The Wealthiest Indians In The World

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From incredible industrialists to the sultans of software and steel, from kings of construction to pharma flag-bearers, these are the 100 richest Indians across the globe, according to RAYMEDIA

Sometimes, all it takes is a name to evoke awe: Ambani, Mittal, Hinduja, Birla. For the aspirational nation that is India, these people – and a select few like them – are the superlatives of success. These are the people who hold sway over almost every aspect of the lives of Indians: be it the food they eat, the phones and internet they use, the houses they build, the power they consume, the vehicles they drive, the money they invest. 

Through extensive research, checks and cross-checks, London-based media house RAYMEDIA came out with its second edition of the list which combines Indians, non-resident Indians and persons of Indian origin or overseas citizens of India in 2016. The qualification for inclusion on the list is a minimum net worth of US$1 billion or its equivalent.

RAYMEDIA’s original list includes 150 individuals, families or partnerships. The aggregate net worth of the people featuring on that list is more than 20% of India’s GDP. Indian Link, which has the exclusive Australian rights to publish the list, brings you the top 100 names from the list here (see full list on our website indianlink.com.au).

The template for the compilation was created by Philip Beresford, one of the most experienced wealth estimators in the world. He has been compiling the UK’s Sunday Times annual rich list for 27 years.

The net worth figures are best estimates and subject to fluctuation, given the volatility of the markets.

All figures are in US dollars.

Mukesh Ambani.IndianLink

 

Mukesh Ambani 

1

$23.5 billion

India

Oil, gas and telecommunications

After a brief drop in 2015, Mukesh Ambani returned as the richest person in the Indian diaspora despite his Reliance Industries Limited — one of the biggest taxpayers to the Indian government — suffering from low oil and gas prices. In September 2016, Ambani shook up India’s hyper-competitive telecom market with the launch of the 4G network service Jio, that quickly notched up close to 100 million subscribers with its seemingly irresistible offer of free broadband and voice services. Reliance also controls Network 18, which owns the TV news channel CNN News 18. He dropped out of Stanford Business School’s MBA program to help his father Dhirubhai build Reliance. His home in Mumbai is one of the world’s most expensive residential properties, worth close to $1 billion.

 

Hinduja family.Indian Link

Hinduja family

2

$17 billion

UK/Switzerland/India

Various

The return of Iran – where their business took off – and the commissioning of a part of a flagship power project in India’s Andhra Pradesh have boosted the multinational group that is run by four brothers, Srichand, Gopichand, Prakash and Ashok. They have also just launched Nxt Digital, a digital television distributor, in India. Their existing businesses include India’s second biggest truck maker Ashok Leyland, British electric bus maker Optare, interests in Gulf Oil, the US chemical company Houghton and IndusInd Bank.

 Dilip Shanghvi.Indian Link

Dilip Shanghvi

3

$16 billion

India

Pharmaceuticals

A warning in the US about manufacturing standards had an adverse impact on Shanghvi, as did the $4 billion acquisition of rival Ranbaxy Industries. But Sun remains India’s biggest pharmaceutical company and the 5th largest generic firm in the world. It recently introduced a generic version of Gleevec, a cancer drug made by Novartis, in the US. Shanghvi has also personally invested in green energy and has a 23% stake in the wind power firm Suzlon. His son Aalok co-founded PV Powertech, which makes solar panels.

Because Sun Pharma’s stocks plummeted on account of regulatory issues and pricing pressure in the US, Shanghvi’s net worth has slipped to $11 billion from the time this list was originally compiled.

