C-Suite Lifestyle

Asia’s Richest Man Title: Jack Ma Vs Mukesh Ambani

Mukesh Ambani

Mukesh Ambani has lost the Asia’s Richest Man title to Jack Ma. With a net worth of $43.4 billion, as on the day of filing this story, Mukesh Ambani is placed on the 19th position on Bloomberg Billionaires Index, a daily ranking of the richest people, preceded by Jack Ma with net worth of $44.6 billion.

Jeff Bezos, Bill Gates, Bernard Arnault, Warren Buffett, and Mark Zuckerberg were the top five on the list with net worth of $113 billion, $105 billion, $77.9 billion, $77 billion, and $65.3 billion respectively.

Apart from the Chinese e-commerce tycoon Jack Ma, Pony Ma (No. 20; $38.9 billion), Hui Ka Yan (No. 32; $24.5 billion), Yang Huiyan (No. 34; $23.9 billion), He Xiangjian (No. 41; $22.1 billion), William Ding (No. 44; $19.6 billion), Colin Huang (No. 49; $18.2 billion), Wang Jianlin (No. 57; $16.4 billion), Zhang Zhidong (No. 58; $16.4 billion), Zhong Huijuan (No. 70; $15.8 billion), Liu Yonghao (No. 86; $14.2 billion), Sun Piaoyang (No. 93; $13.6 billion), and Qin Yinglin (No. 98; $13.1 billion) are the other twelve Chinese in the top 100 list.

After oil prices collapsed along with global stocks, Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma. Apart from Reliance Industries Chairman Mukesh Ambani, Azim Premji (No. 66; $15.9 billion), Shiv Nadar (No. 82; $14.5 billion) and Uday Kotak (No. 96; $13.4 billion) are the other three Indians in the top 100 list.

Stock market mayhem – WHO ELSE LOST BILLIONS?

Only a few of the world’s billionaires did well after Monday’s collapse. Jeff Bezos and Bill Gates lost more than $5 billion each in the rout. But no one did worse than those whose fortunes are underpinned by oil.

Top 10 Richest people in Asia

  1. Jack Ma, China
    Net worth: $44.6 billion
    About: Founder of Alibaba Group

    Jack Ma

  2. Mukesh Ambani, India
    Net worth: $43.4 billion
    About: Chairman, managing director, and largest shareholder of Reliance Industries

    Mukesh Ambani

  3. Pony Ma, China
    Net worth: $38.9 billion
    About: Co-founder and chief executive officer of Tencent Holdings

    Tencent founder Ma Huateng (aka Pony Ma)

  4. Tadashi Yanai, Japan
    Net worth: $25.8 billion
    About: Chairman and biggest shareholder of Fast Retailing

    Tadashi Yanai

  5. Hui Ka Yan, China
    Net worth: $24.5 billion
    About: chairman and largest shareholder of China Evergrande Group
  6. Li Ka-Shing, Hong Kong
    Net worth: $24.5 billion
    About: Founder of CK Hutchison Holdings
  7. Yang Huiyan, China
    Net worth: $23.9 billion
    About: Majority shareholder of Country Garden Holdings

    Yang Huiyan

  8. Lee Shau Kee, Hong Kong
    Net worth: $22.8 billion
    About: founder and largest shareholder of Henderson Land Development
  9. He Xiangjian, China
    Net worth: $22.1 billion
    About: Founder and largest shareholder of Midea Group
  10. William Ding, China
    Net worth: $19.6 billion
    About: CEO and largest shareholder of NetEase

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Ryan Miller

Ryan Miller

Global Assignment Editor
Ryan Miller is the Global Assignment Editor at CEOWORLD magazine. He covers anything and everything related to CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide, whether lists or lifestyle, business or rankings. During his five-year tenure at CEOWORLD magazine, he has employed his expertise in data science across several roles. Ryan was previously responsible for data modelling and analytics, as well as secondary research, on the CEOWORLD magazine Custom Research team. He can be reached on email ryan-miller@ceoworld.biz. You can follow him on Twitter at @ceoworld.