Stocks and the economy of every country keep on changing throughout the year. Some might fall from their places while some raises to a new level. If we talk about Asia, there are many billionaires on the list. The list of the richest Man in Asia world will vary annually based on their net worth and financial performance.
However, last year has been tough annually for a lot of billionaires. Approximately more than 250 billionaires are no anymore on the list. Besides, if we calculate the total net worth of all the billionaires in the world, it dropped to $12.2 trillion. According to Forbes, the total net worth the previous year in March 2022 was $12.7 trillion which shows approximately $500 billion fall down.
The richest man in Asia is Mukesh Ambani after competing with Gautam Adani who is in the third position as of 2023. Gautam Adani had a net worth of approx. $60 billion in the last year which dropped to $47.2 billion. Here is the latest list of the top richest man in Asia, based on real-time 2023, let’s know about them in detail:
1. Mukesh Ambani
Net worth: $83.4 Billion
Businessman Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian billionaire and the richest man in Asia. In addition to his other roles, he leads Reliance Industries Ltd (RIL), a company of the Indian conglomerate Reliance Group, a leader in the energy and materials industries. India’s most valuable company by market value is its Fortune 500 company.
Mukesh Ambani, founder chairman of Reliance Industries, has a net worth of $83.4 billion. His company is one of the biggest in India. His telecom network is also very popular and influential in India.
2. Zhong Shanshan
Net worth: $68 Billion
In September 2020, Nongfu Spring listed its shares in Hong Kong, chaired by Zhong Shanshan, an entrepreneur with an estimated net worth of $68 billion. Also, under Zhong’s control is Beijing Wantai Biological Pharmacy.
The two companies IPOed in 2020: Nongfu owns 85% and Wantai 75%. His previous jobs included construction worker and news reporter before he established Nongfu Spring and became the second richest man in Asia.
3. Gautam Adani
Net worth: $47.2 Billion
Gautam Adani is an Indian industrialist who founded the Adani Group, a multinational conglomerate with involvement in port development and operations, among other things. He has an estimated net worth of $47.2 billion and is the third person in the list of the richest man in Asia.
4. Zhang Yiming
Net worth: $45 Billion
The main founder of ByteDance, Zhang Yiming, became popular and is in the list of the richest man in Asia after introducing apps such as TikTok. It has approx. 1 billion users from all around the world.
However, in November 2021, Yiming left the company because of pressure from the Chinese government. He was also listed in the 2013 Forbes China 30 Under 30 List.
5. Li Ka-shing
Net worth: $38 Billion
Li Ka-Shing is in the list of the richest man in Asia, and a senior advisor at CK Hutchison Holdings and CK Asset Holdings. He is well-known as Superman, which is his nickname. He started his career at a very young age because of his interest, knowledge, and enthusiasm. During his retirement speech, he also stated that “working for a long time, too long,” was a joke.
6. Ma Huateng
Net worth: $35.3 Billion
The chairman and CEO of Tencent Holdings, Ma Huateng, has a net worth of $35.3 billion and is listed among the top 50 richest man in Asia. He is also known as Pony Ma.
He gained popularity and price after introducing the app WeChat which has over 1.3 billion users worldwide. Huateng also owns stakes in one of the largest video gaming publisher companies, Epic Games.
7. Robin Zeng
Net worth: $33.4 Billion
Robin Zeng is the chairman and founder of the world’s electric vehicle battery-selling company, Contemporary Amperex Technology (CATL) and 7th richest man in Asia. CATL has a popular name among big vehicle brands and is listed on Shenzhen Stock Exchange in 2018.
It sells batteries to some famous brands like BMW, Geely, and Volkswagen. The headquarter of CATL is in Ningde in Fujian Province. Ford also announced to make a collaboration with CATL in 2023.
8. Tadashi Yanai & family
Net worth: $32.6 Billion
Fast Retailing is the parent of the Uniqlo chain, a Tokyo-listed retail clothing empire, which is built and run by Tadashi Yanai. He is also retailing other infamous brands such as Theory, GU, J Brand, and Helmut Lang.
With the vision of making his company one of the biggest retailers hop in the world, he works on surpassing brands like H&M. Yanai is listed among the top 50 richest man in Asia.
9. Colin Zheng Huang
Net worth: $30.2 Billion
A Chinese e-commerce company called PDD Holdings is owned by a well-known billionaire Colin Zheng Huang. Though, he backed out from the chairman position of the company but still holds approx. 28% of PDD Holdings.
