The 50 biggest family offices in Asia, ranked by the family money behind each one.
$698 billion across seven markets. India runs 24 of them.
1. Cool River Venture, Zhang Yiming (ByteDance)
2. Adani Family Office, Gautam Adani
3. Horizons Ventures, Li Ka-shing
4. Yoovidhya Family Office, the Red Bull family
5. Hartono Family Office, the Hartonos (BCA)
6. Bharti Family Office, the Mittals (Airtel)
7. Rising Sun Holdings, the Poonawallas
8. HCL Family Office, Shiv Nadar
9. Enbao Asset Management, Jack Ma
10. Shanghvi Family Office, Dilip Shanghvi
11. W.T.T. Investment, the Tsais (Fubon)
12. Bright Star Investments, the Damanis
13. ANB Investment, the Pangestus
14. GTM Investment, Terry Gou (Foxconn)
15. Wheelock Marden Capital, Peter Woo
16. Kuang Ming Investments, the Ngs
17. USK Capital, Uday Kotak
18. Blue Pool Capital, Joe Tsai
19. Sir Elly Kadoorie & Sons, the Kadoories
20. Wee Investments, the Wees (UOB)
21. Rare Enterprises, the Jhunjhunwalas
22. Indorama Capital Holdings, the Lohias
23. NKSquared, the Kamaths (Zerodha)
24. Kwee Investment Office, the Kwees
25. Godrej Family Office, the Godrejs
26. Pacific Century Group, Richard Li
27. Sunrise Capital Management, the Haidilao founders
28. Wadia Family Office, Nusli Wadia
29. Piramal Family Office, Ajay Piramal
30. Claypond Capital, Ranjan Pai
31. HPRY Holdings, Kuok Khoon Hong
32. Pacific Eagle Asset Management, the Tanotos
33. Sharrp Ventures, Harsh Mariwala
34. Catamaran Ventures, Narayana Murthy
35. Junson Capital, Cai Kui
36. Anand Mahindra Family Office
37. Burman Family Holdings, the Burmans
38. AT Capital Group, Arvind Tiku
39. RB Capital, Raj Kumar and Kishin RK
40. Pratithi Investments, Kris Gopalakrishnan
41. XIN Family Office, Liang Xinjun
42. NRJN Family Trust, Nandan Nilekani
43. Mirabilis Investment Trust, K. Dinesh
44. Pawan Munjal Family Office
45. Unilazer Ventures, Ronnie Screwvala
46. Ravi Modi Family Trust
47. JL Family Office, John Lim
48. Innovations Investment Management, S.D. Shibulal
49. 3State Ventures, Binny Bansal
50. Shanda Group, Chen Tianqiao
Now read the names again. 34 of the 50 never use the word family.
Cool River Venture belongs to the man behind TikTok. Enbao? Jack Ma. Rising Sun Holdings belongs to the family behind the biggest vaccine maker in the world. Search for family in the name and you miss $424 billion of the $698 billion.
Five of the seven engineers who started Infosys in 1981 now have family offices on this list: Catamaran, Pratithi, NRJN, Mirabilis and Innovations.
Singapore hosts 14. Seven of those belong to families who made their money in Indonesia, India or China.
Ranked by the net worth of each family, using the latest Forbes figures.