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According to Bloomberg’s latest ranking, the combined wealth of the 20 families behind Asia’s leading conglomerates—including Samsung and Reliance—stands at about $647 billion. That total is the highest level since Bloomberg began publishing the ranking in 2019.
The increase is largely attributed to strong demand for chips, metals, and AI infrastructure. The rally has continued even as global stock markets face pressure linked to the US-Iran conflict.
Bloomberg notes that most of these families do not directly develop AI. Instead, they benefit from supplying components and infrastructure for the next wave of technology, including aluminum, semiconductors, electricity, data centers, telecom infrastructure, and real estate. The ranking suggests the AI-driven boom is not only creating new billionaires, but also rapidly expanding the wealth of long-established Asian business families.
The list excludes self-made first-generation billionaires such as Jack Ma of Alibaba and Gautam Adani of India, and also excludes cases where assets are held by a single heir. Total family assets are calculated by summing holdings across different family members.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…