Half of the world’s top 8 richest are Indian

Corporate Bureau
Posted: 2008-03-07 23:19:14+05:30 IST
Updated: Mar 06, 2008 at 2339 hrs IST

Font Size

Feedback

Discuss

PSU oil cos begin indefinite strike PSU oil cos begin indefinite strike Talks of buyout 'baseless': Satyam Comp Punj Lloyd bags $54 mn airport contract

Mumbai, Mar 6: Four Indians have made it to the top eight in the list of the world’s billionaires 2008, released by Forbes Magazine on Thursday. They include non-resident Indian and steel baron Lakshmi Mittal (4th), Reliance Industries Ltd chairman Mukesh Ambani (5th), followed by Anil Ambani, chairman, Anil Dhirubhai Ambani Group, and Kushal Pal Singh, chairman of the DLF Group (8th).

The richest person in Forbes’ annual list is American investor Warren Buffett, who has overtaken software czar Bill Gates and Mexican tycoon Carlos Slim Helu to claim the title. Buffet has a net worth of $62 billion, higher than Slim’s $60 billion and Gates’ $58 billion. Ingvar Kamprad and family of Sweden, at $31 billion, are in the seventh place.

Mittal, valued at $45 billion, is at the helm of the world’s largest steel making company, Arcelor Mittal, and holds 44% stake in it. He lives in London.

Mukesh Ambani is valued at $43 billion. His younger brother Anil Ambani’s net worth rose by $23.8 billion, the biggest gain in the last one year; he is valued at $42 billion.

KP Singh has been recognised at the richest real estate baron in the world. The listing of his company, DLF, last year helped his fortune jump to $30 billion from $10 billion a year ago.

The other Indians in the list include Ravi and Shashi Ruia, the brothers who run Essar Group, who have occupied the 43rd position with a net worth of $15 billion. Azim Premji, chairman, Wipro, is at the 30th position with a net worth of $12.7 billion. The list also has Senapathy Gopalakrishnan, co-founder and CEO at Infosys, trader and investor Rakesh Jhunjhunwala and Rahul Bajaj, chairman, Bajaj Auto Ltd, each with a net worth of $1 billion.

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Half of the world’s top 8 richest are Indian

Post Comments