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10 most powerful billionaires in Asia – net worths, ranked: from India’s Gautam Adani and Mukesh Ambani, to Uniqlo’s Tadashi Yanai, Alibaba’s Jack Ma and Hong Kong’s ‘Superman’ Li Ka-shing

Mukesh Ambani, Tadashi Yanai, Jack Ma and Ma Hua-teng are some of the richest billionaires in Asia in 2023. Photos: Weibo, Edward Wong, Reuters, Bloomberg
Mukesh Ambani, Tadashi Yanai, Jack Ma and Ma Hua-teng are some of the richest billionaires in Asia in 2023. Photos: Weibo, Edward Wong, Reuters, Bloomberg

  • LVMH’s Bernard Arnault, Tesla’s Elon Musk and Amazon’s Jeff Bezos are the top 3 richest people on earth, but in Asia, Nongfu Spring’s Zhong Shanshan and Tencent’s Pony Ma Huateng are catching up
  • Zhang Yiming is the former CEO of ByteDance, the parent company behind TikTok, while Robin Zeng founded CATL and William Lei Ding runs NetEase – but how are they all giving back?

In 2023, the world’s richest man is Bernard Arnault with US$211 billion in the bank, thanks to his ever-growing luxury empire LVMH, per Forbes. Even Tesla and SpaceX CEO Elon Musk is now trailing behind with his US$180 billion net worthwhile Amazon founder Jeff Bezos placed No 3 with his US$114 billion net worth, states the Forbes rich list that was unveiled in April (which we also referenced for the other net worths mentioned in this piece).

As Asia continues to grow and dominate the global economy, a select group of billionaires from the region have emerged as some of the most powerful and influential individuals in the world. They not only hold massive wealth, but also have significant business ventures and philanthropic initiatives that have made a substantial impact on the region and beyond.

Whether it’s Jack Ma’s vision for a global e-commerce platform or Mukesh Ambani’s investment in renewable energy, the impact of these powerful billionaires will surely continue to be felt for years to come.

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Let’s see which Asian billionaires are not only making strides in global business but also leaving a legacy behind.

1. Mukesh Ambani – US$87 billion

Mukesh Ambani is currently the richest person in Asia. Photo: Ritam Banerjee
Mukesh Ambani is currently the richest person in Asia. Photo: Ritam Banerjee
Chairman and largest shareholder of Reliance Industries, India’s most valuable company, Mukesh Ambani’s net worth stands at more than US$87.1 billion. He holds the position of the richest person in India as well as Asia. Ambani has also made significant investments in areas such as telecoms, energy and retail across the urban and rural regions of India.

Through Reliance Foundation, Ambani’s philanthropic initiatives include efforts in education, digital literacy, disaster relief, healthcare and rural development.

2. Zhong Shanshan – US$62 billion

Zhong Shanshan, the founder and controlling shareholder of Nongfu Spring, founded vaccine maker Beijing Wantai Biological Pharmacy Enterprise. Photo: Weibo
Zhong Shanshan, the founder and controlling shareholder of Nongfu Spring, founded vaccine maker Beijing Wantai Biological Pharmacy Enterprise. Photo: Weibo