Sri Lankan tycoon joins South Asia’s rich list

10 August 2025 06:15 pm Views - {{hitsCtrl.values.hits}} 41 Bookmark

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Colombo, August 10 (Daily Mirror) - As of 2025, Mukesh Ambani, chairman and managing director of Reliance Industries, remains the wealthiest individual in India and South Asia with an estimated net worth of $118 billion — and among those making the region’s billionaire ranks is Sri Lankan business magnate Ishara Nanayakkara, now valued at $1.6 billion.

His vast business empire spans telecom, energy, petrochemicals, and retail, placing him in a league of his own among the region’s richest.

While Ambani’s fortune overshadows his regional counterparts, several other South Asian nations boast billionaires making significant economic waves — including Sri Lanka.

Sri Lanka: Ishara Nanayakkara — $1.6 Billion

In Sri Lanka, Ishara Nanayakkara has emerged as the nation’s wealthiest person, overtaking long-time tycoon Dhammika Perera. With a net worth of around $1.6 billion, Nanayakkara leads LOLC Holdings, a diversified financial services and investment conglomerate operating in more than 10 countries. He has been instrumental in driving Sri Lanka’s presence in global microfinance and insurance markets, positioning himself as a key figure in the island’s corporate landscape.

Other regional billionaires

Pakistan: Shahid Khan — $13.5 billion, made his fortune in the U.S. through auto parts manufacturing and sports ownership.
Bangladesh: Mossa Bin Shamsher — claims $12 billion, though unverified, known for international business dealings and political influence.
Nepal: Binod Chaudhary — $1.6 billion, famed for his Wai Wai noodles brand and diversified business ventures.