The Rich List: Finance dominates, IT rises

In Hong Kong and China, the financial industry - including property - is the main source of tycoon wealth. In India, however, new sectors are on the rise.
Cyrus Pallonji Mistry
Cyrus Pallonji Mistry

The financial sector, which includes real estate, still accounts for most of Asia’s richest families’ wealth, according to FinanceAsia's annual Rich List.

In China and Hong Kong, it makes up around 60% of the pie, but notable exceptions are in India, where information technology businesses fuel 56% of the country’s leading families’ wealth, compared with 4% from financials, and Taiwan, where the proportions are 37% and 28% respectively.

The performance of our FA Rich List 2015 index is highly correlated against the MSCI All Country Asia ex-Japan index. Perhaps this is unsurprising given the high representation of tycoon-controlled stocks in the MSCI index, although...

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