Tag: asia top 20 richest people

  • List of the World’s Richest People in the World 2022

    People have gained notoriety by accomplishing something that inspires amazement in the rest of the world. From the creation of the world’s first microcomputer through the establishment of a space research agency dedicated to the launch of numerous ships.

    From political decisions to social and economic transformations, billionaires play a critical role in influencing the world. We’ve compiled a list of the world’s top 20 billionaires, who have risen to the top through extraordinary achievements.

    Elon Musk
    Jeff Bezos
    Bernard Arnault
    Bill Gates
    Larry Page
    Warren Buffett
    Sergey Brin
    Steve Ballmer
    Larry Ellison
    Mukesh Ambani
    Gautam Adani
    Mark Zuckerberg
    Francoise Bettencourt Meyers
    Changpeng Zhao
    Zhong Shanshan
    Carlos Slim
    Jim Walton
    Amancio Ortega
    Rob Walton
    Charles Koch

    Elon Musk

    Net Worth- $235 billion

    Industry- Technology

    Country- United States

    Elon Musk
    Elon Musk

    As we all know, from being the founder of SpaceX to becoming the CEO of Tesla and also owns many titles such as the founder of Neuralink, OpenAI, and The Boring Company. Elon Musk is a force to be reckoned with in the world of technology, which ultimately made him the world’s richest person as of now with a net worth of $235 Billion.

    Elon Musk began his career in 1995 when he and his brother Kimbal Musk founded Zip2, a web software company that did not succeed and went out of business in 1999.

    Elon Musk founded X.com, an online financial services platform that merged with PayPal, with Musk owning 11.7 per cent of the company’s stock.

    Musk’s life took a turn in 2001 when he started SpaceX with the goal of decreasing space transportation costs. SpaceX deployed roughly 34 satellites in 2021 and plans to launch 52 more by 2022.

    After that, in 2004, Elon Musk became Chairman of Tesla by investing a majority stake in the company with the intention of producing electric vehicles. When questioned about his development of Tesla-electric cars, he refused to give up and backed up his assertion that electric cars are both efficient and conventional, resulting in Tesla scoring the largest market in the automobile business by 2021.

    Jeff Bezos

    Net Worth- $181 billion

    Industry- Technology

    Country- United States

    Jeff Bezos
    Jeff Bezos

    Almost half of the population has made a purchase from Amazon, the world’s largest online marketplace, which sells everything from A to Z and was founded by Jeff Bezos. Bezos founded Amazon in 1994 as an online bookshop, subsequently expanding to other consumer goods.

    During the 2000s, he experienced financial ups and downs, and in 2016, the firm raised approximately $671 million, which is the greatest sum ever raised in Amazon shares. According to Forbes, Jeff Bezos surpassed Bill Gates as the world’s wealthiest person in 2017.

    Moreover, Bezos is the founder and CEO of The Washington Post, an American newspaper publishing firm, and Blue Origin, aerospace, and spaceflight manufacturing company, in addition to being the founder and CEO of Amazon. With a net worth of $181 billion as of February 2022, Jeff Bezos is the second richest person on the planet.

    Bernard Arnault

    Net Worth- $161 billion

    Industry- Consumer

    Country- France

    Bernard Arnault
    Bernard Arnault

    When we think of “global fashion,” the first words that come to mind are Paris or LVMH Moët Hennessy Louis Vuitton. Bernard Arnault founded Louis Vuitton, the world’s most recognizable luxury goods fashion brand, in 1987. Initially, Arnault and his managerial partner, Antoine Bernheim, invested together in Boussac Saint-Frères, a subsidiary of Christian Dior.

    In 1987, Bernard was encouraged to invest via Joint Venture with Guinness PLC by former LVMH chairman Henri Racamier. Bernard later founded the world’s largest duty-free chain in the 1990s, which included Sephora, Loewe, Celine, Berluti, Christain Lacroix, and other well-known fashion labels.

    Bernard also extended his business in the 2000s by acquiring premium labels such as La Samaritaine, Fendi, Bulgari, and Tiffany & Co. Bernard has earned the title of “Europe’s wealthiest person,” with a net worth of approximately $161 billion.

    Bill Gates

    Net Worth- $128 billion

    Industry- Technology

    Country- United States

    Bill Gates
    Bill Gates

    With the exception of 2010, 2011, 2012, and 2013, the world-famous billionaire, investor, author, philanthropist, and co-founder of Microsoft has appeared on the list of the world’s wealthiest people every year since 1987.

    Bill Gates was a key figure in the microcomputer revolution in the 1970s and 1980s. Gates enrolled in his first software program when he was very young, and he was particularly interested in programming the General Electric system in BASIC.

    In 1970, four students were grouped -Bill Gates, Paul Allen, Kent Evans, and Ric Wieland & created the ‘Lakeside Programming’ club to make money. In 1975, Gates founded ‘Microsoft’ with his friend Paul, and produced the first-of-its-kind programming language BASIC for the Altair 8800 ‘Microcomputer,’ an early personal computer.

    Following the merger with IBM, Gates released the first retail version of Microsoft Windows in 1985, making him the richest person on the planet with $128 billion in February 2022.

    Larry Page

    Net Worth- $121 billion

    Industry- Technology

    Country- United States

    Larry Page
    Larry Page

    He is the co-founder of Google and a computer scientist and Internet entrepreneur from the United States. In 1998, Page and his friend Sergey Brin teamed up to create the domain name ‘Google.’

    With one billion URLs at the time, Google became the most searched web in 2000. After hiring Sundar Pichai into the Google team as CEO and Eric Emerson Schmidt in 2011, he withdrew from Google.

    Larry Page also founded Google’s parent firm, Alphabet, the world’s largest search engine operator, from which he stepped down in 2019 but remained a board director. Larry Page’s net worth is predicted to be 121 billion dollars, putting him in fifth place on the list of the world’s wealthiest individuals as of February 2022.

