Mukesh Ambani still on top, Gautam Adani slips to third -- a look at the top 10 richest people in Asia

May 29, 2021

By: sanya.singh@timesinternet.in

Credit: Forbes

Mukesh Ambani — chairman of Reliance Industries | India

World rank: 12 | Net worth: $81.7 billion | He raised more than $20 million by selling one-third of Jio to a string of investors like Google and Facebook, during the COVID-19 lockdown.

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Zhong Shanshan — chairman of The Nongfu Spring Beverages | China

World rank: 14 | Net worth: $71.6 billion | The bottled water company holds more than a quarter of the bottled water market in China.

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Gautam Adani and Family — Chairman of The Adani Group | India

World rank: 17 | Net worth: $66.5 billion | Adani Group's interests include power generation and transmission, edible oil, real estate and defence.

Credit: GQ

Ma Huateng — chairman of Tencent | China

World rank: 21 | Net worth: $58.8 billion | Tencent's popular social messaging app WeChat has more than 1 billion users. The group had listed its music-streaming subsidiary, Tencent Music, on the New York Stock Exchange in December 2018.

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Jack Ma — chairman of Alibaba Group | China

World rank: 28 | Net worth: $46.3 billion | Ma's investments beyond Alibaba include a stake in Chinese media and entertainment company Huayi Brothers. Alibaba's 2014 IPO in New York set a record as the world's biggest public stock offering, raising $25 billion.

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Colin Zheng Huang — founder and CEO of Pinduoduo | China

World rank: 30 | Net worth: $44 billion | Pinduoduo is one of China's largest e-commerce sites. Pinduoduo had raised $1.6 billion in the U.S. IPO in July 2018 amid criticism over its alleged sale of counterfeit products.

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Tadashi Yanai and Family — founder and president of Fast Retailing | Japan

World rank: 32 | Net worth: $40.9 billion | Parent of the Uniqlo chain. Fast Retailing's other brands include Theory, Helmut Lang, J Brand and GU. The company reported net profit of $853 million for the fiscal year ended August 2020 on revenue of $19 billion.

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Masayoshi Son — founder and CEO of SoftBank | Japan

World rank: 33 | Net worth: $37.9 billion | A slew of Son-backed IPOs are expected in 2021, including that of Indian insurance aggregator Policy Bazaarand China's ride-hailing firm Didi Chuxing.

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Robin Zeng — founder and chairman of Contemporary Amperex Technology| Hong kong

World rank: 35 | Net worth: $36.9 billion | His company is one of the world's largest suppliers of batteries for electric vehicles which listed on the Shenzhen Stock Exchange in 2017, has clients such as BMW, Volkswagen and Geely.

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Zhang Yiming — founder of TikTok parent ByteDance | China

World rank: 36 | Net worth: $36.3 billion | The company raised fresh investment funds at a valuation of $75 billion in 2018. A proposed transaction with Walmart and Oracle is still ongoing after former US President Donald Trump ordered ByteDance to sell TikTok's U.S. operations back in August 2020.

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Arnault overtakes Bezos — Top 10 richest people in the world according to Forbes as of May 24, 2021