According to Forbes, who became the richest person in Asia in the year 2017?

Difficulty: Easy

Correct Answer: Hui Ka Yan

Explanation:


Introduction / Context:
Business news based questions often focus on yearly rankings of wealth published by magazines such as Forbes. In two thousand seventeen, Asia saw a shift in its richest individual ranking, with a Chinese real estate tycoon temporarily overtaking other well known billionaires. This question tests awareness of that specific Forbes list.


Given Data / Assumptions:
- The year mentioned is two thousand seventeen.- The ranking is richest person in Asia according to Forbes.- Options include global technology and business icons and one Chinese real estate magnate.


Concept / Approach:
The important step is to separate Asia rankings from global richest lists. Jeff Bezos and Bill Gates are often linked with world richest person titles, but this question restricts the region to Asia. In two thousand seventeen, Forbes reported that Hui Ka Yan, chairman of Chinese real estate group Evergrande, became Asia richest person for a period, surpassing other Asian billionaires.


Step-by-Step Solution:
- Step 1: Focus on the phrase richest person in Asia in two thousand seventeen as per Forbes.- Step 2: Recall that Hui Ka Yan net worth surged because of the rise in Evergrande share prices, which pushed him to the top of the Asia list.- Step 3: Compare options. Jeff Bezos and Bill Gates relate mainly to global lists, while Mukesh Ambani and Jack Ma have also featured prominently in Asia rankings.- Step 4: However, the specific two thousand seventeen Forbes highlight of a new Asia richest person refers to Hui Ka Yan.- Step 5: Therefore, choose Hui Ka Yan as the correct answer.


Verification / Alternative check:
As a verification step, recall that around the same period, news articles pointed out that Hui Ka Yan fortune exceeded that of other Chinese billionaires like Jack Ma and also of Indian industrialists like Mukesh Ambani. Jeff Bezos and Bill Gates were dominating global rankings, which is a separate category. Revising these distinctions or checking summary tables in business current affairs books confirms the match between two thousand seventeen Asia list and Hui Ka Yan.


Why Other Options Are Wrong:
Jeff Bezos did become the world richest person according to Forbes, but this was at the global level and not restricted to Asia.Mukesh Ambani has topped Asia lists in several recent years, yet in the particular two thousand seventeen Forbes context referred to in many exam questions, Hui Ka Yan was ahead.Bill Gates has frequently held the world richest title, but he is associated with global rankings rather than the specific Asia richest person category.Jack Ma is a leading Chinese billionaire; however, the two thousand seventeen Forbes highlight of the richest person in Asia pointed to Hui Ka Yan surpassing him in net worth.


Common Pitfalls:
Exam takers sometimes ignore the region Asia and mark Jeff Bezos or Bill Gates just because they are familiar names from global richest lists. Others may automatically select Mukesh Ambani because he has repeatedly been among the richest in Asia, without noting the specific year given. Paying attention to both time and region and keeping updated with current affairs is essential for avoiding such mistakes.


Final Answer:
In the year two thousand seventeen, Forbes named Hui Ka Yan as the richest person in Asia.

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion