December 11, 2020//-Data presented by Buy Shares indicates that the top ten wealthiest families in Asia control a cumulative fortune of $307.31 billion. The wealth is as of December 2020.
Effects of pandemic to increase inequality
India’s Ambani family, known for Reliance Industries, is the wealthiest family with a fortune amounting to $76 billion. The Kwok family behind Sun Hung Kai Properties is the second richest entity with a fortune of $33 billion followed by the Chearavanont family (Charoen PokphandGroup) with a fortune of $31.70 billion.
The Hartono family known for Djarum, Bank Central Asia is fourth with a fortune of $31.30 billion followed by the Lee family behind Samsung with wealth amounting to $26.60 billion.
Other rich families include Yoovidhya ($24.21 billion), Cheng ($22.60 billion), Mistry family ($22 billion), Pao/Woo family ($20.20 billion), and Sy family ($19.70 billion).
On the other hand, Kiribati is the world’s poorest country with a GDP of $0.19 billion followed by Palau with a GDP of $0.28 billion.
Micronesia is the third poorest country with a GDP of $0.4 billion followed by Sao Tome and Principe at $0.43 billion. Tongo is the fifth poorest country with a GDP of $0.45 billion.
The research highlighted the outlook of the wealthiest families and poor countries in 2020 amid the pandemic. According to the research report:
“By the end of the year, the gap between the families and the highlighted countries might be greater. The data on GDP is based on 2019 findings. However, this year’s figures might be lower due to the economic impact of the coronavirus pandemic.
Most countries globally witnessed the crippling of their economies. Some of the countries like Seychelles heavily rely on tourism but the sector was among the most impacted by the pandemic. In such cases, GDP for 2020 might witness massive corrections.”
The full story, statistics and information can be found here: https://buyshares.co.nz/10-