Being among one the richest man in Asia, Colin has a nearly $30.2 billion net worth. The PDD also launched Temu, a shopping site that competes with the brand Shein.
10. Lee Shau Kee
Net worth: $29.5 Billion
In the list of the top 50 richest man in Asia comes Lee Shau Kee who has a net worth of approx. $29.5 billion. He is the co-founder of Sun Hung Kai, a property developer along with Kwok Tak-Seng. The property giant which became the major source of income, Henderson Land Development started by them in 1976.
After working for a long time, he decided to pass on the company to his sons, Martin and Peter. He stepped down from the position of chairman and made his son co-chairman.
11. William Lei Ding
Net worth: $26.7 Billion
William Lei Ding has an estimated net worth of $26.7 billion which makes him the 11th richest man in Asia. He is the CEO of world’s largest mobile online games business, NetEase.
William Lei Ding completed his education in Bachelor of Arts/Science from the University of Electronic Science and Technology of China. He is 51 years old and resides in Hangzhou, China.
12. Shiv Nadar
Net worth: $25.6 Billion
Shiv Nadar has an estimated net worth of $25.6 billion which makes him the 12th richest man in Asia. He is the co-founder of HCL, an Indian IT pioneer, who founded the company in 1976 in a garage with five friends. In the beginning, it was a microprocessors and calculator-making company.
The philanthropist completed his education with a Bachelor of Arts/Science from the PSG College of Technology. He is 77 years old and resides in New Delhi, India.
13. Low Tuck Kwong
Net worth: $25.5 Billion
Low Tuck Kwong or well-known as the coal king, has an estimated net worth of $25.5 billion which makes him the 13th richest man in Asia. He is the founder of one of the famous coal mining companies in Indonesia, Bayan Resources.
Low Tuck Kwong is 75 years old and resides in Jakarta, Indonesia. He is married and has 2 children. Besides, his means of wealth is coal.
14. Vladimir Potanin
Net worth: $23.7 Billion
Vladimir Potanin has an estimated net worth of $23.7 billion which makes him the 14th richest man in Asia. He got a stake in the Norilsk Nickel in 1995 at the time of Russia’s privatization. Later, he owned approx. one-third of the company.
Vladimir Potanin completed his education with a Master’s in Finance from the Moscow Institute of International Relations. He is 62 years old and resides in Moscow, Russia.
15. Jack Ma
Net worth: $23.5 Billion
Jack Ma has an estimated net worth of $23.5 billion which makes him the 15th richest man in Asia. He is the cofounder of the Alibaba Group in 1999, which is one of the largest e-commerce companies.
Jack Ma completed his education in Bachelor of Arts/Science from the Hangzhou Teacher’s Institute. He is 58 years old and resides in Hangzhou, China.
16. He Xiangjian & family
Net worth: $23.4 Billion
He Xiangjian & family has an estimated net worth of $23.4 billion which makes him the 16th richest man in Asia. Xiangjian is the founder and maker of one of the biggest appliance makers companies in the world, Midea Group.
He Xiangjian is married and has 3 children. Besides, his source of income is home appliances. He is 80 years old and resides in Foshan, China.
17. Michael Hartono
Net worth: $23.1 Billion
Michael Hartono has an estimated net worth of $23.1 billion which makes him the 17th richest man in Asia. He is on the list of the richest person in Indonesia and ranks 2nd in the same. Hartono has been investing in Bank Central Asia and has stakes in BCA.
Michael Hartono man source of income is banking and tobacco. He is married and has 4 children. Hartono is 83 years old and resides in Kudus, Indonesia.
18. Cyrus Poonawalla
Net worth: $22.6 Billion
Cyrus Poonawalla has an estimated net worth of $22.6 billion which makes him the 18th richest man in Asia. He is the founder of the Serum Institute of India which is one of the largest vaccine makers in the world and introduced in 1966.
Cyrus Poonawalla completed his education with a Bachelor of Arts/Science from Pune University; Doctorate, Pune University. He is 81 years old and resides in Pune, India.
19. Masayoshi Son
Net worth: $22.4 Billion
Masayoshi Son has an estimated net worth of $22.4 billion which makes him the 19th richest man in Asia. He is the founder of SoftBank Group which is a mobile telecom and investment company. The funding companies in this are Apple, Foxconn, Qualcomm, etc.
Masayoshi Son completed his education with a Bachelor of Arts/Science from the University of California, Berkeley. He is 65 years old and resides in Tokyo, Japan.
