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

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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.


RankNameNet WorthCountryBusiness
1Lee family$29.6 billionSouth KoreaSamsung
2Chearavanont family$27.7 billionThailandCharoen Pokphand (CP) Group
3Ambani family$25.8 billionIndiaReliance Group
4Kwok family$25.2 billionHong KongSun Hung Kai & Co
5Lee family$24.7 billionHong KongHenderson 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

RankNameNet WorthCountryBusiness
3Ambani family$25.8 billionIndiaReliance Group
10Hinduja family$14.9 billionIndia, U.K.Hinduja Group
11Premji family$14.6 billionIndiaWipro
13Mistry family$14 billionIndiaShapoorji Pallonji Group
16Mittal family$13.2 billionIndiaArcelorMittal
19Godrej  family$12.3 billionIndiaGodrej Group
22Birla family$9.6 billionIndiaAditya Birla Nuvo Ltd.
26Bajaj family$6.9 billionIndiaBajaj Group
31Burman family$5.8 billionIndiaDabur India Ltd.
32Bangur family$5.75 billionIndiaShree Cement
36Lal family$5.3 billionIndiaEicher Group
38Jindal family$5 billionIndiaJindal Group
40Patel family$4.9 billionIndiaCadila Healthcare
42Munjal family$4.3 billionIndiaHero Group
43Singh family$4.26 billionIndiareal estate
48Dhingra family$3.6 billionIndiapaints
50Piramal family$3.4 billionIndiaPiramal 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