    Warren Buffett

    Net Worth- $115 billion

    Industry- Technology

    Country- Diversified

    Warren Buffett became the richest man in the world as a result of his partnerships with major corporations such as Apple Inc., Coca-Cola, Bank of America, Kraft Heinz, BYD, DaVita, and others. He is recognized as the ‘Oracle of Omaha,’ as a successful investor in both the twentieth and twenty-first centuries.

    Buffett’s primary investment was a large interest in the textile producer Berkshire Hathaway Inc. in 1965, which proved to be a huge shot in his career. He is currently holding the sixth richest person in the world as per Bloomberg Billionaires Index, worth 115 billion dollars.

    Sergey Brin

    Net Worth- $116 billion

    Industry- Technology

    Country- United States

    Sergey Brin
    Sergey Brin

    As I stated above, Sergey Brin, a Google partner as well as the co-founder, assisted Larry Page in the development of the world’s first online search engine internet- Google. Brin followed Page’s lead and stepped down as CEO of Google and Alphabet.

    Brin was a Stanford student when he met Page and developed the PageRank Algorithm, which led to the creation of Google, a California-based firm founded in 1998. Sergey Brin is the 7th most powerful person on the list of the world’s richest people, with a fortune of $115 billion, as of February 2022.

    Steve Ballmer

    Net Worth- $108 billion

    Industry- Technology

    Country- United States

    Steve Ballmer
    Steve Ballmer

    He is a businessman and investor from the United States who served as the CEO of Microsoft for 14 years, from 2000 to 2014. Bill Gates hired Steve Ballmer as his first business manager in June 1980, offering him 5 to 10% of the company’s stock.

    After antitrust litigation against competing corporations, Steve Ballmer was given the post of CEO of Microsoft in 2000. Steve was interested in sports and had planned to invest in the Seattle SuperSonics, but instead moved to Oklahoma City and began playing for them. Ballmer invested approximately $650 million after Chris R. Hansen proposed bringing the Seattle SuperSonics back.

    Later that year, there was an auction for the Los Angeles Clippers, in which Steve Ballmer was the biggest bidder in sports history, winning $2 billion. In February 2022, Steve Ballmer’s net worth was estimated to be $108 billion.


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    Larry Ellison

    Net Worth- $98.8 billion

    Industry- Technology

    Country- United States

    Larry Elison
    Larry Elison

    Oracle Corporation, a Texas-based firm founded by Larry Ellison in 1977, is the world’s second-largest software company. Larry and Bob Miner worked at Ampex Corporations on a similar version of Edgar Ted Codd’s remarkable work on IBM’s ‘rational database,’ which led to the establishment of Oracle Corp. The ‘Structured Query Language (SQL)’ was Oracle’s initial database application, and it immediately became popular.

    The program’s first customer was the United States Air Force, who employed it at Wright-Patterson Air Force Base. In 2021, he became an exclusive member of Oracle Corporation after purchasing 40% of the company’s stock. He is also the world’s ninth richest person with the asset 97.7 billion dollars, according to the Bloomberg Billionaires Index for February 2022.

    Mukesh Ambani

    Net Worth- $91.1 billion

    Industry- Energy

    Country- India

    Mukesh Ambani
    Mukesh Ambani

    For long-standing, Ambani is the first richest Asian in the world according to the Bloomberg Index. He is the owner of Reliance industries limited, which is considered the most valuable brand on the Fortune Global 500 list. Ambani took his late father Dhirubhai Ambani’s steps in developing RIL and its expansion in the field of petrochemicals, natural gas, mass media, textiles, and telecommunications.

    Reliance Industries Ltd. is the largest retailer in India and held the title of India’s richest person on Forbes list for the past 10 years. In 2018, Ambani became the richest Asian over Jack Ma– CEO of Alibaba Group with 44.3 billion dollars as net worth. As of now, Mukesh Ambani’s net worth is $91 Billion.

    Gautam Adani

    Net Worth- $85.2 billion

    Industry- Industrial

    Country- India

    Gautam Adani
    Gautam Adani

    Gautam Adani is an Indian industrialist and philanthropist worth billions of dollars. He is the creator and chairman of the Adani Group, a transnational firm founded in Ahmedabad that works in port advancement and projects in India. Adani also administers as the president of the Adani Foundation, which is governed by his wife, Priti Adani.

    Adani was born on June 24, 1962, in Ahmedabad, Gujarat, to Shantilal and Shanti Adani and has 7 siblings. His father worked for a modest textile company. Adani was interested in business, but not in his father’s textile company. In 1978, Adani began his work as a diamond sorter for Mahendra Brothers, and in 1981, he took over as the manager of his brother’s plastics project.

    He began importing primary polymers for small-scale manufacturers in 1985, and by the early 1990s, he had expanded his firm to include metals, textiles, and agricultural items.

    Adani joined the power generation business in 2006. Adani won the world’s largest solar bid, worth $6 billion, from the Solar Energy Corporation of India in May 2020. Adani purchased a 74% share in Mumbai International Airport, India’s next busiest airport, in September 2020. And after continuously accomplishing his enterprise, he ultimately came to be Asia’s richest person in February 2022.

    Mark Zuckerberg

    Net Worth- $83.6 billion

    Industry- Technology

    Country- United States

    Mark Zuckerberg
    Mark Zuckerberg

    One of the most extensively utilised social media networks is Facebook. Mark Zuckerberg is the co-founder of Facebook as well as the chairman of Meta, the business that owns Facebook. Zuckerberg was born on 14 May 1984 in White Plains, New York, United States. Zuckerberg was studying at Harvard University. In February 2004, Zuckerberg and his Harvard University roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes created Facebook from their dorm room.

    Initially limited to a few college campuses, the site quickly grew in popularity and finally surpassed one billion users by 2012. In May 2012, Zuckerberg took the firm public with a controlling stake. He came to be the world’s youngest self-made billionaire at the age of 23 in 2007.

