According to the latest Bloomberg ranking of the 20 wealthiest Asian dynasties, the family of Indian entrepreneur Mukesh Ambani has taken the leading position. Their financial fortune, based on their ownership of industrial giant Reliance Industries, is estimated at 90,5 billion USD, TASS reports.

The second place in the ranking was taken by the Thai Cheravanont family, whose fortune amounts to 42,6 billion USD. Their business empire Charoen Pokphand covers the food industry and the telecommunications sector throughout the Asian region. The top three is rounded out by the Indonesian banking dynasty Hartono with a capital of 42,2 billion USD. Notably, the top 20 includes six more Indian billionaire families.

The combined wealth of India's billionaires has grown spectacularly over the past decade, tripling to 905,6 billion USD. According to Swiss holding company UBS Group, the number of billionaires in India has exceeded 290, more than double the figure of a decade ago. Today, there are 108 family-owned companies with a capitalization of over 1 billion USD operating in the country, making India the third largest in the world in this indicator.

UBS experts note that the rapid growth of the number of Indian billionaires was facilitated by urbanization, the development of the industrial sector and the reorientation towards environmentally friendly energy. Analysts predict that in the next decade, India may repeat the Chinese scenario of growth in the number of billionaires observed before 2020.