Money & Power
Who Are the Wealthiest Tycoons in the ASEAN Region?
Most of the richest people in each of the five original members of the regional grouping are self-made.
IMAGE COURTESY/ WIKIMEDIA COMMONS/ SM INVESTMENTS CORPORATION
Comments

 

When it comes to Southeast Asia’s richest tycoons, more have built their wealth from the ground up rather than inherit it from past generations.

In the infographic above, Entrepreneur Philippines compared the five richest businessmen of five original member-countries of the Association of Southeast Asian Nations (ASEAN): the Philippines, Malaysia, Thailand, Indonesia and Singapore. Data on their wealth and companies were largely obtained from U.S. business magazine Forbes, which publishes a list of each of the five countries’ 50 richest people annually.

Of the 25 tycoons, 14 are self-made businessmen and 11 inherited it from past generations. Four out of Malaysia’s five wealthiest people are self-made, while the Philippines and Indonesia each have three self-made tycoons in their top five. In contrast, Thailand and Singapore have more tycoons in their respective top fives who inherited their wealth.

Many of these businessmen are ethnic Chinese, and almost all of them are at least 70 years old. Most of them are worth between $4 billion and $8 billion, while only seven ASEAN tycoons enjoy 11-digit net worths. Overall, these 25 tycoons have a combined net worth of $219.7 billion.

One can also find similarities in the main industries that these businessmen invest in. The most frequent industries that appear among the 25 tycoons include real estate, retail and food and beverage. Many ASEAN tycoons also find wealth in the manufacture of various products such as palm oil and tobacco.

*****

Lorenzo Kyle Subido is a staff writer of Entrepreneur PH 

This story originally appeared on Entrepreneur.com.ph.

* Minor edits have been made by the Townandcountry.ph editors.

Comments
View More Articles About:
About The Author
Lorenzo Kyle Subido for Entrepreneur.com.ph
View Other Articles From Lorenzo Kyle
Comments
Latest Stories
 
Share
The first couple of France is protected by a truly chic security force.
 
Share
 
Share
The two-year-old is getting one-on-one time with her new brother.
 
Share
An exciting royal wedding development was confirmed today.
 
Share
Talk of the Town: The results of the 2017 Bar Exam are out. Only 25.55 percent passed.
 
Share
Chef Nicco Santos of Hey Handsome and the Lechon Diva, Dedet de la Fuente of Pepita’s Kitchen, join forces for this 18-course extravaganza.
 
Share
Augusten Burroughs investigates the Rolls-Royce of psychiatric and addiction treatment centers.
 
Share
Opulence is just the beginning of this design star's legacy.
 
Share
An updated look at who will take the throne after Queen Elizabeth II.
 
Share
The secret passageways of a palace-and the strange obsessions of a king-unlock the doors of jeweler Victoire de Castellane’s wildest imaginings.
Load More Articles
CONNECT WITH US