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16 Nov 2017

Indians dominate Forbes 2017 list of Asia's 50 richest families

Forbes releases 2017 list of Asia's richest families

Seventeen Indian business dynasties have made it to the Forbes 2017 list of Asia's 50 Richest Families.

With a net worth of $44.8 billion, the Ambanis have topped the list for the first time, thanks to the bumper success of their newly-launched telecom arm, Reliance Jio.

The total wealth of the 50 families is estimated to be $699 billion, a 35% increase from 2016.

In context

Forbes releases 2017 list of Asia's richest families


Premji, Birla, Mistry, Godrej, Bajaj also on the list

Other families that feature on the list include:

11. Premjis | $19.2bn | Wipro

14. Mittals | $17.2bn | ArcelorMittal

16. Mistrys | $16.1bn | Shapoorji Pallonji group

19. Birlas | $14.1bn | Diversified

20. Godrejs | $14bn | Godrej group

26. Bajajs | $9.3bn | Bajaj group

32. Jindals | $7.68bn | Jindal group

35. Burmans | $7.05bn | Dabur group


Samsung's Lees at No. 2, Hong Kong's Kwok family next

The family behind Samsung Electronics, Korea's Lees, are at No. 2.

Despite a considerable increase in their wealth this year ($29.6bn), the Lee family lost its top spot from last year to the Ambanis, who were then two spots behind them.

Asia's richest real estate group, Hong Kong's Kwok family features at No. 3 this year with a net worth of $40.4 billion.

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43 clans on the 2016 list have become richer since

As per the MSCI AC Asia Index, the wealth of 43 clans featured on the 2016 has increased in the last one year, mostly because of an overall 25% rise in Asia's stock markets for the year ended October 31.

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