20. Vladimir Lisin
Net worth: $22.1 Billion
Vladimir Lisin has an estimated net worth of $22.1 billion which makes him the 20th richest man in Asia. He is the founder and chairman of the world’s leading manufacturing of steel products, NLMK Group.
Vladimir Lisin completed his Doctorate from the Russian Academy of Economics and a Bachelor of Arts/Science from the Siberian Metallurgical Institute. He is 67 years old and resides in Moscow, Russia.
21. Leonid Mikhelson & family
Net worth: $21.6 Billion
Leonid Mikhelson & family has an estimated net worth of $21.6 billion which makes him the 21st richest man in Asia. He is the chairman and founder of the company Novatek which is a natural gas producer company.
Leonid Mikhelson completed his education with a Master of Science in Engineering from the Kuybyshev Engineering and Construction Institute. He is 67 years old and resides in Moscow, Russia.
22. Wang Wei
Net worth: $21.2 Billion
Wang Wei has an estimated net worth of $21.2 billion which makes him the 22nd richest man in Asia. He is the chairman of SF Express or also known as S. F. Holding. Just like FedEx, it is a package delivery company in China.
Wang Wei is a self-made billionaire and his main source of income is package delivery. He is 52 years old and resides in Shenzhen, China.
23. Takemitsu Takizaki
Net worth: $21 Billion
Takemitsu Takizaki has an estimated net worth of $21 billion which makes him the 23rd richest man in Asia. He is well-known for founding one of the best suppliers of electronic components for factory automation companies and sensors, Keyence.
Takemitsu Takizaki is a self-made billionaire and his main source of income is a sensors company. He is 77 years old and resides in Osaka, Japan.
24. Alexey Mordashov & family
Net worth: $20.9 Billion
Alexey Mordashov & family has an estimated net worth of $20.9 billion which makes him the 24th richest man in Asia. He is the CEO of the company Severstal which is a well-known steel company. Mordashov has the majority of shareholding in the company.
Alexey Mordashov completed his education with a Master of Science in Engineering from the Leningrad Institute of Economics and a Master of Business Administration from the University of Northumbria. He is 57 years old and resides in Moscow, Russia.
25. Vagit Alekperov
Net worth: $20.5 Billion
Vagit Alekperov has an estimated net worth of $20.5 billion which makes him the 25th richest man in Asia. He is the deputy minister and oversees an oil industry in the Soviet Union, Caspian Sea.
Vagit Alekperov completed his education with a Master of Science in Engineering from the Azerbaijan Institute of Oil and Chemistry. He is 72 years old and resides in Moscow, Russia.
26. Li Shufu
Net worth: $19 Billion
Li Shufu has an estimated net worth of $19 billion which makes him the 26th richest man in Asia. He is one of the founders and chairman of famous China’s biggest automaker, which is not controlled by the government, Gelly Automobile Holdings.
Li Shufu completed his education with a Master of Science from Yanshan University. He is 59 years old and resides in Hangzhou, China.
27. Wang Wenyin
Net worth: $19 Billion
Wang Wenyin has an estimated net worth of $19 billion which makes him the 27th richest man in Asia. He is the chairman of Amer International Group which is a copper and cable supplier.
Wang Wenyin is from China and his major source of income is copper products and mining. He is 55 years old and resides in Shenzhen, China.
28. Eyal Ofer
Net worth: $18.9 Billion
Eyal Ofer has an estimated net worth of $18.9 billion which makes him the 28th richest man in Asia. He is the chairman of a famous real estate, shipping, banking, technology, energy, and many other investments, Monaco-based company Ofer Global.
Eyal Ofer completed is married and has 4 children. Besides, his major source of income is real estate and shipping. He is 72 years old and resides in Monte Carlo, Monaco.
29. Qin Yinglin
Net worth: $18.9 Billion
Qin Yinglin has an estimated net worth of $18.9 billion which makes him the 29th richest man in Asia. He is the chairman of one of the biggest pig breeding companies in the world’s largest pork market, China’s Muyuan Foodstuff.
Qin Yinglin is married and has 1 child. Besides, his main source of income is pig breeding. He is 58 years old and resides in Nanyang, China.
30. Wang Chuanfu
Net worth: $18.7 Billion
Wang Chuanfu has an estimated net worth of $18.7 billion which makes him the 30th richest man in Asia. He is well-known for running China’s biggest nascent electric vehicle market also known as the biggest EV market all over the world.
Wang Chuanfu completed his education with a Master of Science from the Beijing Non-Ferrous Research Institute and a Bachelor of Arts/Science from the Central South Industrial University of Technology. He is 57 years old and resides in Shenzhen, China.
