Sunday, August 17, 2014

Check this out: These 5 businessmen control nearly half of India’s billionaire wealth

With an estimated net worth of $24.4 billion, the richest man in India is Mukesh Ambani, chairman and the largest shareholder of Reliance Industries, a Fortune Global 500 company with oil and gas interests. Through Reliance, Ambani owns the Mumbai Indians Indian Premier League (IPL) cricket team, reportedly the most valuable team at around $112 million, shows data from Wealth-X
Lakshmi Mittal, chief of steel major ArcelorMittal is the second richest Indian with a net worth of $17.2 billion. Mittal, 64, owns 38% of ArcelorMittal and a 33% stake in the Queens Park Rangers Football Club.
Dilip Shanghvi, the foudner of Sun Pharma, is the third richest Indian with a net worth of about $16.3 billion. From a pharmaceutical start-up with sales of $0.02 mn in 1983, Sun Pharma has grown to become the largest drug manufacturer in the country and is worth over Rs 1.64 lakh crore today thanks to the efforts of its introvert but a business-savy founder, who is also credited with single-handedly steering Sun Pharma to the fifth spot globally in the generic drugs market.
Azim Premji, chairman of India's third-largest software company Wipro, is India's richest tech tycoon and the third wealthiest Indian with a net worth of $14.9 billion. Data: Wealth X
Irish citizen Pallonji Mistry, patriarch of Indian construction giant Shapoorji Pallonji Group and one of the biggest shareholders in Tata Sons is India's fifth richest businessman with a net worth of $12.7 billion. The five billionaires collectively control $85.5 billion in personal wealth, accounting for 47.5% of India's total billionaire wealth.

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