The largest continent by size and population, Asia has also grown into a financial powerhouse. It's home to the world's second-, third-, and ninth-largest economies in China, Japan, and India, respectively. The continent is also the playground for 10 of the planet's 50 wealthiest people, who are worth a combined $205 billion.
With a fortune of $29.2 billion, real estate mogul Wang Jianlin is the richest person in Asia, followed by Alibaba founder Jack Ma at $26.5 billion. India's wealthiest man, industrial magnate Mukesh Ambani, rounds out the top three with a net worth of $24.8 billion.
This comes from new data provided to Business Insider by Wealth-X, a company that conducts research on the super-wealthy, featured in our recent ranking of the world's richest people. Wealth-X maintains a database of dossiers on more than 110,000 ultra-high-net-worth people, using a proprietary valuation model to discern the size of their fortunes.
Read on to learn more about the richest people on the world's largest continent, who range from tech tycoons to real estate giants.
10. Lei Jun
Net worth:$14.4 billion
Age: 45
Country: China
Industry: Tech
Source of wealth: Self-made; Xiaomi
Like several of his fellow 21st-century Chinese billionaires, Lei Jun earned his $14.4 billion fortune in tech. His smartphone maker, Xiaomi, became the fourth-largest smartphone vendor in the world, and the largest in China, within about three years of its founding.
Lei got his start in tech shortly after college when he joined Kingsoft, a Chinese software company similar to Microsoft, as an engineer. During his tenure at Kingsoft, Lei served as chief technology officer, president, and CEO, succeeding in taking the company public in 2007 before resigning. In 2010, after spending a few years as a venture capitalist, the already-wealthy Chinese entrepreneur founded Xiaomi with a former Google China executive. Lei was appointed chairman of Kingsoft in 2011 and forged a partnership between the two companies to provide cloud-storage capabilities for his phones.
Xiaomi, often referred to as "the Apple of China," is now the second most valuable private-tech company in the world, with a $46 billion valuation. But as sales growth has slowed, experts are contemplating the sustainability of Xiaomi's business model in overseas markets.
9. Dilip Shanghvi
Net worth:$16.4 billion
Age: 60
Country: India
Industry: Pharmaceuticals
Source of wealth: Self-made; Sun Pharmaceutical Industries
After graduating from the University of Calcutta in 1982, Dilip Shanghvi started working at his father's wholesale generic-drugs business, where he saw an opportunity to manufacture Lithosun, a drug that treated manic-depressive disorders and was unavailable in much of eastern India. That was the genesis of Sun Pharmaceutical Industries, which Shangvi founded in 1983 with a $1,000 investment from his father.
In its first year of business, Sun Pharma generated more than $100,000 in sales, and in 1994 the company went public on the Bombay Stock Exchange. It began expanding shortly thereafter, entering the global generic-drug market by acquiring Michigan-based Caraco Pharmaceuticals Laboratories in 1997, the first of many international acquisitions. In 2012, Shanghvi stepped down as chairman and now serves as managing director of the company, which generates $4.5 billion in sales.
Early in 2015, Shanghvi became the richest man in India for a period of time after his company's stocks surged. No matter the number, Shanghvi remains devoted to philanthropy as founder and chairman of the Shantilal Shanghvi Foundation, which donates to education, social-welfare, and community-development causes.
8. Azim Premji
Net worth:$16.5 billion
Age: 70
Country: India
Industry: Technology
Source of wealth: Inheritance/self-made; Wipro
In 1966, 21-year-old Azim Premji dropped out of Stanford in the wake of his father's death to take the helm of his father's company Western India Vegetable Products — later renamed Wipro. It was under Premji's leadership that the company diversified into toiletries and bath products and, eventually, IT, and the company grew exponentially. Now India's third-largest IT giant, Wipro generated revenues of $7.6 billion in its most recent fiscal year.
Just days into the new year, Premji named Abidali Neemuchwala, a Dallas-based consultancy executive, the new CEO of Wipro, citing him as the best leader to take Wipro into "its next phase of growth." Neemuchwala had been brought on to Wipro as chief operating officer last April after years of working for rival Tata Consultancy Services.
Premji is known for his generosity. He signed the Giving Pledge, committing to donate at least half of his wealth to charity, and in 2015 was named "the most generous Indian" on the Hurun India Philanthropy list for the third year in a row.
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