David and Simon Reuben.Indian Link

David and Simon Reuben

4

$15.8 billion

UK/Switzerland

Property & Internet

The Reuben brothers are Mumbai born Jews. Starting in metals, in the 1990s, they reportedly controlled 7% of the world’s aluminium trade. Their property portfolio includes prime buildings in London, as well as airports and heliports. They are leading investors in the UK’s Metro Bank and also own Global Switch, a data hosting company. Reubros and Aldersgate Investments, controlled by them, are estimated to be worth $14.4 billion. Their net worth has taken a hit because of the lower value of the pound after the Brexit vote.

 azim premji.Indian Link

Azim Premji

5

$15.3 billion

India

Software

After his father’s death in 1966, Azim Premji had to cut short his studies in electrical engineering at Stanford University to take charge of the family business. He, then, transformed Wipro (an acronym for Western Indian Vegetable Products) from a seller of hydrogenated cooking fats, soaps and other consumer products into the third largest Indian software exporter. Named the most philanthropic Indian for three years straight, he has pledged 39% of his stake in Wipro to his Trust and has donated over $8.5 billion to charitable causes till date.

Pallonji Mistry.Indian Link

Pallonji Mistry

6

$14 billion

India/Ireland

Construction & Investments

The Mistry family is the the largest shareholder in India’s largest conglomerate Tata Sons. Mistry otherwise heads Shapoorji Pallonji Group, pioneering builders in India since the 1860s, credited with the creation of some of the country’s most iconic structures. Since the 1970s, the company has also had a significant presence in the Gulf. It is currently engaged in a $200 million venture to construct 20,000 affordable homes in India. Mistry, recipient of India’s third highest civilian award Padma Bhushan, is now an Irish citizen.

Lakshmi Mittal.Indian Link

Lakshmi Mittal and family

7

$13 billion

UK

Steel

As chief executive of the Luxembourg-headquartered ArcelorMittal, Lakshmi Mittal seems to be as strong as the steel he makes. After a $7.9 billion loss in 2015 due to an industry-wide crisis caused by over-capacity and dumping by China, the world’s largest steelmaker made a profit of $1.8 billion in 2016. Mittal moved from Kolkata to Indonesia before settling in Britain in 1995, where he was declared the wealthiest person for eight years, but is now only 11th on the Sunday Times Rich List.

Godrej family.Indian Link

Godrej family

8

$12.4 billion

India

Various

In 1918, the Godrej Group launched the world’s first soap product made from vegetable oil. The-119-year-old group, now headed by Adi Godrej, is involved in real estate, industrial engineering, appliances, furniture, security, agriculture and consumer goods that are also sold in other parts of Asia, Africa and South America.

Shiv Nadar.Indian Link

Shiv Nadar

9

$12 billion

India

Software

HCL Group, co-founded by Shiv Nadar in 1976, began by selling microprocessors, but has re-invented itself into a top software operation. HCL’s recent acquisitions include businesses from Alstom, Deutsche Bank, the Godrej family-controlled software firm Geometric, and Butler America Aerospace, a defence and aerospace services firm. Nadar’s art collection is worth nearly $100 million.

 cyrus poonawala.Indian Link

Cyrus Poonawalla

10

$9 billion

India

Pharmaceuticals

From owning stud farms in Pune, Cyrus Poonawalla and his brother Zavaray launched Serum Institute of India in 1966. It is is now the world’s largest producer of vaccines; every second child in the world is inoculated by a vaccine from SII. Its range of new vaccines includes one for dengue. Poonawalla has investments in real estate and hotels.

 Kumar Birla.Indian Link

Kumar Mangalam Birla

11

$8.8 billion

India

Aluminium & Cement

Hindalco Industries, a part of Birla’s Aditya Birla Group, is India’s second largest aluminium maker. Birla has expanded his presence in the cement sector by buying the rival Jaypee Group for $2.4 bn. Birla is a great-grandson of G D Birla, a pioneering Indian businessman in the 20th century.

 Uday Kotak.Indian Link

Uday Kotak

12

$7.8 billion

India

Financial Services

Uday Kotak set up a small finance company Kotak Capital Management Finance in 1985, and converted it into Kotak Mahindra Bank with branches across India and offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore. It also has a stake in MCX, India’s largest commodities exchange. Last year, it acquired the rival ING Vyasya Bank.

