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Tsai Group (Cathay Financial, Taiwan)
The Tsai Brothers started Cathay’s life insurance business in 1962. In 1979, they decided to separate the business, where Tsa Wan-lin managed Cathay Life Insurance and Tsa Wan-Tsai manages Cathay Insurance.
Currently, Cathay Insurance is called Fubon Insurance. The Tsai family now controls two major financial holding companies in Taiwan and has diversified into other sectors, including property and telecommunications.
The total wealth of the Tsai Group currently reaches US $ 19 billion.
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Lee Family (Lee Kum Kee, Hong Kong)
Lee Kum Sheung was an oyster sauce pioneer and founder of Lee Kum Kee in 1888. When the original oyster sauce factory in Guangdong province caught fire in 1902, the business was rebuilt in Macau, where he remained there until he finally moved to Hong Kong city.
The third generation of this family, namely Lee Man Tat, then continued the path of Lee Kum Sheung, where he diversified into the health supplement business in 1992 and founded LKK Healths Products Group.
Recently, this family business is growing, in which LKK Group is also diversifying its business into the property sector. The property asset that was successfully built is the Walkie Talkie building in London.
The total assets of the LKK Group are currently US $ 17.3 billion.
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Kwek-Quek (Hong Leong Group, Singapore and Malaysia)
Kwek Hong Png is the founder of Hong Leong Co. in 1941 in Singapore with his three siblings. Year after year, the son Kweng Leng Beng diversified his family’s business into the property, hospitality and finance sectors.
Meanwhile, his nephew, Quek Leng Chan left for Malaysia and led his family business in the neighboring country. The total wealth of the Kwek-Quek family currently reaches US $ 16.5 billion.
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Torii-Saji (Suntory Co., Japan)
Shinjiro Torii is the founder of a Japanese food and beverage company, Suntory. Before growing rapidly, initially in 1899, Torii sold wine and other western alcoholic drinks. Then he made a Japanese winery.
After decades, Suntory grew rapidly and her son, Keizo Saji replaced her father. Suntory continues to grow until today to become a well-known food and beverage company in Japan and the world.
The total wealth of the Torii-Saji family currently reaches US $ 16.3 billion.
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Kadoorie (CLP Holdings, Hong Kong)
In the 1880s, Elly Kadoorie and her brother Ellis arrived in Hong Kong, working for the Sassoons, a prominent family of the Baghdad Jewish diaspora. Then they formed a securities trading company (broker).
After growing rapidly, they then started venturing into the power generation business, where they started supplying electricity to Kowloon.
After successfully supplying electricity to Kowloon, the Kadoorie family’s business has grown rapidly, until now it has become the largest power generation company in Hong Kong with a current total wealth of US $ 16.1 billion.
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Hinduja (Hinduja Group, India)
Parmanand Hinduja comes from Shikarpur (now Pakistan), then he traveled to Mumbai to set up his business in commerce and banking in 1914.
Five years later, he opened a branch office in Tehran until he grew up in 1979.
After Parmanand Hinduja’s death, the children split up, with Gopichand and Srichand leaving for London eight years later while Prakash moved to Geneva and Ashok remained in Mumbai.
After they separated, of course bringing their family’s business to their respective countries, Hinduja grew rapidly, where currently the family business is engaged in the energy, automotive, finance and health goods industries.
The total wealth of the Hinduja Group currently reaches US $ 15.1 billion.
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Stanley Ho (SJM Holdings, Hong Kong)
Stanley Ho and his business partners won the first license to establish a casino in Macau and built the city’s first casino in 1962.
The Ho family controls SJM Holdings, which owns casinos and hotels, including Grand Lisboa .
The Ho family are the founders of the Sociedade de Turismo e Diversoes casino company in Macau, with a current total net worth of US $ 14.6 billion.
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Chung (Hyundai Co., South Korea)
Juyung Chung, a farmer’s son, founded Hyundai in 1946 as an engineering and construction company. From year to year, the business that Juyung has started is growing rapidly, with the business of producing cars and ships.
After Juyung died, his family’s business collapsed due to a dispute between his children over the inheritance.
After realizing, they finally shared the business their father had started, where one of his children began to diversify into the automotive sector.
Until now, the Chung family business has grown rapidly to become one of the largest automotive companies in the world, namely Hyundai Motors, with the family’s current total wealth of US $ 14.1 billion.
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Ng Family (Far East Organization, Singapore)
Ng Teng Fong moved to Singapore from China in 1934. He worked in his parents’ soy sauce factory and also worked as a bicycle repairman.
Instead of running a family business, he then expanded into property development and founded the Far East Organization in 1960.
Then he opened a branch in Hong Kong and founded the well-known fashion company, Sino Group.
Until now, the Ng family business has become the largest property company with the Far East Organization brand, with a current total wealth of US $ 13.8 billion.
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Chirathivat (Central Group, Thailand)
Tiang Chirathivat is the founder of Central Group. Initially, this group was a small grocery store in Bangkok which was opened by the family in 1947.
Central Group has grown and has become one of the leading property conglomerates in Thailand to date, with total assets currently reaching US $ 12.9 billion.
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