Page 98 - Forbes - USA (March 2018)

TH E WORLDÕ S BILLIONA IR E S

INDIA HARIDWAR

HISAR
DELHI 23
GDP: $2.6 TRIL
POPULATION: 1.3 BIL EXPATRIATES RAJASTHAN ROYALS
BILLIONAIRES: 119 (+18 VS. 2017) 11 RUPERT MURDOCH & FAMILY
TOTAL NET WORTH: $440.1 BIL
(+$114.6 BIL VS. 2017)
WEALTH TOP SECTORS
ORIGIN
20
HEALTH CARE
7% 16 AHMEDABAD
47% MANUFACTURING 7
46% 16
DIVERSIFIED
10
FINANCE & INVESTMENTS BARODA KOLKATA
INHERITED & GROWING 9
INHERITED MUMBAI 43
SELF-MADE FOOD & BEVERAGE AURANGABAD
8
TECHNOLOGY 5
MUMBAI INDIANS
MUKESH AMBANI
SUNRISERS HYDERABAD
MUMBAI FC KALANITHI MARAN
SUBHASH CHANDRA
Mukesh Ambani  Shashi & Ravi Ruia HITEC CITY
$40.1 BIL #19 PETROCHEMICALS,
OIL & GAS BIGGEST LOSER: The brothers’

Azim Premji  debt-laden steelmaker Essar HYDERABAD
$18.8 BIL #58 Steel was put up for auction PUNE 6
SOFTWARE SERVICES under India’s new Insolvency & RISING PUNE ELECTRONIC CITY
Lakshmi Mittal  Bankruptcy Code. London steel SUPERGIANTS
$18.5 BIL #62 STEEL baron Lakshmi Mittal, who has SANJIV GOENKA
Shiv Nadar  been eyeing assets back home, BANGALORE 9
$14.6 BIL #98 got his ArcelorMittal to bid. TIDAL PARK
SOFTWARE SERVICES Numetal, in which Ravi’s son GOA
Dilip Shanghvi  Rewant holds a minority stake, CHENNAI
$12.8 BIL #115 also bid but may be disquali-
PHARMACEUTICALS fied because of ties to Essar—

Kumar Birla  defaulters can’t participate in
$11.8 BIL #127 COMMODITIES the auction. THRISSUR
INFOPARK Radhakishan Damani
Uday Kotak 
$10.7 BIL #143 BANKING
BIGGEST GAINER: Damani’s wealth has more than
Radhakishan Damani & fam  COCHIN quadrupled, thanks to the March 2017 listing of Ave-
$10 BIL #151 INVESTMENTS, nue Supermarts, which operates supermarket chain
RETAIL
DMart. Shares have nearly tripled since the IPO, mak-
Gautam Adani  ing him India’s biggest percentage gainer. Damani
$9.7 BIL #154 COMMODITIES, got into retailing in 2003 with one store in suburban
PORTS
Mumbai targeting middle-class shoppers. He was an
Cyrus Poonawalla  investor before delving into retail and still has stakes
$9.1 BIL #170 VACCINES
in such companies as tobacco firm VST Industries.

Savitri Jindal & family 
$8.8 BIL #176 STEEL
Sunil Mittal & family  Hasmukh Chudgar 
$8.8 BIL #176 TELECOM $3 BIL #791 PHARMACEUTICALS
Kushal Pal Singh  Rakesh Jhunjhunwala 
$6.4 BIL #265 REAL ESTATE $3 BIL #791 INVESTMENTS
Acharya Balkrishna  Smita Crishna-Godrej 
$6.3 BIL #274 CONSUMER GOODS Bajaj brothers  Kiran Mazumdar-Shaw  $2.9 BIL #822 CONSUMER GOODS
$4.8 BIL #422 DIVERSIFIED $3.6 BIL #629 BIOTECH
Vikram Lal  Adi Godrej 
$6.3 BIL #274 MOTORCYCLES Kapil & Rahul Bhatia  Karsanbhai Patel  $2.9 BIL #822 CONSUMER GOODS
$4.5 BIL #466 AIRLINES $3.6 BIL #629 CONSUMER GOODS
Nusli Wadia  Jamshyd Godrej 
$6.2 BIL #281 Micky Jagtiani  Kuldip Singh & Gurbachan $2.9 BIL #822 CONSUMER GOODS
CONSUMER PRODUCTS $4.4 BIL #480 RETAIL Singh Dhingra 
$3.5 BIL #652 PAINTS Nadir Godrej 
Benu Gopal Bangur  Rahul Bajaj  $2.9 BIL #822 CONSUMER GOODS Anurang Jain
$6 BIL #289 CEMENT $4.3 BIL #499 MOTORCYCLES Baba Kalyani 

$3.5 BIL #652 ENGINEERING Rishad Naoroji  NEWCOMER: The nephew of motor-
Kalanithi Maran  Pawan Munjal & family  $2.9 BIL #822 CONSUMER GOODS cycle magnate Rahul Bajaj founded
$5.2 BIL #372 MEDIA $4.1 BIL #527 MOTORCYCLES Shashi & Ravi Ruia  Endurance Technologies in 1985
$3.4 BIL #679 DIVERSIFIED Aloke Lohia 
Subhash Chandra  B.R. Shetty  $2.8 BIL #859 PETROCHEMICALS to supply aluminum castings to his
$5 BIL #388 MEDIA $4 BIL #550 HEALTH CARE Anil Agarwal & family  uncle’s Bajaj Auto. He listed the $867
$3.3 BIL #703 MINING, METALS Chandru Raheja 

Pankaj Patel  Sudhir & Samir Mehta  $2.8 BIL #859 REAL ESTATE million (revenue) autoparts firm in
$5 BIL #388 PHARMACEUTICALS $3.9 BIL #572 DIVERSIFIED Ashwin Dani  2016; the stock has nearly doubled
$3.3 BIL #703 PAINTS Anil Ambani 
M.A. Yusuff Ali  Ravi Pillai  $2.7 BIL #887 DIVERSIFIED in the past year. His twin brother,

$5 BIL #388 RETAIL $3.9 BIL #572 CONSTRUCTION Sameer Gehlaut & family  Tarang, who controls privately held
$3.2 BIL #729 FINANCE P.V. Ramprasad Reddy 
Ajay Piramal  Mangal Prabhat Lodha  $2.5 BIL #965 auto components maker Varroc
$4.9 BIL #404 PHARMACEUTICALS $3.7 BIL #606 REAL ESTATE Rajan Raheja & family  PHARMACEUTICALS Group, also debuts.
$3.1 BIL #766 DIVERSIFIED
WEALTH STATUS:
UP DOWN  UNCHANGED 
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96 | FORBES MARCH 31, 2018