Indians who made to the Forbes List of Richest Men
According to Forbes, the total number of billionaires in India rose to 140 with a wealth of around $596 billion.In this article , we will share a list of top 10 Indians who made up in the Forbes List in 2021.
Mukesh Ambani is India’s richest person since 2008.He has a net worth of $92.7 billion. He runs the Reliance Industries founded by his father Dhirubhai Ambani. It alone generates a revenue of $74 billion .Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance also launched its 4G phone service Jio in 2016.
Gautam Adani & Family
Gautam Adani ranks 24th with the net worth of US$ 50.5 billion. His Adani Group generates a revenue of $13 billion .Its interests include infrastructure, commodities, power generation and transmission and real estate. He controls India’s largest Mundra Port of Gujarat. He also owns Abbot Point, a coal mining project in Australia. It is one of the world’s largest Carmichael coal mine .Adani also bought 74% shares of in Mumbai International Airport which is India’s second-busiest.
Shiv Nadar has a net worth of around $32.5 billion .He cofounded the India’s largest software services provider, HCL Technologies in 1976 which currently generates a revenue of $10.2 billion. However, he handed down its chairmanship to his daughter in 2020. HCL Technologies employs over 170,000 people in across 50 countries .Nadar is a well known philanthropist and has donated millions to his Shiv Nadar Foundation which helps in education.
Radhakishan Damani & Family
Radhakishan Damani owns the supermarket chain Avenue Supermart. He has around 214 DMart stores all over India. He has nearly doubled up its wealth from USD 15.4 billion to USD 29.4 billion .Damani is also an investor and holds shares in several companies. He also owns Radisson Blu Resort in Mumbai.
Cyrus Poonawalla founded Serum Institute of India(SII) in 1966 .It is currently world’s largest maker of vaccine doses by volume. The company produces vaccines for measles, polio and flu. The company has invested $800 million for the construction of factory for the manufacture of Covid-19 vaccine .It has also launched Covishield, developed by Oxford University. He also acquired 60% stakes in Magma Fincorp for $475 million and renamed the finance firm as Poonawalla Fincorp .He currently has a net worth of $18.4 billion.
Lakshmi Mittal is the executive chairman of ArcelorMittal. The firm is the world’s largest steel and mining company by volume. He has a current net worth of $20.4 billion. He also serves as the Chairman of stainless steel manufacture Aperam .Mittal also holds 20% stake in EFL Championship side Queens Park Rangers .However in 2020, the company reported a net loss of $700 million.
Savitri Jindal & Family
After Om Prakash Jindal’s death in 2005, his wife, Savitri Jindal chairs the Jindal Group. The firm’s businesses include include steel, power, cement and infrastructure. She has a current net worth of $18.1 billion. Jindal Steels is the third-largest producer of steel in India .However, all his four sons run the company independently.
Uday Kotak started a finance firm in 1985 .In 2003, he converted it into a bank .Kotak Mahindra Bank is the third largest among India’s top four private commercial banks. However in June 2020, Kotak Bank sold some shares as mandated by the Reserve Bank of India. He has a current net worth of $16 billion.
Mistry’s current net worth is $17.9 billion. Pallonji Mistry chairs the S.P. Group, the engineering and construction giant. Shapoorji Pallonji Group is run by his older son Shapoor. His son also owns Eureka Forbes .Eureka Forbes is the India’s leading brand of water purifiers. Mistry holds 18.4% stake in Tata Sons. His younger son Cyrus Mistry served as the chairman of Tata Sons in 2016. However in September 2020, they decided to sell their Tata Sons’.It is reported that Shapoor is negotiating to acquire a 51% stake in Karaikal Port in South India.
Kumar Birla owns the $46 billion revenue generating company Aditya Birla Group. Aditya Birla Group is one of the largest global conglomerates in India. The group’s businesses include cement and aluminium, telecom and financial services . His $2.6 billion acquisition Novelis of Aleris, an aluminium producer in Ohio was approved by the European Commission in 2019 .His current net worth is $18.4 billion.