Mukesh Ambani’s late father, who started the family’s business empire with $100, used to tell his son that he didn’t know what it was like to be poor.
For the Ambanis, whose palatial home towers over Mumbai and is one of the world’s most expensive private residences, that has never been truer. They are Asia’s richest family, with a $50 billion fortune.
The region’s 20 wealthiest clans are now worth more than $450 billion combined, underscoring how the world’s economic growth engine is minting fortunes on an unprecedented scale. Not surprisingly, some of the places spawning these riches are facing widening inequality.
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