India is a fast growing country. The Indian economy has a growth rate of over 7.5 per cent. The top 100 rich in the country lost 20 per cent of their wealth, which was down to $241 billion in the latest ranking of Forbes magazine from $300 billion. Apart from Reliance Industries’ Mukesh Ambani, Sun Pharma’s Dilip Shanghvi’s with his net worth of INR 89,000 crore; the steel Baron Lakshmi Niwas Mittal with net worth of Rs. 88,200; with INR 85,100 crore the founder and chairman of HCL, Shiv Nadar; along with the founder of multi-billion dollar IT giant Wipro’s Azim Premji with INR 79,000 crore; followed by Acharya Balakrishna of ayurveda giant Patanjali; Uday Kotak of Kotak Mahindra Bank with net worth of INR 62,700; and with net worth of INR 56,500 crore Bharti Airtel’s Sunil Mittal and Family made it to the 2017 Hurun India Rich List.
The financial, commercial and the entertainment capital of India, Mumbai, is home to India’s super-rich. As 162 super-rich individuals from Mumbai made it to the 2017 Hurun India Rich List followed by the capital city of India, New Delhi, and then the Silicon Valley of India, Bengaluru. This year’s Hurun India Rich List features eight self-made women. Whereas with 53 entries, the number of women in the Hurun India Rich List increased by 300%. Biotechnology queen, Kiran Mazumdar-Shaw is the richest self-made women in India with Rs. 15,400 crore. As per the Hurun India Rich List, Patanjali has secured second place in Indian FMGC market share in under five years. According to the report of International research agency, the 2017 Hurun India Rich List has witnessed many new faces. This year Hurun Report witnessed 302 new faces for the Hurun India Rich List. The new retail king of Dmart, with his 320percent wealth increase, is the biggest gainer 62 year old, Radhakishan Damani witnessed the fastest growth as he witnessed three times increase in his wealth. Interestingly, Indian ayurveda giant Patanjali’s CEO and MD, Achary Balakrishna has made it Balakrishna rose to eighth position from 25th last year. Last year Patanjali’s Acharya Balakrishna was also named in the Forbes 100 richest Indians.
Ambani moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. New Delhi: Reliance Industries Chairman Mukesh Ambani is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine’s annual billionaires list published Tuesday. Ambani moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. In 2017, he ranked 33rd with $23.2 billion. India has 121 billionaires 19 more than last year making them the third largest group of the ultra-rich after those from the US and China, according to Forbes, the business magazine that produces an annual list.
With a networth of INR 257,900 Crore, the CEO and MD of Reliance Industries Limited topped the chart of 2018. Interestingly, his wealth is 50% more than the GDP of Yemen- the country of his birth. Company/Business: Petrochemicals, oil & gas with a net Worth: $40.1 billion. Global Ranking is 19.
Software entrepreneur Azim Premji moves to the second richest Indian spot in 2018, passing Lakshmi Mittal, the international steel tycoon, according to the magazine. The founder of multi-billion dollar IT giant Wipro’s, Azim Premji’s net worth is INR 79,300 crore. In 2006, Azim Premji founded the Premji Invest. Company/Business: Software services. Net Worth: $18.8 billion Global Ranking is 58.
The steel Baron of India, Lakshmi Niwas Mittal with a net worth of INR 88,200 crore is the third richest Indian as per the Hurun Report. Company/Business: Steel Net Worth: $18.5 billion Ranking: 62
With a net worth of INR 85,100 crore, Shiv Nadar became the fourth richest Indian according to the Hurun India Rich List. He is the founder and Chairman of IT giant HCL. /Business: Software services. Net Worth: $14.6 billion Global Ranking: 98
Sun Pharma’s Dilip Shanghvi followed Mukesh Ambani in the Hunur Report of 2017. With a net worth of INR 89,000 crore Dilip Shanghvi became the second richest Indian. Company/Business: Pharmaceuticals. Net Worth: $12.8 billion. Global Ranking: 115
Kumar Mangalam Birla
Kumar Mangalam Birla is an Indian industrialist and the chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India. An educationist, Birla is the Chancellor of Birla Institute of Technology & Science (BITS). He is Chairman of IIT Delhi, IIM Ahmedabad and Chairman of Rhodes India Scholarship Committee for Oxford University. He serves on London Business School’s Asia Pacific Advisory Board and is an Honorary Fellow of the London Business School. Net worth: 990 crores USD (2018) Net Worth: $11.8 billion Global Ranking: 127
With a networth of INR 62,700 crore, Uday Kotak of the Kotak Mahindra Bank is the ninth richest person as per the Hunur India Rich List of 2017. Company/Business: Banking Net Worth: $10.7 billion. Global Ranking: 143.
DMart a chain of hypermarket and supermarkets in India founded by Radhakishan Damani in the year 2002. As of 2018, it has 154 stores spread across Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka and Punjab. DMart is promoted by Avenue Supermarts Ltd. The company has its headquarters in Mumbai. Retail Net Worth: $10 billion. Global Ranking: 151
The Chairman of Adani Group, Gautam Adani with a net worth of INR 70,600 crore became the seventh Richest Indian as per the Hunur Report. Company/Business: Commodities, ports Net Worth: $9.7 billion. Global Ranking: 154
Billionaire Cyrus Poonawalla of Serum Institute secures sixth position in the Hurun India Rich List of 2017. He has a networth of INR 71,100 crore. /Business: Vaccines Net Worth: $9.1 billion. Global Ranking: 170\
Sunil Mittal and Family
The founder and Chairman of Bharti Airtel, Sunil Mittal with a net worth of INR 56,500 crore is the tenth richest Indian as per the Hunur India Rich List of 2017. He launched the Airtel Payment Bank and recently signed the agreement to acquire Telenor’s India.