According to a ranking published by Bloomberg on Sunday, the Ambanis are the wealthiest among Asia’s families, owing their riches to the Reliance Industries conglomerate headquartered in Mumbai. The rest of the ranking’s top 10 is a mix of different industries, countries and also some global household names.
The Ambanis’ wealth is more than double that of the next family on the ranking, the Kwoks out of Hong Kong, and it also earns them a spot as the only Asian clan among the world’s wealthiest families. Two Thai families are among the top 10, with Red Bull inventors, the Yoovidhyas, in rank 6. The Lee family behind South Korean electronics maker Samsung made it into rank 5.
Rounding off the top 10 is the Sy family, which made it big in the Philippines. Starting off in food and shoe retail, their business branched out into banking as well as property and today runs Banco de Oro, SM Supermarkets and SM department stores, among others.
Founder Henry Sy actually emigrated to the Philippines from China in the 1930s. Chinese emigrants are quite common among the list of Asia’s most wealthy families. Chearavanont patriarch Chia Ek Chor came to Thailand from Southern China in 1921 and started out selling seeds. The Pao/Woo family and the inventors of Oyster Sauce, the Lee family (rank 12), made their fortunes in Hong Kong after emigrating from Mainland China.