Asia’s 5 richest families in 2025

By Dat Nguyen   February 20, 2025 | 03:04 pm PT
These five families all control major conglomerates with interests in property, retail, technology and energy, possessing a combined wealth of US$248 billion, according to Bloomberg.

1. The Ambani Family, India

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar, India, September 23, 2017. Photo by Reuters

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar, India, September 23, 2017. Photo by Reuters

The Ambani Family, which controls Indian conglomerate Reliance Industries, is the riches family in Asia with a net worth of $90.5 billion.

Reliance Industries' origins date back to the late 1950s, when Dhirubhai Ambani, father of Mukesh and Anil, began building the company.

Following Dhirubhai's death in 2002 without a will, his widow facilitated a division of the family's assets between her sons.

Mukesh now leads the Mumbai-based conglomerate, which operates the world's largest oil refinery and is diversifying into technology, retail, financial services, and renewable energy, with his children overseeing these various divisions.

Mukesh resides in a 27-story residence considered the world's most costly private home.

2. The Chearavanont Family, Thailand

Dhanin Chearavanont gestures upon arrival at a Thailand-China Business Council seminar in Bangkok, March 15, 2013. Photo by Reuters

Dhanin Chearavanont gestures upon arrival at a Thailand-China Business Council seminar in Bangkok, March 15, 2013. Photo by Reuters

The Chearavanonts came second with a combined wealth of $42.6 billion.

Escaping a typhoon's devastation in his southern Chinese village, Chia Ek Chor immigrated to Thailand and began a new life selling vegetable seeds with his brother in 1921.

A hundred years later, his son, Dhanin Chearavanont, leads the Charoen Pokphand Group as senior chairman, overseeing a diversified conglomerate spanning the food, retail, and telecommunications sectors.

In 2020, Dhanin’s grandson, Korawad, founded Amity, a tech startup whose clients include some of CP Group’s units.

3. The Hartono Family, Indonesia

Michael Hartono, co-owner of Djarum Group. Photo by Reuters

Michael Hartono, co-owner of Djarum Group. Photo by Reuters

In the third place, the Hartonos, which controls cigarette producer Djarum and Bank Central Asia, report $42.2 billion in net worth.

In 1950, Oei Wie Gwan acquired a cigarette brand, which he rebranded as Djarum. The company flourished, becoming a leading cigarette manufacturer in Indonesia.

Following Oei's death in 1963, his sons expanded the business by investing in Bank Central Asia, a stake that today represents the majority of the family's wealth.

4. The Mistry Family, India

Shapoor Mistry, chairman of Shapoorji Pallonji Group. Photo courtesy of the company

Shapoor Mistry, chairman of Shapoorji Pallonji Group. Photo courtesy of the company

The five-generation Mistry Family is the second Indian family on the list with a wealth of $37.5 billion.

Pallonji Mistry's grandfather co-founded a construction business in India with an Englishman in 1865, marking the beginning of the family's enterprise.

Today, the Shapoorji Pallonji Group operates across diverse sectors, notably in engineering and construction.

However, the family's wealth is primarily tied up in an illiquid investment in Tata Sons, the principal holding company of the $400 billion conglomerate Tata Group.

Following Ratan Tata's passing, Noel Tata now leads the Tata Trusts.

5. The Kwok Family, Hong Kong

Raymond Kwok, chairman of Sun Hung Kai Properties. Photo courtesy of the company

Raymond Kwok, chairman of Sun Hung Kai Properties. Photo courtesy of the company

Rounding up the list is the Kwoks with a wealth of $35.6 billion.

In 1972, Kwok Tak-seng took Sun Hung Kai Properties public, a move that propelled the company to become a leading real estate developer in Hong Kong and the foundation of the Kwok family's wealth.

After Kwok Tak-seng's death in 1990, his sons, Walter, Thomas, and Raymond, took over the company.

However, a dispute among the brothers led to Walter's removal as chairman in 2008, leaving Raymond at the helm.

 
 
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