INDIANS in TOP 200 Richest People of World 2019

To our surprise, there is no woman from in the list representing India. We hope we see Indian women in the Forbes top 200 in the coming years...

There is a total of 10 Indians in the top 200 of the world’s richest people. To our surprise, there is no woman from the list representing India. We hope we see Indian women in the Forbes top 200 in the coming years. Top 200 richest people in India.

How to calculate the net worth of a person?

Wealth or Capital = Total (Assets – Liabilities)

Every company has different methodologies to calculate the net worth of a person. It involves a lot of brainstorming, estimation, guessing by educated and brainy professionals. Records from public and private sources are thoroughly examined before releasing the list.

Here are a few sources that are considered before calculating the worth of a person:

  1. Contacting the person itself: Thanks to good relations of Companies like Forbes and Bloomberg with businessmen and entrepreneurs, they personally ask the information. This platform is beneficial for promotion of their respective professions and can be used for publicity.
  2. Public Assets: Its a cup of tea for the financial institutes to calculate the worth of a person if their company is public. They calculate the assets of the person by analyzing the financial statement of the company and share owned by the person in the company.
  3. Private Assets: These generally include land, property, or either assets owned by the person.

Have a look at INDIANS in TOP 200 Richest People:

10. Dilip Shanghvi

ON FORBES LISTS #191 Billionaires 2019
REAL-TIME NET WORTH: $7.8B

Fast Facts:

  • The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharma in 1983 to make psychiatric drugs.
  • The company is the world’s fourth-largest specialty generics maker and India’s most valuable pharma outfit with March 2018 revenues of $3.6 billion.
  • He grew Sun through a series of acquisitions, the biggest of which was the 2014 purchase of scandal-tainted rival Ranbaxy Laboratories for $4 billion.
  • His fortune was hit when Sun’s shares fell in January 2019 after a whistleblower reported alleged corporate governance lapses to the market regulator.
STATS:
AGE: : 63
SOURCE OF WEALTH: : Pharmaceuticals, Self Made
RESIDENCE: : Mumbai, India
NUMBER OF FAMILY MEMBERS: : 3
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 3
EDUCATION: : Bachelor of Arts/Science, Calcutta University

Our story is all about incremental growth. We’re not looking for big leaps; we prefer small jumps. – Dilip Shanghvi

9. Gautam Adani

ON FORBES LISTS #167 Billionaires 2019
REAL-TIME NET WORTH: $11.8B

Fast Facts:

  • Ports tycoon Gautam Adani controls Mundra Port, India’s largest, in his home state of Gujarat.
  • His $12 billion (revenue) Adani Group’s interests span power generation and transmission, real estate and commodities.
  • Adani owns Abbott Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world’s largest.
  • In August 2018, Adani completed the $2.6 billion acquisition of Anil Ambani-owned Reliance Infrastructure’s power business in Mumbai.
  • Adani has entered the petrochemicals sector in a $2.6 billion joint venture with Germany’s BASF and has also won bids to run 6 domestic airports.
STATS:
AGE: : 57
SOURCE OF WEALTH: : Commodities, ports, Self Made
RESIDENCE: : Ahmedabad, India
NUMBER OF FAMILY MEMBERS: : 7
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 2

Being an entrepreneur is my dream job as it tests ones tenacity. I could never take orders from anyone. -
Gautam Adani

8. Cyrus Poonawalla

ON FORBES LISTS #147 Billionaires 2019
REAL-TIME NET WORTH: $10B

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Fast Facts:

  • Son of a racehorse breeder, Cyrus Poonawalla founded Serum Institute of India in 1966 and built it into one of the world’s largest vaccine makers.
  • Serum produces 1.5 billion doses annually of a range of vaccines, including for measles, polio, and flu.
  • His U.K.-educated son Adar is Serum’s CEO and helps him run the company.
    Serum owns Dutch vaccine maker Bilthoven Biologicals and the Czech unit of U.S. firm Nanotherapeutics.
  • In June 2018, Poonawalla was conferred the honorary degree of the Doctor of Humane Letters by the University of Massachusetts Medical School.
STATS:
AGE: : 78
SOURCE OF WEALTH: : Vaccines
RESIDENCE: : Pune, India
NUMBER OF FAMILY MEMBERS: : 1
CITIZENSHIP: : India
MARITAL STATUS: : Widowed
CHILDREN: : 1
EDUCATION: : Bachelor of Arts/Science, Pune University; Doctorate, Pune University

We reach more children than Coca-Cola and PepsiCo can ever hope to. – Cyrus Poonawalla

7. Radhakishan Damani & family

ON FORBES LISTS #122 Billionaires 2019
REAL-TIME NET WORTH: $11.4B

Fast Facts:

  • Veteran Mumbai investor Radhakishan Damani became India’s retail king after the March 2017 IPO of his supermarket chain DMart.
  • Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since.
  • Damani also holds stakes in a range of companies, from tobacco firm VST industries to beer maker United Breweries.
  • His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beach-front getaway close to Mumbai.
STATS:
AGE: : 64
SOURCE OF WEALTH: : Investments, retail, Self Made
RESIDENCE: : Mumbai, India
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 3

Do you know:

Damani was a mentor to billionaire investor Rakesh Jhunjhunwala.

Damani was a mentor to billionaire investor Rakesh Jhunjhunwala. Low profile Damani rarely makes appearances at public events and avoids speaking to the press.

Read More:

6. Kumar Birla

ON FORBES LISTS #122 Billionaires 2019
REAL-TIME NET WORTH: $11.9B

Fast Facts:

  • Commodities king Kumar Birla is the fourth generation head of the storied, $44.3 billion (revenue) Aditya Birla Group.
  • The group’s interests span cement and aluminum to telecom and financial services.
  • Birla inherited the family empire at age 28 when his father Aditya Birla died in 1995.
    In July 2018, his aluminum unit Novelis agreed to acquire Aleris, an aluminum producer in Ohio, for $2.6 billion.
  • In August 2018, Birla completed the merger between his Idea Cellular and Vodafone India to form Vodafone Idea, India’s largest telecom firm.
STATS:
AGE: : 52
SOURCE OF WEALTH: : commodities
RESIDENCE: : Mumbai, India
NUMBER OF FAMILY MEMBERS: : 1
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 3
EDUCATION: :Bachelor of Arts/Science, University of Bombay; Master of Business Administration, London Business School

We have a last-man-standing philosophy that has helped us weather difficult times. We’ve always been very disciplined. – Kumar Birla

5. Uday Kotak

ON FORBES LISTS #114 Billionaires 2019
REAL-TIME NET WORTH: $14.3B

Fast Facts:

  • 1985 then went on to convert it into a bank in 2003.
  • His Kotak Mahindra Bank is now among India’s top four banks in the private sector, boosted by its 2014 acquisition of ING Bank’s Indian operations.
  • Since its March 2107 launch, Kotak’s 811 digital banking app, which offers zero-balance accounts, has expanded the customer base to 16 million.
  • The Reserve Bank of India did not approve Kotak’s move to issue preference shares to comply with rules to reduce his stake to 20% by December 2018.
  • Kotak is battling the Reserve Bank of India in court over the issue of reducing his stake in the bank.
STATS:
AGE: : 60
SOURCE OF WEALTH: : banking, Self Made
RESIDENCE: : Mumbai, India
NUMBER OF FAMILY MEMBERS: : 1
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 2
Education

Things change so fast, you can’t afford to be complacent. – Uday Kotak

4. Lakshmi Mittal

ON FORBES LISTS #91 Billionaires 2019
REAL-TIME NET WORTH: $11.5B

Fast Facts:

  • Lakshmi Mittal serves as chairman and CEO of ArcelorMittal, the world’s biggest steelmaker.
  • Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France’s Arcelor in 2006.
  • Benefiting from an uptick in steel, the company reported double-digit growth in net profit to $5.1 billion in 2018 on revenue of $76 billion.
  • ArcelorMittal completed the $2.1 billion acquisition of Italy’s loss-making steel group Ilva in November 2018.
  • In 2018, his $5.9 billion bid for bankrupt Essar Steel, once controlled by billionaires Shashi and Ravi Ruia, was accepted by Essar’s creditors.

