Meet the 10 Richest People in Southeast Asia (by Country)

10 richest people in southeast asia

As one of the emerging regions with the fastest growing economies, Southeast Asia is currently home to 102 billionaires, primarily coming from its 6 largest nations. In the recent years, ASEAN has become an increasingly attractive region not only to tourists, but investors and businesses.

Each of these 10 individuals below have built their empires and accumulated their wealth in their respective nations, mostly through various fields of business. Who are the 10 richest people in Southeast Asia and what are their source of wealth? Read on to find out!

1. Richest Person in Brunei – Sultan Hassanal Bolkiah

  • Wealth (Net Worth): $20 billion
  • Age: 63 years old
  • Source: Diversified

As the eldest son of Sultan Omar Ali Saifuddien III and Raja Isteri, Sultan Hassanal Bolkiah is the 29th and current Sultan of Brunei. Interestingly, he is also the first and incumbent Prime Minister of the country. The Sultan has been ranked by Forbes among the wealthiest individuals in the world with a total peak net worth of $20 billion in 2008.

 

2. Richest Person in Philippines – Henry Sy

  • Wealth (Net Worth): $20 billion
  • Age: 93 years old
  • Source: Diversified
  • World Rank: 52
  • Refer this profile for more details on Henry Sy

Born to an extremely poor family in Ankhue Village, Jinjiang City Fujian (a province of China), Henry Sy is known today as a Chinese-Filipino business tycoon, investor, and philanthropist. Henry Sy has been involved in a plethora of industries – predominantly in real estate, hospitality, banking, mining, education, and healthcare. He is also the founder of SM Prime Holdings, the holding corporation for all of the business divisions in his vast business empire.

 

3. Richest Person in Thailand – Charoen Sirivadhanabhakdi

  • Wealth (Net Worth): $17.9 billion
  • Age: 73 years old
  • Source: Food, real estate
  • World Rank: 65
  • Refer this profile for more details on Charoen Sirivadhanabhakdi

Thai billionaire Charoen Sirivadhanabhakdi is the founder of Thai Beverage, and is also the chairman of conglomerate TCC Group and Fraser and Neave (F&N). The Sirivadhanabhakdi family is now Thailand’s largest property developer while controlling over 108,000 hectares of land and owning over 50 hotels in the UK, US, Australia, and across Asia.

Related: BAT Malaysia: Finding Your Path to Become the Next-Generation Leader

 

4. Richest Person in Indonesia – Robert Budi Hartono

  • Wealth (Net Worth): $17.4 billion
  • Age: 77 years old
  • Source: Banking, tobacco
  • World Rank: 69
  • Refer this profile for more details on R. Budi Hartono

Robert Budi Hartono is a Chinese Indonesian tobacco billionaire who owns and runs the privately held Djarum, the world’s third largest maker of clove cigarettes. Budi Hartono also has a stake with his brother, Michael Bambang Hartono in one of Indonesia’s biggest banks, Bank Central Asia, which was formerly controlled by billionaire Liem Sioe Liong.

 

5. Richest Person in Malaysia – Robert Kuok

  • Wealth (Net Worth): $14.8 billion
  • Age: 94 years old
  • Source: Palm oil, shipping, property
  • World Rank: 96
  • Refer this profile for more details on Robert Kuok

Born in 1923, Robert Kuok Hock Nien is a Malaysian business magnate and investor. Most of his businesses are privately held (by him or his family) with investments in many companies throughout Asia. His business interests span across a wide range of industries, including sugarcane plantations, sugar refineries, flour milling, animal feed, hotel, property, and many more. Despite his vastly diversified source of wealth, the biggest source is from a stake in Wilmar International, the world’s largest listed palm oil trading company.

 

 

6. Richest Person in Singapore – Robert & Philip Ng

  • Wealth (Net Worth): $8.7 billion
  • Source: Real estate
  • World Rank: 140
  • Refer this profile for more details on Robert and Philip Ng

Sons of real estate tycoon Ng Teng Fong (also known as “The King of Orchard Road”), Robert and Philip Ng control the Far East Organization, Singapore’s largest privately-held property developement conglomerate. Their Hong Kong arm, Sino Group is overseen by the elder sibling Robert and his son Daryl, while the Singaporean interests are managed by Philip.

 

7. Richest Person in Vietnam – Pham Nhat Vuong

  • Wealth (Net Worth): $6.4 billion
  • Age: 49 years old
  • Source: Diversified
  • World Rank: 499
  • Refer this profile for more details on Nhat Vuong.

In 2015, Vuong became the richest person and also the first billionaire in  Vietnam (worth approximately $1.1 billion at that time). His entrepreneurial ventures began in the 1990s, when Vuong studied in Russia and established a popular instant noodle business in the Ukraine. He sold it to Nestle for $150 million in 2009, before returning to his homeland. Today, he chairs the Vingroup, one of Vietnam’s largest conglomerates with interests in real estate, retail, healthcare, and more.

 

8. Richest Person in Cambodia – Kith Meng

  • Wealth (Net Worth): $1.6 billion
  • Age: 50 years old
  • Source: Diversified

Cambodian businessman Kith Meng is the Chairman of The Royal Group, the largest diversified conglomerate and holding company in Cambodia with a holding of 45% in ANZ Royal Bank and 45% of Toll Royal Railways. Meng also owns a majority stake in Cambodia’s leading television and telcocommunication networks – Cambodian Broadcasting Corporation and CamGSM.

 

9. Richest Person in Myanmar – Tay Za

  • Wealth (Net Worth): $1.2 billion
  • Age: 54 years old
  • Source: Diversified

As the Chairman of HTOO Group of Companies (Myanmar), Tay Za is arguably the richest and most controversial of the Burmese business tycoons. He is also famously known as a close associate of the nation’s former head of state, Than Shwe. Despite his contentious image, Tay Za was the first entrepreneur from Myanmar to appear on the cover of Forbes Asia.

Related: The Unicorns of Southeast Asia: Meet the CEOs Behind Indonesia’s 4 Biggest Start

 

10. Richest Person in Laos – Khamtai Siphandone

  • Wealth (Net Worth): $800-860 million
  • Age: 94 years old
  • Source: Diversified

Hailing from a family of peasants and working as a postman for his first job, General Khamtai Siphandone is a former Laotian politician and served as the President of Laos, from February 1998 to June 2016. He was also a member of the Communist Party of Indochina in 1954 and sat on the Central Committee of the Lao People’s Revolutionary Party in 1956.

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Featured Image Credit: Adopted from Rappler on Youtube

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