India home to 14 top Asian business dynasties: Forbes
Families from India hold 14 spots in Forbes Asia’s inaugural ranking of the top 50 Asian business dynasties with the Ambani family third on the list with a combined fortune of $21.5 billion.
India’s Premji is seventh on the list with a fortune of $17 billion followed by Hinduja with $15 billion in ninth spot and Mistry ranked tenth with $14.9 billion.
Nearly half of the richest families in Asia are of Chinese descent, but none of them is based in mainland China, where conglomerates are young and run by first generations.
Thus India with 14 easily has the most spots from any jurisdiction.
South Korea’s Lee family, who controls the Samsung Group, tops the list with a combined wealth of $26.6 billion.
Number two on the list is the Lee family of Henderson Land Development from Hong Kong with a combined wealth of $24.1 billion.
The Ambani family fortune includes the wealth of brothers Mukesh and Anil, both of whom inherited most of their father’s fortune on his death in 2002 but opted to do business separately, Forbes said. Details