Sunil Mittal.Indian Link

Sunil Mittal and Family

13

$6.3 billion

India

Telecom

Bharti Airtel, controlled by Sunil Mittal and his family with SingTel of Singapore, is the world’s third largest telecom company by way of subscribers. Airtel is engaged in a price war with Reliance Jio in the 4G data space. Airtel enjoys a presence in about 18 countries in Asia and Africa. Mittal has also recently launched Airtel Payment Bank.

 Gautam Adani.Indian Link

Gautam Adani and family

13

$6.3 billion

India

Infrastructure & Energy

Gautam Adani is known as much for his business interests in ports and power as he is for his close association with Indian Prime Minister Narendra Modi. In 2014, he acquired major ports in eastern and southern India. He has received approval for a coal-mining project in Queensland but the plan has also raised environmental concerns.

Shashi and Ravi Ruia.Indian Link 

Shashi and Ravi Ruia

15

$6 billion

India

Energy, Telecom & Logistics

The Essar Group of the Ruias deals in marine construction, offshore support services, oil, steel and energy. In 2014, laden with debt, the group de-listed from the London Stock Exchange at a heavy discount as compared to its 2010 flotation price. The group recently sold their Essar Oil and a port to Russian oil producer Rosneft.

 benu gopal bangur.Indian Link

Benu Gopal Bangur

16

$5.9 billion

India

Cement

Inheriting an under-performing cement company in a family carve out in 1992, Benu Gopal Bangur turned it around. Kolkata-based Shree Cement has in recent years maintained its buoyancy despite bearish demand. Bangur is reputed to reside in a 51,000 square foot mansion which possesses a temple, home theatre, a gym and volleyball court.

ANAND BURMAN.Indian Link

Anand Burman and family

17

$5.8 billion

India

FMCG & Natural Health Care

Dabur India Limited is one of India’s leading FMCG companies and the world’s largest in Ayurvedic and natural health care. Its products are available in 120 countries, with 30% of its revenues coming from outside India. Two-thirds of the company is owned by the Burman family, with Anand Burman as its chairman.

 Rahul Bajaj.Indian Link

Rahul Bajaj and Family

18

$5.7 billion

India

Motorcycles

Pioneers in making two-wheelers and three-wheeler auto-rickshaws – which sell beyond Indian shores – Bajaj Motors is now run by Rahul Bajaj’s son Rajiv. Bajaj is also into home appliances, lighting, iron and steel, insurance, travel and finance. Rajiv’s recent remarks suggest that he is disillusioned with the Indian government.

VIKRAM LAL.Indian Link

Vikram Lal

19

$5.5 billion

India

Motorcycles

Eicher, which used to make tractors, switched to manufacturing motorbikes by acquiring a majority stake in Enfield India. After growing more than 50% annually in India since 2010, it has partnered with Volvo to make trucks and personal utility vehicles. Vikram Lal, who oversees operations with his son Siddhartha, commands a 55% share of Eicher. 

 Sri Prakash Lohia.Indian Link

Sri Prakash Lohia

20

$5.2 billion

Indonesia

Petrochemicals

Indorama is the world’s largest producer of polyester. In addition to Indonesia, it has production plants in Malaysia, India, Sri Lanka, Uzbekistan, Turkey and Senegal. In London, he and his wife Seema bought and restored a 1772 five storey mansion known as Sheridan House for around $66 million.

 Savitri Jindal.Indian Link

Savitri Jindal and Family

21

$5.1 billion

India

Steel, Power & Energy

Savitri Jindal took charge after the death of her husband Om Prakash in a helicopter crash in 2005, and delegated the four divisions of the company – steel, power, mining and oil and gas – to her four sons, Prithviraj, Sajjan, Ratan and Naveen. Apart from JSW Steel operated by Sajjan, the other businesses have declined.

Desh Bandhu Gupta.Indian Link

Desh Bandhu Gupta

22

$4.9 billion

India

Pharmaceuticals

Lupin, founded by chemistry professor Desh Bandhu Gupta, is one of India’s top generic medicine firms and a global leader in anti-TB drugs. With its day-to-day running in the hands of his daughter Vinita and son Nilesh, it derives more than half its income from Japan and the US.

