India has the second-largest population in the world. The total
net worth of the top 10 richest people in India is about $120 billion. Telecom,
Vaccines, Software, oil and gas, Retail, ports are some of the sources of
income for the billionaires in India. This Time Shub's Top Ten bring the list of India's Top Ten Richest people in 2020.
1.MUKESH AMBANI
Net Worth – $36.8 Billion
The richest person in India and Asia as a whole is Mukesh Ambani. He is the chairman, managing director, and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India’s most valuable company by market value.
He holds a BE degree in Chemical Engineering from
the Institute of Chemical Technology.
He started his career by helping his father run their family
business.
Ambani later enrolled for an MBA at Stanford
University but withdrew in 1980 to help his father build Reliance, which
at the time was still a small but fast-growing enterprise.
His father felt that real-life skills were harnessed
through experiences and not by sitting in a classroom, so he called his son
back to India from Stanford to take command of a yarn manufacturing project in
his company.
2. RADHAKISHAN DAMANI
Net Worth – $ 13.8
Radhakishan S. Damani is an investor, businessman, and founder of DMart. As of June 2020, Damani is the second richest person in India.
In 1999, he operated a franchise of Apna Bazaar, a
cooperative department store, in Nerul, but was “unconvinced” by its
business model.
3.Shiv Nadar
Net Worth – $11.9 Billion
He is the founder and chairman of HCL and the Shiv
Nadar Foundation.
Nadar founded HCL in the mid-1970s and transformed the IT
hardware company into an IT Enterprise over the next three decades by
constantly reinventing his company’s focus.
In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry.
4. UDAY KOTAK
Net Worth -$ 10.4
Uday Kotak is an Indian billionaire banker, and the
executive vice-chairman and managing director of Kotak Mahindra Bank.
Kotak is a member of the Government of India’s High-Level
Committee on Financing Infrastructure, the Primary Market Advisory Committee of
the Securities & Exchange Board of India, Member of the Board of Governors
of the National Institute of Securities Markets and ICRIER.
He is also a Governing Member of the Mahindra United World
College of India, and Member of National Council of CII.
Kotak is also a member of the strategic board which advises the national law firm, Cyril Amarchand Mangaldas.
5. Gautam Adani
Net Worth- $ 8.9
Gautam Shantilal Adani is an Indian billionaire industrialist who is the chairman and founder of the Adani Group — an Ahmedabad-based multinational conglomerate involved in port development and operations in India.
Adani is the president of the Adani Fo-undation, which is
primarily led by his wife, Priti Adani.
He founded The Adani Group in 1988 and diversified his business
into resources, logistics, energy, agriculture, defense, and aerospace,
amongst others.
According to Forbes, He has a 66% stake
in Adani Ports & SEZ Limited, a 75% stake in Adani Enterprises, a 73%
stake in Adani Power, 75% stake in Adani Transmission.
6.Sunil Mittal
Net Worth -$8.8
Sunil Bharti Mittal is a billionaire entrepreneur, philanthropist, and the founder and chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, Agri, and food besides other ventures.
Bharti Airtel, the group’s flagship company is one of the
world’s largest and India’s second-largest telecom company with operations in
18 countries across Asia and Africa with a customer base of over
399 million.
7. Cyrus S. Poonawalla
Net Worth -$8.2
Cyrus S. Poonawalla is an Indian businessman, the chairman of Poonawalla Group, which includes Serum Institute of India, the Indian biotech company that manufactures pediatric vaccines.
Serum Institute exports vaccines to over 165 countries and one out of every two children in the world was vaccinated by a vaccine of Serum Institute of India.8.Kumar Mangalam Birla
Net Worth – $7.6 Billion
He is also the chancellor of the Birla Institute of Technology & Science, and the chairman of the Indian Institute of Technology Delhi and Indian Institute of Management Ahmedabad.
9. LAKSHMI MITTAL
Net Worth – $7.4
Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom.
He is the chairman and CEO of ArcelorMittal, the
world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and
holds a 20% stake in Queens Park Rangers F.C.
In 2005, Forbes ranked Mittal
as the third-richest person in the world, making him the first Indian citizen
to be ranked in the top ten in the publication’s annual list of the world’s
richest people.
In 2007, Mittal was considered to be the richest Asian person in Europe.
He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015.10. Azim Premji
Net Worth $6.1
Azim Hashim Premji is an Indian business tycoon, investor, engineer, and philanthropist, who is the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry.
In 1945, Muhammed Hashim Premji incorporated Western Indian
Vegetable Products Ltd, based at Amalner, a small town in the Jalgaon district
of Maharashtra. It used to manufacture cooking oil under the brand name
Sunflower Vanaspati, and a laundry soap called 787, a byproduct of oil manufacture.
In 1966, on the news of his father’s death, the then
21-year-old Azim Premji returned home from Stanford University, where he
was studying engineering, to take charge of Wipro.
The company, which was called Western Indian Vegetable Products
at the time, dealt in hydrogenated oil manufacturing but Azim Premji later
diversified the company to bakery fats, ethnic ingredient based toiletries,
hair care soaps, baby toiletries, lighting products, and hydraulic cylinders.
In the 1980s, the young entrepreneur, recognizing the importance
of the emerging IT field, took advantage of the vacuum left behind by
the expulsion of IBM from India, changed the company name to Wipro and
entered the high-technology sector by manufacturing minicomputers under
technological collaboration with an American company Sentinel Computer
Corporation.
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