SINGAPORE – Arun Pudur, the owner and president of software firm Celframe, takes the title of Asia’s wealthiest entrepreneur under the age of 40 with an estimated net worth of US$4 billion, according to a Wealth-X list released today.
Pudur, a 37-year-old native of Chennai, India, founded Celframe in 1998 after graduating from university, and the software firm now produces the world’s second most popular word processor after Microsoft. Pudur also has assets tied up in diversified businesses in the fields of mining and real estate.
Nine of the self-made billionaires on the Wealth-X top 10 list amassed fortunes from the technology sector. The only exception is 35-year-old Zhang Bangxin from China, who made his wealth from tutoring services company TAL Education Group. Zhang’s estimated net worth of US$2.2 billion puts him in the third spot on the list.
The youngest entrepreneur on the list is 32-year-old Leo Chen, who is the chairman and CEO of Jumei International Holding, one of China’s largest online cosmetics retailers. Chen became a billionaire after Jumei’s listing at the New York Stock Exchange in May 2014.
Below is the complete list of Asia’s wealthiest entrepreneurs under 40:
Rank Name Age Country Net Worth* Primary Company
1 Arun Pudur** 37 India 4.0 Celframe
2 Zhou Yahui 38 China 2.2 Beijing Kunlun Tech
3 Zhang Bangxin 35 China 2.2 TAL Education Group
4 Yao Jinbo 39 China 2.2 58.com
5 He Zhitao 33 China 2.0 Hangzhou Liaison Interactive Information Technology
6 Naruatsu Baba 37 Japan 1.6 Colopl
7 Kenji Kasahara 39 Japan 1.5 Mixi
8 Yusaku Maezawa 37 Japan 1.3 Start Today
9 Pang Shengdong 38 China 1.2 Shanghai 2345 Network Holding Group
10 Leo Chen 32 China 1.1 Jumei International Holding
* in US$ billion
**Pudur ranked 10th on a Wealth-X list of the world’s richest billionaires under 40 released in March 2015 that included Facebook co-founder Mark Zuckerberg and other technopreneurs.