A record year for India. The latest FORBES list feature 90 Indian billionaires with a collective net worth of $295 billion; an increase of 28 newcomers. According to the magazine, Mukesh Ambani is no longer the richest person in India.
Let’s see the top 10 richest people in India of 2015, according to FORBES.
10. Sunil Mittal
(Net Worth: $7.8 Billion)
Owning India’s biggest mobile operator, Indian telecom tycoon Sunil Mittal has built himself a fortune in only 57 years of life. His company Bharti Airtel is world’s fourth-largest telecom by number of subscribers. In 2014, Bharti Airtel crossed a milestone of 300 million customers.
9. Kumar Birla
(Net Worth: $9.2 Billion)
After inheriting the Aditya Birla Group, a commodities conglomerate in 1995, Kumar felt the need to increase his fortune, so he bought businesses becoming the country’s largest cement producer. In a move to solidify the group’s cement business, his UltraTech Cement acquire two Indian cement units from rival Jaypee Group for a reported $870 million.
8. Godrej Family
(Net Worth: $11.6 Billion)
The owner of Godrej Group, a 117- year-old consumer goods conglomerate, Adi Godrej prides himself with the achievement of his children who run Godrej Properties, group’s biggest business. The family’s wealth, which until this year was listed under group chairman Adi Godrej, rose along with the value of its vast estate in suburban mumbai.
7. Shiv Nadar
(Net Worth: $12.5 Billion)
Tech billionaire Shiv Nadar is the owner of HCL Group, a large software producer with customers such as Boeing, Microsoft and Cisco. He co-founder HCL Group which added $3.7 billion to his fortune on rising shares of software outfit HCL Technologies.
Nadar has also expanded into healthcare with HCL Avitas, to build a chain of clinics in partnership with John Hopkins Medicine International.
6. Hinduja Brothers
(Net Worth: $13.3 Billion)
London based Indian billionaire brothers Srichand and Gopichand run a multinational company with diverse business from banking and healthcare to trucks. Their fortune is up by 50%, thanks to a rebound in the auto sector that boosted shares of their Indian truck-maker, Ashok Leyland.
The brothers are planning to invest as much as $10 billion in reviving stalled infrastructure and power projects in India, thanks to the new business-friendly the government have put in place.
5. Lakshmi Mittal
(Net Worth: $15.8 Billion)
Chairman and CEO at ArcelorMittal, world’s largest steel producer lost his long-held position as India’s second richest person. Another rough year for the steel baron, his company reduced its debt to $15.8 billion, by selling off such assets as a Kentucky steel plant.
He sold one of his three London houses due to 2013’s weak demand and heavy debt of his company, Mittel is still investing strong and looking to buy more steel plants around the world.
4. Pallonji Mistry
(Net Worth: $12.5 Billion)
India’s richest construction mogul, Pallonji Mistry who also holds an Irish citizenship got a big boost to his wealth thanks to the rise of his 18.4% stake in Tata Sons. He is chairman of Shapoorji Pallonji Group, a Mumbai-based conglomerate with interests in construction, real estate, textiles, shipping, publications, power, and biotechnology.
3. Azim Premji
(Net Worth: $19.3 Billion)
Richest software tycoon in India, 69 year-old Azim Premji is also known to be Asia’s most generous person after donating over $4 billion of his fortune. He is chairman of Wipro Limited, a company founded by his father Mohamed Premji as Western India Vegetable Products in 1945.
2. Mukesh Ambani
(Net Worth: $21 Billion)
How He Made His Money : Petrochemicals, Oil & Gas
Meet India’s former richest person: Mukesh Ambani!
He lost the top spot to pharmaceutical billionaire, Dilip Shanghvi.
He added $2.4 billion to his wealth. The 57 year-old petrochemicals, oil & gas tycoon used to be world’s fifth richest person. Although his fortune has seen a slight decline, he is still in the top 10 wealthiest people in India. He is the Chairman, Managing Director and majority shareholder of Reliance Industries Limited (RIL), a company co-founded by his father Dhirubhai Ambani.
1. Dilip Shanghvi
(Net Worth: $21.9 Billion)
This year’s biggest gainer is pharmaceutical billionaire, Dilip Shanghvi who is the owner and founder of Sun Pharmaceutical Industries, India’s most valuable drug company with market capital of $31 billion. He started Sun in 1983 as a maker of psychiatric drugs borrowing $160 from his father.
According to Forbes, Shanghvi is now the nation’s richest man thanks to shares surged of Ranbaxy Laboratories a company he acquired from Japan’s Daiichi Sankyo for $4 billion in 2014. He overtook Reliance Industries Ltd’s Chairman Mukesh Ambani.
