Asia boasts some of the world’s wealthiest individuals, whose fortunes span diverse industries from technology and telecommunications to real estate and e-commerce. Led by prominent figures like Mukesh Ambani of India and Zhong Shanshan of China, these billionaires have accumulated vast wealth through visionary leadership and strategic investments, underscoring Asia’s pivotal role in global economic dynamics.
Mukesh Ambani, Asia’s wealthiest individual as of July 2024, serves as the chairman and managing director of Reliance Industries. He made significant strides in sports ownership by acquiring the Mumbai Indians in 2008. Ambani’s telecom venture, Jio, has rapidly gained over 470.29 million subscribers, while the recent launch of Jio Financial Services in August signifies his company’s expanding footprint. In July 2023, a partnership between BlackRock and Jio Financial Services formed Jio BlackRock, aimed at introducing cutting-edge investment solutions in India.
According to the recent data, Mukesh Ambani of India stands as the richest man of India, with a net worth of $113.5 billion, followed by Gautam Adani, Prajogo Panestu and Zhong Shanshan.
Here is the list of top-10 richest people in Asia in July 2024:
| Top-10 Richest People in Asia in July 2024 | |||
| Rank | Name | Country | Net worth (in $ billions) |
| 1. | Mukesh Ambani | India | $113.5 |
| 2. | Gautam Adani | India | $85.7 |
| 3. | Prajogo Pangestu | Indonesia | $61.8 |
| 4. | Zhong Shanshan | China | $59.3 |
| 5. | Colin Zheng Huang | China | $50.7 |
| 6. | Zhang Yiming | China | $43.4 |
| 7. | Savitri Jindal & Family | India | $41.2 |
| 8. | Ma Huateng | China | $40.4 |
| 9. | Tadashi Yanai and Family | Japan | $36.8 |
| 10. | Li Ka-Shing | Hong Kong | $35.8 |
Asia’s wealthiest individual as of July 2024, Mukesh Ambani, holds the positions of chairman and managing director at Reliance Industries. He entered the realm of sports ownership by acquiring the Mumbai Indians in 2008. Reliance’s telecom and broadband service, Jio, has garnered an impressive subscriber base of nearly 470.29 million. The recent launch of Jio Financial Services in August underscores Ambani’s strategic expansion efforts. Moreover, a notable development includes the collaboration between BlackRock and Jio Financial Services, forming Jio BlackRock in July 2023 to pioneer innovative investment solutions in India.
Ranked as Asia’s second wealthiest individual in July 2024, Gautam Adani leads the Adani Group, a conglomerate valued at $81 billion. From its origins as a trading firm in 1988, Adani has expanded its portfolio to include ports, airports, energy, and sustainable initiatives. He has demonstrated his leadership in India’s airport operations and oversees Gujarat’s pivotal Mundra Port. Additionally, Adani’s acquisition of Holcim’s Indian assets in 2022 significantly bolstered his standing as the country’s second-largest cement producer.
Ranked as Asia’s third wealthiest individual in July 2024, Prajogo Pangestu is renowned as Indonesia’s richest man. Beginning with a timber business, he has transformed PT Barito Pacific into a powerhouse in petrochemicals, plastics, mining, and thermal energy within Indonesia. Pangestu’s wealth surged notably in 2023 following the successful public listings of his companies, Petrindo Jaya Kreasi and Barito Renewables Energy, further solidifying his position as a key figure in Asia’s business landscape.
As Asia’s fourth wealthiest individual in July 2024, Zhong Shanshan is celebrated as the richest man in China. Known for founding Nongfu Spring, a leading bottled water company, he transitioned from a background in construction and journalism to successful entrepreneurship. Zhong also holds significant influence over Beijing Wantai Biological Pharmacy, renowned for its rapid Covid-19 diagnostic tests. By the close of 2022, he maintained his position as China’s wealthiest individual, amassing a fortune estimated at $62.3 billion. His diverse ventures underscore his prominence in both business and healthcare sectors across Asia.
Ranked as Asia’s fifth wealthiest individual in July 2024, Colin Huang is the founder of PDD Holdings, formerly known as Pinduoduo, a prominent Chinese e-commerce giant. Despite stepping down as chairman a few years ago, Huang retains significant ownership with approximately 28% of the company’s shares. Additionally, he has ventured into online gaming with Xinyoudi and launched another e-commerce platform, Ouku.com. Recognized among China’s top 100 richest individuals by Forbes in 2022, Huang’s entrepreneurial ventures continue to shape the landscape of digital commerce in Asia.
Mukesh Ambani of India stands as the richest man of India, with a net worth of $113.5 billion,
Gautam Adani with a net worth of $85.7 billion, stands as the second richest man of Asia.
The top-5 richest people of Asia are: Mukesh Ambani, Gautam Adani, Prajogo Pangestu, Zhong Shanshan and Colin Zheng Huang.
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