Among them, Samsung family members owned 18.2 billion dollars, which was the 12th largest in Asia. The figure is down two notches from 18.5 billion dollars last year.
Samsung previously ranked fifth in the top five Asian rich families in 2019 ($28.5 billion) and 2020 ($26.6 billion), but fell to 15th in 2022 ($16.3 billion).
The Ambani family, which controls Reliance Industries, India’s largest oil and telecommunications conglomerate, topped the list of rich Asian families. The Ambani family owns 102.7 billion dollars.
Bloomberg News introduced that Mukesh Ambani, chairman of Reliance Industries, lives in a luxury 27-story mansion called the world’s most expensive private house. The Hartono family (44.8 billion dollars), which owns the Indonesian tobacco company Jarum and BCA Bank, came in second, and the Mistry family (36.2 billion dollars), which runs the Indian builder Safurj Palonji Group, came in third. The Guo (郭) family ($32.3 billion), which leads Hong Kong’s largest real estate developer, Sunhong Kai, and the Cherawanon family, which leads Thailand’s conglomerate CP Group, ranked fourth and fifth, respectively.
The Yutiya family of Thailand’s TCP group, the maker of energy drinks Red Bull, ranked sixth with 30.2 billion dollars, while the Jindal family of Indian steel and energy company OP Jindal group with 27.6 billion dollars came in seventh. “This year’s tally shows that for the first time since 2020, the chaebol families in mainland China have not been included in the top 20,” Bloomberg said. “This is an indicator of how the concentration of wealth and power in Asia is changing as China’s growth slows down. Instead, India is moving. India’s stock market this week surpassed Hong Kong as the world’s fourth-largest.”
JULIE KIM
US ASIA JOURNAL
