Indians by net worth.
According to Forbes
magazine, India has
recently become home to
the largest number of
billionaires in Asia. The
following data comes from
the Forbes list of India's 40
Richest . There are 54
Indians (Indian citizens
only) in the following list
including 14 billionaires
who did not make it into
top 40.
Until the late 1960s, royalty
like Nizam Asaf Jah VII
dominated the elite list in
India. Commoners like
Birlas and Ambanis began
to amass fortunes in the
last quarter of 20th century
as the country began to
liberalise controls on
industry.
Methodology: Ranking has
been broadened to include
family fortunes. For
instance, Tulsi Tanti's $10
billion fortune represents
his family's entire 70% stake
in Suzlon Energy, not his
29% stake that's reflected in
the billionaire rankings. Net
worths were calculated
using Nov 2nd 2007 market
prices and exchange rates.
Privately held companies
are valued by comparing
them to similar publicly
traded companies. Besides
being rich, one must be an
Indian citizen to make this
list. As a result, three non-
India residents, including
Lakshmi Mittal, are
included, but construction
magnate Pallonji Mistry,
Tata Sons' largest
shareholder, who has
become a citizen of Ireland,
is not.
India is expected to soon
overtake the United States
to gain more billionaires
among the world 's top 10
than any other country.[2]
Rank Name
Net
Worth
(US$
bil)
Age City Main Source Industry
1 Mukesh
Ambani 29 51 Mumbai Reliance
Industries Diversified
2 Lakshmi Mittal 28.7 59 London ArcelorMittal Steel
3 Anil Ambani 12 50 Mumbai Anil Dhirubhai
Ambani Group Diversified
4 Kushal Pal
Singh 5 75 Delhi DLF Universal Real Estate,
Construction
5 Azim Premji 12.7 61 Bangalore Wipro
Technologies Diversified but
primarily software
and IT-enabled
services
6 Sunil Mittal 12.5 49 Delhi Bharti Airtel Telecommunications
7 Srichand and
Gopichand
Hinduja 12.4 London Hinduja Group Diversified
8 Shashi Ruia &
Ravi Ruia 12 63 Mumbai Essar Group Diversified
9 Ramesh
Chandra 11.6 68 Delhi Unitech Construction, Real
Estate
10 Kumar
Mangalam
Birla 11 39 Mumbai Aditya Birla
Group Diversified
11 Tulsi Tanti 10 47 Pune Suzlon Wind Power
12 savitri jindal 8.5 58 Delhi Jindal Steel Metals
13 Anil Agarwal 7.4 52 London Vedanta
Resources Mining
14 Gautam Adani 6.7 45 Ahmedabad Adani Group Diversified
15 Grandhi Rao 6.2 57 Hyderabad GMR Group Infrastructure
16 Adi Godrej 5.2 64 Mumbai Godrej
Industries Diversified
17 Uday Kotak 4.6 46 Mumbai Kotak Mahindra
Bank Finance
18 Indu Jain 4.4 71 Delhi Bennett,
Coleman & Co.
Ltd. Media
19 Shiv Nadar 4.3 61 Delhi HCL Consumer
electronics, ITES
21 Dilip Shanghvi 3.9 50 Mumbai Sun
Pharmaceuticals Pharmaceuticals
21 Jaiprakash Gaur 3.9 76 Delhi Jaiprakash
Associates Infrastructure
22 Cyrus
Poonawalla 3.1 67 Pune Serum Institute
of India Pharmaceuticals,
Biotechnology
23 Kalanidhi
Maran 2.7 42 Chennai Sun Network Media
24 Subhash
Chandra Goel 2.6 55 Mumbai Zee Network Entertainment
25 Baba Kalyani 2.5 56 Pune Bharat Forge Metals
26 Rakesh
Wadhawan 2.35 55 Mumbai Housing
Development &
Infrastructure
Ltd Real Estate
27 Rahul Bajaj 2.3 67 Pune Bajaj Diversified
28 Malvinder
Mohan Singh 2.25 42 Delhi Ranbaxy Pharmaceuticals
29 Venugopal
Dhoot 2.2 52 Mumbai Videocon Consumer durables,
Communications,
DTH, Oil&Gas, Power
30 rajan raheja 2.15 54 Mumbai Rajan Raheja
Group Diversified
31 Niranjan
Hiranandani 2.1 57 Mumbai Hiranandani
Developers Pvt.
Ltd Real Estate
32 Vivek Burman 2 70 Delhi Dabur India
Limited Herbal consumer
products
33 Reji Abraham 2 41 Chennai Aban Group Offshore oil drilling
[3]
34 L.
Madhusudhan
Rao 1.9 41 Hyderabad Lanco Group Infrastructure
35 Gautam Thapar 1.8 46 Mumbai Avantha Group Chemicals,
infrastructure &
engineering
36 Anurag Dikshit 1.75 35 Gibraltar PartyGaming Online gambling
37 Vikas Oberoi 1.7 37 Mumbai Oberoi
Constructions Property
development
38 N.R. Narayana
Murthy 1.69 61 Bangalore Infosys
Technologies Software and IT-
enabled services
39 Anu Aga 1.67 65 Pune Thermax Energy and
environment
engineering
solutions
40 Gracias
Saldanha 1.65 70 Mumbai Glenmark Pharmaceutical
41 Vijay Mallya 1.6 51 Bangalore United
Breweries
Group Beverages, Airlines,
Force India F1 Team,
Royal Challengers
Bangalore
42 Naresh Goyal 1.55 56 Mumbai Jet Airways Airlines
43 Murali K.Divi 1.53 Hyderabad Divi's
Laboratories Pharmaceuticals
44 Sanjay Kirloskar 1.5 52 Pune Kirloskar Group Diversified
45 Jignesh Shah 1.37 Financial
Technologies Financial software
46 Yusuf Hamied 1.32 69 Mumbai Cipla Pharma
47 Nandan
Nilekani 1.26 50 Bangalore Infosys Software and IT-
enabled services
48 Pradeep Jain 1.25 Delhi Parsvnath
Developers Real estate
49 Siddhiprasad 1.24 34 Nagpur Essel Propack Diversified
50 Habil
Khorakiwala 1.23 63 Mumbai Wockhardt Health
51 Rohtas Goel 1.20 Delhi Omaxe Real estate
53 S
Gopalakrishnan 1.18 51 Bangalore Infosys Software and IT-
enabled services
54 Brijmohan Lall
Munjal 1.12 83 Delhi Hero Honda Automotive
55 Rakesh
Jhunjhunwala 1.10 Mumbai Rare Enterprises Investments
56 Keshub
Mahindra 1.08 Mahindra &
Mahindra Diversified
57 Nimesh
Kampani 1.05 61 Mumbai JM Financial Financial services
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