    Since 2008, Time magazine has labelled Zuckerberg as one of the world’s 100 most influential people as part of its Person of the Year award, which he won in 2010.

    Zuckerberg was positioned 10th on Forbes’ list of the World’s Most Powerful People in December 2016. According to the Forbes Real-Time Billionaires Index, Zuckerberg’s net worth was $83.6 billion on February 4, 2022, and his net worth went low by $29.7 billion due to a drop in Meta Platforms shares, which caused the social media giant to lose roughly a fourth of its market price.

    Francoise Bettencourt Meyers

    Net Worth- $81.2 billion

    Industry- Consumer

    Country- France

    Francoise Bettencourt Meyers
    Francoise Bettencourt Meyers

    We read about many wealthy guys in the previous sections, and now it’s time to meet Francoise Bettencourt Meyers, the world’s wealthiest woman. Françoise Bettencourt Meyers is a rich inheritor from France. She was born in Neuilly-sur-Seine, France, on July 10, 1953. L’Oreal was founded by her grandfather, Eugène Schueller.

    Bettencourt Meyers’ net worth was over $39.5 billion in 2017, putting her among the top 20 wealthiest persons on the planet. Even though Francoise Bettencourt Meyers had a 33% interest in L’Oreal, Françoise devotes her time to writing novels.

    The heiress is a writer who has written books on everything from Greek mythology to the Bible. She was raised Catholic and is academic. She even co-founded the Bettencourt Schueller Foundation with her mother in 1987 to assist scientific, artistic, and humanitarian studies.

    According to the aforementioned Vanity Fair profile, she favoured playing the piano or reading books even as a child. According to the Bloomberg Billionaires Index, she was the world’s richest woman in January 2022, with a net worth of $81.2 billion.


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    Changpeng Zhao

    Net Worth- $79.1 billion

    Industry- Finance

    Country- Canada

    Changpeng Zhao
    Changpeng Zhao

    Binance is one of the world’s major cryptocurrency exchanges and it was created by Changpeng Zhao, also known as CZ. He is the founder and CEO of Binance. Changpeng Zhao was born in Jiangsu, China, on September 10, 1977. He was raised in Canada, where he completed his education.

    CZ began working when he was a teenager in order to assist his parents. In the 1980s, he worked at McDonald’s. He later studied Computer Science at McGill University. He was also interested in stock markets and trading, which influenced his decision to pursue this profession. Zhao worked as the chief technology officer of OKCoin and was a part of the Blockchain.info development team.

    As of January 23, 2022, his net worth was computed to be $96 billion, propelling him the wealthiest person in Canada and he has earned the 14th stance in the chart of richest persons on the planet, according to Bloomberg Billionaires Index.

    Zhong Shanshan

    Net Worth- $75.8 billion

    Industry- Diversified

    Country- China

    Zhong Shanshan
    Zhong Shanshan

    Zhong Shanshan is a rich Chinese businessman. He is the majority owner of Beijing Wantai Biological Pharmacy Enterprise and the creator and chairman of the Nongfu Spring beverage firm.

    Zhong was born in the Chinese city of Hangzhou in 1954. In 1977, he began his career as a journalist at the Zhejiang Daily and then moved into the business world. After relocating to Hainan, he worked as a sales representative for the Wahaha beverage company, where he marketed healthcare supplements.

    Zhong established a bottled water firm in Hangzhou in 1996, named Nongfu Spring. His company grew prosperous as a result of his hard effort. He was the sixth wealthiest person in the world in 2021, with a net worth of 95 billion dollars, but he plummeted after suffering a significant loss. He owned 84.4 per cent of Nongfu Spring and was the company’s chairperson as of January 2021.

    Carlos Slim

    Net Worth- $69.5 billion

    Industry- Diversified

    Country- Mexico

    Carlos Slim
    Carlos Slim

    Carlos Slim Hel is a philanthropist, investor, and telecommunications billionaire from Mexico. Slim was born in Mexico City on January 28, 1940. He had an interest in business since he was a child.

    He began investing in government savings bonds when he was 11 years old, and at the age of 12, he bought shares in a Mexican bank, eventually becoming the largest shareholder in the country. In civil engineering, he received his diploma.

    Education, health care, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-tech, retail, sports, and financial services are among the industries represented in his alliance.

    His net worth is equal to around 6% of Mexico’s gross domestic product, and he controls 40% of the Mexican Stock Exchange’s listings. He is the richest person in Latin America. With a net worth of $69.5 billion as of January 2022, Bloomberg Billionaires Index rated him as the world’s 16th richest person.

    Jim Walton

    Net Worth- $61.5 billion

    Industry- Retail

    Country- United States

    Jim Walton
    Jim Walton

    James Carr Walton, an American businessman and the heir to Walmart’s riches, is the world’s biggest merchandiser. Jim Walton was born in the Arkansas town of Newport, in the county of Jackson. Walton earned a bachelor’s degree in Business Administration in Marketing from the University of Arkansas in Fayetteville, Arkansas, in 1971, after graduating from Bentonville High School in 1965.

    He joined Walmart in 1972 and worked in the company’s real estate division. In 1975, he became president of Walton Enterprises, a family business, after serving for four years. He was CEO of his family’s Arvest Bank before becoming Chairman of Arvest Bank and Chairman of Jim Walton’s newspaper company, Community Publishers Inc. (CPI). Walton was noted to possess more than 152 million Walmart stakes worth more than $11 billion in September 2016.

    According to the Bloomberg Billionaires Index, Walton was the seventeenth richest person on the planet in January 2022, with a net worth of US$61.5  billion.

    Amancio Ortega

    Net Worth- $60.5 billion

    Industry- Retail

    Country- Spain

    Amancio Ortega Gaona is a Spanish billionaire businessman. He is the founder and former chairman of Inditex fashion group, best known for its chain of Zara clothing and accessories shops. He was born on 28 March 1936 in Busdongo de Arbas, Spain. At the age of 14, he relocated to A Coruna. He worked for Gala, a local shirtmaker, while he was a teenager.

