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India’s Top 10 Richest Billionaires In 2020

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10. Kumar Birla

kumar-birla-prashantji-services

He is the 4th generation head of the historied, $48.3 billion (revenue)
Aditya Birla Group. Birla inherited the family empire at age of 28 when his father Aditya Birla died in 1995. In October 2019, The European Commission approved the $2.6 billion acquisition by his Novelis of
Aleris, an aluminium producer in Ohio. Birla’s telecom firm Vodafone Idea was formed by the 2018 merger between his Idea Cellular and
Vodafone India.

  • SOURCE OF WEALTH: Commodities
  • RESIDENCE: Mumbai, India
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 3
  • AGE: 52
  • NET WORTH: $7.5B

9.Lakshmi Mittal

Lakshmi-Mittal-prashantji-services

Lakshmi Mittal perform duties as a chairman & CEO of $70.6 billion (revenue) ArcelorMittal, the world’s biggest steelmaker. Lakshmi Mittal separated from his siblings to start Mittal Steel then went on to merge the
company with France’s Arcelor in 2006. The company reported a net loss of $2.5 billion in 2019, due to lower steel prices and higher raw material costs.
In 2019, Arcelor and Nippon Steel completed their $5.9 billion acquisition of Essar Steel, once controlled by billionaires Shashi and Ravi Ruia.

  • SOURCE OF WEALTH: Steel
  • RESIDENCE: London, United Kingdom
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 2
  • EDUCATION: Bachelor of Arts/Science, St Xavier’s College Calcutt
  • AGE: 69
  • NET WORTH: $8.4B

8. Godrej family

Godrej-family-prashantji-services

The Godrej family controls the $4.7 billion (revenue) Godrej Group, a 122-year-old consumer-goods giant. It was established by lawyer Ardeshir Godrej, who gave up his profession to make locks in 1897. The group is chaired by patriarch Adi Godrej.

  • SOURCE OF WEALTH: Godrej Group
  • RESIDENCE: Mumbai, India
  • CITIZENSHIP: India
  • NET WORTH: $12 billion

7. Radhakishan Damani

radhakishan-damani-prashantji-services

Radhakishan Damani became the India’s retail king after the March 2017 IPO of his supermarket chain DMart. Damani holds stakes in a range of companies, from tobacco firm VST industries to beer maker United Breweries. Radhakishan’s property portfolio includes the 156-room, Radisson Blu Resort in Alibag and a popular beach-front getaway which close to Mumbai.

  • SOURCE OF WEALTH: Retail, investments.
  • RESIDENCE: Mumbai, India
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 3
  • AGE: 65
  • NET WORTH: $16.5B

6. Shiv Nadar

shiv-nadar-prashantji-services

Shiv Nadar is also come in top 10 richest person in India. Shiv Nadar chairs HCL Technologies, an $9.7 billion (revenue) company that is one of India’s largest software services providers. In December 2018, HCL Technologies agreed to buy some software products from IBM for $1.8 billion. One of India’s leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.

  • SOURCE OF WEALTH: Software services, Self Made
  • RESIDENCE: Delhi, India
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 1
  • EDUCATION: Bachelor of Arts/Science, PSG College of Technology
  • AGE: 74
  • NET WORTH: $13.7B

5. Uday Kotak

Uday-Kotak-prashantji-services

Uday Kotak started his finance firm in 1985. His Kotak Mahindra Bank (KMB) is now among top India’s four banks in the private sector.
Kotak’s 811 app draws its name from November 8, the day in 2016 when the government cancelled 86% of all rupees in circulation. In January 2020, the bank reached an agreement with the Reserve Bank of India over the issue of reducing Kotak’s stake in the bank to 26%.

  • SOURCE OF WEALTH: Banking, Self Made
  • RESIDENCE: Mumbai, India
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 2
  • EDUCATION: Bachelor of Arts/Science, Bombay University; Master of Business Administration, University of Bombay
  • AGE: 61
  • NET WORTH: $10.1B

4. Pallonji Mistry

Pallonji-Mistry-prashantji-services

Pallonji Mistry controls the Mumbai-headquartered engineering and construction giant, the 154-year-old Shapoorji Pallonji Group.
The biggest asset of this family is an 18.4% stake in Tata Sons, holding outfit of the $111 billion (revenue) Tata Group, a conglomerate of 30 companies.
The S.P. Group, run by Mistry’s older son Shapoor and also own by Eureka Forbes, the country’s leading brand of water purifiers.
Mistry’s younger son Cyrus, who was ousted as chairman of Tata Sons in October 2016.

  • SOURCE OF WEALTH: Construction
  • RESIDENCE: Mumbai, India
  • CITIZENSHIP: Ireland
  • MARITAL STATUS: Married
  • CHILDREN: 4
  • AGE: 90
  • NET WORTH: $12.8B

3. Hinduja brothers

Hinduja-brothers-prashantji-services

The four close-knit siblings, Srichand, Gopichand, Prakash and Ashok, control multinational conglomerate the Hinduja Group.
Hinduja brothers own valuable real estate in London, United Kingdom. Both Srichand and Gopichand live in London (UK) and Prakash resides in Monaco while the youngest sibling Ashok supervise their Indian interests from Mumbai, India.

  • SOURCE OF WEALTH: Diversified
  • RESIDENCE: London, United Kingdom
  • CITIZENSHIP: United Kingdom
  • NET WORTH: $12.2B

2. Gautam Adani

Gautam-Adani-prashantji-services

Gautam Adani controls his Mundra Port wich is India’s largest, in his home in Gujarat. Adani covers his $13 billion revenue from Adani Group’s interests which include power generation and transmission firms, edible oil, real estate and defence. Adani’s overseas assets include Australia’s Abbott Point port and the Carmichael coal mine, billed as one of the world’s largest. In June 2019, Adani got permission to start work on the Australian coal mine after a 9-year wait. Adani has recently expanded into new ventures such as airports and data centers.

  • SOURCE OF WEALTH: Commodities, infrastructure, Self Made
  • RESIDENCE: Ahmedabad, India
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 2
  • AGE: 57
  • NET WORTH: $15.7B

1. Mukesh Ambani

Mukesh-Ambani-Reliance-Industries-prashantji-services

Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India’s most valuable companies.
Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father’s death in 2002, Ambani and his younger sibling Anil divvied up the family empire.

In 2016, Reliance sparked a price war in India’s hyper-competitive telecom market with the launch of 4G phone service Jio. Jio has signed on more than 340 million customers by offering free domestic voice calls, dirt-cheap
data services and virtually free smartphones.

  • SOURCE OF WEALTH: Petrochemicals, oil & gas
  • RESIDENCE: Mumbai, India
  • CITIZENSHIP: India
  • MARITAL STATUS: Married
  • CHILDREN: 3
  • EDUCATION: Bachelor of Science in Engineering, University of Bombay; Drop Out, Stanford University
  • AGE: 63
  • NET WORTH: $52.5B

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