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Top 50 Richest Families in Asia 2023

Richest Families in Asia 2023

The list of top richest families in Asia keeps on changing every year as the businesses goes up or get downfall. As of 2023, the Ambani Family, as reported by Forbes magazine, possesses an estimated net worth of $90.7 billion, making them the wealthiest family in Asia. Meanwhile, the Walton family holds the global distinction of being the richest family with a total net worth of $243 billion in 2023.

The Hong Kong-based Kwok family is currently the second richest family in the area, but the Ambani family has more than double their wealth. The Lee family, who run Samsung in South Korea, has wealth assessed at $40.4 billion by the Bloomberg Index, making the Ambani family’s worth three times bigger than theirs. Here we have listed the top 50 richest families in Asia 2023.

Table of Content

  1. Ambani family: US$80 Billion
  2. Kwok family: US$40.4 Billion
  3. Hartono family: US$38.8 Billion
  4. Kuok family: US$38 Billion
  5. Chearavanont family: US$36.6 Billion
  6. R. Budi & Michael Hartono: US$30 Billion
  7. Lee (Byung-Chull) family: US$29.6 Billion
  8. Henry Cheng: US$28.9 Billion
  9. Mistry family: US$28.4 Billion
  10. Chirathivat family: US$28.2 Billion
  11. Lee (Shau Kee) family: US$27.6 Billion
  12. Yoovidhya family: US$27.4 Billion         
  13. Pao family: US$22.6 Billion
  14. Tsai (Wan-Tsai) family: US$21.4 Billion
  15. Kwek / Quek family: US$18.5 Billion
  16. Jindal family: US$18.3 Billion
  17. Lee Man Tat: US$17.9 Billion
  18. Sy family: US$17.2 Billion
  19. Hinduja family: US$15.2 Billion
  20. Chung family: US$14.8 Billion
  21. Bajaj family: US$14.6 Billion
  22. Mittal family: US$14.5 Billion
  23. Godrej family: US$13.9 Billion
  24. Ng family: US$13.4 Billion
  25. Birla family: US$13.2 Billion
  26. Kushal Pal Singh: US$11.1 Billion
  27. Saji family: US$10.3 Billion         
  28. Widjaja family: US$9.7 Billion
  29. Burman family: US$9.6 Billion
  30. Salim family: US$7.5 Billion
  31. Bangur family: US$7.3 Billion
  32. Khoo family: US$6.9 Billion
  33. Lohia family: US$6.6 Billion
  34. Lal family: US$6.6 Billion
  35. Law family: US$6.5 Billion
  36. Wee family: US$6.25 Billion
  37. Kadoorie family: US$6.2 Billion
  38. Tsai (Eng-Meng) family: US$6.1 Billion
  39. Patel family: US$5.7 Billion
  40. Kwee family: US$5.6 Billion
  41. Premji family: US$4.5 Billion
  42. Wadia family: US$4.4 Billion
  43. Tung Chee Hwa & Chee Chen: US$3.6 Billion
  44. Munjal family: US$3.55 Billion
  45. Piramal family: US$3.5 Billion
  46. Mori family: US$2.7 Billion
  47. Sehgal family: US$2 Billion
  48. Koo Family (LG): US$1.9 Billion
  49. Chey family: US$1.5 Billion
  50. Lo family: US$1.5 Billion

List of Top 50 Richest Families in Asia 2023 With Net Worth

Continue reading the article to know about the top 50 richest families in Asia 2023, along with their net worth, in detail.

1. Ambani family

US$80 Billion

Ambani family - richest families in Asia

With a net worth of $80 B, the Ambani family from India’s head this list. Contributing factors were the high price of shares in Mukesh Ambani’s conglomerate Reliance Industries, along with the high demand of the telecom wing, Reliance Jio. One of the richest families in Asia.

Younger brother Anil Ambani owns substantial margins in Reliance Communications, and the two are proud torchbearers of the entrepreneurial tradition laid down by their late father, Dhirubhai Ambani, who started Reliance Textile industries with the popular Vimal textile brand.