    He started Confecciones Goa in 1972 to offer quilted bathrobes. With his wife Rosala Mera, he launched the first Zara store in 1975. Ortega declared his impending retirement from Inditex, the parent company of the Zara clothing retailer, in 2011. Ortega has a net worth of $60.5 billion making him the world’s 19th wealthiest person.

    Rob Walton

    Net Worth- $61.1 billion

    Industry- Retail

    Country- United States

    Samuel Robson Walton, the world’s richest man, is the heir to Walmart’s fortune. Rob Walton was born in Tulsa, Oklahoma, on October 28, 1944. Walton studied at The College of Wooster and earned a bachelor’s degree in business administration from the University of Arkansas in 1966. In 1969, he graduated from Columbia Law School with a Juris doctorate.

    Walton joined the firm as a member after graduating. He was the senior vice president of Walmart in 1978 and was promoted to vice chairman in 1982. From 1992 through 2015, he was the chairman of Walmart.

    Charles Koch

    Net Worth- $59.2 billion

    Industry- Industrial

    Country- United States

    Charles de Ganahl Koch, a rich businessman from the United States, inherited from his father. He was born in Wichita, Kansas, on November 1, 1935. He attended a private school and received his education at the Massachusetts Institute of Technology. He earned a bachelor’s degree in general engineering, a master’s degree in nuclear engineering, and a second master’s degree in chemical engineering.

    Koch began working at Arthur D. Little, Inc. after graduating from college. Along with his brothers, he inherited his father’s business. He is a co-founder of the Cato Institute in Washington, D.C. On the Bloomberg Billionaires Index, he was listed as the world’s 21st richest person in January 2022, with a net worth of $59.2 billion.

    Conclusion

    The above-compiled list of billionaires consists of billionaires from different industries who made big in their industry. There are billionaires who gained their billionaire status by starting their own space company and some by diversifying their portfolio and smartly investing in stocks. The industry that produced the most billionaires is technology. So, if you want to know who will be the next new billionaire, keep a close watch on this industry.

    FAQ

    Who is the No 1 richest person in the world?

    As of Feb 2022, Elon Musk is the richest person in the world with a net worth of $224 billion.

    Who is the richest person in India?

    Mukesh Ambani is the richest person in India with a net worth of Rs 7.18 lakh crore.

    Which country has the most billionaires?

    The United States has the most number of billionaires with 724 billionaires in the country.

  • List of Top 20 Richest People of Asia in 2021

    Even during the pandemic, the net worth of many billionaires have been growing consistently. According to Forbes, the number of billionaires in the Forbes 35th list of the world wealthiest people, the number of billionaires have increased to 2,755, which was 660 more than a year ago.

    Everyone knows that the richest person on the planet is Elon Musk with a net worth of $203.4 billion, followed by Jeff Bezos with $192.2 billion and Bernard Arnault & family with $185.8 billion, as of October 16, 2021. But do you know the top twenty richest people in Asia? According to Bloomberg Billionaire Index and the Forbes Billionaires List, the top 15 richest people in Asia, collectively account to over $500 billion.

    The people in this list are self-made, big tech tycoons and real estate giants. The person who takes the top spot in the list of Asia is none other than India’s richest person, Mukesh Ambani who is the Chairman of the conglomerate, Reliance Industries Ltd. The other high profile billionaires from the continent are Jack Ma, Gautam Adani, Zhong Shanshan, Ma Huateng, Li Ka-Shing, etc. To find out who else made the top 20 according to Forbes.

    1. Mukesh Ambani
    2. Zhong Shanchan
    3. Gautam Adani
    4. Robin Zeng
    5. Ma Huateng
    6. Zhang Yiming
    7. Jack Ma
    8. Li Ka Shing
    9. He Xiangjian
    10. Lee Shau Kee
    11. Colin Huang
    12. Tadashi Yanai
    13. Ding Lei
    14. Wang Wei
    15. Takemitsu Takizaki
    16. Masayoshi Son
    17. Yang Huiyan
    18. Qin Yinglin
    19. Pang Kang
    20. Li Xiting
    Frequently Asked Questions

    Here is the list of the Top 20 Richest People in Asia.

    1. Mukesh Ambani

    Chairman/MD Reliance Industries Ltd
    Net Worth US$100.6 billion (as of October 2021)
    Industry Energy, Telecom, Retail, Petrochemicals, Textiles and Natural Resources
    Country India
    Age 64 (2021)

    Mukesh Ambani
    Mukesh Ambani

    Mukesh Dhirubhai Ambani is an Indian Billionaire Businessman, the Chairman, Managing Director and the largest shareholder of the Reliance Industries Ltd., which is an energy and telecom multinational conglomerate.

    Reliance Industries owns business across India and has its foothold in the industries such as energy, petrochemicals, textiles, natural resources, retail and even telecommunications. The company is also in the list of the Fortune Global 500 Company and is the country most valuable company as per its market value.

    Ambani is credited for creating Jio, an affordable 4G phone service in India. The billionaire also owns an Indian Premier League team known as the Mumbai Indians and also has a property worth more than $400 million. As of 16th October 2021, Mukesh Ambani is the richest person not only in India but also Asia with a net worth of US $100.6 billion and is also the 11th richest person in the world. The head honcho of Reliance India Limited has joined the coveted club of billionaires with a fortune of at least $100 billion on 8th October 2021, Friday, following the rapid rise of the stocks of the conglomerate.

    2. Zhong Shanchan

    Founder/ CEO Nongfu Spring
    Majority stake holder Beijing Wantai Biological Pharmacy Enterprise
    Net Worth US$71.6 billion (as of 28th May 2021)
    Industry Beverage and Pharmacy
    Country China
    Age 67

    Zhong Shanshan
    Zhong Shanshan

    Zhong Shanshan is a Chinese billionaire businessman, the founder and chairman of Nongfu Spring which is a popular beverage company in China and a majority stake holder of Beijing Wantai Biological Pharmacy Enterprise.

