Ambanis are two times wealthier than the second richest family in Asia: Report
As per the Bloomberg Billionaires Index ranking of 20 richest dynasties in Asia, the Ambani family is two times wealthier than Asia’s second-richest family - the Kwoks of Hong Kong (with a net wealth of $33 billion) and three times richer than South Korea’s Lee family.
December 01, 2020 / 06:14 PM IST
A ranking of Asia’s richest families published by Bloomberg in November 2020 has revealed that Mukesh Ambani’s family is now twice as wealthy as the second richest family of Asia.
As per the Bloomberg Billionaires Index ranking of 20 richest dynasties in Asia, the Ambani family is two times wealthier than Asia’s second-richest family - the Kwoks of Hong Kong (with a net wealth of $33 billion) and three times richer than South Korea’s Lee family. In fact, the Ambanis’ fortune equal five times the net worth of Japan’s Torii and Saji family.
Even though the Bloomberg ranking excludes first-generation wealth, the wealth of $76 billion amassed by three generations of the Ambani family is an astounding figure. Their wealth has increased by over $25 billion since Bloomberg’s July 2019 ranking. As against this, the other families that made it to the list of top 20 richest Asian families have added only around $10 billion.
Mukesh Ambani, the owner of Reliance Industries Ltd
(RIL), has been expanding his business rapidly in India and even the coronavirus pandemic – which has brought most parts of the world to its knees – could not slow him down.
India’s richest man Mukesh Ambani, has in fact, been adding Rs 90 crore per hour to his wealth since the coronavirus lockdown was imposed in India in March.
The rapid expansion of his empire and wealth during this period has helped the Ambanis get so much wealthier than Asia’s second-richest family.
Notably, two other Indian families have also featured on the Bloomberg list at the eighth and 16th positions – the Mistry family that runs the Shapoorji Pallonji Group (net wealth of $22 billion) and the Hinduja family (net worth of $15.1 billion), respectively.
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