2. Kwok family

US$40.4 Billion

Kwok family - richest families in Asia

Hailing from Hong Kong, the owners of Sun Hung Kai Properties are headed by Raymond Kwok, and has a net worth of $40,4 B. Previously, this development company was helmed by Raymond’s Elder brother Thomas Kwok, who got embroiled in a corruption case and was imprisoned.

Despite legal setbacks, the group is running strong, with expansions into China where almost 60% of its properties are situated. One of the richest families in Asia.

3. Hartono family

US$38.8 Billion

Hartono family - richest families in Asia

The Hartono brothers, R. Budi and Michael, have accumulated a sizeable fortune chiefly from their involvement with Bank Central Asia. Their father developed Djarum, a producer of kretek cigarettes, which served as the cornerstone of their family’s income.

Victor, Budi’s son, is currently in charge of running the business. The Salims, a wealthy family, gave up control of BCA after the Asian economic crisis of 1997–1998; this gave the Hartonos the chance to buy a part in the bank. The family also owns holdings in a number of other properties in addition to their investments in BCA.

4. Kuok family

US$38 Billion

Kuok family - richest families in Asia

The Kuok Group in Malaysia has a net worth of $16.6 B. Robert Kuok was the founder of this group in 1949 as a commodities trader. The group today owns the luxury hotel chain Shangri-La, and is also the largest operator of offshore oil and gas exploration vessels, named PACC Offshore Services Holdings.

They also have stakes in palm oil big player Wilmar International. One of the richest families in Asia.

5. Chearavanont family

US$36.6 Billion

Chearavanont family - richest families in Asia

They have a net worth of $36.6 B and head the Charoen Pokphand (CP) Group in Thailand. Their business in animal feed and livestock is one of the world’s largest and goes back as far back as 1921 when siblings Chia Ek Chor and Choncharoen Chiaravanont opened a shop by selling farmers seeds for their crops.

Chia Ek Chor’s eldest son Dhanin was the head of the group until last year when he crowned his eldest son Soopakij as Chairperson. One of the richest families in Asia.

6. R. Budi & Michael Hartono

US$30 Billion

R. Budi & Michael Hartono - richest families in Asia

Pegging in with a net worth of $30 B, this Indonesian conglomerate of the Hartono brothers derive more than two-thirds of their vast fortune from investments in Bank Central Asia. One of the richest families in Asia.

The family fortune started aggregating from kretek cigarette maker Djarum, which their father started, and is now looked after by Budi’s eldest son Victor. They also have considerable holdings in Polytron and real estate.

7. Lee (Byung-Chull) family

US$29.6 Billion

Lee (Byung-Chull) family - richest families in Asia

Hailing from South Korea, with a net worth of $29.6 B, the family derives roughly 45% of its wealth from Samsung Electronics. The chairman of the group is Lee Kun-Hee, and his heir Jay.Y.Lee was sentenced to 5 years in prison for complicity in the ousting of the former president of the country.

Samsung is the world’s largest smartphone and television manufacturer, and associated businesses rake in excess of $300 billion on an annual basis from electronics, food, paper, and entertainment. One of the richest families in Asia.

8. Henry Cheng

US$28.9 Billion

Henry Cheng - richest families in Asia

Hong Kong residents, with a net worth of $28.9 B they are the owners of Chow Tai Fook, an international jewelry brand name. The patriarch, Cheng Yu-tung passed away 2 years ago after handing the reins of Chow Tai Fook and conglomerate New World to son Henry in the capacity of chairman and executive director.

The top pend Rosewood Hotels was acquired by Henry’s daughter Sonia, who looks after hospitality. From casinos to communications, this family has a wide range of interests. One of the richest families in Asia.

9. Mistry family

US$28.4 Billion

Mistry family - richest families in Asia

Based in India, at a net worth of $28.4 B, they own Shapoorji Pallonji Group. The business is 152 years old and was founded in 1865 as Littlewood Pallonji & Co. Shapoorji also has stakes in the $100 B revenue generating Tata Sons.

