The designation of the richest man in Asia keeps changing from one person to another almost every year. However, there are a few top richest men who are most likely to acquire this position. We will now discuss some information about Asia’s Richest Man in 2022 and the other rich business tycoons of Asia who play a big role in running the economy.
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Asia’s Richest Man in 2022- Gautam Adani
Gautam Adani is the inventor of the Adani group and is the richest Indian and Asian billionaire. He has spread his business across industries such as coal mining, port operations, and green energy ventures. All these years, his journey from being a school dropout to coming to this position has been fantastic!
He was born in June 1962 in Ahmedabad. His father was a petty textile merchant in Gujarat. His initial career involved sorting diamonds for Mahendra Brothers in Mumbai in the year 1987. However, in 1981, his elder brother made him an operations manager in his plastic unit. After that, he launched his own primary polymer importing company, which he used to sell to small-scale industries. As of today, his total wealth is around USD 150 billion. Over the past few years, he has moved forward with a nation-first philosophy, which has helped him work in coordination with the government, helping him earn more.
Slowly and gradually, Adani is venturing into the defense sector, data centers, renewable energy, and airports too. In 2022, he surpassed Mukesh Ambani to become Asia’s richest person and the 3rd richest person in the world.
Some wealth facts about Gautam Adani-
- The total yearly revenue of Gautam Adani’s Adani Group is around $21 billion.
- His industry deals across ports, airports, edible oils, power generation, and transmission, green energy, cement, real estate, etc.
- Gautam Adani owns a 400 crore home and a $50 million worth private jet.
- The Adani Group controls Gujarat’s largest port- the Mundra Port.
- In September 2020, Adani acquired a 74% stake in India’s second busiest airport- The Mumbai International Airport. This made him the biggest airport operator in India.
- His company became the 2nd largest cement-producing company in the country by acquiring the Swiss firm Holcim’s Indian assets for a whopping $10.5 billion.
- In the near future, Adani is planning on investing $70 billion in renewable energy projects to move forward in the direction of becoming the world’s largest producer of green energy.
Asia’s Richest Man in 2021- Mukesh Ambani
Mukesh Ambani is the managing director of a Fortune Global 500 company Reliance Industries Ltd. It is the most profitable and treasured company in India and has a market value of around 98 crore rupees.
Mukesh Ambani was born in April 1957 in the British Crown colony of Aden, which is presently known ad Yemen. His father was Dhirubhai Ambani, who was quite an established Indian businessman himself. His mother was Kokilaben Ambani.
In 1958, his father moved back to India to start his business. He started by working at a petrol pump and later established a significantly huge business empire in Mumbai. The first trading business of Dhirubhai Ambani was a spices and textiles trading business that was named “Vimal.”
Later on, Mukesh Ambani and his brother Anil Ambani joined their father’s business and took it to new heights. However, Anil Ambani was not as successful as his brother. Mukesh Ambani expanded the already established business of petrochemicals that they had and started dealing in telecommunications, retail, etc.
Mukesh Ambani has been the richest man in Asia from 2008 to only giving up the position in 2022 to Gautam Adani. He was also the 6th wealthiest man in the world in the year 2020. The net worth of Mukesh Ambani in 2022 is USD 88.8 billion.
Some other wealth-related facts about Mukesh Ambani and his business.
- The Reliance industry has an estimated revenue of $104 billion and deals across sectors, including petrochemicals, oil, gas, telecom, and retail, amongst others.
- His father, Dhirubhai Ambani, founded Reliance in 1966 as a small-scale textile company. He and his brother divided the empire after their father’s demise.
- By launching Jio in 2016, Reliance managed to spark a telecom price war. At present, the service has around 420 million subscribers and is all set to bring forth its 5G service.
- Ambani is making a paradigm shift into green energy, and for that, it has decided to invest around $80 billion in the coming 10-15 years on renewable energy. The renewable energy complex will be next to its refinery.
- Ambani’s son Akash is Reliance Jio’s chairman, daughter Isha is into his retail business, and his younger son has been handling the charge of the energy business.
Other Asian Billionaires You Need To Know About
Apart from Gautam Adani and Mukesh Ambani, there are multiple other Asian businessmen who have become billionaires with their successful industrial setups and endeavors.
Zhong Shanshan
Zhong Shanshan is the architect and founder of the bottled water company Nongfu Spring, which was publicly released in September 2020. He had to quit his schooling at a young age due to the Cultural Revolution in China, after which he began his journey as a construction worker. Later, he toiled across multiple petty jobs, such as being a salesperson, a newspaper reporter, and much more, to earn a living.
Today, Zhong Shanshan is also the head of the Beijing Wantai Biological Pharmacy, which also went public in 2020. As of 2022, the net worth of Zhong Shanshan is around $66.9 billion.
Zeng Yuqun
Zeng Yuqun is a Chinese entrepreneur and the founder of Contemporary Amperex Technology (CATL). His company is amongst the biggest battery makers and suppliers in the automobile sphere.
The company was founded in 2011 by Zeng in Ningde, China. However, it was only in June 2018 that the company went public. This made Zeng quite rich, with a net worth of around $34.4 billion.
Ma Huateng
Pony Ma, or Ma Huateng, is the chairman of the Chinese giant Tencent holdings. It is one of the highest-valued businesses in China, with famous games such as PUBG and Honor of Kings, and social messaging apps such as WeChat under its umbrella, which both have millions of users.
In 2018, it made its subsidiary named Tencent Music public on the New York Stock Exchange. The net worth of Ma presently is $32.8 billion. He keeps a low profile despite being a prevalent public figure.
Zhang Yiming
Zhang is amongst the top 10 Asia’s richest men. He is a founder of ByteDance, which is TikTok’s parent company. Currently, the net worth of Zhang stands at $44.5 billion.
He was born in the Fujian province of China and completed his software engineering from Nankai University in 2005.
In his career’s initial stages, he worked for Microsoft. However, the launch of his social media giant made him rich and brought his name among the richest Asians.
Jack Ma
Jack Ma has been at the position of Asia’s richest man when he was the executive chairman of the Alibaba Group. He is the co-founder of the Alibaba Group and has managed to acquire a fortune worth $31 billion through his business. However a few days ago, he decided to quit his post at the Alibaba Group.
It was only in 2014 that the Alibaba Group started trading on the NY Stock Exchange, which helped them raise a whopping amount of $25 billion. This made him a billionaire and among the richest people in the world. He has also invested in a Chinese media company named Huayi Brothers.
Azim Premji
Azim Premji is an Indian businessman and a technology entrepreneur. He went to study at Stanford University in the US but had to return in 1966 to handle his father’s business of cooking oil after the demise of his father.
However, when IBM had to leave India in 1979, he founded his own tech giant named Wipro, which made him an IT key player. Today, he is the chairman of Wipro limited and has a net worth of around $24.4 billion.
Conclusion
The Indians and the Chinese reign in the sphere of the richest men in the Asian subcontinent. Through their highly developed businesses and years of hard work, they have achieved this status. This has helped them generate an enormous amount of money and create a massive empire for their children and their grandchildren to continue their legacy!
