Richest Person in Asia 2023 - Top 10 Listed (with Net Worth)
by B Kishwar
Updated Apr 04, 2023
Richest Person in Asia 2023
The competition for the title of the richest person in Asia is fierce, with many wealthy individuals vying for the top spot. These individuals may come from a variety of industries, including technology, finance, real estate, retail, and more. Some of the most well-known names in the race for the title include Jack Ma, founder of Alibaba Group, Mukesh Ambani, Chairman of Reliance Industries, Ma Huateng, founder of Tencent, and Tadashi Yanai, founder of Fast Retailing.
The net worth of the richest person in Asia is typically measured in billions of dollars, and their wealth is often derived from a combination of factors such as ownership stakes in successful companies, investments in stocks and other assets, and sometimes even inherited wealth. These individuals often have significant influence over the economies of their respective countries and may be involved in philanthropic efforts and other charitable activities.
The media often closely follows the activities of the richest person in Asia, including their business dealings, personal life, and charitable contributions. As such, this person is often subject to intense public scrutiny and may be seen as a symbol of the economic power and growth of the continent of Asia.
Top 10 Richest Person in Asia 2023
With the ascent of Asia's economic power, billionaires from the continent are wielding an increasingly significant influence on global financial policies. Our focus in this article is on the ten wealthiest individuals in Asia for the year 2023. Their ranking is subject to fluctuations in their net worth, which reflects the performance of some of the largest commercial institutions on the continent. The ranking is based on their calculated net worth from the previous year and how they fared against their competitors in the market to secure a position on this coveted list.
S. No
Richest Person in Asia
Net Worth
1
Gautam Adani
$124.8 Billion
2
Mukesh Ambani
$89.5 Billion
3
Zhong Shanshan
$65.7 Billion
4
Zhang Yiming
$49.5 Billion
5
Ma Huateng
$44 Billion
6
Robin Zheng
$38.8 Billion
7
Li Ka-Shing
$33.4 Billion
8
Li Shau Kee
$29.3 Billion
9
Tadashi Yanai
$29 Billion
10
William Ding
$26.4 Billion
1. Gautam Adani($124.8 Billion)
Gautam Adani is an Indian industrialist and entrepreneur who has made his fortune primarily through his business ventures in the infrastructure, energy, and logistics sectors. He is the founder and chairman of the Adani Group, one of India's largest conglomerates, which operates in a diverse range of industries such as ports, airports, power generation, and mining. Adani's net worth has seen a meteoric rise in recent years, due to the success of his group's businesses and the overall growth of India's economy. His current net worth is estimated to be $124.8 billion, making him the richest person in Asia.
2. Mukesh Ambani ($89.5 Billion)
Mukesh Ambani is an Indian business magnate and the chairman of Reliance Industries, India's largest private sector company. Under his leadership, Reliance has diversified into a wide range of industries, including petrochemicals, refining, oil and gas exploration, and telecommunications. Ambani is also a major player in India's e-commerce industry, with his company Jio Platforms operating a suite of digital services. His net worth is currently estimated at $89.5 billion, which makes him the second-richest person in Asia.
3. Zhong Shanshan ($65.7 Billion)
Zhong Shanshan is a Chinese entrepreneur and the founder of Nongfu Spring, one of the largest bottled water companies in China. He is also the chairman of Beijing Wantai Biological Pharmacy Enterprise Co., which produces vaccines and diagnostic kits. Zhong's net worth has grown rapidly over the past few years, particularly after his company Nongfu Spring went public in 2020. He is currently worth an estimated $65.7 billion, making him the third-richest person in Asia. Despite his immense wealth, Zhong is known for his low-profile and reclusive nature, and he rarely gives interviews or makes public appearances.
4. Zhang Yiming ($49.5 Billion)
Zhang Yiming is a Chinese internet entrepreneur and the founder of ByteDance, a multinational internet technology company headquartered in Beijing. ByteDance's most well-known product is the short-video-sharing app TikTok, which has become a global phenomenon in recent years. Zhang founded the company in 2012 and has since overseen its rapid growth, expanding into multiple markets and acquiring a number of other companies. His net worth is estimated at $49.5 billion, making him one of the wealthiest people in Asia. However, Zhang has announced plans to step down as CEO of ByteDance and move into a new role, which could have significant implications for the future of the company.
5. Ma Huateng ($44 Billion)
Ma Huateng, also known as Pony Ma, is a Chinese entrepreneur and the founder of Tencent Holdings, one of the largest internet companies in the world. Tencent is known for its social media and gaming platforms, including WeChat, the popular messaging app. Ma has overseen the company's growth since its founding in 1998 and is currently one of the wealthiest people in Asia, with a net worth of $44 billion. In addition to his business activities, Ma is also involved in philanthropy and has donated millions of dollars to charitable causes in China.
6. Robin Zheng ($38.8 Billion)
Robin Zheng is a Chinese businessman and investor who has a net worth of $38.8 billion as of 2023. He is the founder and CEO of Tencent, one of the largest technology companies in China. Tencent is best known for its social media and gaming platforms, including WeChat and League of Legends. Robin Zheng is one of the most prominent businessmen in Asia, and his influence on the region's technology industry is immense. He is known for his strategic investments and his ability to identify emerging market trends. In addition to his business ventures, Robin Zheng is also a notable philanthropist and has donated millions of dollars to various charitable causes.