Between 2012 and 2016, Cyrus Pallonji Mistry, an Irish businessman with Indian ancestry, served as chairman of the Indian conglomerate Tata Group. One of the richest families in Asia.

10. Chirathivat family

US$28.2 Billion

Chirathivat family

From Thailand, with a net worth of $28.2 B this family has considerable presence in the retail business. They control Central Group, the biggest mall developer in Thailand. The family receive more than one-fourth of their $11 B in revenue from Vietnam and Europe.

They are involved at present with a $560 million joint venture with China’s JD.com for the e-commerce site JD central. Chirathivat is Thai Family in Chinese descent. They are one of the most mall developers in Thailand. One of the richest families in Asia.

11. Lee (Shau Kee) family

US$27.6 Billion

Lee (Shau Kee) family

With a net worth of $27.6 B, the owners of Hong Kong-based Henderson Development are helmed by patriarch Lee Shau Kee. His eldest son Martin is the vice-chairman of Henderson Land, and Peter, another son, oversees operations based in China.

Shau Lee was an immigrant who started with trading in currencies and precious metals and has now expanded into diverse areas like investments, hospitality, and gas. One of the richest families in Asia.

12. Yoovidhya family

US$27.4 Billion       

Yoovidhya family

At a net worth of $27.4 B, this family in Thailand has acquired its fortune with energy drinks, is the co-founder of Red Bull. Other interests include hospitals, sports teams, and real estate. They also own a winery and a Ferrari dealership.

Chaleo Yoovidhya was a Thai businessman and investor. He was the originator of Krating Daeng and was co-creator of the Red Bull brands of energy drinks. One of the richest families in Asia.

13. Pao family

US$22.6 Billion

Pao family

Sir Yue-Kong Pao CBE JP was the founder of Hong Kong’s World-Wide Shipping Group. Their net worth is $22.6 B and they own the BW group in Hong Kong. One of the richest families in Asia.

Their fortunes started with shipping, property, and logistics, with the holding company being Wheelock &Co. they have interests in trading, insurance, and industrial goods.

14. Tsai (Wan-Tsai) family

US$21.4 Billion

Tsai (Wan-Tsai) family

Tsai Wan-tsai was a Taiwanese banker. He was the founder of Fubon Group. The owners of Cathay Financial in Taiwan have a net worth of $21.4 B. Brothers Wan-Tsai and Wan-Lin founded Cathay Insurance in 1962 and parted ways in 1979.

Wan Lin went with Cathay and Wan-Tsai took Fubon. Cathay Financial is Taiwan’s biggest money lender, and a third generation is running Fubon Sports and Entertainment. One of the richest families in Asia.

15. Kwek / Quek family

US$18.5 Billion

Kwek / Quek family

Kwek Leng Beng, chairman of Hong Leong Group. Hailing from Malaysia, with a net worth of $18.5 B, the owners of the Hong Leong group distribute control to more than 15 family members for purposes of efficiency.

Their roots can be traced back to 1941 when Kwek Hong Png co-founded the family with 3 other brothers. They also have operations in Singapore. One of the richest families in Asia.

16. Jindal family

US$18.3 Billion

Jindal family

JSW Paints, a privately held business led by Sajjan Jindal, is preparing to enter the $7 billion Indian paint sector, which is known for its attractive business opportunities. Parth Jindal, the only child of Sajjan Jindal and only 27 years old, is leading this effort.

The Jindal family is making significant expenditures of over $150 million to create two manufacturing sites, with the launch of the paint company anticipated for 2018. One of the richest families in Asia.

17. Lee Man Tat

US$17.9 Billion

Lee Man Tat

The chairman of LKK Group, the organisation that is the parent company of Lee Kum Kee, the world’s largest producer of oyster sauce, Lee Man Tat, died in July 2021 at the age of 91. The younger Lee is currently in charge of overseeing a vast distribution network that covers more than 100 nations.

There are five manufacturing facilities supporting this network. One of Lee Man Tat’s sons, Charlie, takes on the responsibility of managing LKK’s daily operations. Eddy, David, and Elizabeth are further family members that are actively involved in the business. One of the richest families in Asia.

