Below is the list of 10 richest men of Asia in 2018. All the person on the list is based on Realtime list from Forbes.
10. Dilip Shanghvi, India, Net Worth: $11.4 billion
Dilip Shanghvi spent his childhood in the small town of Amreli, the same place he was born on October 1955. He studied at J.J. Ajmera High School and completed his Bachelor’s degree in Commerce from the University of Calcutta. His father used to sell wholesale generic prescription drugs, and Shanghvi helped his father after his undergraduate’s degree. But as he was selling drugs manufactured by other companies, it didn’t give him any satisfaction. So, he started manufacturing his own.
He initiated the company ‘Sun Pharmaceuticals’ in 1982 and since then, his net worth has been escalating. He also took over other prescription drug companies in the US and in Israel for cheap. He was a big risk taken, and at hindsight, it seems to have paid him off handsomely.
9. Shiv Nadar, Net worth: $13.3 billion
Born on 1945 in Tamil Nadu, Indian Industrialist and Philanthropist Shiv Nadar is Founder and Chairman of HCL and the Shiv Nadar Foundation.
8. Al-Waleed bin Talal, Saudi Arabia, Net Worth: $15.9 billion
Talal was born into a royal family of Lebanon in 1955. He attended military school and got his Bachelor’s degree in Business Administration from Menlo College. He also got his Master’s degree in Social University from Syracuse University.
He earned his fortune from real estate investments, the money which he then used to purchase shares in other companies like AOL, 21st Century Fox, Twitter, Disneyland Paris, helping him multiply his wealth by 10 folds.
Philanthropic in nature, Talal was also causing controversies. But never gave up on his nature. After the attack of September 11, 2011, in New York, Talal donated $10 million to the mayor of New York. He also opened up Western universities in the Middle East.
7. Azim Premji, India, Net worth: $17.3 billion
Premji’s father was a successful businessman when his father started the company ‘Western Indian Vegetable Products’ that manufactured hydrogenated oil. So, Premji would inherit his father’s wealth for his business.
Born on 1945, Premji studied Electrical Engineering at Stanford University in the United States. After completing his studies, he returned back to India and took over his father’s business when he tragically passed away. Instead of giving continuation to manufacturing hydrogenated oil, Premji used his engineering expertise to create microcomputers. He even changed the company’s name to WiPro.
He is also considered to be one of the most philanthropic businessmen in all India. He donates 30% of his profit for education and is also involved with an elite society of Warren Buffet and Bill Gates to work for charity.
6. Tadashi Yanai, Japan, Net Worth: $22.3 billion
Yanai started at the bottom when he used to work for Jusco, a company that sold men’s clothes. Then he went on to assist his father to repair people’s clothes at the roadside. He worked there for more than 10 years. After gaining the experience, he started his own clothing store ‘Uniqlo’ and also continued his father’s business by renaming and operating it as ‘Fast Retailing’. The success of both the companies has been immense and is continuously named as the richest person in Japan.
Yanai is also charitable like Azim Premji. He has donated a large sum of money over the years. Just recently, he donated $8 million to Sendai earthquake victim. But Yanai says that things weren’t easy for him to get the success as he claims that he had made several business errors. Now, it looks more like a learning experience, especially when he has won awards after awards and also named as one of the 50 most influential people in Bloomberg Markets magazine.
5. Wang Jianlin, China, Net Worth: $28.9 billion
Wang Jianlin spent 17 years in the Chinese army. Born on 1954, Jianlin owns largest real estate and movie theater company in China today. He started off as an office administrator in the city of Dalian. Then he went on to Dalian Wanda Group, the largest cinema chain in China. His specialty is that he could make his customers feel luxurious wherever they were. Today, his company owns numerous fancy hotels, shopping plazas, and theaters. In 2012, he purchased ‘AMC Entertainment’ for $2.6 billion, and is working to improve theater experience across the globe.
4. Lee Shau-kee, China, Net Worth: $29.2 billion
Known as ‘Hong Kongs Warren Buffet’, Lee is a real estate tycoon who has invested in internet services, a series of hotels and restaurants. He is the youngest of four siblings and is also one of the few multi-billionaire who is fourth-born.
Apart from investments, he also created several hostels that young and middle-aged people (those who weren’t financially stable and still wanted to afford a place) could purchase could purchase for half the market price. As such, he is a philanthropist too.
3. Li Ka-Shing, China, Net Worth: $33 billion
Li was born on 1928 and is currently the chairman of ‘CK Hutchison Holdings’, a conglomerate that deals with investment and property holdings. More than 250,000 people have been employed in the companies under CK Hutchison Holdings.
Starting to work at the age of 15 at a plastics trading company, Li started his own plastic manufacturing company later. But when his family depended on him for money when his father passed away, he had to work 16 hours a day. Later, he found affordable ways to produce high-quality plastic flowers which he could sell cheap. It became a successful business. Yet, it was put to the halt when his lease for building expired and he could not renew it.
So, he was forced to develop a new site himself. That was when he decided he would put his hands on real estate business. His interests expanded to electrical plants, internet technology and also became a shareholder in banks in China. These investments made has made him to one of the wealthiest people in China and in the world.
Still, he prefers a minimalistic living and donates billions to charities that help in the development of technology and medicine.
2. Jack Ma, China, Net Worth: $40.9 billion
Born on 1964, Jack Ma, also known as Ma Yun in China, had a business mind since early childhood. He would ride his bike to nearby hotels and guide tourists around the city. That is where he learned his English and then went on to earn a Bachelor’s degree in English at Hangzhou Normal University.
Jack traveled to the US in 1995 where he discovered the Internet. He realized he could take the advantage of the Internet and build Alibaba, the website that helped Chinese-based companies to build a business-to-business marketplace.
He is a great philanthropist too and has won awards for his philanthropic activities. Recently, he was awarded Entrepreneur of the Year award at the Asian Awards.
1. Mukesh Ambani, India, Net Worth: $42.3 billion
Mukesh has a degree in Chemical Engineering from Institute of Chemical Technology. He was also studying MBA at Stanford but had to drop out to help his father in the telecommunication business. At the time, the business was quite small. But with Mukesh’s efforts, it quickly expanded and grew today’s ‘Reliance Communications Limited’.
Born on 1957, Mukesh Ambani is the largest shareholder of ‘Reliance Industries Limited’, the company that deals with petrochemicals and oil and gas sectors. It’s considered to be the “Fortune 500 company”. The growth of the company has taken Mukesh to where he is today as one of the richest business in India and Asia. He also runs the largest retailer company ‘Reliance Retail Ltd.’. He lives in a 14th-floor apartment building that cost him over $1billion with his family.
However, there are rumors that he earned his wealth by shorting oil prices and keeping the profits for himself. He is the Asia’s Richest Man.
Last updated – July 15, 2018