00:00Asia's richest families are getting even richer.
00:03The 20 wealthiest clans are now worth a collective $647 billion, partly thanks to the AI boom.
00:11India's Ambani family is number one once again, with nearly $90 billion.
00:15They run Reliance Industries, a conglomerate with massive operations in oil and petrochemicals.
00:21But Mukesh Ambani has recently pledged about $120 billion to build out India's AI infrastructure
00:28as well.
00:28South Korea's Lee family saw its wealth grow by 100%, to nearly $46 billion.
00:35Shares of Samsung Electronics surged because of demand for advanced memory chips used in
00:40AI systems.
00:41Its chairman, JY Lee, has taken an active role in Samsung's AI drive as well, including meeting
00:47with NVIDIA's Jensen Huang when he visited South Korea last year.
00:51The biggest gainer on our list was the Chung family, whose wealth grew by about $23 billion.
00:56They run China Hongqiao, China's biggest maker of aluminum.
01:00Demand for this metal, which is used by some of China's biggest tech firms, like Huawei and
01:05BYD, helped double their fortune to $45 billion.
01:09Many other families are pouring money into AI-related bets, but whether those bets are going to pay
01:14off over the long term is still an open question.
01:18Experts say, though, that conglomerates tend to get through downturns better than others,
01:22because they operate in many different industries at once.
01:25In other words, they don't put all their eggs in the AI basket.
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