Ambanis are Asia’s richest; family’s net worth will leave you surprised

New Delhi: Mukesh Ambani, Chairman of Reliance Industries Ltd. (RIL) who recently grabbed the spot in the list of top five richest persons in the world managed to expand his business so much that the net worth of his family has become $76 billion.

A ranking of Asia’s richest families published by Bloomberg in November 2020 has revealed that Mukesh Ambani’s family is now twice as wealthy as the second richest family of Asia.

As per the Bloomberg Billionaires Index ranking of the 20 richest dynasties in Asia, the Ambani family is two times wealthier than Asia’s second-richest family – the Kwoks of Hong Kong (with a net wealth of $33 billion) and three times richer than South Korea’s Lee family. In fact, the Ambanis’ fortune equal five times the net worth of Japan’s Torii and Saji family.

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During the pandemic, many billionaires across the world suffered losses whereas, Ambanis managed to keep the title of Asia’s richest family.

Recently, Mukesh Ambani raised capital for Jio Platforms and Reliance Retail Ventures Limited.

It is worth mentioning that the total valuation of the top 20 richest families in Asia is $463 billion, with the Ambani family positioned on top.

It may be mentioned that the list excluded first-generation wealth.

Apart from Ambanis, two more Indian families are on the list. Mistry family is at eighth position whereas the Hinduja family holds 16th spot.

According to Bloomberg, following is the list of top 10 richest families of the Asia.

  1. Ambani ($76 billion)
  2. Kwok ($33 billion)
  3. Chearavanont ($31.7 billion)
  4. Hartono ($31.3 billion)
  5. Lee ($26.6 billion)
  6. Yoovidhya ($24.2 billion)
  7. Cheng ($22.6 billion)
  8. Mistry ($22.0 billion)
  9. Pao/Woo ($20.2 billion)
  10. Sy ($19.7 billion)

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