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
 
Share
 
Share
Unfortunate circumstances have plagued the owners of these valuable stones.
 
Share
Christina Hendricks, Diane Lane, and John Slattery all appear in the clip!
 
Share
After lives marked by glamour and tragedy, the Bouvier sisters embraced their second acts in New York City.
 
Share
Josh Boutwood's highly anticipated fine-dining, tasting-menu-only restaurant is set to stun in an intimate new space starting August 21.
 
Share
The cast and music work together to create an absolute spectacle onstage, overshadowing any of its minor flaws.
 
Share
The family has owned the most celebrated property in Bordeaux for 150 years and now 31-year-old Saskia de Rothschild will be the youngest person to lead a Bordeaux first growth estate and the first woman chair of Domaines Barons de Rothschild.
 
Share
Her resume includes everything from fashion design to professional badminton.
 
Share
Bought as a prize for surviving the Holocaust, the haute-bohemian villa on the Cote D'Azure was where socialite Francine Weisweiller entertained everyone from Jean Cocteau and Picasso to the Agnellis and Yves Saint Laurent.
 
Share
She's styled as The Duchess of Cornwall instead.
Load More Articles
CONNECT WITH US