18. Sy family

US$17.2 Billion

Sy family - richest families in Asia

Henry T. Chi Sieng Sy, Founder of SM Investments Corporation. They have a net worth of $17.2 B and based in the Philippines, are the overseers of SM Investments Corporation. One of the richest families in Asia.

Henry Sy is the richest individual in the Philippines, starting with a shoe store which he later developed into mall developer SM Prime. All his children and grandchildren have active roles in the running of business affairs.

19. Hinduja family

US$15.2 Billion

Hinduja family - richest families in Asia

Hinduja Group is an Indian conglomerate company headquartered in London, United Kingdom. Pegging a net worth of $15.2 B, the Hinduja group has diversified interests and is based in the United Kingdom. One of the richest families in Asia.

This multinational conglomerate is helmed by four siblings, who are considered extremely close to one another. Interests range from lubricants and trucks to cable television and banking. They also own considerable real estate in London.

20. Chung family

US$14.8 Billion

Chung family - richest families in Asia

Chung Mong-Koo is a South Korean business magnate who is the chairman and CEO of Hyundai Motor Group. They have a net worth of $14.8 B and are the majority stakeholders of South Korean auto giants Hyundai. Most of the family fortune is in the hands of Hyundai Motor chairman Chung Mog-Koo and his only son Eui-Sun. One of the richest families in Asia.

21. Bajaj family

US$14.6 Billion

Bajaj family - richest families in Asia

With a 91-year history, the Bajaj Group has made a name for itself in a variety of industries, including sugar, financial services, and two-wheelers. The family’s wealth has increased, which can be partly attributable to the growth in Bajaj Finserv stock prices in 2017.

Sanjiv Bajaj, the son of Chairman Rahul Bajaj, leads Bajaj Finserv, the group’s financial division. Niraj, Shekhar, and Madhur, cousins within the family, are in charge of running the several businesses included in the company.

22. Mittal family

US$14.5 Billion

Mittal family - richest families in Asia

Lakshmi Niwas Mittal is an Indian steel magnate and Zamindar, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. At a net worth of $14.5 B, the Mittals are owners of ArcelorMittal in India.

The group is the biggest steelmakers in the world, having acquired Italy’s steel group Ilva for $2.1 B in 2016. Mohan Lal was the patriarch of the family who started the business in 1950. Lakshmi Mittal, his son, fell out with his siblings and founded Mittal Steel, merging with Arcelor in 2006.

23. Godrej family

US$13.9 Billion

Godrej family - richest families in Asia

The Godrej family is an Indian Gujarati-speaking Zororastrian Parsi family that manages and largely owns the Godrej Group. Owners of the Godrej Group, this Indian family has a net worth of $13.9 B and has been in business for over 121 years.

The Godrej Group has revenues of $4.5 B, and their key companies are Godrej Consumer Products and Godrej Properties. Their biggest asset is huge parcels of land in Mumbai.

24. Ng family

US$13.4 Billion

Ng family

Robert and Philip Ng are in charge of Far East Organization, the top private landlord and property developer in Singapore. Their late father, Ng Teng Fong, established the business in the beginning after moving to Singapore from China in 1934.

Ng Teng Fong’s notable accomplishments and influence in the neighborhood earned him the title “The King of Orchard Road.” Robert and Philip Ng are currently in charge of running Far East Organization and carrying on their father’s legacy.

25. Birla family

US$13.2 Billion

Birla family

Kumar Mangalam Birla is an Indian industrialist and the chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India. Pegged at a net worth of $13.2 B, this family in India is a big commodities player.

Kumar Birla is the chairman of the Birla Group having interests in aluminum, cement financial services, and telecom. He is succeeded by his father Aditya Birla and his grandfather Ghanshyam Das Birla, who set the ball rolling with opening a jute mill.

26. Kushal Pal Singh

US$11.1 Billion

Kushal Pal Singh

In 1961, Kushal Pal Singh, a well-known player in the real estate sector, made a big career change by leaving the military to work for DLF. His father-in-law had founded the business in 1946. One of the richest families in Asia.