 Pankaj Patel.Indian Link

Pankaj Patel

23

$4.6 billion

India

Pharmaceuticals

Pankaj Patel’s Cadila Healthcare claims to have discovered a new drug for diabetes. Its Zydus Wellness division makes a popular sugar substitute called Sugar Free. It took a hit though when US authorities warned it of contravening manufacturing standards at two of its factories. 30% of its annual revenues come from the US.

 Subhash Chandra.Indian Link

Subhash Chandra

24

$4.5 billion

India

Media

The interests of Essel Group headed by Subhash Chandra, a BJP member of parliament, include the world’s largest speciality packaging company and amusement parks. But it is best known for its media-related business led by the Zee TV Group. Chandra’s Hindi channels are distributed in 169 countries, where they are watched mainly by overseas Indians and Pakistanis.

 

Kushal Pal Singh

25

$4.3 billion

India

Real Estate

 

Micky Jagtiani

25

$4.3 billion

Dubai

Retail & Hotels

 

 

Feroz Allana

25

$4.3 billion

UAE

Food

 

M A Yusuff Ali

28

$4.2 billion (Retail)

Abu Dhabi

 

 

Madhukar Parekh

29

$ 3.9 billion (Adhesives)

India 

 

 

Kuldip Singh and Gurbachan Singh Dhingra

30

$3.8 billion (Paints)

India

 

 

Sudhir and Samir Mehta

31

$3.7 billion (Pharmaceuticals & Power)

India

 

 

Ravi Pillai

32

$3.6 billion (Construction)

Dubai

 

 

Kapil and Rahul Bhatia

32

$3.6 billion (Aviation and Hotels)

India

 

 

Vivek Chaand Sehgal

32

$3.6 billion (Auto Parts)

India

 

 

Harsh Mariwala and family

32

$3.6 billion (Consumer Goods)

India

 

 

P V Ramprasad Reddy

36

$3.3 billion (Paints)

India

 

 

Ashwin Dani

36

$3.3 billion (Paints)

India

 

 

Indu Jain and family

38

$3.2 billion (Media)

India

 

Munjal family

38

$3.2 billion (Motorcycles)

India

 

 

Anil Ambani

38

$3.2 billion (Infrastructure, Power and Communications)

India

 

 

Kalanithi Maran

38

$3.2 billion (Media)

India

 

 

Ajay Piramal

38

$3.2 billion (Health care, financial services, realty)

India

 

 

 

Romesh Wadhwani and family

43

$3 billion (Private Equity)

USA

 

 

 

Vijay Chauhan

43

$3 billion (Biscuits)

India

 

 

Nitin Sandesara

45

$2.8 billion (Pharmaceuticals, healthcare, oil & gas)

India

 

 

Raj Kumar & Kishin R K

46

$2.7 billion (Property Development)

Singapore

 

 

Murali Divi and family

46

$2.7 billion (Pharmaceuticals)

India

 

 

Samprada Singh

46

$2.7 billion (Pharmaceuticals)

India

 

 

Rajan Raheja

49

$2.6 billion (Realty, hospitality, media, others)

India

 

 

Bavaguthu Shetty

49

$2.6 billion (Healthcare & Foreign Exchange)

India

 

 

Ashwin and Mahendra Choksi

49

$2.6 billion (Paints)

India

 

 

Rishad Naoroji

52

$2.5 billion (Inheritance)

India

 

 

Abhay Vakil and family

52

$2.5 billion (Paints)

India

 

 

Chandru Raheja

54

$2.4 billion (Property Development)

India

 

 

Rakesh Gangwal

54

$2.4 billion (Aviation)

USA

 

 

Baba Kalyani

56

$2.3 billion (Forging, defence, others)

India

 

 

Simon, Bobby and Robin Arora

57

$2.2 billion (Retail)

UK

 

 

Anil Agarwal

57

$2.2 billion (Metals & oil)

UK/India

 

 

Rakesh Jhunjhunwala

57

$2.2 billion (Investor)

India

 

 

Karsanbhai Patel

60

$2.1 billion (Detergent, pharma, cement, others)

India

 

 

Sunil Vaswani

61

$2 billion (Transport and food)

UK/Nigeria/Dubai

 

 

Mangal Lodha and family

61

$2 billion (Property Development)

India

 

 

Kiran Mazumdar-Shaw and John Shaw

61

$2 billion (Bio-Pharma)

India

 

 

Kavitark Ram Shriram

64

$1.95 billion (Private Equity)

USA

 

 

Mansoor and Aminmohammed Lalji and family

64

$1.95 billion (Property development)

Canada

 

 

Abhay Firodia

64

$1.95 billion (Vehicles)

India

 

 

Satish Reddy and G V Prasad

67

$1.9 billion (Pharmaceuticals)

India

 

 

Sunny Varkey

67

$1.9 billion (Education)

Dubai

 

 

N R Narayana Murthy

67

$1.9 billion (Software)

India

 

 

Rajesh Mehta and family

67

$1.9 billion (Jewellery)

India

 

 

Mannalal Agrawal and family

67

$1.9 billion (Pharmaceuticals)

India

 

 

Rajendra Agarwal and family

67

$1.9 billion (Pharmaceuticals)

India

 

 

M G George Muthoot and family

67

$1.9 billion (Financial Services)

India

 

 

Hasmukh Chudgar

74

$1.85 billion (Pharmaceuticals)

India

 

 

Glenn Saldanha and family

75

$1.8 billion (Pharmaceuticals)

India

 

 

Lachhman Das Mittal

75

$1.8 billion (Various)

India

 

 

Mofatraj Munot

77

$1.75 billion (Property development)

India

 

 

Bharat Desai and family

78

$1.7 billion (Investment)

USA

 

 

Ranjan Pai

78

$1.7 billion (Education and healthcare)

India

 

 

Nirav Modi

78

$1.7 billion (Diamonds)

India

 

 

Harsh Goenka

78

$1.7 billion (Tyres, power, pharma)

India

 

 

A Velayyan and Murugappa family

78

$1.7 billion (Auto components, cycles, sugar)

India

 

 

Leena Tewari

83

$1.65 billion (Pharmaceuticals)

India

 

 

Satish Mehta

83

$1.65 billion (Pharmaceuticals)

India

 

 

Nandan Nilekani

83

$1.65 billion (Software)

India

 

 

Sameer Gehlaut

83

$1.65 billion (Property development)

India

 

 

Senapathy Gopalakrishnan

83

$1.65 billion (Software)

India

 

 

Puthan N C Menon

83

$1.65 billion (Property development)

Dubai

 

 

Ravi Jaipuria

89

$1.6 billion (Bottling & Fast Foods)

India

 

 

Jitendra Virwani

89

$1.6 billion (Property development)

India

 

 

Vivek Chand Burman

89

$1.6 billion (FMCG & Natural Healthcare)

India

 

 

Devendra Jain

89

$1.6 billion (Paper, Energy & Entertainment)

India

 

 

Vinod Khosla

93

$1.55 billion (Private Equity)

USA

 

 

Vikas Oberoi

93

$1.55 billion (Property Development)

India

 

 

Nusli Wadia Group

95

$1.55 billion (Textiles, aviation, property)

India

 

 

Radhe Shyam Agarwal

95

$1.5 billion (Health and personal care products)

India

 

 

Yusuf Hamied

95

$1.5 billion (Pharmaceuticals)

India 

 

 

Radhe Shyam Goenka

95

$1.5 billion (Health and personal care products)

India

 

 

Suhail Rizvi

95

$1.5 billion (Investor)

USA

 

 

 

Malvinder and Shivinder Singh

100

$1.4 billion (Pharmaceuticals)

India

 

 

 

Aloke Lohia

100

$1.4 billion (Textiles)

