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Forbes list of billionaires: These are the richest Indians who made it

Updated : 2019-03-06 13:24:18

Some businessmen are rich. And then there are some who are richer than the rich.

To make it into the latter group, you need a net worth of at least $11 billion.

The richest Indian, Mukesh Ambani, jumped six positions to rank 13th on Forbes World's Billionaire list released on Tuesday.

Here are India’s top billionaires.

Mukesh Ambani: Founder and Chairman, Reliance Industries Ltd. Real Time Net Worth: $50 billion. Mukesh Ambani chairs and runs $51 billion (revenues) oil and gas giant Reliance Industries, among India's most valuable companies. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father's death in 2002, Ambani and his younger sibling Anil divided up the family empire. In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio. Jio has signed on 160 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.
Mukesh Ambani: Founder and Chairman, Reliance Industries Ltd. Real Time Net Worth: $50 billion. Mukesh Ambani chairs and runs $51 billion (revenues) oil and gas giant Reliance Industries, among India's most valuable companies. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father's death in 2002, Ambani and his younger sibling Anil divided up the family empire. In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio. Jio has signed on 160 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.
Azim Premji: Chairman, Wipro Limited. Real Time Net Worth: $22.6 billion. Premji gave up studies at Stanford University to look after the family's cooking oil business in 1966 when his father died and expanded into software. Wipro has an innovation centre in Silicon Valley, which is focused on developing new technologies and collaborating with startups. Premji's son Rishad, who heads strategy and sits on the board, also oversees Wipro's $100 million venture capital fund.
Azim Premji: Chairman, Wipro Limited. Real Time Net Worth: $22.6 billion. Premji gave up studies at Stanford University to look after the family's cooking oil business in 1966 when his father died and expanded into software. Wipro has an innovation centre in Silicon Valley, which is focused on developing new technologies and collaborating with startups. Premji's son Rishad, who heads strategy and sits on the board, also oversees Wipro's $100 million venture capital fund.
Shiv Nadar: Real Time Net Worth: $14.5 billion. Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors. Today, he chairs HCL Technologies, a $7.5 billion (revenue) company that is India's fourth-largest software services provider. To offset a slowdown in its traditional IT services business, HCL has invested $780 million in an intellectual property partnership with IBM. HCL Technologies, which employs 120,000 people worldwide, hires high school grads and trains them on the job. One of India's leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.
Shiv Nadar: Real Time Net Worth: $14.5 billion. Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors. Today, he chairs HCL Technologies, a $7.5 billion (revenue) company that is India's fourth-largest software services provider. To offset a slowdown in its traditional IT services business, HCL has invested $780 million in an intellectual property partnership with IBM. HCL Technologies, which employs 120,000 people worldwide, hires high school grads and trains them on the job. One of India's leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.
Lakshmi Mittal: Chairman and CEO, ArcelorMittal. Real Time Net Worth: $14.1 billion. Lakshmi Mittal serves as chairman and CEO of ArcelorMittal, the world's biggest steelmaker. Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France's Arcelor in 2006. Benefiting from the steel recovery, the company reported a surge in net profit to $4.6 billion in 2017 on revenue of $68.7 billion. ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy's loss making steel group Ilva for $2.1 billion in June 2017. ArcelorMittal has partnered with Japan's Nippon Steel to bid for billionaire siblings Shashi and Ravi Ruia's debt-strapped Essar Steel.