DLF, which has its corporate headquarters in Delhi, is now India’s largest listed real estate company in terms of market capitalization. Rajiv Singh, Singh’s son, is the company’s chairman. Singh eventually started a large-scale project by buying farmland from farmers to build DLF City in Gurgaon, a township on the outskirts of Delhi.

27. Saji family

US$10.3 Billion       

Saji family

Nobutada Saji is a Japanese businessman, chief executive of Suntory Ltd, Japan’s fourth-largest brewer, and food manufacturer. The family, based in Japan has a net worth of $10.3 B, and are the owners of Suntory.

The family started early, in 1899 when Shinjiro Torii began production of western style liquors. Keizo Saji, his son was aggressive and transformed Suntory into a multibillion-dollar company with diverse interests.

28. Widjaja family

US$9.7 Billion

Widjaja family

Eka Tjipta Widjaja, born in Quanzhou, China as Oei Ėk-Tjhong, was a Chinese-Indonesian banker and industrialist. With a net worth of $9.7 B, this Indonesian family is the owners of Sin Armas Group.

Starting with selling biscuits, they now have a firm foothold in real estate, paper, financial services, telecom, and agribusiness. One of the richest families in Asia.

29. Burman family

US$9.6 Billion

Burman family

Dabur was founded in Kolkata in 1884 by S.K. Burman, an Ayurvedic doctor who was interested in creating drugs to treat ailments including cholera and malaria. The consumer goods fortune of the Burman family, which is principally derived from their ownership of the flagship publicly traded company Dabur, has been divided through time among five different branches.

The brand portfolio of Dabur includes well-known goods like Vatika hair oil, Real fruit drinks, and Hajmola digestive candies. One of the richest families in Asia.

30. Salim family

US$7.5 Billion

Salim family

A well-known conglomerate, the Salim Group, took a significant step in 2017 by buying the majority of Bank Ina Perdana. Nearly 20 years after the family’s economic empire had lost control of Bank Central Asia during the financial crisis, this event represented a critical turning point. Anthoni Salim, who is in charge of running things at the Salim Group, still owns more than 1% of BCA, which is run by the Hartono family.

This cross-ownership structure emphasizes the interdependence and influence of these significant corporate entities. One of the richest families in Asia.

31. Bangur family

US$7.3 Billion

Bangur family

Benu Gopal, the family’s most successful member, was instrumental in increasing their riches. His business, Shree Cement, became one of India’s most effective cement manufacturers in 2017, with a considerable rise in sales and earnings.

Today, his grandson Prashant and son Hari Mohan, who have assumed control of the company’s operations, are in charge. Their management ensures the survival and expansion of Shree Cement, thereby enhancing the well-being of the family.

32. Khoo family

US$6.9 Billion

Khoo family

The Khoos, a well-known banker’s heirs, received a sizeable bequest from Khoo Teck Puat. Khoo Teck Puat invested strategically in Standard Chartered Bank in 1986. Along with having financial holdings, the Khoos also have influence over the Goodwood Group of Hotels, which is led by Mavis Khoo-Oei as chair.

The venerable Goodwood Park Hotel in Singapore is owned by The Goodwood Group. The Khoos’ remarkable selling of their $4 billion share in Standard Chartered Bank in 2006 is the main driver of their fortune, nevertheless.

33. Lohia family

US$6.6 Billion

Lohia family

Two Lohia brothers are in charge of the family riches. Assuming the role of group chairman is Sri Prakash, who alongside his father co-founded the well-known petrochemicals company Indorama in Indonesia back in 1975.

Amit, who serves as the group managing director, is his son and is in charge of overseeing the day-to-day operations. Together, they oversee the operation’s administration and expansion, assuring its ongoing success.

34. Lal family

US$6.6 Billion

Lal family

The clan primarily owns Eicher Motors, which saw impressive sales growth for their iconic Royal Enfield motorcycle. The business set records by selling an amazing 666,493 units during the fiscal year that ended in March 2017. One of the richest families in Asia.

