India is the country where 97 billionaires rule with the combined net worth of around $266 billion. There is no lack of billionaires in the country. India is positioned 3rd in the list of top countries in the world with most number of billionaires. It is no denying the fact that these billionaires are making India proud. With 97 billionaires (27 more billionaires than in 2014), India has successfully beaten the UK and Russia. And the top Indian who won the race of India’s richest is none other than Mukesh Ambani, Reliance Industries chairman.
10. Cyrus Poonawalla ($8.6 Billion)
Born in 1945, Cyrus Poonawalla is one of the leading names of all time. He is a die hard fan of horse racing. He comes from a family which owns a lot of farms, including Poonawalla Stud Farms. He felt that horse racing is not enough to achieve success. So, he decided to join medicine and studied at Brihan Maharashtra College of Commerce in 1966 and earned PhD. He created cures for kids across the world and earned fame and got Padma Shri award for contributions to India.
9. Kumar Birla ($8.8 Billion)
Born in the year 1967 in a family with richest history in Rajasthan, Kumar Birla traveled from one place to another in his childhood and lived in Kolkata and Mumbai. He received Bachelor of Commerce degree from University of Bombay in CA and obtained MBA degree from London Business School. Aditya Birla, his father was the CEO and Chairman of Aditya Birla Group, a multi-billion dollar giant. He took over his father’s company and turned his $2 Billion small company into $40 Billion giant.
8. Shiv Nadar – $11.4 Billion
Born in Tamil Nadu in 1945, Shiv Nadar was a very bright student in a tender age and enrolled at Town Higher Secondary School. Then, he attended The American College to receive his pre-University degree. He graduated and studied at PSC College of Technology Coimbatore where he got degree in Electronics & Electrical Engineering. He landed job at engineering group. He started manufacturing calculators in Microcomp. After making a lot of money, he went on to setup HCL Technologies.
7. Godrej Family ($12.4 Billion)
The Godrej Group is a biggest conglomerate in India deals with furniture, consumer products, security, agricultural products, industrial engineering and real estate. Managing this huge enterprise is not possible for one person. Instead, there are three members from Godrej Family to manage this business. The company was initially selling locks. In 1897 in Bombay, crime rate was huge. So, Ardeshir Godrej started selling locks and it became successful. His brother Pirojsha took over his company.
6. Lakshmi Mittal – $12.5 Billion
A member of global investment banking company, Goldman Sachs, Mittal was once 6th richest businessman in the world but his net worth suddenly dropped to 82nd. He was born in 1950 to Mohan Lal Mittal, who was once a leading businessman running Nippon Denro Ispat, a steel manufacturing company. Despite living in India, Mittal started doing business across the world, including US and UK. He is a world-famous philanthropist and donated millions of dollars to charitable funds.
5. Pallonji Mistry – $13.9 Billion
Born on 1929, Pallonji Mistry owns Shapoor ji Pallon ji Group, the largest conglomerate that looks after most of real estate and construction activities in India. His father bought 18.4% of shares of Tata Sons when Pallonji was just few years old. When his father passed away, the shares gone to Pallonji and he became the biggest shareholder of India’s largest conglomerate group to contribute his fortune. The real estate giant developed a lot of largest banks in Mumbai, such as Hong Kong Bank, Gridlay’s Bank and Reserve Bank of India. Despite living in Mumbai, Pallonji also has citizenship in Ireland as he married Patsy Dubash, an Irish lady.
4. Azim Premji – $15 Billion
Born to Mohamed Premji in 1945, Azim Premji was not interested in business at all but he was more into engineering. His father set up vegetable product manufacturing business in India. Azim attended Stanford University in the US. He earned BE in Electrical Engineering. After earning degree, his father passed away. He returned home to continue his father’s business. He started expanding the business by manufacturing hydraulic cylinders and soaps also. After 20 years in vegetable business, he soon recognized the importance of technology. He rebranded his father’s business as WIPRO and also manufacturing microcomputers. In association with Sentinel Computer Corporation, a US based venture, he dropped soap and vegetable oil business and started selling hardware.
3. Hinduja Family – $15.2
The Hinduja Group (a multinational giant with businesses from lubricants and trucks to cable TV and banking) is controlled and managed by four brothers. The group established 1040 MW Thermal Power Station in Southern India. Parmanand Deepchand Hinduja, who once traded goods in Sindh region (Pakistan) and shifted to Iran in the year 1919, established the group and moved the base of Hinduja Group to London in 1979. Today, the group is managed by 7 members of the family. Hinduja Family is also listed No. 10 among Asia’s Richest Families in 2016.
2. Dilip Shanghvi – $16.9 Billion
Born in 1955 at a small town Amreli in Gujarat, Dilip Shangvi spent a long time to attend a lot of schools for his education. He attended Bhawanipur Education Society College and J.J. Ajmera High School. Thereafter, he attended University of Calcutta to earn B.Com degree. He joined his father for his pharmaceutical company. He kept on helping him for several years to save up enough amounts to set up his own company, Sun Pharmaceuticals. It became a successful business venture for him. He earned a lot of amount to acquire other pharmaceutical companies In the US, he owns another, Caraco Pharma and another in Israel, Taro Pharma.
1. Mukesh Ambani – $22.7 Billion
Along with being the richest personality in India, Mukesh Ambani is also the richest Asian. Born in 1957 in Yemen to Dhirubhai Ambani and Kokilaben Ambani, Mukesh attended the Institute of Chemical Technology where he earned the degree of Bachelor of Engineering in Chemical Engineering. After receiving his degree, Mukesh studied in the US where he attended Stanford University. He enrolled for MBA but dropped out. He helped his father to set up his business when he returned to India.
In 1980, Dhirubhai Ambani applied for license to start up his polyester plant. They set up their plant for petrochemical and polyester manufacturing. Initially they set up Reliance Infocomm Limited. Today, it turned Reliance Communications Limited. Currently, the plant deals in petrochemicals.