Money never stays with one for long, hence Billionaires in the world keep moving in Richest list. Forbes richest list is getting flooded with many Indian names now. Here is the list of the Top 10 Indian Billionaires as per their latest real time net worth’s in Forbes data on April 2021.
Every person who gets rich by creation opens a way for thousands to follow-and inspires them to do so.Wallace D. Wattles
Top 10 Indian Billionaires
1 – Mukesh Ambani
NET WORTH: $84.5 BILLION
SOURCE OF WEALTH: DIVERSIFIED
Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries’ net debt to zero by 2021. He also sold a third of telecom unit Jio to marquee investors such as Facebook and Google and offloaded 10% of Reliance Retail to private equity firms such as KKR and General Atlantic, plus concluded a $7.3 billion rights issue of Reliance shares.
2 – Gautam Adani
NET WORTH: $50.5 BILLION
SOURCE OF WEALTH: INFRASTRUCTURE
Adani acquired a 74% stake in Mumbai International Airport, the country’s second-busiest, last September. He also sold 20% in his listed renewables firm, Adani Green Energy, to French energy giant Total for $2.5 billion.
3 – Shiv Nadar
NET WORTH: $23.5 BILLION
SOURCE OF WEALTH: SOFTWARE SERVICES
The tech titan stepped down as chairman of $9.9 billion (revenues) HCL Technologies last July, handing over the position to his only daughter, Roshni Nadar Malhotra.
4 – Radhakishan Damani
NET WORTH: $16.5 BILLION
SOURCE OF WEALTH: RETAIL, INVESTMENTS
The low-profile retailing king’s listed supermarket chain Avenue Supermarts operates 221 DMart stores across the country. His brother Gopikishan is also a billionaire.
5 – Uday Kotak
NET WORTH: $15.9 BILLION
SOURCE OF WEALTH: BANKING
India’s richest banker founded and runs Kotak Mahindra Bank, which is among the country’s top four in the private sector. Last June, Kotak sold shares worth $950 million to reduce his stake in the bank to 26% as mandated by the Reserve Bank of India.
6 – Lakshmi Mittal
NET WORTH: $14.9 BILLION
SOURCE OF WEALTH: STEEL
In February, Mittal stepped down as CEO of ArcelorMittal, the $53.3 billion (revenue) steel behemoth, ceding the spot to his son, Aditya. Mittal remains executive chairman of the company.
7 – Kumar Birla
NET WORTH: $12.8 BILLION
SOURCE OF WEALTH: COMMODITIES
Fourth generation heir of a sprawling commodities empire, Birla’s expansion into telecom has cost him dearly. His Vodafone Idea, rebranded as Vi, a joint venture between his Idea Cellular and U.K.’s Vodafone Group, has been racking up losses battling Ambani’s Jio.
8 – Cyrus Poonawalla
NET WORTH: $12.7 BILLION
SOURCE OF WEALTH: VACCINES
Poonawalla’s Serum Institute of India, the world’s largest producer of vaccines by number of doses, is on the frontlines of India’s fight against Covid-19, with multiple vaccine partnerships orchestrated by his son Adar, Serum’s CEO. Adar also struck a deal this year to acquire a 60% stake in listed finance firm Magma Fincorp for $475 million.
9 – Dilip Shanghvi
NET WORTH: $10.9 BILLION
SOURCE OF WEALTH: PHARMACEUTICALS
Shanghvi, who founded and runs listed generics drug maker Sun Pharmaceuticals, returns to the top ten, thanks to a 68% jump in the company’s shares.
10 – Sunil Mittal & family
NET WORTH: $10.5 BILLION
SOURCE OF WEALTH: TELECOM
His Bharti Airtel, a joint venture with Singapore’s Singtel, is India’s second-largest telecom operator after Ambani’s Jio. In January, Mittal’s son Kavin announced on Twitter that his SoftBank-backed start-up Hike, once considered as a rising unicorn and India’s answer to WhatsApp, had shut down its messaging service.
Source – Forbes.com