Current Affairs PDF

17 Indian families among Forbes Asia’s 50 Richest Families, Ambani Family top among Indian

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

17 Indian families get place in 2016 edition of Forbes Asia’s 50 Richest Families. The 17 entries from India have a combined wealth of $153.61 billion.Lee family of South Korea, topped the list for the second year in a row. Its combined wealth grew to $29.6 billion, up from $26.6 billion last year. The family owns Samsung group.

  • Among Indian the top place is occupied by Ambani family. Overall Ambani family is at number 3 with Net Worth of 25.8 billion.

TOP 5 in the List of 2016 edition of Forbes Asia’s 50 Richest Families.

Forbes

Rank Name Net Worth Country Business
1 Lee family $29.6 billion South Korea Samsung
2 Chearavanont family $27.7 billion Thailand Charoen Pokphand (CP) Group
3 Ambani family $25.8 billion India Reliance Group
4 Kwok family $25.2 billion Hong Kong Sun Hung Kai & Co
5 Lee family $24.7 billion Hong Kong Henderson Development

Three Indian families made their debut on the list

  1. The Singh family ranked No. 43 ($4.26 billion) the owner of real estate company DLF
  2. The Dhingra family ranked No. 48 ($3.6 billion) who own Berger Paints – India’s second largest paint maker
  3. The Piramal family ranked No. 50 ($3.4 billion), who have vast business base ranging from real estate to health care.

Indians in the List

Rank Name Net Worth Country Business
3 Ambani family $25.8 billion India Reliance Group
10 Hinduja family $14.9 billion India, U.K. Hinduja Group
11 Premji family $14.6 billion India Wipro
13 Mistry family $14 billion India Shapoorji Pallonji Group
16 Mittal family $13.2 billion India ArcelorMittal
19 Godrej  family $12.3 billion India Godrej Group
22 Birla family $9.6 billion India Aditya Birla Nuvo Ltd.
26 Bajaj family $6.9 billion India Bajaj Group
31 Burman family $5.8 billion India Dabur India Ltd.
32 Bangur family $5.75 billion India Shree Cement
36 Lal family $5.3 billion India Eicher Group
38 Jindal family $5 billion India Jindal Group
40 Patel family $4.9 billion India Cadila Healthcare
42 Munjal family $4.3 billion India Hero Group
43 Singh family $4.26 billion India real estate
48 Dhingra family $3.6 billion India paints
50 Piramal family $3.4 billion India Piramal Enterprises

The Asia’s Richest Families list computed wealth using stock prices and currency exchange rates from the close of business as on October 28, 2016. To be eligible for listing, a family’s wealth must have roots in Asia and participation in building that fortune for atleast three generations. The minimum net wealth to qualify for the list was $3.4 billion.

  • Mukesh Ambani is the chairman of Reliance Industries Ltd, which owns Network 18, publisher of Forbes India