10 Richest Men in Asia

The continent of Asia was quite famous for its wealth in the olden days, with merchants and rulers spread across the continent trading spices, gems, cattle etc., the continent was at its golden age. In today’s age of technology, the Asians may not be at the top but they sure are quite high. Let’s take a look at the Top 10 Richest Men in Asia.

10. William Ding, Net Worth USD 23 billion

Ding Lei, aka William Ding, is the founder and CEO of NetEase Inc., which was established in 1997 as a technology-related company which developed online games and provided e-services. With the release of games like Identity V, Knives Out and Revelation Online, NetEase Games successfully put its mark on the tech world.

The Chinese company was among the first ones to soar in the gaming and internet business in China and its success led to Ding acquiring the position as the richest man in China in 2003.
Today, with a net worth of USD 23 billion, William Ding is a familiar face on the list of World’s Richest Men.

9. Li Ka Shing Net Worth

Li Ka Shing’s journey for rags to riches is quite inspiring. As a factory worker in a plastics factory during his teenage years, Li had foreseen the success of the plastic industry which led him to establish Cheung Kong Industries in 1950. In 1975, the company bought Hutchison Whampoa, becoming the first person of Chinese origin to have control over a company which ruled Hong-Kong for over a century.

As the years passed, CK Hutchison Holdings and CK Asset Holdings grew to employ over 300,000 people.

Nicknamed ‘Superman Li’ for his expertise in business, he has featured in this list of Richest Men in Hong Kong for over 2 decades and even today, he maintains his reputation with a net worth of USD 24.1 billion.

8. He Xiangjian, Net Worth USD 24.5 Billion

The Chinese entrepreneur is the founder of Midea Group, an electronics and home appliance manufacturer. The company started in 1968 with the production of bottle caps and moved on to manufacturing air conditioners and electric fans during the 1980s.

As the years passed by, the company established itself on international grounds with the purchase of international brands and setting up new production sites to become one of the largest manufacturers of home appliances and robots with thousands of employees and hundreds of subsidiary companies.

Though he stepped down from his post as CEO in 2012, his net worth, as of 2020, is USD 24.5 billion.

7. Lee Shau Kee, Net Worth USD 26.4 Billion

The Hong-Kong real estate tycoon is the founder of Henderson Land Development, which is the main source of his income. He acquired control of Wing Tai Development which he renamed as Henderson Investments.

The billionaire is nicknamed ‘Hong-Kong’s Buffett’ and ‘Asia’s Master of Stocks’ acknowledging his successes with investments and returns.
Currently, his fortune is estimated to be USD 26.4 billion.

6. Hui Ka Yan, Net Worth USD 27.3 Billion

Xu Jiayin, aka Hui Ka Yan, is the founder and CEO of Evergrande Real Estate Group, formerly called Hengda Group, founded in 1997. The company went on to become one of the largest real estate developers of China with projects in over 200 cities in China. The success of the group led to Hui Ka Yan grabbing a spot for himself in the Forbes list of Richest Chinese Billionaires.

The real-estate tycoon has an estimated fortune of USD 27.3 billion.

5.Tadashi Yanai, Net Worth USD 28.5 Billion

With a dream to own the world’s largest retail company, Yanai is the founder and Chairman of the Fast Retailing, the world’s third-largest public retail holding company. The company started as a mens’ clothing line in Yamaguchi, Japan named Unique Clothing.

The store line expanded to become Uniqlo, a global brand with over 1000 stores all around the world. The company also extended its reaches with the purchase of other international brands like ‘Theory’, ‘J Brand’ and others.

The Japanese billionaire was also an independent director of SoftBank Group, from which he resigned at the end of 2019. The retail tycoon has featured in the list of Top 50 richest men in the world and as of 2020, Yanai has a total net worth of USD 28.5 billion, making him the richest man in Japan.

4. Colin Huang, Net Worth USD 34.7 Billion

Huang Zheng, aka Colin Hwang, is the creator and Chairman of Pinduoduo. Inc, an e-commerce company founded in 2015. The tech company surged to the top and by 2019, it had 500 million active buyers. Its success is marked by its popularity in China, where it is among the largest online shops and its presence in the list of World’s Largest Internet Companies.

Along with the rapid success of the company, Colin Hwang’s net worth increased, making him the youngest self-made chinese billionaire. As of 2020, his net worth is at USD 34.7 billion.

3. Jack Ma, Net Worth USD 41.3 Billion

Ma Yun, aka Jack Ma, is quite a big name in China and is known for his successful e-commerce company, Alibaba Group. Before the initiation of Alibaba Group, Jack Ma had founded 3 companies and despite never having learnt coding and computer science, all of the companies were tech-related. With the success of Alibaba in the e-commerce market, subsidiaries like Taobao Marketplace, Tmall, Alipay etc. also came to being, adding to the sources of income for the Chinese business mogul.

He resigned from the post of CEO to give more time and attention to philanthropic activities and his contributions to various parts of the world for the betterment of society is not negligible.
Featuring on the Top 20 of Forbes Rich List, the philanthropist has net worth is USD 41.3 billion, making him the second richest man in China as of 2020.

2. Ma Huateng, Net Worth USD 46.2 Billion

Ma Huateng, aka Pony Ma, is the CEO of Tencent, an internet and technology service provider. Owning social media platforms like Weixin, WeChat and QQ, Tencent is the main contributor of wealth for Pony Ma, who took over the position of the Richest Man of China from Jack Ma.

As of 2020, his net worth is at a whopping USD 46.2 billion.

1. Mukesh Ambani, Net Worth USD 53.9 Billion

Mukesh Dhirubhai Ambani tops the list as the Richest Man of Asia. What started out as a family business called Reliance Industries Limited has now grown to all sectors of business, from the petrochemical refinery to telecommunications. The Indian business magnate has featured on the Forbes’ list of World’s Most Powerful People and is at the 16th position on the Forbes’ list of World’s Richest People.

With a net worth of USD 53.9 billion, Ambani is at the peak of his success.

(Last Updated On: July 19, 2022)