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Ranked: The 15 Richest Multi-Generational Families in Asia

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This graphic shows the richest families in Asia in 2023 with data from Bloomberg.

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The 15 Richest Multi-Generational Families in Asia

Today, Asia’s 15 richest families control over $400 billion in wealth.

Many family dynasties have shaped Asia’s economy—from energy conglomerates to banking empires. In many ways, this was supported by social capital and long-term planning often built into family business structures.

The above graphic uses data from Bloomberg to show the wealthiest families in Asia from a multi-generational perspective. Data is based on combined family wealth and does not include first generation founders, or single family heirs.

Ranking the Wealthiest Families

Here are the region’s richest dynasties as of March 14, 2023.

RankFamilyLocation GenerationsCompanyWealth
1Ambani🇮🇳 India3Reliance Industries$79.3B
2Hartono🇮🇩 Indonesia3Djarum, Bank Central Asia$38.8B
3Kwok🇭🇰 Hong Kong3Sun Hung Kai Properties$34.8B
4Mistry🇮🇳 India5Shapoorji Pallonji Group$28.4B
5Chearavanont🇹🇭 Thailand4Charoen Pokphand Group$28.2B
6Yoovidhya🇹🇭 Thailand2TCP Group$27.4B
7Cheng🇭🇰 Hong Kong4New World Development, Chow Tai Fook$25.9B
8Pao/Woo🇭🇰 Hong Kong3BW Group, Wheelock$22.6B
9Tsai🇹🇼 Taiwan3Cathay Financial, Fubon Financial$21.4B
10Lee🇰🇷 South Korea3Samsung$18.5B
11Lee🇭🇰 Hong Kong5Lee Kum Kee$17.9B
12Ng🇸🇬 Singapore3Far East Organization$16.5B
13Kwek/Quek
🇸🇬 Singapore, 🇲🇾 Malaysia
3Hong Leong Group$15.8B
14Sy🇵🇭 Philippines3SM Investments$15.7B
15Birla🇮🇳 India7Aditya Birla Group$15.5B

Note: Values are subject to change with market fluctuations.

As seen in the table above, the Ambani family controls a $79 billion empire, the largest in Asia. At the helm is Mukesh Ambani, Asia’s richest person, who lives with his family in a 27-story skyscraper in Mumbai.

For three generations, the Ambanis have run a vast network of energy, retail, and telecom firms in India under Reliance Industries, the largest company in India.

Indonesia’s Hartono family is second on the list with a $39 billion fortune. After inheriting the Djarum cigarette company from their father, brothers Budi and Michael Hartono invested in Bank Central Asia. It is Indonesia’s largest private bank with over $6 billion in revenue in 2022.

The Kwok family, ranked third at $35 billion, control one of Hong Kong’s largest property development companies, covering mainly commercial and residential real estate. They are one of four families in the top 15 from Hong Kong, the largest of any one country or territory.

Driving Higher Returns

Family-run businesses play a major role in Asia beyond establishing family dynasties.

Across a global dataset of 1,000 family-run publicly listed companies from Credit Suisse, 517 were from the Asia-Pacific region in 2022. Overall, family-run companies were shown to have higher innovative output due to longer tenures generating stronger social capital, combined with more efficient operating models.

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Misc

Ranked: The Top 10 U.S. Pizza Chains by Market Share

Domino’s is the biggest pizza chain in the U.S. by sales.

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Graphic showing America’s biggest pizza chains by 2022 revenue.

Ranked: Top 10 U.S. Pizza Chains by Market Share

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

About 3 billion pizzas are sold annually in the United States. In 2022, pizza restaurant sales in the U.S. reached an all-time high of $46.9 billion, an increase of roughly $10 billion compared to just a decade prior.

This graphic lists the top 10 U.S. pizza chains based on 2022 sales figures. This data was accessed via Statista (published June 2023).

Domino’s Domination

Domino’s is the biggest pizza chain in the U.S. by sales, reaching $8.6 billion in revenue in 2022. The brand is also found in 90 other countries around the globe, including stores on every continent except Antarctica.

According to Domino’s main website, there are over 20,500 locations worldwide, which collectively serve over 1 million customers per day.

Domino’s is followed by Pizza Hut with $5.3 billion in revenue. Little Caesars, with $4.7 billion, completes the top three.

Company2022 Revenue (USD)
Domino's Pizza8,572,000,000
Pizza Hut5,270,000,000
Little Caesars4,724,000,000
Papa Johns3,712,000,000
Marco's Pizza1,063,000,000
Papa Murphy's753,000,000
MOD Pizza662,000,000
Hungry Howie's534,000,000
Round Table463,000,000
Jet's Pizza441,000,000

The top end of this ranking contains household names, but regional pizza chains also make the cut. Jet’s Pizza is popular in the Great Lakes region, and most Hungry Howie’s locations can be found in Michigan and Florida.

The overall number of pizza restaurants in the U.S. has been on the rise, reaching more than 80,000 units in 2022.

If you enjoyed this post, be sure to check out this graphic, which visualizes the change in market share of U.S. carbonated soft drinks between 1995 and 2023.

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