a newcomer to the list this year, in position 22, with total wealth of $13.1 billion. - EPA pic, November 15, 2017.

Private companies were valued based on similar companies that are publicly traded.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE