The list has only two women billionaires from India, both matriarchs of big corporate houses. Jindal group’s Savitri Jindal is ranked 80 in the rich list with a networth of $10.9 billion. Chair of the media group Bennett Coleman Indu Jain, 75, is ranked 578th in the Forbes list with a networth of $2.2 billion
New York: Indian business tycoon Mukesh Ambani has retained his title of being the world’s richest Indian despite an erosion of $4.7 billion in his wealth in the past year as he beat 47 billionaires from India in the Forbes magazine's annual list of the world’s richest people, reports PTI.
India’s top ten richest billionaires included Savitri Jindal & family (world rank 80), Sunil Mittal & family (113), Kumar Birla (116) Anil Ambani (118) Dilip Sanghvi (124) Shashi & Ravi Ruia (133) and Kushal Pal Singh (153).
The world list has also has nine of Indian-origin living in countries like Indonesia, Ireland, Thailand, UK and the US, taking the total number of billionaires hailing from India to 57.
India’s 48 billionaires have a total networth of a whopping $194.6 billion.
The list has only two women billionaires from India, both matriarchs of big corporate houses.
Jindal group’s Savitri Jindal is ranked 80 in the rich list with a networth of $10.9 billion. Chair of the media group Bennett Coleman Indu Jain, 75, is ranked 578th in the Forbes list with a networth of $2.2 billion.
The 54-year-old Mr Ambani, chairman of Reliance Industries, with a networth of $22.3 billion is ranked 19 in the global rich list.
“Mukesh Ambani is the world’s richest Indian, despite losing $4.7 billion in the past year,” Forbes said.
ArcelorMittal chairman Lakshmi Mittal comes at the 21st position with a $20.7 billion networth. Forbes said Mittal lost $10.4 billion in the past year, more than anyone else in the world and dropped out of the top 10 rankings for the first time since 2004.
Mr Mittal had ranked sixth in last year’s list when his networth was $31.1 billion.
Wipro boss Azim Premji is the third richest Indian in the list. With a networth of $15.9 billion, 66-year-old Mr Premji is ranked 41 on the Forbes list.
With an $8.1 billion networth, Bharti Enterprises’ chairman Sunil Mittal is ranked 113.
Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani comes in at the 118th position in the list, his networth of $7.8 billion, only about a third of that of his wealthier elder brother.
“Despite patch up with brother Mukesh that included a much photographed reunion in their late father’s hometown, Anil Ambani continues on a losing streak, down one billion dollars in past year and down $34.2 billion from his 2008 peak,” Forbes said.
Other billionaires from India include real estate major DLF chief KP Singh ($6.4 billion), IT company HCL’s Shiv Nadar ($5 billion), healthcare tycoons Malvinder and Shivinder Singh ($3.5 billion), Godrej group chairman Adi Godrej ($2.4 billion), Chairman of the Bajaj group conglomerate Rahul Bajaj ($1.8 billion) and Infosys co-founder NR Narayan Murthy and his family ($1.7 billion).
Investment bigwig Rakesh Jhunjhunwala occupies the 1075th rank with $1.1 billion of networth. Tied for the 1153th rank is liquor baron Vijay Mallya and Spice group chief Bhupinder Kumar Modi with networths of $1 billion each.
Also in the list is construction tycoon Pallonji Mistry, an Irish citizen, who with a networth of $9.7 billion is ranked 96th.
Mr Mistry’s younger son Cyrus has been anointed successor to Tata group chief Ratan Tata when he retires in December. Incidentally, like last year, Tata is not on the rich list this year.
I read the Cover Story on “Tax Saving Tricks” (Moneylife, 9 February 2012) by Raj Pradhan. It is very informative for taxpayers. The salaried often overlook the fine print of tax laws and their implications casually resulting in foregone real benefits and loss of savings due to paying more than the required amount of tax. While most people know about deductions under Section 80C, 80CCF and...
This is my first email to you and that too for a complaint about TRAI’s (Telecom Regulatory Authority of India) ban on unwanted SMSs. Although I have registered for DND (do not disturb), I notice that I have been getting promotional text messages from Indian companies but from an international number. I’ll register a complaint with TRAI but I wanted to bring this to your notice.