Wednesday, November 02, 2011

The Wealth of India

This year there are 1,210 billionaires in the world with a combined wealth of $4.5 trillion.

It includes 55 Indians with a combined wealth of $246.5 billion – surpassing the combined GDP of Pakistan and Sri Lanka!

India’s Richest

1) Lakshmi Mittal World Rank:6
Steel czar Lakshmi Mittal, the 60-year old chairman and CEO of ArcelorMittal stands tall on the numero uno position thanks to a total wealth of $31.1 billion. His company, Mittal Steel Company was formed in 1976 and was merged with Arcelor in 2006 to become the world’s largest steel manufacturer.

2) Mukesh Ambani World Rank:9
This should come as no surprise. Mr. Mukesh Ambani is well-known in India for his super-luxurious house and a mountain of treasure. With a total wealth of $27 billion, he is the second richest Indian & the ninth richest man in the world.

3) Azim Premji World Rank:36
Software mogul Azim Premji has secured the third place among the richest in India with a fortune of $16.8 billion. Even though his wealth slipped from $17 billion last year, Mr. Premji is greatly admired for his philanthropic activities. In the near future, he plans to establish a new endowment trust worth Rs 8,846 crore ($2 billion) to fund various educational initiatives.

4) Shashi & Ravi Ruia World Rank:42
Shashi and Ravi Ruia are brothers who head the Essar Group in India. They are the fourth richest businessmen in India with a net worth that has risen from $13 billion last year to $15.8 billion.

5) Savitri Jindal & family World Rank:56
Savitri Jindal is anIndian steel baroness, the wealthiest woman in India and the world's 56st richest person. Her net worth rose to $13.2 billion from $12.2 billion in 2010. She is noted for being the world's 4th richest mother, as well as for having more children (nine!) than any other billionaire mother.

6) Gautam Adani World Rank:81
Chairman of the Adani Group, Gautam Adani's net worth has jumped to $10 billion from $4.8 billion last year. He is presently India’s sixth richest man.

7) Kumar Mangalam Birla World Rank:96
From a net worth $7.9 billion last year, Kumar Birla’s profits have increased by a few billions this year standing at $9.2 billion. He is the chairman of the Aditya Birla Group and also the Chancellor of the Birla Institute of Technology & Science.

8)Anil Ambani World Rank:103
Not a very good year for Mr. Anil Ambani, the chairman of Reliance Anil Dhirubhai Ambani Group. Last year, his fortune was worth $13.7 billion which has now fallen to $8.8 billion.

9)Sunil Bharti Mittal World Rank:110
With a fortune of $8.3 billion, chairman of Indian telecom giant Bharti Airtel, Sunil Mittal and family have maintained their position this year just like they did last time.

10)Adi Godrej & family World Rank:130
Chairman of the Godrej group, Adi Godrej’s wealth last year was $5.2 billion but this year he ranks as the tenth richest Indian with a net worth of $7.3 billion. He is the second richest person of Iranian descent in the world after Pallonji Mistry.

"In India, the distribution of assets is extremely unequal, with the top 5 per cent of the households possessing 38 per cent of the total assets and the bottom 60 per cent of households owning a mere 13 per cent," the Institute of Applied Manpower Research (IAMR), an autonomous body affiliated to the Planning Commission, report reveals

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