Top Ten Powerful Businessmen in Asia

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The list of twenty-five most powerful businessmen in Asia has been released by Fortune based on revenues, profits, and growth of most dynamic companies in the region, plus the roles of their top executives played in the corporations' success.

Among the top ten of this list, Toyota Motor CEO Toyoda ranks the first position and followed by five businessmen in China, two in India and two in South Korea.

 

Akio Toyoda

Company: Toyota Motor

Country: Japan 

Title:CEO

Age: 55

Toyoda has been CEO of Toyota Motor, Asia’s largest and most influential company for two years. In 2010, the powerful businessman miraculously survived the recall scandal due to Toyota’s car safety problems that affected millions of consumers around the world though he was believed to be pushed to resign. Shareholders now expect Toyoda to speed up the auto giant to more growth. He interestedly concentrates on developing in emerging markets like China and India, which make up for 40% of Toyota's $223 billion in annual sales.


Toyoda is pushing the company to produce a lineup of 10 new hybrid models by 2015

Toyoda is pushing the company to produce a lineup of 10 new hybrid models by 2015

 

Ratan Tata

Company: Tata Sons

Country: India

Title: Chairman

Age: 73

Ratan Tata is referred as the person who brings coffee culture to tea-preferred India. His Tata Group does business in different industries from autos to steel and telecommunications. Recently, Tata has signed a deal with Starbucks to bring the Seattle chain to India, the latest in a string of alliances that help this group turn into a $67 billion multinational powerhouse.


Tata Group’s joint venture partners include Lockheed Martin, AIG, and Cummins

Tata Group’s joint venture partners include Lockheed Martin, AIG, and Cummins

 

Mukesh D. Ambani

Company: Reliance Industries

Country: India

Title: Chairman and managing director

Age: 53

Mukesh Ambani, CEO of Reliance Industries, is well-known as a dealmaker. He buys assets in telecom, petrochemicals, and energy as part of a strategy to rapidly enlarge the $45-billion-a-year conglomerate. Ambani was nominated by Bank of America in March as the first non-American on its board of directors.


Ambani's wealth is estimated $27 billion

Ambani's wealth is estimated $27 billion

 

Kun-Hee Lee

Company: Samsung Group

Country: South Korea

Title: Chairman and CEO

Age: 69

Thanks to Chairman Kun-Hee Lee, Samsung Electronics is turned from a peddler of low-end gadgets to a global leader in cellphones, televisions and computer chips. This company is called as the Apple of South Korea for its design, innovation and financial performance with last year’s profits climbing 65% to $14.3 billion.


Though Lee was forced to resign as chairman of Samsung in 2008 sue to a corruption scandal, he returned to his prestigious position in 2009

Though Lee was forced to resign as chairman of Samsung in 2008 sue to a corruption scandal, he returned to his prestigious position in 2009

 

Ren Zhengfei

Company: Huawei Technologies

Country: China

Title: CEO

Age: 67

Ren Zhengfei is the CEO of China’s largest telecom equipment maker Huawei, which grew 28% to $28 billion in revenue last year. The company’s products and services help keep phone and Internet networks around the world up and running. Two-thirds of sales come from non-Chinese customers, including Britain's BT.


Ren Zhengfei has built a global empire that plays an increasingly vital role in running the world's phone and Internet networks

Ren Zhengfei has built a global empire that plays an increasingly vital role in running the world's phone and Internet networks

 

Five other powerful businessmen in Asia


Terry Gou, 60, is the chairman and CEO of Taiwan’s Foxconn Technology Group

Terry Gou, 60, is the chairman and CEO of Taiwan’s Foxconn Technology Group


Gao Xiqing, 57, is the president and chief investment officer of China Investment Corp.

Gao Xiqing, 57, is the president and chief investment officer of China Investment Corp.


Wang Xiaochu, 53, is the chairman and CEO of China Telecom Corp.

Wang Xiaochu, 53, is the chairman and CEO of China Telecom Corp.


Jiang Jiemin, 55, is the chairman of PetroChina Co.

Jiang Jiemin, 55, is the chairman of PetroChina Co.


Mong-Koo Chung, 73, is the chairman and CEO of South Korea’s Hyundai Motor

Mong-Koo Chung, 73, is the chairman and CEO of South Korea’s Hyundai Motor

 

 

Author Box
JENNIFER QUINN has 361 articles online and 29 fans

I am the economic expert and analyze the economic situations in the world. Currently, I often address lectures on economic solutions to students and supply advice for companies and firms.

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This article was published on 2011/04/25