Lakshmi Mittal: Chairman and CEO, ArcelorMittal. Real Time Net Worth: $14.1 billion. Lakshmi Mittal serves as chairman and CEO of ArcelorMittal, the world's biggest steelmaker. Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France's Arcelor in 2006. Benefiting from the steel recovery, the company reported a surge in net profit to $4.6 billion in 2017 on revenue of $68.7 billion. ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy's loss making steel group Ilva for $2.1 billion in June 2017. ArcelorMittal has partnered with Japan's Nippon Steel to bid for billionaire siblings Shashi and Ravi Ruia's debt-strapped Essar Steel.
Kumar Birla: Real Time Net Worth: $11.6 billion. Commodities king Kumar Birla is the fourth generation head of the storied, $41 billion (revenue) Aditya Birla Group. The group's interests span cement and aluminum to telecom and financial services. Birla inherited the family empire at age 28 when his father Aditya Birla died in 1995. In March 2017, Birla orchestrated the merger between his telecom firm Idea Cellular and Vodafone India to take on Mukesh Ambani's Reliance Jio.
Kumar Birla: Real Time Net Worth: $11.6 billion. Commodities king Kumar Birla is the fourth generation head of the storied, $41 billion (revenue) Aditya Birla Group. The group's interests span cement and aluminum to telecom and financial services. Birla inherited the family empire at age 28 when his father Aditya Birla died in 1995. In March 2017, Birla orchestrated the merger between his telecom firm Idea Cellular and Vodafone India to take on Mukesh Ambani's Reliance Jio.
Gautam Adani & family: Net Worth: $11.9 billion.  Adani Group's interests include power generation and transmission, real estate and commodities. Adani's overseas assets include Australia's Abbott Point port and the controversial Carmichael coal mine, billed as one of the world's largest. Adani's son Karan runs listed firm Adani Ports & SEZ, now the family's biggest asset. Adani Group has partnered Swedish defence firm Saab to make Gripen fighter jets in India.
Gautam Adani & family: Net Worth: $11.9 billion.  Adani Group's interests include power generation and transmission, real estate and commodities. Adani's overseas assets include Australia's Abbott Point port and the controversial Carmichael coal mine, billed as one of the world's largest. Adani's son Karan runs listed firm Adani Ports & SEZ, now the family's biggest asset. Adani Group has partnered Swedish defence firm Saab to make Gripen fighter jets in India.
Sunil Mittal & Family: Net Worth: $6.4 billion. Telecom tycoon Sunil Mittal's Bharti Airtel is India's second- largest mobile phone operator with more than 400 million customers. Mittal also owns Airtel Payments Bank, a niche bank, in a joint venture with Kotak Mahindra Bank, controlled by fellow billionaire Uday Kotak.
Sunil Mittal & Family: Net Worth: $6.4 billion. Telecom tycoon Sunil Mittal's Bharti Airtel is India's second- largest mobile phone operator with more than 400 million customers. Mittal also owns Airtel Payments Bank, a niche bank, in a joint venture with Kotak Mahindra Bank, controlled by fellow billionaire Uday Kotak.
Acharya Balkrishna : Net Worth: $4.8 billion. Acharya Balkrishna derives his fortune from fast-growing consumer goods giant Patanjali Ayurved. Balkrishna owns 98.6% of the privately-held company, which he cofounded with politically well-connected yoga guru Baba Ramdev.
Acharya Balkrishna : Net Worth: $4.8 billion. Acharya Balkrishna derives his fortune from fast-growing consumer goods giant Patanjali Ayurved. Balkrishna owns 98.6% of the privately-held company, which he cofounded with politically well-connected yoga guru Baba Ramdev.
Ajay Piramal: Net Worth: $4.7 billion. Ajay Piramal heads the Piramal Enterprises, a group involved in pharma, healthcare and financial services. The Mumbai resident ranks eighth in the list with a net worth of $ 4.9 billion.
Ajay Piramal: Net Worth: $4.7 billion. Ajay Piramal heads the Piramal Enterprises, a group involved in pharma, healthcare and financial services. The Mumbai resident ranks eighth in the list with a net worth of $ 4.9 billion.
Kiran Mazumdar-Shaw: Net Worth: $3.4 billion. Kiran Mazumdar-Shaw is an Indian billionaire entrepreneur. She is the chairperson and managing director of Biocon Limited, a biotechnology company based in Bangalore, India and the chairperson of Indian Institute of Management Bangalore.
Kiran Mazumdar-Shaw: Net Worth: $3.4 billion. Kiran Mazumdar-Shaw is an Indian billionaire entrepreneur. She is the chairperson and managing director of Biocon Limited, a biotechnology company based in Bangalore, India and the chairperson of Indian Institute of Management Bangalore.
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