Read More:

STATS:
AGE: : 69
SOURCE OF WEALTH: : Steel
RESIDENCE: : London, United Kingdom
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 2
EDUCATION: :Bachelor of Arts/Science, St Xavier’s College Calcutta

Do you know:

Mittal has held a board seat at Goldman Sachs since 2008.

Lakshmi Mittal has held a board seat at Goldman Sachs since 2008. Mittal has received the Padma Vibhushan, India’s second-highest civilian honor, and a Forbes Lifetime Achievement Award.

3. Shiv Nadar

ON FORBES LISTS #82 Billionaires 2019
REAL-TIME NET WORTH: $14.4B

Fast Facts:

  • Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors.
  • Today, he chairs HCL Technologies, an $8.2 billion (revenue) company that is India’s fourth-largest software services provider.
  • In December 2018, HCL Technologies agreed to buy some software products from IBM for $1.8 billion.
  • HCL Technologies, which employs close to 128,000 people worldwide, hires high school grads and trains them on the job.
  • One of India’s leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.
STATS:
AGE: :74
SOURCE OF WEALTH: :Software services, Self Made
RESIDENCE: :Delhi, India
CITIZENSHIP: :India
MARITAL STATUS: :Married
CHILDREN: :1
EDUCATION: :Bachelor of Arts/Science, PSG College of Technology

I came from a rural background, but I did all right. – Shiv Nadar

2. Azim Premji

ON FORBES LISTS #36 Billionaires 2019
REAL-TIME NET WORTH: $5.1B

Fast Facts:

  • Indian tech magnate Azim Premji’s $8.4 billion (revenue) Wipro is India’s third-largest outsourcer.
  • Premji gave up studies at Stanford in 1966 to look after the family’s cooking oil business when his father died, expanding it into the software.
  • Wipro has an innovation center in Silicon Valley, which is focused on developing new technologies and collaborating with startups.
  • Premji’s son Rishad, who heads strategy and sits on the board, also chairs industry lobby group NASSCOM.
  • In September 2018, Wipro won a landmark $1.6 billion,10-year contract from Alight Solutions of Illinois.
STATS:
AGE: : 73
SOURCE OF WEALTH: : Software Service
RESIDENCE: : Bangalore, India
NUMBER OF FAMILY MEMBERS: : 3
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 2
Education: Bachelor of Arts/Science, Stanford University

Do you know:

Premji is among the world’s most generous billionaires, having given away $21 billion to his charitable foundation.

His private investment arm, PremjiInvest, has stakes in companies such as fellow billionaire Harsh Mariwala’s Marico.

1. Mukesh Ambani

ON FORBES LISTS #13 Billionaires 2019
REAL-TIME NET WORTH: $51.4B

Fast Facts:

  • Mukesh Ambani chairs and runs $90 billion (revenue) oil and gas giant Reliance Industries, among India’s most valuable companies.
  • Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer.
  • After his father’s death in 2002, Ambani and his younger sibling, Anil divvied up the family empire.
  • In 2016, Reliance sparked a price war in India’s hyper-competitive telecom market with the launch of 4G phone service Jio.
  • Jio has signed on more than 300 million customers by offering free domestic voice calls, dirt-cheap data services, and virtually free smartphones.
STATS:
AGE: : 62
SOURCE OF WEALTH: : petrochemicals, oil & gas
RESIDENCE: : Mumbai, India
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 3
EDUCATION: : Bachelor of Science in Engineering, University of Bombay; Drop Out, Stanford University

Anything and everything that can go digital is going digital. India cannot afford to be left behind. – Mukesh Ambani

Here is the list again: