Asia’s richest list– Families from India hold 14 spots in Forbes Asia’s inaugural ranking of the top 50 Asian business dynasties with the Ambani family third on the list with a combined fortune of $21.5 billion.

• India’s Premji is seventh on the list with a fortune of $17 billion followed by Hinduja with $15 billion in ninth spot and Mistry ranked tenth with $14.9 billion. Thus India with 14 easily has the most spots from any jurisdiction.  The Ambani family fortune includes the wealth of brothers Mukesh and Anil, both of whom inherited most of their father’s fortune on his death in 2002 but opted to do business separately, Forbes said.
• Anand Burman, the 63-year-old, fifth-generation scion and non-executive chairman of family-owned Dabur has seen net profits grow 24-fold, and market cap soar 40-fold since 1998, Forbes noted.
• In the first-ever ranking of Asia’s richest families, 50 clans hailed from ten Asian countries and were required to have a minimum of 3 generations actively involved in building their respective fortunes.
• The barrier to entry was USD 2.9 billion and valuations are based on stock prices and exchange rates as on September 25.

Not in the List:

Forbes also lists some near misses of clans who failed to make the inaugural list. These included the Goenka family from India with a net worth of $2.75 billion. Other Indian families not making the list were Parle Products’ Chauhan with $2.7 Billion, DLF’s Singh with $2.65 Billion, Marico’s Mariwala with $2.55 Billion, Berger Paints India’s Singh with $2.5 Billion and Bharat Forge’s Kalyani with $2.1 Billion.