    Nongfu Spring is a bottled water and beverage company that went public in September 2020, the company recently tripled its value to $85 billion. As of 16th October 2021, the net worth of Shangshan is $71.6 billion, making him the richest person in China, the 2nd richest person in Asia after Gautam Adani.

    He became the second richest person in Asia due to the recent stock listing of Nongfu and also because Wantai Biological managed to tap into the high demand of Covid 19 kits. Zhong Shanshan is also known to have accumulated his wealth the fastest in history, according to Bloomberg.


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    3. Gautam Adani

    Founder/ CEO Adani Group
    Net Worth US $75.20 billion (as of October 2021)
    Industry Resources, Logistics, Energy, Energy, Defence, Aerospace, Real Estate, Financial, etc.
    Country India
    Age 59 (2021)

    Gautam Adani
    Gautam Adani

    Gautam Shantilal Adani is an Indian Billionaire Industrialist, the Founder and Chairman of the Adani Group. Adani Group is an Indian multinational conglomerate that has diverse businesses across the industries of resources, logistics, energy, energy, defense, aerospace, real estate, financial, etc.

    Adani Group has an annual revenue of more than US $13 billion with operations in more than 50 countries. Adani is especially known for being a port developer and operator and is known for having the largest port in the country known as the Mundra port.

    As of 2018, Gautam Adani has over 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani Transmission. As of 16th October 2021, Gautam Adani has a net worth of US $75.20 Billion, making him the second richest person in Asia. He had recently overtaken Chinese bottled water producer, Zhong Shanshan in September 2021.

    4. Robin Zeng

    Founder/ Chairman Contemporary Amperex Technology
    Net Worth US $50.70 billion (as of October 2021)
    Industry Automotive Li-ion Batteries, Energy Storage Systems, Battery Recycling
    Country China
    Age 53 (2021)

    Robin Zeng
    Robin Zeng

    Robin Zeng also known as Zeng Yuqun is a Chinese billionaire entrepreneur, the Founder and Chairman of Contemporary Amperex Technology (CATL).

    The CATL is well known Chinese’s battery manufacturer and Technology Company that specializes in making lithium-ion battery for electric vehicles, battery management systems. Zeng is among the richest people in China and in Asia. With a net worth of $50.70 billion, he recently overtook Jack Ma, as per the reports dated October 16, 2021.

    5. Ma Huateng

    Chairman/MD Tencent Holdings
    Net Worth US$49.10 billion (as of October 2021)
    Industry Technology
    Country China
    Age 49 (2021)

    Ma Huateng
    Ma Huateng

    Ma Huateng, also known as Pony Ma is a Chinese Billionaire Businessman, the Founder, Chairman and CEO of Tencent. Tencent is the continent’s most valuable company and one of the largest internet and Technology Company.

    Besides , Tencent is also one of the biggest investment, gaming and entertainment conglomerate in the world known for developing China’s instant messaging app called WeChat. According to Time magazine Ma Huateng is one of the most influencial people in 2018, while Fortune also ranked him as among the top businessmen of the year in 2017.

    The businessman wealth comes from the 9.7% stake in Tencent holdings. He is known to own properties in Hong Kong and art pieces that are worth over US $150 million. As of 16th October 2021, the net worth of Ma Huateng is US $49.10 billion, making him one of the richest people in China and the 5th richest person in Asia.


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    6. Zhang Yiming

    Founder/ Former CEO ByteDance
    Net Worth US $44 billion (as of October 2021)
    Industry Internet Technology
    Country China
    Age 38 (2021)

    Zhang Yiming
    Zhang Yiming

    Zhang Yiming is a Chinese Billionaire Businessman and the Founder of ByteDance and developer for the news aggregator Toutiao and the world renowned video sharing platform TikTok. ByteDance is a Chinese multinational internet tech company known for developing video sharing and social networking sites like TikTok and Douyin.

    ByteDance also developed an app known as Toutiao, which is a platform that delivers news content in various forms. As of 2018, ByteDance has over 800 million daily users across all its content platforms and has been valued at $250 billion as of 2021. According to Bloomberg billionaires index Zhang’s personal wealth is estimated to be around $44 billion.

    Zhang Yiming stepped down from the position of CEO of Bytedance to embrace a new role within the company on 20th May 2021.

    7. Jack Ma

    Founder/ CEO Alibaba Group
    Net Worth US$42.30 billion (as of October 2021)
    Industry Technology, E-commerce, Retail
    Country China
    Age 56 (2021)

    Jack Ma
    Jack Ma

    Jack Ma is a Chinese billionaire businessman, the Founder and former Executive Chairman of Alibaba Group. Alibaba is a Multinational Technology Conglomerate that specializes in E-commerce, retail, technology and offers C2C, B2C and B2B sales, electronic payments, shopping search engines and cloud computing services.

    Alibaba is the world largest retailers and e-commerce companies and has the 6th highest global brand valuation in 2018. Jack Ma was ranked 2nd in the Forbes list of the World 50 greatest leaders and is also a popular philanthropist as he has supported many underprivileged communities in China, Africa, Australia, and the Middle East.

    As of 16th October 2021, the net worth of Jack Ma is US$42.3 billion making him a distinguished billionaire in China and the 7th richest person in Asia.


    8. Li Ka Shing

    Chairman Li Ka Shing Foundation
    Net Worth US $31.80 Billion (As of October 2021)
    Industry Real Estate
    Country Hong Kong
    Age 92 (2021)

    Li Ka Shing is a Hong Kong businessman, an investor and well known philanthropist. He is the senior advisor and former chairman of the board for CK Hutchison Holdings and CK Asset Holdings. Li Ka Shing is 92 years old and is known to be the world leading port investor, developer and operator of the largest health and beauty and retailer in Asia and Europe.

