REVEALED: the planet’s richest Indians
You’ve met the wealthiest men in the Gulf – but who’s ruling the roost everywhere else in the world? The Bloomberg Billionaires Index has all the answers.
1. Mukesh Ambani - $20bn
\nDespite losing nearly $3bn over the past 12 months thanks to depressed commodity prices, Ambani’s bank manager won’t be worried just yet. He has a 41 percent stake in Reliance Industries, operates the world’s largest refinery complex, runs the Mumbai Indians cricket team and owns the world’s most expensive home.
2. Dilip Shanghvi - $16.4bn
\nAs well as Shanghvi’s 61 percent stake in India’s largest pharmaceuticals manufacturer, Sun Pharmaceuticals, he also has stakes in Sun Pharma Advanced Research, Natco Pharma and Bio Light Israel Life Sciences. He is known as Dilipbhai and is the world’s wealthiest pharma executive.
3. Azim Premji - $13.8bn
\nAzim Premji’s wealth has dropped by a fair margin this year, but only because he shifted $4bn into his foundation. He has accumulated his wealth as the chairman and biggest shareholder of Wipro, India’s third-biggest software manufacturer. Premji has twice been named among TIME magazine’s 100 most influential people.
4. Pallonji Mistry - $12.4bn
\nMistry and his sons own an 18.5 percent stake in Tata Sons, the holding company of the Tata Group. Mistry also owns the Shapoorji Pallonji construction giant, which has significant operations in the Gulf, as well as in South Asia and Africa. His firm built the Taj Mahal Palace in Mumbai and the Sultan of Oman’s palace in Muscat.
5. Shiv Nadar - $11.2bn
\nNadar is the founder of HCL Technologies, and has a 62 percent stake in India’s fourth-biggest software manufacturer. He also has a 50 percent stake in HCL Infosystems, and has committed about 10 percent of his wealth to philanthropy.
6. Lakshmi Mittal - $8.6bn
\nBased in the UK, Mittal is the largest shareholder in ArcelorMittal, the world’s biggest steelmaker. He also has a number of properties in London, and owns a 34 percent stake in football team Queen’s Park Rangers.
7. Cyrus Poonawalla - $8.2bn
\nPoonawalla runs the world’s largest vaccine manufacturer, Serum Institute of India. He has stakes in polio vaccine manufacturer Panacea Biotec, and Indian pharma firm Orchid Chemicals and Pharmaceuticals. He’s been described by Bill Gates as one of the “seven vaccine heroes”.
8. Uday Kotak - $6.6bn
\nThe man controlling Kotak Mahindra Bank, Kotak is India’s richest finance executive. The lender has $20bn in assets. Kotak also has a 95 percent stake in daily finance newspaper Business Standard. In 2006, the bank and the family sold their 8.3 percent stake in Hutchison Essar for $230m.
9. Desh Gupta - $6bn
\nAnother pharma mogul, Gupta runs Lupin, the world’s biggest maker of drugs to treat tuberculosis. It has 13 plants in India, Mexico and Japan, and has been steadily acquiring other brands over the last decade. Gupta borrowed $80 from his wife to set up the firm in 1968.
10. Kumar Birla - $6bn
\nBirla is chairman of Aditya Birla Group, India’s third largest business group, with extensive interests in aluminium manufacturing and financial services. He took over the company aged just 28. He also owns miner Essel and has a 23 percent stake in Grasim Industries, which makes viscose staple fibre.