Reliance’s Ambani reigns on Asia’s 20 Richest Families list as Trump’s tariff storm brews; check details

Reliance’s Ambani reigns on Asia’s 20 Richest Families list as Trump’s tariff storm brews; check details

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Reliance Industries’ Chairman, Mukesh Ambani has added another feather to his cap, securing the top spot on Bloomberg’s Asia’s 20 Richest Families list, which was released on Thursday.

Ambani, who took the reins of Reliance Industries in 2002 following the death of his father Dhirubhai Ambani, has expanded the Mumbai-based conglomerate into a global powerhouse with interests in oil refining, tech, retail, financial services, and green energy.

Gujarat-based industrialist’s family, too, plays key roles in these ventures, with his children overseeing various business units.

Gautam Adani not in the list: Check reason

In a surprising twist, Gautam Adani, the tycoon behind Adani Group, didn’t make the cut. Adani, being a first-generation businessman, was excluded from the dynastic-specific ranking.

His omission has sparked interest, as the list tends to focus on family-run empires. Adani’s absence also highlights the unique methodology used by Bloomberg to compile the rankings.

Turbulent times amid tariff threats

The list arrives amid a turbulent global landscape, with President Trump’s tariff threats and unpredictable policies looming large. Asia’s wealthiest families are bracing for potential impacts, especially with Trump’s contentious relationship with China and his close ties to Indian Prime Minister Narendra Modi.Some of India’s richest, like Kumar Birla, have already congratulated Trump, seeing potential benefits from his presidency. Others, like Adani, have expressed admiration for Trump’s “unbreakable tenacity” despite the challenges facing the business magnate.Meanwhile, Asia’s top families are wondering how Trump’s tariffs will affect their fortunes. For instance, the Zhang family, behind aluminum giant China Hongqiao, could face challenges from a prolonged trade war. Others, like the Chearavanont family of Thailand’s CP Group, might find themselves benefiting from a shift in foreign investment due to the “China Plus One” strategy.

Amid the chaos, experts suggest that Asia’s business elite may need a “Trump whisperer”—someone who can decode the president’s unpredictable policies and strategies. After all, a quick trip to Mar-a-Lago might be the next best move for those trying to stay ahead in a volatile landscape.

List of Aisa’s Top 20 Families:

  1. Ambanis- Reliance Industries (India)
  2. Chearavanonts- Charoen Pokphand Group (Thailand)
  3. Hartonos- Djarum, Bank Central Asia (Indonesia)
  4. Mistrys- Shapoorji Pallonji Group (India)
  5. Kwoks- Sun Hung Kai Properties (Hong Kong)
  6. Tsai- Cathay Financial, Fubon Financial (Taiwan)
  7. Jindals- OP Jindal Group (India)
  8. Yoovidhyas- TCP Group (Thailand)
  9. Birlas- Aditya Birla Group (India)
  10. Lees- Samsung (South Korea)
  11. Zhangs- China Hongqiao, Shandong Weiqiao Textile (China)
  12. Chengs- New World Development, Chow Tai Fook (Hong Kong)
  13. Bajajs- Bajaj Groups (India)
  14. Pao/Woos- BW Group, Wheelock (Hong Kong)
  15. Kwek/Queks- Hong Leong Group (Singapore/Malaysia)
  16. Kadoories- CLP Holdings (Hong Kong)
  17. Chirathivats- Central Group (Thailand)
  18. Hindujas- Hinduja Group (India)
  19. Sys- SM Investments (Philippines)
  20. Lees- Lee Kum Kee (Hong Kong)

(With inputs from Bloomberg)

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