7. Li Ka-Shing ($33.4 Billion)
Li Ka-Shing is a Hong Kong-based businessman and investor who has a net worth of $33.4 billion as of 2023. He is the founder of Cheung Kong Holdings, a conglomerate that operates in various sectors, including real estate, retail, and energy. Li Ka-Shing is one of the most prominent businessmen in Asia, and his influence on the region's economy is immense. He is known for his strategic investments, and he has been dubbed the "Warren Buffett of Asia." In addition to his business ventures, Li Ka-Shing is also a notable philanthropist and has donated billions of dollars to various charitable causes.
8. Li Shau Kee ($29.3 Billion)
Li Shau Kee is a Hong Kong-based entrepreneur who has a net worth of $29.3 billion as of 2023. He is the founder of Henderson Land Development, one of the largest property developers in Hong Kong. Li Shau Kee is known for his shrewd investments and his ability to spot emerging market trends. He is also a notable philanthropist and has donated millions of dollars to various charitable causes. Li Shau Kee's business ventures have made him one of the wealthiest people in Asia, and his influence on the region's economy is significant.
9. Tadashi Yanai ($29 Billion)
Tadashi Yanai is the founder and CEO of Fast Retailing, which owns the popular fashion brand Uniqlo. As of 2023, Yanai's net worth is estimated to be $29 billion, making him the tenth richest person in Asia. Yanai started his career in retail at his father's clothing store, but later ventured out to create his own company. He founded Fast Retailing in 1963, and the company has since grown into one of the largest fashion retailers in the world. Yanai has a reputation for his innovative business strategies and for being a strong proponent of corporate social responsibility. In addition to his work at Fast Retailing, Yanai is also involved in various philanthropic efforts, including supporting education and disaster relief initiatives.
10. William Ding ( $26.4 Billion)
William Ding is the founder and CEO of NetEase, a leading Chinese internet technology company. With a net worth of $26.4 billion, Ding is the eleventh richest person in Asia. Ding started his career in the tech industry in the early 1990s, developing computer software and online games. He later founded NetEase in 1997, which has since grown into a major player in China's tech industry. The company's products include online games, e-commerce platforms, and other internet services. Ding is known for his entrepreneurial spirit and his focus on innovation, with NetEase being at the forefront of many technological advancements in China. He has also been involved in various philanthropic initiatives, including supporting education and disaster relief efforts.
Who is the Richest Man in Asia?
Mukesh Ambani, the chairman of Reliance Industries, has been the richest man in Asia for several years. However, according to recent reports, his longtime rival Gautam Adani has been gaining on him in terms of wealth. Gautam Adani is the founder and chairman of the Adani Group, a conglomerate with interests in ports, logistics, power generation, and other businesses. Adani's wealth has been rapidly increasing in recent years, thanks to a surge in the share prices of his companies. As of late 2021, Adani's net worth was estimated to be $90.2 billion USD, putting him close behind Ambani in the ranking of Asia's wealthiest individuals. This is a significant increase from his net worth of $16.2 billion USD at the beginning of 2021.
Adani's rise in wealth has been fueled by his investments in renewable energy, which have gained popularity in India due to the government's push for clean energy. Adani has also been expanding his port and logistics businesses, as well as venturing into new areas like airports and data centres. Despite the competition between Ambani and Adani, they have also collaborated on several business ventures. For example, Reliance Industries and the Adani Group are jointly developing a 5,000 MW solar park in the Indian state of Rajasthan. Overall, the competition between Ambani and Adani is a sign of the growing wealth and influence of India's business leaders. As both individuals continue to expand their businesses and invest in new ventures, it will be interesting to see how their fortunes evolve in the years to come.
Top 10 Richest Person in Asia 2022
Below listed are the top 10 richest peoplesia 2022. Have a read!
S. No
Richest Person in Asia
Net Worth
1
Mukesh Ambani
$90.5 billion
2
Gautam Adani & family
$89.9 billion
3
Shiv Nadar
$28.7 billion
4
Radhakishan Damani
$19.7 billion
5
Lakshmi Mittal
$19.3 billion
6
Savitri Jindal & family
$17.6 billion
7
Kumar Birla
$17.2 billion
8
Cyrus Poonawalla
$16.5 billion
9
Dilip Shanghvi
$15.6 billion
10
Uday Kotak
$15.6 billion
Richest Person in Asia 2023 - FAQs
Gautam Adani is an Indian industrialist and entrepreneur who has made his fortune primarily through his business ventures in the infrastructure, energy, and logistics sectors. He is the founder and chairman of the Adani Group, one of India's largest conglomerates.
Mukesh Ambani is an Indian business magnate and the chairman of Reliance Industries, India's largest private sector company. Under his leadership, Reliance has diversified into a wide range of industries, including petrochemicals, refining, oil and gas exploration, and telecommunications.
Zhong Shanshan is a Chinese entrepreneur and the founder of Nongfu Spring, one of the largest bottled water companies in China. He is also the chairman of Beijing Wantai Biological Pharmacy Enterprise Co., which produces vaccines and diagnostic kits.
Zhang Yiming is a Chinese internet entrepreneur and the founder of ByteDance, a multinational internet technology company headquartered in Beijing. ByteDance's most well-known product is the short-video sharing app TikTok, which has become a global phenomenon in recent years.
Ma Huateng, also known as Pony Ma, is a Chinese entrepreneur and the founder of Tencent Holdings, one of the largest internet companies in the world. Tencent is known for its social media and gaming platforms, including WeChat, the popular messaging app.