17 Indian families among Forbes Asia's 50 Richest list

17 Indian families get place in 2016 edition of Forbes Asia’s 50 Richest Families. The 17 entries from India have a combined wealth of $153.61 billion.Lee family of South Korea, topped the list for the second year in a row. Its combined wealth grew to $29.6 billion, up from $26.6 billion last year. The family owns Samsung group.

• Among Indian the top place is occupied by Ambani family. Overall Ambani family is at number 3 withNet Worth of 25.8 billion.

TOP 5 in the List of 2016 edition of Forbes Asia’s 50 Richest Families.

Rank	Name	Net Worth	Country	Business
1	Lee family	$29.6 billion	South Korea	Samsung
2	Chearavanont family	$27.7 billion	Thailand	Charoen Pokphand (CP) Group
3	Ambani family	$25.8 billion	India	Reliance Group
4	Kwok family	$25.2 billion	Hong Kong	Sun Hung Kai & Co
5	Lee family	$24.7 billion	Hong Kong	Henderson Development

Three Indian families made their debut on the list

1. The Singh family ranked No. 43 ($4.26 billion) the owner of real estate company DLF
2. The Dhingra family ranked No. 48 ($3.6 billion) who own Berger Paints – India’s second largest paint maker
3. The Piramal family ranked No. 50 ($3.4 billion), who have vast business base ranging from real estate to health care.

Indians in the List

Rank	Name	Net Worth	Country	Business
3	Ambani family	$25.8 billion	India	Reliance Group
10	Hinduja family	$14.9 billion	India, U.K.	Hinduja Group
11	Premji family	$14.6 billion	India	Wipro
13	Mistry family	$14 billion	India	Shapoorji Pallonji Group
16	Mittal family	$13.2 billion	India	ArcelorMittal
19	Godrej  family	$12.3 billion	India	Godrej Group
22	Birla family	$9.6 billion	India	Aditya Birla Nuvo Ltd.
26	Bajaj family	$6.9 billion	India	Bajaj Group
31	Burman family	$5.8 billion	India	Dabur India Ltd.
32	Bangur family	$5.75 billion	India	Shree Cement
36	Lal family	$5.3 billion	India	Eicher Group
38	Jindal family	$5 billion	India	Jindal Group
40	Patel family	$4.9 billion	India	Cadila Healthcare
42	Munjal family	$4.3 billion	India	Hero Group
43	Singh family	$4.26 billion	India	real estate
48	Dhingra family	$3.6 billion	India	paints
50	Piramal family	$3.4 billion	India	Piramal Enterprises

The Asia’s Richest Families list computed wealth using stock prices and currency exchange rates from the close of business as on October 28, 2016. To be eligible for listing, a family’s wealth must have roots in Asia and participation in building that fortune for atleast three generations. The minimum net wealthto qualify for the list was $3.4 billion.

• Mukesh Ambani is the chairman of Reliance Industries Ltd, which owns Network 18, publisher of Forbes India