Alukkas is the only Indian in the group.
By Dileep Thekkethil
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BENGALURU: Indian-origin entrepreneur John Paul Joy Alukkas, the executive director of Joy Alukkas group, has been listed among the Top 10 wealthiest millennials, with a personal asset worth $820 million.
The 29-year-old John Paul Alukkas is the son of Joy Alukkas, who is the chairman of the renowned Jewellery group. He has been named as the 8th wealthiest on the list of Wealth-X – filtered from those born in between 1981 to 1997.
The report has names of 9 Chinese individuals in the list and Alukkas is the only one to have found a place in among the top 10 from Asian countries other than China. Moreover, three of the top three positions are filled by female Asian millennials.
“The combined net worth of these three women is nearly US $ 10 billion, accounting for 44 percent of the total combined wealth of the entire list,” Wealth-X report said.
The Wealth-X list has the name of 34-year old Yang Huiyan, the vice president of Country Garden Holdings, a Chinese real estate and management company on top. She has a personal fortune amounting $6.1 billion.
The second in the list of Top 10 wealthiest Asian is Adrian Cheng, a Hong Kong-based billionaire who owns New World Development Group. She has fortunes of net worth $4.4 billion.
The others to feature in the Wealth-X list of Aisa’s top 10 millennials are Kelly Zong (3rd, US $ 3 billion); He Zhitao (4th, US $ 2.7 billion); Lin Qi (5th, US $ 2.2 billion); Leo Chen (6th, US $ 1.1 billion); Yan Wu (7th, US $ 860 million); Zhang Kangli (9th, US $ 710 million) and Zhu Yufeng (10th, US $ 660 million).
Interestingly, seven out of the 10 people listed became wealthy by inheriting the fortunes; this includes Alukkas, whose family in Kerala is renowned for operating jewellery business around the globe.
Wealth-X is the global leader in providing qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held companies they control.