The 25 Most Powerful Asian Executives by Forbes
The Fortune list of Asia’s most powerful people in business has many unfamiliar names. The list highlights the power shift in Asia, from Japan to China, India, and beyond. Toyota’s Akio Toyoda tops the list of 25 most powerful people in the business world. Six top executives from India also make it to the Fortune list.
1. Akio Toyoda
One of the most influential businessmen in the world, Akio Toyoda is the president and CEO of Toyota Motor Corporation. Grandson of Toyota founder Kiichiro, Toyoda joined the company in 1984. He joined Toyoto’s board of directors in 2000. Toyoda has played a key role in boosting sales and promoting the brand image of the company.
2. Ratan Tata
Chairman of the Tata Group, Ratan Tata is one of the most powerful business leaders in India. In 1981, JRD Tata stepped down as Tata Industries chairman, nominating Ratan as his successor. Ratan Tata is also the chairman of the major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices. Under his leadership, the group’s revenues have grown nearly 12-fold, totalling $67.4 billion in 2009-10.
3. Mukesh Ambani
Mukesh Ambani, chairman of Reliance Industries, is an ace dealmaker. He has acquired assets in telecom, petrochemicals to expand $45-billion-a-year empire, says Fortune. He initiated Reliance’s backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. He created several new world class manufacturing facilities that have raised Reliance’s petrochemicals manufacturing capacities
4. Kun-Hee Lee
Son of Samsung Group founder Lee Byung-chull, Kun-Hee Lee is the chairman of Samsung Electronics. In 1996, Lee also became a member of the International Olympic Committee. With an estimated net worth of $7.4 billion, Kun-Hee Lee and family rank among the Forbesrichest people in the world.
5. Ren Zhengfei
Ren Zhengfei is the president of Huawei Technologies. With private assets worth $124 million, Ren is among the richest people in China. Ren founded Huawei Technologies Co in 1988 to specialise in the development, production, and sales of telecom equipment. Time magazine included Ren Zhengfei in its list of 100 most influential people in 2005.
6. Terry Gou, 60, chairman and CEO of Foxconn Technology Group, Taiwan
7. Gao Xiqing, 57, president and CIO of China Investment Corp, China
8. Wang Xiaochu, 53, chairman and CEO of China Telecom Corp, China
9. Jiang Jiemin, 55, chairman of PetroChina Co, China
10. Chung Mong-koo, 73, chairman and CEO of Hyundai Motor, Korea