The Richest People In Asia 2012

According to Forbes ASIA, Asia’s 20 richest persons share a collectively fortune of $264 billion, poorer by $15 billion from last years annual report. Hong Kong’s Li Ka-shing reclaims the top spot as Asia’s richest with a net worth of $25.5 billion, after a seven year gap. London-based Indian tycoon Lakshmi Mittal, lost $10.4 billion, more than anyone else in the world, as shares of his ArcelorMittal, the world’s largest steelmaker, tumbled. Mittal also drops out of the global top 10 rankings for the first time since 2005.

1. Li Ka-shing

Net Worth:$25.5 Billion – As of March 2012
Source of Wealth: Diversified, self-made
Country of Citizenship: Hong Kong
Education: Drop Out, High School, Marital Status: Widowed, Children: 2

2. Mukesh Ambani

Net Worth:$22.3 Billion – As of March 2012
Source of Wealth: Petrochemicals, Oil & Gas
Country of Citizenship: India
Education: Drop Out, Stanford University; Bachelor of Science in Engineering, University of Bombay
Marital Status: Married, Children: 3

3. Lakshmi Mittal

Net Worth:$20.7 Billion – As of March 2012
Source of Wealth: Steel
Country of Citizenship: India
Residence: London, United Kingdom
Education: Bachelor of Arts / Science, St Xavier”s College Calcutta
Marital Status: Married, Children: 2

4. Thomas & Raymond Kwok & family

Net Worth:$18.3 Billion – As of March 2012
Source of Wealth: Real estate
Country of Citizenship: Hong Kong

5. Lee Shau Kee (tie)

Net Worth:$18 Billion – As of March 2012
Source of Wealth: Diversified, self-made
Country of Citizenship: Hong Kong
Marital Status: Divorced, Children: 5

5. Prince Alwaleed Bin Talal Alsaud (tie)

Net Worth:$18 Billion – As of March 2012
Source of Wealth: Investments, self-made
Country of Citizenship: Saudi Arabia
Education: Bachelor of Arts / Science, Menlo College; Master of Science, Syracuse University
Marital Status: Married, Children: 2

5.  Georgina Rinehart (tie)

Net Worth:$18 Billion – As of March 2012
Source of Wealth: Mining
Country of Citizenship: Australia
Marital Status: Widowed, Children: 5

8. Cheng Yu-tung

Net Worth:$16 Billion – As of March 2012
Source of Wealth: Diversified, self-made
Country of Citizenship: Hong Kong
Marital Status: Married, Children: 4

9. Mohammed Al Amoudi

Net Worth:$12.5 Billion – As of March 2012
Source of Wealth: Oil, Diversified, self-made
Country of Citizenship: Saudi Arabia
Marital Status: Married, Children: 8

10. Robert Kuok

Net Worth:$12.4 Billion – As of March 2012
Source of Wealth: Diversified, self-made
Country of Citizenship: Malaysia
Education: Bachelor of Arts / Science, Raffles College
Marital Status: Married, Children: 8
Source:[Forbes Asia's rich list]