Wealth-X Reveals: Asia's Top 10 Wealthiest Millennials

Jul 16, 2015, 00:25 ET from Wealth-X

SINGAPORE, July 16, 2015 /PRNewswire/ -- Chinese ultra wealthy individuals claimed nine of the 10 spots on a list of Asia's richest millennials (defined as those born from 1981 to 1997) released by Wealth-X today.

Three of the ten spots on the list are occupied by female Asian millennials. The combined net worth of these three women is nearly US$10 billion, accounting for 44% of the total combined wealth of the entire list.

Topping the list is 34-year-old Yang Huiyan – vice chairman of Country Garden Holdings, a China-based property development and management company – whose personal fortune totals US$6.1 billion. Yang reportedly received her father's stake in the company in 2005, making her the wealthiest woman in China at that time.

Adrian Cheng, the scion of Hong Kong's New World Development Group, takes second place on the list with a net worth of US$4.4 billion. Cheng joined the family business in 2006, but is also an avid art collector and supporter of Chinese artists. In 2010, Cheng launched a non-profit "artist village", an 11-studio workshop space in Wuhan, China, to incubate emerging artists. 

Seven of the ten Asian millennials on the list inherited their wealth, while three made their own fortunes.

Below is a list of Asia's top 10 richest millennials:

Rank

Name

Country of Origin

Estimated Net Worth*

Age

Industry

Source of Wealth

1

Yang Huiyan

China

6100

34

Real Estate

Inheritance

2

Cheng Chi Kong
(Adrian Cheng)

Hong Kong

4400

34

Real Estate

Inheritance

3

Fuli Zong
(Kelly Zong)

China

3000

33

Beverage Production

Inheritance

4

He Zhitao

China

2700

33

IT products and services

Self-Made

5

Lin Qi

China

2200

34

Web & Mobile Games

Self-Made

6

Ou Chen (Leo Chen)

China

1100

32

E-Commerce

Self-Made

7

Yan Wu

China

860

34

IT Services

Inheritance

8

John Paul Joy Alukkas

India

820

29

Jewellery Business

Inheritance

9

Zhang Kangli

China

710

34

Real Estate

Inheritance

10

Zhu Yufeng

Hong Kong

660

34

Green Energy

Inheritance

*US$ million

About Wealth-X
Wealth-X is the global authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Its award-winning research and thought leadership are regularly cited by the world's media such as CNBC, Financial Times, Thomson Reuters and BBC. Wealth-X has more than 250 staff in 10 locations, including Singapore, London and New York.

SOURCE Wealth-X



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