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Capitalism is taking over the world and latest reports state that there are 2,153 billionaires in the world. Out of this, 106 billionaires are from India making a total of $405.3 billion overall. After the US and China, India has the largest group of rich persons in the world and this gives you an idea about the power India seizes even though it’s a developing country. Check out the five Indian billionaires mentioned below who made their way to the top with astounding determination and courage.[$$$$]
Mukesh Ambani
Chairman of the Reliance Group, Mukesh Ambani is a well known billionaire businessman in India. He manages Reliance Industries which deals with refining, petrochemicals and the oil and gas sectors. His Jio services has been a huge hit recently for its free offering of domestic voice calls, cheap 4G phone data services and inexpensive smartphones. Jio’s prominence helped the company to sign up 323 million customers so far.
With all the success, Mukesh Ambani is the richest Indian billionaire with an estimated net worth of $50 billion. Globally he is the 13th richest person in 2019 and the richest man in Asia overtaking Jack Ma, the founder and executive chairman of Alibaba Group in 2018.
Net Worth - $50 billion
World Ranking - 13th
Chairman – Reliance Industries[$$$$]
Azim Premji
Born in 1945, Azim Premji is an Indian business tycoon, investor, engineer and philanthropist who is the founder of Wipro, the third largest outsourcing company in the world with a revenue of $8.4 billion. Remarkably, in 2013, he promised to give away half of his wealth by signing the Giving Pledge. Premji formed Azim Premji Foundation in 2001 with a focus on the education in India. Recently, Wipro grew immensely after they won the 10-year deal from Alight Solutions of Illinois.
Premji has been awarded Padma Bhushan for his outstanding work in 2005 by the Govt. of India and later in 2011, he has been awarded Padma Vibhushan, the second highest civilian award by the Govt. of India.
Net Worth - $22.6 billion
World Ranking – 36th
Founder - Wipro[$$$$]
Shiv Nadar
Being the chairman of HCL, the 4th largest software services provider of India, Shiv Nadar is the third richest Indian in the world. Having founded HCL in the mid-1970s, Nadar transformed the IT hardware company into an IT enterprise in the next three decades. Nicknamed as Magus (translated to wizard), Nadar was awarded Padma Bhushan for his excellence in 2008. He founded Shiv Nadar Foundation with an aim to enhance the education in rural areas. As of now, Nadar currently holds the 82nd position in the world in terms of net worth.
Net Worth - $14.6 billion
World Ranking - 82nd
Co-Founder - HCL[$$$$]
Lakshmi Mittal
Based out in UK, this Indian born steel magnate is the chairman & CEO of ArcelorMittal, the world’s largest steelmaking company. In 2018, ArcelorMittal reported a net profit of $5.1 billion with a revenue of $76 billion. ArcelorMittal is now the world’s largest steel producer with an annual crude production of 92.5 million metric tonnes.
Known as the ‘King of Steel’, Mittal has been a member of the board of Directors of Goldman Sachs since 2008, on the board of Directors of the European Aeronautic Defence and Space Company and he also sits on the World Steel Association’s executive committee. He also has 11 percent stake in Queens Park Rangers F.C, an English football club and has a good interest in sports as well.
Net Worth - $13.6 billion
World Ranking - 91st
Chairman - ArcelorMittal[$$$$]
Uday Kotak
Currently the Managing Director and Executive Vice-Chairman of Kotak Mahindra Bank, Uday Kotak is the fifth richest Indian in the world. Uday’s Kotak Mahindra Bank is now the second largest Indian private bank with a revenue of Rs. 285.4724 billion.
Uday is also a member of the Govt. 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. Kotak Bank acquired ING Vysya Bank in a deal valued at $2.2 billion in 2015 and the total employment jumped to almost 40,000.
Net Worth - $11.8 billion
World Ranking – 114th
Founder - Kotak Mahindra Bank
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