FX.co ★ Top billionaires of Asia in 2024

Mukesh Ambani

The first place in the ranking of Asia's wealthiest people is occupied by Mukesh Ambani, the 66-year-old chairman of India's largest holding company Reliance Industries. According to the latest estimates, his personal capital equals more than $100 billion. The main source of income for the industrialist is diversified investments, for instance, in such areas as telecommunications and finance. In the telecom industry, Mukesh Abani has achieved significant financial success with the Jio company, which has attracted over 450 million subscribers and has become a key player in the market.

Gautama Adani

Second place on the list is given to 61-year-old Indian businessman Gautama Adani, the founder and CEO of the diversified corporation Adani Group with an annual turnover of $32 billion. According to recent estimates, the net worth of this tycoon is almost $80 billion. The main source of income of Gautama Adani is his coal mining companies and thermal energy production as well as the country's largest network of airports. In addition, since 2022, Adani Group owns India's largest cement manufacturer Holcim.

Zhong Shanshan

The third place among the richest Asian billionaires is 68-year-old Chinese businessman Zhong Shanshan. Nowadays his net worth is estimated at $62.4 billion, making him the wealthiest person in the country. Zhong Shanshan is the founder of Nongfu Spring, a beverage company manufacturing mainly bottled water. The other source of his financial success is a controlling stake in the Beijing Wantai Biological Pharmacy company which produces rapid tests for Covid-19.

Colin Huang Zheng

In fourth place in the ranking of the richest Asians is 43-year-old Chinese entrepreneur Colin Huang Zheng whose fortune is estimated at $53 billion. The tycoon is the founder of the largest online retailer in China, Pinduoduo, which was renamed PDD Holdings last year. Even though Colin Huang Zheng stepped down as chairman several years ago, he still owns about 28% of its shares. In addition, the businessman’s portfolio includes assets of the online retailer Xinyoudi and another e-commerce marketplace Ouku, both of which he also founded.

Zhang Yiming

39-year-old Chinese IT businessman Zhang Yiming ranks fifth on the list of the wealthiest people in Asia. At present, his account includes more than $43 billion. This tycoon is known as the founder of the technology giant ByteDance, whose main achievement is the globally popular TikTok application, which boasts more than 1 billion users worldwide. Currently, Zhang Yiming owns a 20% stake in ByteDance, which operates in various sectors including news, education and gaming.