Asia’s richest billionaire families and their single family offices
Throughout the last years, a high number of family offices – the investment firms of wealthy families – were created in the Asian region. As part of the research work for our unique database of the largest single family offices in the Asia-Pacific region, we compiled an overview of Asian billionaires, their investment vehicles and especially their family offices.
Asia’s most important single family offices in our unique dabatase
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This article stems from our research for the Asian Single Family Office database, which features key family investment vehicles across Asia. Our list highlights influential family offices investing in sectors such as financial markets, real estate, venture capital, private equity, and renewable energy.
Richest billionaires in Asia:
#1: Mukesh Ambani Family Office, $116BN Net Worth
Asias’s richest man – Mukesh Ambani – earned his $116BN fortune through his diversified conglomerate Reliance Industries. Today, Reliance employs almost 195,000 people and has yearly revenues in the amount of $92BN. Ambanis’ family office is mainly investing in the energy and real estate sector. In 2022, Ambani appeared to open his first own single family office in Singapore. The family office was set up by the billionaire’s company, Reliance Industries.
#2: Gautam Adani Family Office, $56BN Net Worth
Less known but still one of the richest billionaires in Asia: Gautam Adani. The Indian billionaire industrialist built a multinational conglomerate focused on port development and operations in India which is also active in energy, resources, logistics, agribusiness, real estate, financial services, defense and aerospace. The Adani Group generates revenues of $13 billion with operations at 70 locations in 50 countries.
#3: Zhong Shanshan Family Office, $53BN Net Worth
By founding Nongfu Springs, Zhong Shanshan created an extremely successful but on the other hand also simple beverage company that became China’s largest bottled water producer. Even the Indian government tried to copy his business model but failed.
#4: Prajogo Pangestu Family Office, $47.4BN Net Worth
Prajogo Pangestu, an Indonesian business tycoon, investor, and philanthropist, is the founder of Barito Pacific Group, a conglomerate with diverse interests in forestry, plantations, oil and gas, coal and gold mining, and renewable energy. His family office, established in August 2016, was created to manage and expand the Pangestu family’s wealth.
#5: Ma Huateng Family Office, $45.8BN Net Worth
Ma Huateng is the founder of one of the most famous technology companies in China: Tencent. Asia’s most valuable company is one of the biggest investment, gaming, and entertainment conglomerates in the world. Its founder is an active venture capital and private equity investor who focuses on the Internet, information technology, gaming, marketing, and software.
#6: Zhang Yiming Family Office, $43.4BN Net Worth
The guy who could keep many youths busy during lockdown with his app TikTok: Zhang Yiming. His mother company, Byte Dance, is valued at $400 billion, making it the most valuable startup in the world.
#7: Colin Zheng Huang Family Office, $39BN Net Worth
Colin Huang founded the e-commerce company Pinduoduo, which went on to become a leading grocery marketplace in China. The firm developed the largest agriculture-focused technology platform in China. It connects farmers and distributors directly with consumers.
#8: Tadashi Yanai Family Office, $38.7BN Net Worth
Tadashi Yanai is a Japanese billionaire businessman and founder and president of the retail holding company Fast Retailing, Japan’s most successful retail firm and the parent company of Uniqlo, a well-known Japanese clothing brand. The firm generates $20 billion of revenues and employs 35,000 people.
#9 Li Ka-Shing Family Office, $37.3 BN Net Worth
Li Ka-shing, known as “Superman” for his remarkable business success, founded his first company, Cheung Kong Plastics, in 1950. Today, his conglomerate is led by his son, Victor, yet Li remains one of Hong Kong’s wealthiest individuals. His family office, Horizons Ventures Limited, has made over 250 active investments
#10: Masayoshi Son Family Office, $32.7BN Net Worth
The Japanese billionaire and technology entrepreneur Masayoshi Son is the founder and CEO of the holding company SoftBank. The multinational conglomerate holding company owns stakes in many technology, energy, and financial companies and runs Vision Fund, the world’s largest technology-focused venture capital fund.
Picture source: Swapnil Bapat