From the third world country to one of the biggest markets of the world, India has seen all. So let us know about the top 7 billionaires of India and their impact on the Indian economy.
There was a time when India was considered one of the poorest countries in the world. India is a third-world country was one of the facts that used to be part of the Indian curriculum. But, it was not that there were no rich people in the country at all. In the year 1992 when India’s doors and windows were opened for direct investments from foreign lands, the economy of India started to gain momentum and today one can easily find many Indians in the world’s top billionaires’ list because of the benefits from the open markets.
After opening the Indian markets they went bigger and bigger and with a huge middle-class India is now considered as one of the world’s biggest markets. With this, the businessmen and businesswomen too grew along with Indian industries, and today India has several millionaires and billionaires for whom we can feel proud.
So, here we are with a distinguished list of the Top 7 Billionaires of India who are shining high and bright on the skies of world trade and economy. Let us know more about these 7 dignitaries who, in a way, have become part of India’s growth engine.
1 – Mukesh Ambani, Chairman Reliance Industries
Net worth: $92.7 billion
There is hardly any Indian on the globe who doesn’t know Mukesh Ambani. He is the chairman of India’s biggest corporate Reliance Industries and holds numerous positions on various boards. According to a recent report by Forbs Mukesh Ambani has a net worth of $92.7 billion and he is the richest Asian. Reliance Industries Limited or RIL is also part of the Fortune Global 500 list of companies worldwide. Reliance Industries is involved in petrochemicals having the world’s largest refinery in Khavdi near Jamnagar, Gujarat. Apart from that RIL is involved in retail and telecommunications as well with Reliance Mart and JIO brands respectively.
2 – Gautam Adani, Chairman Adani Group
Net Worth: $74.8
Another famous name in India’s economic and industrial structure after Mukesh Ambani is definitely Gautam Adani. Just like Reliance Industries Adani Group which is based in Ahmedabad, Gujarat is also involved in many business activities. Adani Group is doing business in energy, agriculture, defense, resources, logistics, and aerospace. Gautam Adani is the second richest man in Asia and 17th in the world. Some of the famous Adani business establishments are Adani Ports & SEZ, Adani Power, Adani Enterprises, and Adani Transmission.
3 – Shiv Nadar, Founder HCL Technologies
Net Worth: $31 billion
Shiv Nadar established HCL Technologies in the mid-1970s that became one of India’s first IT companies at that time. Later HCL transformed the entire IT industry along with a few other IT giants. Later Shiv Nadar and his partners started selling IT hardware to Singapore and many other countries and since then there is no stopping.
4 – Radhakishan Damani, Investor, and Owner of DMart
Net worth: $29.4 billion
There are many success stories about persons who made riches out of the Indian Stock Market and Radhakishan Damani is one of them. He left the ball-bearing business established by his father and jumped into the stock market and earn billions. Currently, Radhakishan Damani owns a retail shop chain called DMart that was established in 2002, and today it has 234 stores across India.
5 – Cyrus Poonawalla, Founder Serum Institute of India
Net worth: $19 billion
The Serum Institute of India or SII is not a new name to Indians now, as SII made the anti-COVID vaccine COVISHIELD and millions of doses of that vaccine have been administered to Indians to date. The same Serum Institute of India was established by Cyrus Poonawalla in 1966 and has made its name in the pharma and biotech industry of the country. Cyrus Poonawalla’s son Adar Poonawalla is now holding the torch of the company.
6 – Lakshmi Mittal, President Arcelor Mittal
Net worth: $18.8 billion
One can call Lakshmi Mittal ‘the steel king of India’, although he is based in London. Lakshmi Mittal owns Arcelor Mittal that is considered to be the world’s largest steel manufacturing company. In the year 2005 Lakshmi Mittal was the 3rd richest person in the world as per Forbes that made him to become the first Indian to be in the top 10 richest people of the world.
7 – Savitri Jindal, Chairperson OP Jindal Group
Net Worth: $18 billion
Savitri Jindal became the chairperson of the OP Jindal group after her husband Om Prakash Jindal died in a helicopter crash in 2005. The OP Jindal group is engaged in steel, mining, power, oil, and natural gas and Jindal Steels is one of the largest steel manufacturers of India.
Hope you are now aware of the top 7 billionaires of India. There are three other billionaires in India that will complete the list of the top 10 billionaires of India.
At no. 8 Uday Kotak with a net worth of $16.5, Pallonji Mistry with a net worth of $16.4 billion, and last but not the least at No. 10 Kumar Mangalam Birla with a net worth of $15.8 billion.
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