The operations of Eicher Motors are now under the direction of Siddhartha, the son of former leader Vikram Lal. In order to increase Eicher’s global presence and efficiently broaden the company’s reach outside its native market, Siddhartha took the strategic choice to relocate to London in 2015.

35. Law family

US$6.5 Billion

Law family

Park Hotel Group’s chairman is Law Kar Po, the fourth of six children and one of six siblings. In this distinguished position, he is in control of the family’s most precious division of wealth, which was made possible by his father Law Ting-pong’s engagement in the textile industry.

As the CEO of Park Hotel, Law Kar Po’s son Allen adds to the family’s entrepreneurial tradition. The Singapore-based business successfully oversees a portfolio of 16 buildings spread over 11 Asian locations.

36. Wee family

US$6.25 Billion

Wee family

In terms of market capitalization, The United Overseas Bank, which was founded in 1935, is currently the third-largest bank in Singapore. Wee Kheng Chiang, one of the co-founders, is the ancestor of the bank’s family.

Moreover, Wee Cho Yaw, Wee Kheng Chiang’s son, is currently the bank’s Chairman Emeritus. Wee Cho Yaw’s son, Ee Cheong, adds to the family’s leadership and is the Deputy Chair and CEO of the United Overseas Bank, assuring the institution’s success and expansion.

37. Kadoorie family

US$6.2 Billion

Kadoorie family

Sir Michael David Kadoorie, GBS is a billionaire Hong Kong businessman, and the chairman and 18% owner of CLP Group, Hong Kong’s largest electricity producer. Based in Hong Kong, the family has a net worth of $6.2 B, and are majority stakeholders in CLP Holdings Ltd.

They are also co-founders of China Light& Power and own the Kadoorie Farm and Botanic Garden in Hong Kong. One of the richest families in Asia.

38. Tsai (Eng-Meng) family

US$6.1 Billion

Tsai (Eng-Meng) family

Eng-Meng’s innovative leadership is credited with turning Want Want China, a tiny trade business founded by Chairman Eng-Meng’s father in 1962, into one of China’s top snack suppliers.

The business has become well-known for its well-liked goods, which include chilled milk and rice crackers. Shao-Chung, the son of Eng-Meng, is an important director for the business and helps ensure its success.

39. Patel family

US$5.7 Billion

Patel family

With a staggering $1.5 billion in annual revenue, Cadila, which has its corporate headquarters in Ahmedabad, is one of India’s top five generic drug makers. The family has a considerable amount of power over how the business is run.

The company’s chairman is Pankaj Patel, a pharmacy graduate, and its managing director is Sharvil Patel. The father of Pankaj, the late pharmacy professor Ramanbhai Patel, and Indravadan Modi are the ancestors of Cadila.

40. Kwee family

US$5.6 Billion

Kwee family

The four Kwee siblings are in charge of the privately held corporation Pontiac Land. In Singapore, the firm owns a number of prominent luxury hotels and recognizable office complexes. The brothers also own a controlling stake in a luxury tower in New York that was created by renowned French architect Jean Nouvel in addition to their ventures in Singapore.

They have a considerable position in the international real estate market, as seen by the tower next to the Museum of Modern Art. Their father, Henry Kwee, an Indonesian textile dealer and property developer, set the groundwork for Pontiac Land.

41. Premji family

US$4.5 Billion

Premji family

The family owns Wipro, with a net worth of $4.5 B, in India. The family started a business in 1945 with cooking oil, and current chairman Azim Premji left studies to take control of affairs after the death of his father Mohamed Hasham Premji.

He expanded into technology and software, which raked in the big money. Wipro today has $9 B in sales, an impressive achievement. Azim Hashim Premji, Chairman of Wipro Ltd.

42. Wadia family

US$4.4 Billion

Wadia family

The Wadia Group has a long history rooted in shipbuilding. It is an Indian conglomerate with diversified assets spanning from cookies to aircraft. The family has been involved in the shipbuilding business since Lovji Nusserwanjee Wadia founded it in 1736.

The company prospered under his direction and built an outstanding total of 355 ships. Notably, the Wadia Group made a significant contribution to shipbuilding by building the first British navy ships outside of England.

