The Top 10 Richest People in Asia in 2024

Asia continues to be home to some of the world’s most influential and wealthy individuals. In 2024, the list of the top 10 richest people in Asia showcases the immense economic power concentrated in the hands of a few who have made significant contributions to their respective industries. Here’s an in-depth look at the updated list of these financial titans:

Who are the richest people in Asia in 2024?

1. Mukesh Ambani – India ($113.3 Billion)

Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, retains his position as the richest person in Asia. Under his leadership, Reliance has diversified into various sectors including petrochemicals, refining, oil, telecommunications, and retail. The expansion of Jio, his telecom venture, revolutionized the Indian telecom industry by offering affordable data plans, which significantly boosted his wealth.

2. Gautam Adani – India ($85.6 Billion)

Gautam Adani, the chairman of the Adani Group, has seen his net worth surge due to his extensive involvement in various sectors such as ports, logistics, energy, agriculture, and real estate. The Adani Group’s aggressive expansion into green energy and infrastructure projects has propelled Adani to the second spot on this list.

3. Prajogo Pangestu – Indonesia ($62 Billion)

Prajogo Pangestu, the Indonesian tycoon, primarily made his fortune through his company PT Barito Pacific. Initially focused on timber, Barito Pacific has grown into a major player in the petrochemical industry, producing plastics and chemicals essential for various industries. The company’s public listings have significantly boosted Pangestu’s wealth.

4. Zhong Shanshan – China ($59.8 Billion)

Zhong Shanshan is the founder of Nongfu Spring, a leading bottled water company in China, and the pharmaceutical company Beijing Wantai Biological Pharmacy. His unique journey from construction work and journalism to becoming an entrepreneur highlights his versatility. Despite some fluctuations, his businesses remain highly profitable, ensuring his place among Asia’s wealthiest.

5. Colin Zheng Huang – China ($50.7 Billion)

Colin Zheng Huang is the founder of Pinduoduo, an e-commerce platform that has revolutionized online shopping in China. Pinduoduo’s innovative approach of integrating social media elements into e-commerce has set it apart from traditional platforms. Despite stepping down from an active role, Huang’s significant shareholding keeps him among the richest.

6. Zhang Yiming – China ($43.4 Billion)

Zhang Yiming is best known for creating ByteDance, the parent company of the globally popular app TikTok. Despite regulatory challenges and the threat of bans in various countries, TikTok’s widespread user base and ByteDance’s diversification into other sectors such as news and education apps have sustained Zhang’s substantial wealth.

7. Savitri Jindal & Family – India ($41.4 Billion)

Savitri Jindal chairs the OP Jindal Group, which operates in sectors including steel, power, and infrastructure. Following the death of her husband, OP Jindal, she has managed to grow the business significantly, maintaining its influential position in the Indian industrial landscape. Her philanthropic efforts also add to her esteemed reputation.

8. Ma Huateng – China ($40.7 Billion)

Also known as Pony Ma, Ma Huateng is the co-founder and CEO of Tencent Holdings, one of the largest internet and technology companies in China. Tencent’s portfolio includes popular applications such as WeChat and QQ, as well as substantial investments in gaming and entertainment. His foresight in the digital space keeps him among the wealthiest in Asia.

9. Tadashi Yanai & Family – Japan ($36.8 Billion)

Tadashi Yanai is the chairman and CEO of Fast Retailing, the parent company of Uniqlo. Under his leadership, Uniqlo has become a global brand known for its affordable yet stylish clothing. The company’s expansion into new markets and innovative retail strategies have significantly contributed to Yanai’s wealth.

10. Li Ka-shing – Hong Kong ($35.5 Billion)

Li Ka-shing, often referred to as “Superman” in Hong Kong for his business acumen, has diversified his investments across various sectors including real estate, ports, and telecommunications through his companies CK Hutchison Holdings and CK Asset Holdings. Even in his 90s, Li’s influence and investment decisions continue to impact global markets.

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Source: Forbes