There are 2 Indians in the list of top 10 richest people in the world. Isn’t that great?
Indian economy is growing at a constant pace and so are the billionaires in India!
India added six billionaires, taking its total to 55, “but the average net worth … is huge — USD 4.5 billion for an Indian billionaire versus USD 2.5 billion for a Chinese billionaire,” said Forbes Chief Executive Steve Forbes.
In China and India, strong economies helped create billionaires from a range of industries.
Brazil, Russia, India and China produced half the world’s 214 new billionaires, double last year’s 97 newcomers. The Asia Pacific was home to 105 newcomers, three-quarters of whom earned their fortunes from stakes in public companies.
No. 1 Mukesh Ambani
Mukesh Ambani is the richest Indian for the fifth consecutive year; his
net worth is $21 billion and he derives most of his wealth from oil
& gas. Though his fortune dropped by $1.6 billion in the past year,
his Reliance Industries remains India’s most valuable company by market
cap.
no.2 Lakshmi Mittal
Steel baron Lakshmi Mittal is second on the list with a net worth of $16
billion. His fortune dropped more than $3 billion in the past year, and
$10 billion in two years as shares of his ArcelorMittal, the world's
largest steelmaker, tanked due to surging costs and slumping demand in
Europe
No.3 Azim Premji
Though shares of his Wipro remained virtually flat in what is seen as a
difficult market for outsourcing firms, Azim Premji’s net worth rose to
$12.2 billion, making him the third richest on the list. Asia's most
generous person, Premji donated $2 billion from his personal wealth in
2010 to his foundation
No.4 Pallonji
Mistry
Patriarch of construction giant Shapoorji Pallonji Group, Pallonji
Mistry is the fourth richest with a net worth of $9.8 billion. His
family's fortune is up $2.2 billion this year, after it disclosed new
information on their privately held group. Mistry's family is the
biggest shareholder in Tata Sons; his younger son Cyrus
no.5 Dilip Shanghvi
Dilip Shanghvi enters the top five for the first time as shares of his
Sun Pharmaceutical, which he founded in 1982, gained 48 percent in 12
months, hitting a record high in October. It is the country's most
valuable drug maker with a market cap of $14 billion. Shanghvi’s net
worth is $9.2 billion
No.6 Adi Godrej
Third generation to head the 115-year-old Godrej Group, a $3.8 billion
(revenues) consumer goods conglomerate, Adi Godrej is the sixth in the
list with a net worth of $9 billion. His family's fortune is up due to
rising value of their biggest asset, a 3,500 acre estate in suburban
Mumbai
No.7 Savitri Jindal
It’s been a tough year for the OP Jindal Group, steel and power
conglomerate founded by her late husband, which Savitri Jindal chairs.
Her family's fortune fell $1.3 billion in the past year and is down $6.2
billion in two years. She is seventh on the list and her net worth is
down to $8.2 billion
No.8 Brothers Shashi and Ravi Ruia
Brothers Shashi and Ravi Ruia have a combined net worth of $8.1 billion.
Their Essar Group is a $27 billion (revenues) conglomerate with
operations in 25 countries. Their fortune declined this year as shares
of its London-listed Essar Energy more than halved; the group’s $12
billion debt is a concern too.
No.9 The Hinduja Brothers
The Hinduja brothers (from L-R)Prakash, Srichand, Gopichand and Ashok
make their debut this year riding on a renewed focus on Indian
operations. Their net worth is $8 billion. Their flagship Ashok Leyland
has a 25 percent share of the commercial vehicles market in India.
Internationally, the group is beefing up its automotive, oil and wealth
management operations
no.10 Kumar Mangalam Birla
At 45, Kumar Mangalam Birla is the youngest of the top ten billionaires.
His net worth is $7.8 billion and his $40 billion (revenues) Aditya
Birla Group is racing ahead to meet the target of $65 billion turnover
by 2015. In the past one year, he has been busy deal making across
businesses from retail to mining and media.
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