Thailand

 

 

Sanjiv Goenka

100

$1.4 billion (Power distribution, retail)

India

 

Ajay Kalsi

103

$1.35 billion

India

Energy

 

Dilip and Anand Surana

104

$1.3 billion

India

Pharmaceuticals

 

Rajju Shroff

104

$1.3 billion

India

Agrochemicals

 

Azad Moopen

104

$1.3 billion

Dubai

Healthcare

 

Anand Mahindra

104

$1.3 billion

India

Various

 

Asok Kumar and Bobby Hiranandani

104

$1.3 billion

Singapore

Property Development

 

Hari and Shyam Bhartia

104

$1.3 billion

India

Life Sciences & Fast Food

 

Jasminder Singh and Family

110

1.25 billion

UK

Hotels

 

Aneel Bhusri

110

$1.25 billion

USA

Private Equity

 

Binny Bansal

110

$1.25 billion

India

Internet Retail

 

Sachin Bansal

110

$1.25 billion

India

Internet Retail

 

T S Kalyanaraman

110

$1.25 billion

India

Jewellery

 

Achal Bakeri

110

$1.25 billion

India

Air Coolers

 

K Dinesh and Family

116

$1.2 billion

India

Software

 

Vidya Chhabria

116

$1.2 billion

UAE

Consumer Electronics

 

Tony Jashanmal

116

$1.2 billion

Gulf

Retail

 

Binod Chaudhary and Family

116

$1.2 Billion

Nepal

Various

 

Navin and Varsha Engineer

116

$1.2 billion

UK

Pharmaceuticals

 

Chirayu Ramanbhai Amin and Family

116

$1.2 billion

India

Various

 

Bhadresh Shah

116

$1.2 billion

India

Engineering

 

Kuldip Rai Sahi

123

$1.15 billion

Canada

Property & Transport

 

Joy Alukkas

123

$1.15 billion

India

Jewellery

 

Surendra Hiranandani

123

$1.15 billion

India

Property Development

 

Balkrishan Goenka

126

$1.1 billion

India

Textiles

 

Venugopal Dhoot

126

$1.1 billion

India

Consumer Electronics

 

Mohammed Dewji

126

$1.1 billion

Tanzania

Various

 

Habil Khorakiwala

126

$1.1 billion

India

Pharmaceuticals

 

Prem Watsa

126

$1.1 billion

Canada

Finance

 

Lekhraj Thakurdas Pagarani and Family

126

$1.1 billion

Dubai

Food, Hospitality & Logistics

 

Raghuvinder Kataria

126

$1.1 billion

UK/Dubai

Investor

 

Niranjan Hiranandani

126

$1.1 billion

India

Property Development

 

Murli Dhar and Bimal Kumar Gyanchandani

134

$1 billion

India

Detergents

 

Raj Matharu and Family

134

$1 billion

UK

Hotels

 

Prithviraj Kothari

134

$1 billion

India

Precious Metals

 

Radhakishan Damani

134

$1 billion

India

Investor

 

 

Lord Swraj Paul and Family

134

$1 billion

UK

Steel & Hotels

 

Qimat Rai Gupta

134

$1 billion

India

Electrical Goods

 

V G Siddhartha

134

$1 billion

India

Coffee

 

Irfan Razack

134

$1 billion

India

Property Development

 

Mallika Srinivasan

134

$1 billion

India

Tractors

 

Anu Aga and family

134

$1 billion

India

Engineering

 

Harindarpal Banga and Family

134

$1 billion

Hong Kong

Commodities

 

Manoj Bhargava

134

$1 billion

USA

Energy Drinks

 

Harshad Mehta

134

$1 billion

UAE

Diamonds

 

Grandhi Rao

134

$1 billion

India

Infrastructure

 

Dr Prathap Reddy

134

$1 billion

India

Healthcare

 

S D Shibulal

134

$1 billion

India

Software

 

Amit Burman

134

$1 billion

India

FMCG & Natural Healthcare

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