31. Gennady Timchenko
Net worth: $18.5 Billion
Gennady Timchenko has an estimated net worth of $18.5 billion which makes him the 31st richest man in Asia. He is a well-known Russian businessman and has stakes in famous gas companies like Sibur Holding, a petrochemical producer, and Novatek.
Gennady Timchenko completed his education in Master of Science in Engineering from the Leningrad Mechanical Institute. He is 70 years old and resides in Moscow, Russia.
32. Lakshmi Mittal
Net worth: $17.7 Billion
Lakshmi Mittal has an estimated net worth of $17.7 billion which makes him the 32nd richest man in Asia. He is the chairman of one of the world’s biggest mining and steel companies, ArcelorMittal. Besides, the revenue of this company is $80 billion.
Lakshmi Mittal completed his education with a Bachelor of Arts/Science from St Xavier’s College Calcutta. He is 72 years old and resides in London, United Kingdom now.
33. Li Xiting
Net worth: $16.3 Billion
Li Xiting has an estimated net worth of $16.3 billion which makes him the 33rd richest man in Asia. He is the chairman and founder of a famous supplier of good medical devices, Shenzhen Mindray Bio-Medical Electronics.
Li Xiting completed his education with a Bachelor of Science from the University of Science and Technology of China. He is 72 years old and resides in Shenzhen, China.
34. Pang Kang
Net worth: $15.9 Billion
Pang Kang has an estimated net worth of $15.9 billion which makes him the 34th richest man in Asia. He is the chairman of China’s one of largest soy sauce suppliers, Foshan Haitian Flavoring & Food.
Pang Kang is a self-made billionaire and is in the 19th position on the richest list in China. Besides, his main source of income is soy sauce. He is 67 years old and resides in Foshan, China.
35. Peter Woo
Net worth: $15.8 Billion
Peter Woo has an estimated net worth of $15.8 billion which makes him the 35th richest man in Asia. He was the chairman of Wheelock & Co., a property developer, and Wharf Holdings which is their main subsidiary.
Peter Woo completed his education with a Master of Business Administration from the Columbia Business School. He is 76 years old and resides in Hong Kong, Hong Kong.
36. Dilip Shanghvi
Net worth: $15.6 Billion
Dilip Shanghvi has an estimated net worth of $15.6 billion which makes him the 36th richest man in Asia. He is the founder of Sun Pharmaceutical Industries which makes psychiatric drugs. Besides, his father used to be a pharmaceutical distributor.
Dilip Shanghvi completed his education with a Bachelor of Arts/Science from Calcutta University. He is 67 years old and resides in Mumbai, India.
37. Radhakishan Damani
Net worth: $15.3 Billion
Radhakishan Damani has an estimated net worth of $15.3 billion which makes him the 37th richest man in Asia. He is an investor based in Mumbai, who gained popularity after the IPO of March 2017. Besides, he became India’s king of retail and run a supermarket chain called the Avenue Supermarts.
Radhakishan Damani is a self-made billionaire whose major source of income is investments and retail business. He is 68 years old and resides in Mumbai, India.
38. Dhanin Chearavanont
Net worth: $14.9 Billion
Dhanin Chearavanont has an estimated net worth of $14.9 billion which makes him the 38th richest man in Asia. He is the senior chairman of one of the biggest world producers of livestock and animal feed company, Charoen Pokphand Group.
Dhanin Chearavanont is also rank in Thailand’s top 50 richest people. Besides, his main source of income is diversification. He is 84 years old and resides in Bangkok, Thailand.
39. Charoen Sriviadhanabhakdi
Net worth: $14.8 Billion
Charoen Sriviadhanabhakdi has an estimated net worth of $14.8 billion which makes him the 39th richest man in Asia. He runs the famous Thailand’s biggest brewer, Thai Beverage, which is also known for its famous Chang Beer.
Charoen Sriviadhanabhakdi is also on the list of the top 50 Thailand’s richest people. He is 79 years old and resides in Bangkok, Thailand. His main source of income is alcohol and real estate.
40. Xu Hang
Net worth: $14.6 Billion
Xu Hang has an estimated net worth of $14.6 billion which makes him the 40th richest man in Asia. He is the non-executive director and a cofounder of the well-known medical device supplier company, Mindray Medical International.
Xu Hang completed his education in EMBA from the Ceibs, a Bachelor of Engineering from Tsinghua University, and a Master of Science in Engineering degree from Tsinghua University. He is 56 years old and resides in Shenzhen, China.
41. Wei Jianjun & family
Net worth: $14.5 Billion
Wei Jianjun & family has an estimated net worth of $14.5 billion which makes him the 41st richest man in Asia. He is the founder and leader of one of the biggest China SUV manufacturing companies, Great Wall Motor.
Wei Jianjun completed his education with a Bachelor of Arts/Science from the Hebei Province. He is 59 years old and resides in Baoding, China. Besides, his main source of income is automobiles.
42. Alisher Usmanov
Net worth: $14.5 Billion
Alisher Usmanov has an estimated net worth of $14.5 billion which makes him the 42nd richest man in Asia. He was one of the metals magnates and a Facebook investor. Besides, he owns stakes in Metalloinvest, a steel and iron ore giant.
Alisher Usmanov completed his education in Master’s degree from the Finance Academy under the Government of the Russian Federation and a Master of Laws from the Moscow Institute of International Relations. He is 69 years old and resides in Tashkent, Uzbekistan.
43. Goh Cheng Liang
Net worth: $14.3 Billion
Goh Cheng Liang has an estimated net worth of $14.3 billion which makes him the 43rd richest man in Asia. He is a stakeholder at the well-known world’s fourth-biggest paint manufacturing company, Japan’s Nippon Paint Holdings.
Goh Cheng is a self-made billionaire and his main source of income is paints. He is 95 years old and resides in Singapore, Singapore.
44. Kumar Birla
Net worth: $14.2 Billion
Kumar Birla has an estimated net worth of $14.2 billion which makes him the 44th richest man in Asia. He is the fourth head of the famous Aditya Birla Group which has approx. $60 billion in revenue.
Kumar Birla completed his education with a Master of Business Administration from the London Business School and a Bachelor of Arts/Science from the University of Mumbai. He is 55 years old and resides in Mumbai, India.
45. Idan Ofer
Net worth: $14 Billion
Idan Ofer has an estimated net worth of $14 billion which makes him the 45th richest man in Asia. He is the current owner of Ofer’s Eastern Pacific Shipping which operates a 210-bulk fleet, crude oil ships, and containers.
Idan Ofer is a billionaire and his main source of income is shipping. He is 67 years old and resides in London, United Kingdom but has Israel citizenship.
46. Chen Bang
Net worth: $13.9 Billion
Chen Bang has an estimated net worth of $13.9 billion which makes him the 46th richest man in Asia. He is the chairperson of one of China’s biggest ophthalmology chains, Aier Eye Hospital Group.
Chen Bang completed his education with a Master of Business Administration from Hunan University. He is 57 years old and resides in Changsha, China. Besides, he is a self-made billionaire and also comes to the list of China’s richest.
47. Lui Che Woo
Net worth: $13.9 Billion
Lui Che Woo has an estimated net worth of $13.9 billion which makes him the 47th richest man in Asia. He is the chairperson of a property developing company called K. Wah International Holdings and a casino operator in Macau called the Galaxy Entertainment Group.
Lui Che Woo is a self-made billionaire and also the Hing-Kong’s top 50 richest people whose main sources of income are hotels and casinos. He is 94 years old and resides in Hong Kong, Hong Kong.
48. John Fredriksen
Net worth: $13.7 Billion
John Fredriksen has an estimated net worth of $13.7 billion which makes him the 48th richest man in Asia. He runs industries like dry bulkers, oil tankers, deepwater drilling rigs, and LNG carriers.
John Fredriksen is a self-made billionaire and his main source of income is shipping. He is 78 years old and resides in London, United Kingdom with the citizenship of Cyprus.
49. Joseph Lau
Net worth: $13.3 Billion
Joseph Lau has an estimated net worth of $13.3 billion which makes him the 49th richest man in Asia. He is the former chairperson of Chinese Estates, a property developer. Moreover, he procured most of the company in 1986.
Joseph Lau is a self-made billionaire and his main source of income is real estate. He is 71 years old and resides in Hong Kong with the citizenship of same.
50. Uday Kotak
Net worth: $12.9 Billion
Uday Kotak has an estimated net worth of $12.9 billion which makes him the 50th richest man in Asia. He is the heir of the famous Kotak family. Besides, he is well-known for starting a finance company in 1985 and later turning it into a bank in 2003 known as the Kotak Mahindra Bank.
Uday Kotak completed his education with a Bachelor of Arts/Science from the University of Mumbai and a Master of Business Administration from the University of Mumbai. He is 64 years old and resides in Mumbai, India.
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