Economy
Ranked: The 15 Richest Multi-Generational Families in Asia
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.
| Rank | Family | Location | Generations | Company | Wealth |
|---|---|---|---|---|---|
| 1 | Ambani | 🇮🇳 India | 3 | Reliance Industries | $79.3B |
| 2 | Hartono | 🇮🇩 Indonesia | 3 | Djarum, Bank Central Asia | $38.8B |
| 3 | Kwok | 🇭🇰 Hong Kong | 3 | Sun Hung Kai Properties | $34.8B |
| 4 | Mistry | 🇮🇳 India | 5 | Shapoorji Pallonji Group | $28.4B |
| 5 | Chearavanont | 🇹🇭 Thailand | 4 | Charoen Pokphand Group | $28.2B |
| 6 | Yoovidhya | 🇹🇭 Thailand | 2 | TCP Group | $27.4B |
| 7 | Cheng | 🇭🇰 Hong Kong | 4 | New World Development, Chow Tai Fook | $25.9B |
| 8 | Pao/Woo | 🇭🇰 Hong Kong | 3 | BW Group, Wheelock | $22.6B |
| 9 | Tsai | 🇹🇼 Taiwan | 3 | Cathay Financial, Fubon Financial | $21.4B |
| 10 | Lee | 🇰🇷 South Korea | 3 | Samsung | $18.5B |
| 11 | Lee | 🇭🇰 Hong Kong | 5 | Lee Kum Kee | $17.9B |
| 12 | Ng | 🇸🇬 Singapore | 3 | Far East Organization | $16.5B |
| 13 | Kwek/Quek | 🇸🇬 Singapore, 🇲🇾 Malaysia | 3 | Hong Leong Group | $15.8B |
| 14 | Sy | 🇵🇭 Philippines | 3 | SM Investments | $15.7B |
| 15 | Birla | 🇮🇳 India | 7 | Aditya 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.
United States
Visualizing the Most Sought-After Entry Level Jobs in 2023
Some jobs need a degree, while others don’t. Here are the top 20 most sought-after entry level jobs with and without a degree.
The Most Sought-After Entry Level Jobs of 2023
In the fast-paced realm of job hunting, staying ahead of the curve is crucial. And if you are an entry-level job applicant, the pressure is a notch higher.
New entrants in any job market today compete with groundbreaking technology like ChatGPT in addition to their peers. In the United States, these applicants have to also wade through an uncertain labor market, inflation, and long lists of job requirements.
Indeed.com has identified the most sought-after entry level positions for applicants both with and without a degree in the U.S., and the year-on-year growth of these job postings.
Most Sought-After Entry-Level Jobs With a Degree
As the U.S. job market recovers from its pandemic slump, some careers are now booming. This in turn has opened up numerous opportunities for entry-level job applicants.
| Rank | Job Title | Average Annual Salary | Change in Postings (2022‒2023) |
|---|---|---|---|
| 1 | Outside Sales Representative | $60,000 | +258% |
| 2 | Transportation Coordinator | $47,500 | +227% |
| 3 | Quality Auditor | $84,500 | +131% |
| 4 | Accounting | $52,000 | +125% |
| 5 | Tax Preparer | $67,500 | +123% |
| 6 | Loan Processor | $55,000 | +100% |
| 7 | Retention Specialist | $50,000 | +100% |
| 8 | Network Operations Technician | $85,500 | +94% |
| 9 | Mental Health Manager | $42,000 | +93% |
| 10 | Speech-Language Pathologist | $60,000 | +84% |
| 11 | Geotechnical Engineer | $65,000 | +80% |
| 12 | Patient Access Manager | $90,000 | +77% |
| 13 | HR Coordinator | $67,500 | +75% |
| 14 | Lead Generation Specialist | $62,500 | +73% |
| 15 | Design Coordinator | $55,000 | +73% |
| 16 | Pharmaceutical Sales Representative | $74,378 | +71% |
| 17 | Behavioral Therapist | $50,000 | +68% |
| 18 | Special Events Coordinator | $54,000 | +67% |
| 19 | IT Engineer | $92,500 | +67% |
| 20 | Structural Engineer | $90,000 | +63% |
The demand for sales jobs multiplied this year as customer-facing businesses slowly returned to their pre-pandemic levels.
At the top of this list is the job for an Outside Sales Representative. Paying upwards of $60,000, postings for this job have grown by over 250% in a year, making it the most sought-after position for applicants with a degree.
The healthcare industry has secured its place in the top ranks too. Careers including mental health case managers, speech pathologists, behavioral therapists, and patient access managers dominate the Top 20 list.
Let’s not forget about the tech sector. While entry-level network technicians can earn upwards of $85,000 on average, while IT engineers are paid an entry package of over $90,000.
Most Sought-After Entry-Level Jobs Without a Degree
Nearly 65% of the U.S. working population does not have a four-year degree. However, millions of these workers continue to be highly skilled across professions and have a shot at some of the most sought-after entry level jobs in the country.
| Rank | Job Title | Average Annual Salary | Change in Postings (2022‒2023) |
|---|---|---|---|
| 1 | Inventory Manager | $59,000 | +189% |
| 2 | Auto Body Technician | $82,500 | +100% |
| 3 | Environmental Health and Safety Specialist | $65,000 | +100% |
| 4 | Salon Manager | $41,000 | +95% |
| 5 | Drafting Technician | $50,000 | +94% |
| 6 | Business Analyst | $72,500 | +82% |
| 7 | Sheet Metal Mechanic | $62,140 | +67% |
| 8 | Aircraft Maintenance Technician | $57,500 | +64% |
| 9 | Catering Manager | $47,500 | +56% |
| 10 | Transportation/Logistics Coordinator | $62,500 | +53% |
| 11 | Route Sales Representative | $50,000 | +51% |
| 12 | Rental Agent | $45,520 | +50% |
| 13 | Distribution Center Coordinator | $52,500 | +47% |
| 14 | General Maintenance Technician | $40,650 | +46% |
| 15 | Patient Care Coordinator | $43,152 | +44% |
| 16 | Forestry Technician | $45,760 | +43% |
| 17 | Relationship Banker | $43,576 | +43% |
| 18 | Field Sales Representative | $57,018 | +42% |
| 19 | Park Ranger | $45,912 | +42% |
| 20 | Warehouse Receiver | $45,000 | +39% |
One example of this job is that of an Inventory Manager. The demand for skilled inventory managers in warehouses and companies post-pandemic has doubled the position’s job share in a year.
One of the highest paying non-degree jobs in this list—Auto Body Technician—can fetch highly-skilled entry-level workers a salary of $82,000 per year.
These jobs don’t seem to require a degree according to Indeed. However, the rising competition for these positions might give the upper edge to applicants with one, especially for jobs on the list such as Business Analyst and Relationship Banker.
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