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14 Indian families in Forbes Asia list of rich business dynasties
Posted on: 08-10-2015 , 01:51:PM | DY365 Bureau

Oct 8, 2015 - 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.
Nearly half of the richest families in Asia are of Chinese descent, but none of them is based in mainland China, where conglomerates are young and run by first generations.
Thus India with 14 easily has the most spots from any jurisdiction.
South Korea's Lee family, who controls the Samsung Group, tops the list with a combined wealth of $26.6 billion.
Number two on the list is the Lee family of Henderson Land Development from Hong Kong with a combined wealth of $24.1 billion.
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.
The Burman family (No. 30, $5.5 billion) from India, who is featured on the cover of the magazine, has brought in professional managers to ensure the continuity of the business and family.
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.
The minimum combined net wealth to qualify for the list was $2.9 billion.
Forbes also lists some near misses of clans who failed to make the inaugural list.

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