John Paul Joy Alukkas among Asia’s wealthiest

Thursday, Jul 16, 2015,18:52 IST By metrovaartha A A A

New Delhi | Indian-origin John Paul Joy Alukkas has made it to the list of Asia’s top 10 wealthiest millennials, with a personal fortune of USD 820 million, a report has said. The 29-year-old Alukkas, Executive Director Joyalukkas group and son of its Chairman Joy Alukkas has been ranked 8th wealthiest on the Wealth-X list of millennials — defined as those born from 1981 to 1997, as per the global wealth intelligence and prospecting company.
The Chinese ultra wealthy individuals dominated the list claiming nine of the 10 spots. Interestingly, three of the 10 spots on the list are occupied by female Asian millennials. The combined net worth of these three women is nearly USD 10 billion, accounting for 44 per cent of the total combined wealth of the entire list, Wealth-X report said.
The list was topped by the 34-year-old Yang Huiyan  Vice Chairman of Country Garden Holdings, a China-based property development and management company  whose personal fortune totalled to USD 6.1 billion. Adrian Cheng, the scion of Hong Kong’s New World Development Group, was ranked second on the list with a net worth of USD 4.4 billion.
Others on the list include, Kelly Zong (3rd, USD 3 billion); He Zhitao (4th, USD 2.7 billion); Lin Qi (5th, USD 2.2 billion); Leo Chen (6th, USD 1.1 billion); Yan Wu (7th, USD 860 million); Zhang Kangli (9th, USD 710 million) and Zhu Yufeng (10th, USD 660 million). Seven of the ten Asian millennials on the list inherited their wealth, while three made their own fortunes, Wealth-X said. Wealth-X provides insight into the ultra wealthy with the world’s largest collection of curated research on ultra high net worth individuals.