Posted on 27 October 2015.
Forbes magazine released its latest list of Asia’s 50 richest families from 10 Asian countries last week. South Korea’s Lee (Byung-Chull) family, owner of Samsung, emerged as the richest family with a net worth $ 26.6 billion.
To qualify, a family’s wealth and participation in building its fortune has to extend at least three generations. Some of the region’s biggest patriarchal positions, such as the one originated by Hong Kong’s Li Ka-shing, are absent in this inaugural ranking. Though Li’s sons are active in business, no grandchildren have taken on any serious roles.
Let’s take a look at Asia’s top 10 richest families.
No 10 Mistry family
Net worth: $ 14.9 billion
Source of wealth: Shapoorji Pallonji Group
No 9 Hinduja family
Net worth: $ 15 billion
Source of wealth: Hinduja Group
Location: United Kingdom
No 8 Tsai (Wan-Tsai) family
Net worth: $ 15.1 billion
Source of wealth: Cathay Financial
Location: China’s Taiwan
No 7 Premji family
Net worth: $ 17 billion
Source of wealth: Wipro
Location: India
No 6 Kwek / Quek family
Net worth: $ 18.9 billion
Source of wealth: Hong Leong Group
Members: Kwek Leng Beng, Quek Leng Chan
No 5 Kwok family
Net worth: $ 19.5 billion
Source of wealth: Sun Hung Kai & Co
Location: China’s Taiwan
No 4 Chearavanont family
Net worth: $ 19.9 billion
Source of wealth: Charoen Pokphand (CP) Group
Location: Thailand
No 3 Ambani family
Net worth: $ 21.5 billion
Source of wealth: Reliance Group
Location: India
No 2 Lee (Shau-kee) family
Net worth: $ 24.1 billion
Source of wealth: Henderson Development
Location: China’s Hong Kong
No 1 Lee (Byung-Chull) family
Net worth: $ 26.6 billion
Source of wealth: Samsung
Location: South Korea
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