    According to Forbes Hong Kong Fortune league chart, Li Ka Shing became the richest person in Hong Kong in February 2021. Li is often regarded as “Superman li” by the Hong Kong media because of his business prowess, he also is the most influential entrepreneurs in the continent.

    Li presides over a huge business empire that has its foothold in the industries such as transportation, real estate, financial services, retail, and energy and utilities. The billionaire is also a philanthropist that leads a simple life and has donated billions of dollars to charity and causes making him Asia most generous philanthropists.

    As of 16th October 2021, Li Ka Shing net worth is over US $31.80 Billion making him one of the richest person in Hong Kong and among the richest in Asia.


    9. He Xiangjian

    Founder Midea Group
    Net Worth US$31.70 billion (as of October 2021)
    Industry Consumer appliances
    Country China
    Age 79 (2021)

    He Xiangjian
    He Xiangjian

    He Xiangjian is the Co-founder of Midea Group, which is known to be one of the world’s largest appliance makers. Midea Group is electrical appliances manufacturer that has more than 200 subsidiaries.

    The company is known for its products like lighting, water appliance, floor care, small kitchen appliance, laundry, cooking appliance and refrigeration appliances. According to Bloomberg Billionaire Index, Xiangjian was ranked the 44th place as his net worth was $32.7 billion in April 2021.

    Media is also the world largest producers of robots and appliances which is why the company was also listed in the Fortune Global 500 since 2016. He Xiangjian stepped down from the company operation in 2012, but is still one among the richest in China and Asia with a wealth of $32.70 billion.

    10. Lee Shau Kee

    Founder/Chairman Henderson Land Development
    Net Worth US $31.10 billion (as of October 2021)
    Industry Real Estate
    Country Hong Kong
    Age 93 (2021)

    Le Shau Kee
    Le Shau Kee

    Le Shau Kee is a billionaire businessman from Hong Kong, real estate tycoon, founder and former chairman of Henderson Land Development. Henderson Land Development is a well known property conglomerate with stakes in property, hotels, restaurants and internet services.

    The company’s main activities are property development, investment, project management, construction, hotel operation, finance, investment holding and infrastructure. The billionaire controlled over 70.17% of the share capital of the company as of 2015.

    Kee stepped down from the position of chairman in 2019 at the age of 91 and passed the mantel to his sons. Le Shau Kee is one of the richest people in Hong Kong and in Asia. His net worth is estimated to be $31.10 billion, as of 16th October 2021.

    11. Colin Huang

    Founder/ CEO Pinduoduo
    Net Worth US$31.10 billion (as of October 2021)
    Industry E-commerce, Agriculture
    Country China
    Age 41 (2021)

    Colin Huang
    Colin Huang

    Colin Huang also known as Huang Zheng is a Chinese billionaire businessman, the Founder and CEO of Pinduoduo. Pinduoduo is a leading E-commerce and the largest agriculture-focused technology platform in China. Pinduoduo’s main objective is to connect farmers and distributors directly with the consumers and provide an interactive shopping experience.

    Over 600,000 merchants have sold their produce through the platform with more than 12 million farmers supplying their fruits and vegetable to the merchants. According to Bloomberg, the platform has over 628 million customers and made $4.2 billion in 2019. Huang has also founded two other popular internet based companies known as Xinyoudi (a gaming business) and Ouku.com (an e-commerce platform).

    The businessman has grown his wealth steadily in the recent years, climbing the global ranks from number 94 in 2019, to number 57 in 2020, and then 21. As of 16th October 2021, Colin Huang net worth is US$31.10 billion, which makes him the one of the richest people in China and the 11st richest person in Asia.


    Top 50 Richest Indians in 2020: Comprehensive List
    India is home to some insanely wealthy families and individuals well-knownacross the globe. India has the third largest group of rich people[https://startuptalky.com/demerits-disadvantage-rich/] after the US and China —121 people out of the 2068 individuals that Forbes took into account for itsa…


    12. Tadashi Yanai

    Founder/ Chairman Fast Retailing
    Net Worth US$32.5 billion (as of October 2021)
    Industry Retail
    Country Japan
    Age 72 (2021)

    Tadashi Yanai
    Tadashi Yanai

    Tadashi Yanai is a Japanese Billionaire businessman, the Founder and President of Fast Retailing. Fast Retailing is public Japanese retail holding company that owns more than a 1000 stores. The company owns popular Japanese subsidiaries like Uniqlo, J brand, Comptoir des Cotonniers, GU, Princesse Tam Tam and Theory.

    He is also the biggest shareholder of Asia’s largest clothing retailer known as Uniqlo. According to Bloomberg Billionaire Index, Tadashi Yanai became the richest person in Japan and the 34th richest person in the world, as his net worth was estimated to be $42.billion as of April 2021.

    However, as of 16th October 2021, the billionaire’s net worth is US $32.5 billion, making him the richest person in Japan and among the richest in Asia.

    13. Ding Lei

    Founder/CEO NetEase
    Net Worth US $29.8 billion (as of October 2021)
    Industry Technology
    Country China
    Age 49 (2021)

    Ding Lei is also known as William ding is a Chinese Billionaire businessman, the Founder and CEO of NetEase. NetEase is Internet Tech Company known for its services like content, community, communications and commerce. The company also develops online PC and mobile games, advertising services and e-commerce platforms in China.

    NetEase is one of the largest internet and video game companies in the world. Besides gaming, NetEase works with other online media entertainment like movies and music. Ding Lei is known to have made many contributions to the development of computer networks in China, while his company work with Blizzard Entertainment and Microsoft subsidiary Mojang.

    According to Bloomberg, the net worth of Ding Lei as of 16th October 2021 is $29.8 billion, making him one of the richest people in China and in Asia.

    14. Wang Wei

    Founder/Chairman SF Express
    Net Worth US $28.8 billion (16th October 2021)
    Industry International express delivery and logistics services
    Country China
    Age 50 (2021)

    Wang Wei is a Chinese billionaire businessman, the Founder and Chairman of SF Express. SF Express is a multinational express delivery services and logistics company. The company is the 2nd largest courier in China as it provides domestic and international express delivery.