43. Tung Chee Hwa & Chee Chen

US$3.6 Billion

Tung Chee Hwa & Chee Chen - richest families in Asia

As chairman and CEO of Orient Overseas, one of the well-known maritime dynasties in Hong Kong, Tung Chee Chen was in charge. But in 2018, the two brothers made the crucial choice to sell their full ownership in the business to COSCO, a known Chinese maritime juggernaut.

The Tung brothers saw a substantial financial gain of US$4.34 billion as a result of this transaction. Tung Chee Hwa, pictured, had led Orient Overseas for 14 years prior to this development.

44. Munjal family

US$3.55 Billion

Munjal family - richest families in Asia

Brijmohan Lall Munjal, a brilliant businessman, built Hero MotoCorp, the largest motorbike company in India. His journey began in 1944 when he and his three brothers entered the bicycle components industry. They gradually grew their business and began producing bicycles.

They advanced into the moped manufacturing industry by their steadfast efforts and thirst for innovation. In 1984, Hero MotoCorp and Honda Motor entered into a strategic relationship that marked a crucial turning point and allowed them to join the motorbike market.

45. Piramal family

US$3.5 Billion

Piramal family - richest families in Asia

The clan’s main asset, Piramal Enterprises, has substantial holdings in the financial services and healthcare industries. One of the main pillars of the family’s fortune is the business, which Piramal Chatrabhuj, the grandfather of Ajay Piramal, created in 1934.

The company’s CEO, Ajay Piramal, started working as a professional in 1977 when he was just 22 years old. He began by working in the textile industry owned by his family, setting the foundation for his future endeavours.

46. Mori family

US$2.7 Billion

Mori family - richest families in Asia

Real estate tycoon Taikichiro Mori passed suddenly in 1993, leaving his enormous fortune to his heirs. The Mori Building Co. was founded in 1959 by Taikichiro Mori. His sons Akira and Minoru took over the family company after his passing.

The two brothers, however, made the decision to go their separate ways in 1999. Taking charge of Mori Building, Minoru Mori remained in that position until his passing in 2012.

47. Sehgal family

US$2 Billion

Sehgal family - richest families in Asia

The Motherson Sumi Systems, the main subsidiary and India’s largest auto-components maker, is responsible for the Sehgal family’s debut on the list. Motherson Sumi Systems’ stock value saw a tremendous gain, rising by a significant 65% in the year before November 2017.

The Sehgal family’s rise in wealth and inclusion on the list were influenced by this notable increase in the company’s shares. One of the richest families in Asia.

48. Koo Family (LG)

US$1.9 Billion

Koo Family (LG) - richest families in Asia

The well-known electronics behemoth LG Corp. is largely responsible for the clan’s wealth, which accounts for about 70% of their fortune. When Chairman Koo Bon-Moo, the most significant shareholder, lost his only son in 1994, it was a sad loss.

Chairman Koo adopted his nephew Koo Kwang Mo, who will now take over the duties and leadership of the company, in order to ensure the family business’s succession.

49. Chey family

US$1.5 Billion

Chey family - richest families in Asia

The SK Group, a well-known conglomerate in South Korea, and member of the Chey family, makes its debut on the list. Their presence is credited to SK Hynix’s outstanding performance, a significant player in the computer memory chip sector.

This increase was principally sparked by SK Hynix’s statement that it had made a significant $3.5 billion investment in Toshiba Memory. The strategic decision strengthened SK Hynix’s standing in the industry and helped the Chey family gain recognition and more money.

50. Lo family

US$1.5 Billion

Lo family - richest families in Asia

The renowned real estate magnate Lo Ying-Shek and his wife Lo To Lee Kwan co-founded Great Eagle Company in 1963. The creation of the company signaled the start of the family’s successful journey in the real estate industry. One of the richest families in Asia.

With eight family members currently participating on the board of Great Eagle Company, the family’s participation in the business is very significant. One of them is the widow of Lo Ying-Shek, who, at the amazing age of 96, still offers her knowledge and experience to the business’ operations and decision-making procedures.

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