Let’s see the top 10 richest people in India of 2015, according to FORBES.
10. Sunil Mittal
(Net Worth: $7.8 Billion)
Owning India’s biggest mobile operator, Indian telecom tycoon Sunil Mittal has built himself a fortune in only 57 years of life. His company Bharti Airtel is world’s fourth-largest telecom by number of subscribers. In 2014, Bharti Airtel crossed a milestone of 300 million customers.
9. Kumar Birla
(Net Worth: $9.2 Billion)
After inheriting the Aditya Birla Group, a commodities conglomerate in 1995, Kumar felt the need to increase his fortune, so he bought businesses becoming the country’s largest cement producer. In a move to solidify the group’s cement business, his UltraTech Cement acquire two Indian cement units from rival Jaypee Group for a reported $870 million.
8. Godrej Family
(Net Worth: $11.6 Billion)
The owner of Godrej Group, a 117- year-old consumer goods conglomerate, Adi Godrej prides himself with the achievement of his children who run Godrej Properties, group’s biggest business. The family’s wealth, which until this year was listed under group chairman Adi Godrej, rose along with the value of its vast estate in suburban mumbai.
7. Shiv Nadar
(Net Worth: $12.5 Billion)
Tech billionaire Shiv Nadar is the owner of HCL Group, a large software producer with customers such as Boeing, Microsoft and Cisco. He co-founder HCL Group which added $3.7 billion to his fortune on rising shares of software outfit HCL Technologies.
Nadar has also expanded into healthcare with HCL Avitas, to build a chain of clinics in partnership with John Hopkins Medicine International.
6. Hinduja Brothers
(Net Worth: $13.3 Billion)
London based Indian billionaire brothers Srichand and Gopichand run a multinational company with diverse business from banking and healthcare to trucks. Their fortune is up by 50%, thanks to a rebound in the auto sector that boosted shares of their Indian truck-maker, Ashok Leyland.
The brothers are planning to invest as much as $10 billion in reviving stalled infrastructure and power projects in India, thanks to the new business-friendly the government have put in place.
5. Lakshmi Mittal
(Net Worth: $15.8 Billion)
Chairman and CEO at ArcelorMittal, world’s largest steel producer lost his long-held position as India’s second richest person. Another rough year for the steel baron, his company reduced its debt to $15.8 billion, by selling off such assets as a Kentucky steel plant.
He sold one of his three London houses due to 2013’s weak demand and heavy debt of his company, Mittel is still investing strong and looking to buy more steel plants around the world.
4. Pallonji Mistry
(Net Worth: $12.5 Billion)
India’s richest construction mogul, Pallonji Mistry who also holds an Irish citizenship got a big boost to his wealth thanks to the rise of his 18.4% stake in Tata Sons. He is chairman of Shapoorji Pallonji Group, a Mumbai-based conglomerate with interests in construction, real estate, textiles, shipping, publications, power, and biotechnology.
3. Azim Premji
(Net Worth: $19.3 Billion)
Richest software tycoon in India, 69 year-old Azim Premji is also known to be Asia’s most generous person after donating over $4 billion of his fortune. He is chairman of Wipro Limited, a company founded by his father Mohamed Premji as Western India Vegetable Products in 1945.
2. Mukesh Ambani
(Net Worth: $21 Billion)
How He Made His Money : Petrochemicals, Oil & Gas
Meet India’s former richest person: Mukesh Ambani!
He lost the top spot to pharmaceutical billionaire, Dilip Shanghvi.
He added $2.4 billion to his wealth. The 57 year-old petrochemicals, oil & gas tycoon used to be world’s fifth richest person. Although his fortune has seen a slight decline, he is still in the top 10 wealthiest people in India. He is the Chairman, Managing Director and majority shareholder of Reliance Industries Limited (RIL), a company co-founded by his father Dhirubhai Ambani.
1. Dilip Shanghvi
(Net Worth: $21.9 Billion)
This year’s biggest gainer is pharmaceutical billionaire, Dilip Shanghvi who is the owner and founder of Sun Pharmaceutical Industries, India’s most valuable drug company with market capital of $31 billion. He started Sun in 1983 as a maker of psychiatric drugs borrowing $160 from his father.
According to Forbes, Shanghvi is now the nation’s richest man thanks to shares surged of Ranbaxy Laboratories a company he acquired from Japan’s Daiichi Sankyo for $4 billion in 2014. He overtook Reliance Industries Ltd’s Chairman Mukesh Ambani.
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