    It is also known for the SF Airlines which has a fleet of 50 cargo aircrafts. SF Express began in 2009 and has transported more than two million tonnes of cargo till 2018. This is why the SF Express is known as the “Fedex of China.”

    As of 16th October 2021, the net worth of Wang Wei is US $28.8 billion, making him one among the richest people in China as well as in Asia.

    15. Takemitsu Takizaki

    Founder/Chairman Keyence
    Net Worth $28.5 billion (as of October 2021)
    Industry Technology
    Country Japan
    Age 75 (2021)

    Takemitsu Takizaki is a Japanese bilionaire businessman, founder and chairman of Keyence. Keyence is a well-known manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes.

    The company has many big brands as its clients Toyota, Toshiba, and Volkswagen. Takizaki stepped down as the company chairman but still has a net worth of $28.5 billion, as of 16th October 2021, making him one of the richest people in Japan and Asia.

    16. Masayoshi Son

    Founder/ CEO Softbank
    Net Worth US$28.20 billion (as of October 2021)
    Industry Investment
    Country Japan
    Age 63 (2021)

    Masayoshi Son
    Masayoshi Son

    Masayoshi Son is a Japanese billionaire entrepreneur, the Founder and CEO of SoftBank and also the chairman of the UK based Arm Holdings. Softbank is a well-known Japanese multinational holding company that operates in the areas of broadband, fixed-line telecommunications, e-commerce, internet, technology services, finance, media and marketing, semiconductor design, etc.

    The company was also ranked 36th in the list of Forbes Global 2000. Masayoshi Son’s net worth is estimated to be $28.2 billion as of 16th October 2021, making him the one of the richest people in Japan and the 16th richest person in Asia. Masayoshi was also ranked as the 45th in the list of Most Powerful People, according to Forbes.


    Income of the Top Richest people in the world | [2021 Updated]
    With the increase in their wealth, the richest of the people also inspire theworld to come to their level. However, very few people can hustle as the richestdo. Hence, top inspire more people to hustle and motivate them, here is a listof the top world richest man monthly income in a year, month, …



    Shocking Demerits Of Being Rich
    > “Before you speak, listen. Before you write, think. Before you spend, earn.Before you invest, investigate. Before you criticize, wait. Before you pray,forgive. Before you quit, try. Before you retire, save. Before you die, give.” – William A. WardDemerits of being RichWho doesn’t want to be r…


    17. Yang Huiyan

    Chairman and Majority stake holder Country Garden Holdings and Bright Scholar Education Holdings
    Net Worth US $27.3 billion (as of August 2021)
    Industry Real Estate
    Country China
    Age 40 (2021)

    Yang Huiyan
    Yang Huiyan

    Yang Huiyan is a Chinese billionaire businesswoman, Property developer and a majority stakeholder of Country Garden Holdings, 70% of shares of the company were transferred to her by her father Yang Guoqiang in 2007.

    The Country Garden is a property development company that constructs buildings and manages hotels in China, owned by Yang’s family. The company was ranked 147thin the Fortunes Global 500 list. Country Garden has more than 200 high-end township developments in countries like China, Malaysia, and Australia.

    As of August 2021, Yang Huiyan’s net worth is estimated to be $27.3 billion, making her not only the richest woman in China but also the richest woman in Asia.


    Real Estate Business Ideas You Can Start in India
    The business of real estate is serious business and today, it is almost become agold mine. Truth be told, there are many entrepreneurs[https://startuptalky.com/tag/entrepreneurs/] who have tapped into it and are makingmillions. People are always on the lookout to buy houses and buildings and are…


    18. Qin Yinglin

    Founder/Chairman Muyuan Foodstuff
    Net Worth US $25 billion (as of October 2021)
    Industry Food and beverage
    Country China
    Age 56 (2021)

    Qin Yinglin is a Chinese billionaire, founder and chairman of Muyuan Foodstuff. Muyuan is a popular pig breeding and distribution company that breeds and sells pigs and pork products. Qin is known to have started the company with his wife in 1992, and by 2019 the company made $3 billion.

    The agriculture billionaire is known to be the “the country’s largest pig breeder in the world’s biggest pork market”, according to Forbes. Qin is famous as the world’s richest farmer. His net worth is estimated to be $25 billion, as of 16th October 2021. This makes him one of the richest people in China and in Asia.


    Top 10 Richest Real Estate Developers in India
    Real Estate is always considered as one of the best investments by Indians.There are a number of real-estate companies in India. In a country like Indiawhere the population is increasing, the real estate industry is considered togrow much more in the near future. The increase in demand for the r…


    19. Pang Kang

    Chairman Foshan Haitian Flavouring and Food Co.
    Net Worth US $23.80 billion (as of October 2021)
    Industry Food and beverage
    Country China
    Age 65 (2021)

    Pang Kang is a Chinese billionaire businessman and the chairman of a popular food and beverage company known as Foshan Haitian Flavoring and Food Co. The company manufactures a wide variety of sauces and flavoring, it is also the largest manufacturer of Soy Sauce in the world.

    Based in China’s Guangdong providence, the food company made $2.9 billion in 2019, within five years of its launch. Foshan also makes over 200 different condiments such as oyster sauce, hoisin, shrimp, vinegar, and chicken stock.

    As of 16th October 2021, the net worth of Pang Kang is over $23.80 billion, making him one of the richest people in China and in Asia as well.

    20. Li Xiting

    Founder/Chairman Shenzhen Mindray Bio-Medical Electronics
    Net Worth US $21.30 billion (as of October 2021)
    Industry Medical Electronics
    Country Singapore
    Age 70 (2021)

    Li Xiting is a Singaporean billionaire, Founder and former Chairman of Shenzhen Mindray Bio-Medical Electronics. Over the year the billionaire has been one of the pioneers in the world of healthcare. While his company is known to operate in 30 countries and have over 17 subsidiaries.

