Tag Archives: Billionaires

The Indian Billionaires (Forbes 2008)

6 Mar

Forbes has released its List of World’s Billionaires ….

Warren Buffett the richest man in the world.Followed by Carlos Slim Helu and William Gates III.

With the year 2007’s “uthapakat”

There are 4 Indians in top 10 (the highest number from a single country), where as last year the no. was 1.

and 10 in top 100.

India has registered total 53 billionaires (Highest in Asia after Russia)

Here is list of top 10 Indian Billionaires

#1 Lakshmi Mittal

World: #4

Net Worth: $45.0 bil


Age:
57

Education:
St Xavier’s College
Calcutta, Bachelor of Arts / Science

Heads world’s largest steelmaker, $105 billion (sales) ArcelorMittal, which accounts for 10% of all crude steel production. Just delivered 580 tons to be used in construction of the World Trade Center memorial in New York. With 44% stake, is the company’s largest shareholder. Longtime resident of London is Europe’s richest resident.

#2 Mukesh Ambani

World: #5

Net Worth: $43.0 bil

Age: 50

Education: University of Bombay, Bachelor of Arts / Science
Stanford University, Master of Business Administration

Asia’s richest resident heads petrochemicals giant Reliance Industries, India’s most valuable company by market cap. His fortune is up $22.9 billion since last year, making him the world’s second biggest gainer in terms of dollars. The biggest gainer was his estranged brother Anil, who ranks 6th in the world just behind his older brother. The sons inherited their fortune from their late father, renowned industrialist Dhirubhai Ambani. But they couldn’t get along and in 2005 their mother brokered a peace settlement breaking up the family’s assets. Mukesh is using some of his money to build a 27-story home.

#3 Anil Ambani



World: #6

Net Worth: $42.0 bil

Age: 48

Education: University of Bombay, Bachelor of Arts / Science
University of Pennsylvania Wharton School, Master of Business Administration

The year’s biggest gainer, Anil Ambani, is up $23.8 billion in the past year, and is closing gap with estranged brother, Mukesh, who ranks one spot ahead of him in the world at number five. The sons inherited their fortune from their late father, renowned industrialist Dhirubhai Ambani. But they couldn’t get along and in 2005 their mother brokered a peace settlement breaking up the family’s assets. A marathon runner, his biggest asset is his 65% stake in telecom venture Reliance Communications. He recently raised $3 billion from the highly anticipated initial offering of his Reliance Power, the biggest in India’s history. Despite the hype, the stock tumbled 17% immediately after its February listing. In a bid to appease investors, company’s board recently approved the issue of bonus shares. Still feuding with brother Mukesh: battling him in court over a gas-supply agreement.

#4 Kushal Pal Singh

World: #8

Net Worth: $30.0 bil

Age: 76

Education: Science graduate from Meerut College

Singh is now the world’s richest real estate baron after listing his real estate development company DLF in 2007. The offering helped triple his fortune to $30 billion this year, up from $10 billion. A former army officer, known as K.P., he joined his father-in-law’s Delhi Land & Finance in 1961. Singh later built DLF City in Gurgaon, his showpiece township on the outskirts of Delhi, by acquiring land from farmers. Over time, he transformed it into one of India’s biggest real estate developers. Group plans to raise another $1.5 billion by listing a subsidiary in Singapore. A keen golfer, he now leaves son Rajiv, daughter Pia to run operations.

#5 Shashi & Ravi Ruia

World: #43

Net Worth: $15.0 bil

Age: 62
Brothers run $5.8 billion (sales) Essar Group, with interests in
construction, shipping, power, oil and gas. Became Vodafone’s partner
in India last year in $19.9 billion deal. Own 33% of newly named
Vodafone Essar; Ravi is chair. Extended steel business into North
America with acquisitions of Minnesota Steel and Canada’s Algoma Steel.
Wedding bash for Ravi’s daughter Smiti drew 4,000 guests, including
family friend Richard Branson.

#6 Azim Premji

World: #60

Net Worth: $12.7 bil

Age: 62

Education: Stanford University, Bachelor of Arts / Science

After father’s sudden death Premji, then 21, took over family’s cooking
fat cooking oil company. Has since transformed Wipro into $3.5 billion
(sales) technology services giant. Stock of Wipro, which gets 80% of
its sales overseas, hit lately by appreciating rupee. Unfazed, acquired
outsourcing firm Infocrossing; bought Southeast Asian personal care
products outfit Unza; opened software development center in Mexico and
outsourcing center in the Philippines. Son Rishad, Harvard Business
School grad, started at Wipro last July, setting off speculation about
succession plans.

#7 Sunil Mittal & family

World: #64

Net Worth: $11.8 bil

Age: 50

Education: Punjab University, Bachelor of Arts / Science

Derives fortune from Bharti Airtel, which he cofounded with two
brothers and built into country’s largest mobile phone operator; now
has 60 million customers. Also has interests in life insurance with
Axa; fruits, vegetables with Del Monte Pacific and the Rothschild
family. Wholesale cash-and-carry venture with Wal-Mart still to get off
the ground. Plans to launch direct-to-home satellite television
services. Mittal is currently president of CII, an influential industry
lobby.


#8 Kumar Birla

World: #76

Net Worth: $10.2 bil

Age: 40

Education: University of Bombay, Bachelor of Arts / Science

London Business School, Master of Business Administration

Inherited commodities conglomerate Aditya Birla Group from late father
13 years ago. Expanded into financial services, telecom, retail. Last
year acquired North American aluminum maker Novelis for over $6 billion
and listed telecom arm Idea Cellular; now in court battling former
partner Tata Group. Birla bought Mumbai school.


#9 Ramesh Chandra

World: #86

Net Worth: $9.6 bil


Age:
68

Education: Indian Institute of Technology, Bachelor of Arts / Science

University of SouthHampton, Master of Science

Structural engineer moved into real estate in 1985 to build
middle-class homes. His publicly traded Unitech, run by his two sons,
is building a 350-acre community of luxury homes in Delhi suburb with
Greg Norman signature golf course. Partnering with Marriot Hospitality
on a chain of hotels and with Indonesia’s Salim group for townships in
eastern India. Recently got prized national license to launch mobile
phone services.

#10 Gautam Adani

World: #91

Net Worth: $9.3 bil


Age:
45

Education: Drop Out

College dropout, spurned father’s textile trading business; imported
scarce plastic polymers, then moved into commodity exports. Listed
Adani in 1994. Diversified into infrastructure 1998, building Mundra
Port, one of first private-sector ports, on western coast; listed it
last November. Yoga fanatic.

Sources 1 . 2 . 3 . 4

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