rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » India's 25 richest people

India's 25 richest people

Last updated on: October 27, 2011 15:27 IST

India's 25 richest people

     Next

Next

Inflation, corruption scandals and falling stock and currency prices are denting the fortunes of India's richest.

According to the 2011 Forbes India Rich List, the combined wealth of India's 100 richest people is down 20 per cent from a year ago to $241 billion.

The combined wealth of India's 100 richest people is down 20 per cent from a year ago to $241 billion, according to the 2011 Forbes India Rich List.

This year's list also has a total of 57 billionaires. The top 10 richest are collectively worth $113.6 billion, down from $150 billion last year

Among the 15 who dropped out of the top 100 altogether are Vinod Goenka and Shahid Balwa, former billionaires now in jail for their alleged involvement in a telecom corruption scandal, says Forbes.

Click NEXT to see India's 25 richest people...


Image: An kite maker stands besides a kite made of notes of the Indian currency in New Delhi.
Photographs: B Mathur/Reuters.
     Next

India's 25 richest people

Prev     Next
Prev

Next

1. Mukesh Ambani
Net worth: $22.6 billion


Mukesh Ambani retained the title of India's richest man, with a net worth of $22.6 billion this year, despite seeing a drop of $4.4 billion.

"This has been a turbulent year for India's richest. Despite the economy growing at close to 8 percent, a spate of corruption scandals and rising inflation have taken a toll," Naazneen Karmali, India Editor of Forbes Asia said.

Click NEXT to read more...



Image: Mukesh Ambani.
Photographs: B Mathur/Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

2. Lakshmi Mittal
Net worth: $19.2 billion


Steel tycoon Lakshmi Mittal remains No.2 with a net worth of $19.2 billion, down 26% from last year.

Despite the recovery in steel demand, shares of his flagship, ArcelorMittal, the world's largest steelmaker, plunged 40 per cent due to surging costs.

Click NEXT to read more...


Image: Lakshmi Mittal.
Photographs: B Mathur/Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

3. Azim Premji
Net worth: $13 billion

Infotech tycoon Azim Premji retained his third place, though his wealth slipped from $16.8 billion earlier this year.

Click NEXT to read more...


Image: Azim Premji
Photographs: Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

4. Shashi and Ravi Ruia
Net worth: $10.2 billion

Brothers Shashi and Ravi Ruia, who head the Essar group are the fourth richest businessmen in India.

5. Savitri Jindal
Net worth: $9.5 billion

Savitri Jindal is the richest woman in India Inc. The non-executive chair of O P Jindal Group, she took over the steel and power conglomerate founded by her late husband Om Prakash in 1952.

Click NEXT to read more...



Image: Shashi and Ravi Ruia.
Photographs: Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

6. Sunil Mittal
Net worth: $8.8 billion


With a fortune of $8.8 billion, chairman of Indian telecom giant Bharti Airtel, Sunil Mittal is the 8th richest man in India.

Click NEXT to read more...



Image: Sunil Mittal.
Photographs: Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

7. Gautam Adani
Net worth: $8.2 billion

Chairman of the Adani Group, Gautam Adani's net worth has fallen to $8.2 billion from $10 billion.

Click NEXT to read more...



Image: Gautam Adani.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

8. Kumar Mangalam Birla
Net worth: $7.7 billion

With a net worth of $7.7 billion, chairman of the Aditya Birla Group, Kumar Birla's wealth has fallen from $9.2 billion seen earlier this year. 

Click NEXT to read more...



Image: Kumar Mangalam Birla.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

9. Pallonji Mistry
Net worth: $7.6 billion

Chairman of Shapoorji Pallonji Group, Pallonji Mistry is ranked 9th in the list.

Click NEXT to read more...


Image: Pallonji Mistry.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

10. Adi Godrej
Net worth: $6.8 billion

Chairman of the Godrej group, Adi Godrej is the tenth richest Indian with a new worth of $6.8 billion.

Click NEXT to read more...



Image: Adi Godrej.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

11. Dilip Shanghvi
Net worth: $6.7 billion


Dilip Shanghvi, chairman of Sun Pharmaceuticals saw a rise in fortune to $6.7 billion.

He is the biggest dollar gainer up by $1.5 billion from last year.

Click NEXT to read more...



Image: Dilip Shanghvi.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

12. Kushal Pal Singh
Net worth: $6.5 billion
         
Chairman of DLF, Kushal Pal Singh was pushed out of the top 10 this year as well. 

Click NEXT to read more...


Image: Kushal Pal Singh.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

13. Anil Ambani
Net worth: $5.9 billion


The biggest dollar loser was Anil Ambani, down $7.4 billion; he slipped out of the top 10 for the first time since his 2004 to No. 13 this year.

His net worth is estimated at $5.9 billion, down from $13.3 billion last year.

Click NEXT to read more...



Image: Anil Ambani.
Photographs: Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

14. Shiv Nadar
Net worth: $4.6 billion

Shiv Nadar, founder of HCL, has a net worth of $4.6 billion.

Click NEXT to read more...



Image: Shiv Nadar.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

15. Uday Kotak
Net worth: $3.6 billion


Uday Kotak, founder of the Kotak Mahindra Bank is the 15th richest Indian. 

Click NEXT to read more...



Image: Uday Kotak.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

16. Anil Agarwal
Net worth: $3. 5 billion

Anil Agarwal is founder-director and executive chairman of the UK-based Vedanta Resources corporation.

Click NEXT to read more...



Image: Anil Agarwal.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

17. Malvinder and Shivinder Singh
Net worth: $3.2 billion

Former Ranbaxy CEO Malvinder Singh and his brother Shivinder Singh saw a drop in wealth to $3.2 billion.

Click NEXT to read more...



Image: Malvinder and Shivinder Singh.
Photographs: Reuters.
Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

18. Rahul Bajaj
Net worth: $3.1 billion


Rahul Bajaj took over the Bajaj Group in 1965. Under his leadership, Bajaj Auto grew to become one of India's top automobile companies.

Click NEXT to read more...


Image: Rahul Bajaj.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

19. Micky Jagtiani
Net worth: $3 billion


Micky Jagtiani, CEO of the Landmark Group has a fortune of $3 billion.

Click NEXT to read more...


Image: Micky Jagtiani.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

20. Anand Burman
Net worth: $2. 9 billion

Anand C. Burman is the Chairman of Dabur India with interests in pharmaceutical sciences.

Click NEXT to read more...


Image: Anand Burman.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

21. Brijmohan Lall

The biggest percentage gainer is Hero Group patriarch, Brijmohan Lall Munjal, ranked No. 21 with $2.7 billion.

He broke off his long-standing partnership with Honda Motor.

Click NEXT to read more...



Image: Brijmohan Lall.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

22. Subhash Chandra
Net worth: $2.6 billion


Media baron and Chairman of Essel Group, Subhash Chandra, with a fortune of $2.6 billion, is ranked at No. 22.

Click NEXT to read more...



Image: Subhash Chandra.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

23. Kalanithi Maran
Net worth: $2.5 billion


Media tycoon Kalanithi Maran heads Sun TV, India's biggest regional broadcaster

Click NEXT to read more...

 



Image: Kalanithi Maran.

Prev     Next

India's 25 richest people

Prev     Next
Prev

Next

24. Pankaj Patel
Net worth: $2. 4 billion


Pankaj Patel, chairman and managing director of Cadila Healthcare, the fifth largest pharmaceutical company in India.

Click NEXT to read more...



Image: Pankaj Patel.

Prev     Next

India's 25 richest people

Prev     More
Prev

More

25. Indu Jain
Net worth: $2.3 billion


Indu Jain is the second richest woman in India. Chairperson of Bennett & Coleman Ltd and a spiritualist, her fortune stands at $2.3 billion.


Image: Indu Jain.

Prev     More