    Mindray is known for its healthcare devices such as health monitoring systems, ventilators, defibrillators, anesthesia machines and infusion systems. According to Forbes, Li Xiting is the richest person in Singapore in 2020. As of 16th October 2021, the net worth of Li Xiting is $21.30 billion, making him the richest Singaporean and among the richest people in Asia.


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    The Adani group is an Indian multinational conglomerate with a revenue of about$12 billion for the financial year 2015 to 2016. The company headquartered inAhmedabad, Gujarat, India. Adani is a leading global integrated infrastructureplayer that includes diverse businesses like coal trading, coal…


    Frequently Asked Questions

    Who are the top three richest people of the world?

    The top three billionaires of the world are Elon Musk, with a net worth of $203.4 billion, followed by Jeff Bezos with $197.7 billion and Bernard Arnault with $193.2 billion, as of 16th October 2021.

    Who are the top ten richest people of Asia?

    The top ten richest billionaires of Asia are Mukesh Ambani, Zhong Shanchan, Gautam Adani, Robin Zeng, Ma Huateng, Zhang Yiming, Jack Ma, Li Ka Shing, He Xiangjian, Le Shau Kee.

    Who are the other top people of Asia?

    The other top billionaires of Asia are He Xiangjian, Ding Lei, Li Ka Shing, Yang Huiyan, Wang Wei, Pang Kang, Li Xiting, Qin Yinglin and Takemitsu Takizaki.

  • Why did India’s Super rich saw a dip in their wealth in 2020?

    The Wealth of Individuals during the Coronavirus Pandemic had seen an increase where the top 10 richest men in the world had earned a lot and increased their net worth during the year 2020. However, in India, the Super Rich has seen a dip in their net worth. Let’s look at the reason for it.

    India’s Super Rich – Latest News
    Reason Why the Super rich saw a dip in their wealth
    Super Rich in India
    Did the Global Wealth got Affected
    FAQ

    India’s Super Rich – Latest News

    According to a report from Credit Suisse, the wealth of India’s super-rich has seen a dip of around 4.4% to USD 12.38 trillion in the year 2020. While the wealth of Mukesh Ambani, Adar Poonawalla, and Gautam Adani had seen a significant rise in their net worth, the overall wealth of the country’s super-rich had seen a fall in their net worth.

    Reason Why the Super rich saw a dip in their wealth

    One of the major reasons for the dip in the net worth of India’s super-rich is due to the rupee’s fall during the situation of Coronavirus Pandemic in the year 2020. According to the research by Credit Suisse, a research institute, the number of millionaires in terms of dollars had seen a fall of 6,98,000 in the year 2020 from 7,64,000 in the year 2019. This is only due to the fall in the value of the rupee.

    The cumulative wealth had fallen to USD 12.38 trillion and saw a decline of around USD 594 billion from the previous year.

    Value of Currency in circulation in India
    Value of Currency in circulation in India

    Why Experts believe GDP of India will grow by 10% this Financial Year
    The major cities of India have been under lockdown from the month of April andmost of them have increased the lockdown to 31 May 2021 as of now. Even afterthe economic shutdown the Indian business magnate Rakesh Jhunjhunwala hasconveyed positive sentiments towards the Indian economy and stock mar…


    Super Rich in India

    India is considered to be a home for the Super-rich as around 1% of the global rich are Indians. Even amidst the pandemic, the number had seen a rise of around 5.2 million to reach 56.1 million. AS per the report by 2025, the number of millionaires in India is expected to see a rise to 1.3 million which is around 81.8 % growth.

    In the year 2020, every adult Indian had a worth of an average of USD 14,252 in the year 2020 which has seen an annual growth over the years of around 8.8% from the year 2000. India has seen much better growth while compared to the global average that is around 4.8 %.

    In India, there were around 4,320 ultra-high net worth individuals who had a net worth that was more than USD 50 million.

    Did the Global Wealth got Affected

    While looking at the Global Wealth it has seen an increase of around USD 28.7 trillion to reach USD 418.3 trillion. The Wealth had seen a dip in the first quarter of 2020 of around USD 17.5 trillion. As of now, adults require more than USD 1 million to be in the top 1 % which has seen an increase from USD 988,103 in the year 2019.

    When it comes to the rich, the Ultra High net worth individuals had seen a growth in their wealth by adding more members to the group. Around 24 Ultra High Net worth individuals were added to the group in the year 2020.

    According to the economists from Credit Suisse, the creation of wealth in the year 2020 was largely immune to the challenges that were faced by the world due to certain actions taken by the Government and Central Banks to reduce the impact of the pandemic on the economy.

    However, with regards to the transient effect on worldwide business sectors, the pandemic unleashed ruin in the principal quarter of 2020 as $17.5 trillion was lost from complete worldwide family abundance in between January and March of 2020. In any case, by June-end share costs started to take off and it arrived at record levels by year-end.

    Eventually, $28.7 trillion was added to worldwide family abundance during the year, taking the total worldwide abundance up by $28.7 trillion to $418.3 trillion, the report said.


    Shocking Demerits Of Being Rich
    > “Before you speak, listen. Before you write, think. Before you spend, earn.Before you invest, investigate. Before you criticize, wait. Before you pray,forgive. Before you quit, try. Before you retire, save. Before you die, give.” – William A. WardDemerits of being RichWho doesn’t want to be r…


    Conclusion

    Wealth per adult has seen a rise of over 6 % in order to reach another record of USD 79,952. However, it is found that the countries that have been affected the worst from the Coronavirus Pandemic have not been a lot affected in terms of the creation of wealth.

    FAQ

    How many millionaires are there in India?

    India has around 759 thousand millionaires.

    Who is the youngest billionaire in India?

    Nikhil Kamath, the co-founder of Zerodha is India’s youngest billionaire at the age age of 34.

    How many billionaires are in India?

    India ranks third in most number of billionaires with 140 billionaires in the country.