See top 15 Indian billionaires worth $197.8 billion combined

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See top 15 Indian billionaires worth $197.8 billion combined

Most of India's wealthy lost money in 2019, but Mukesh Ambani stayed on top for 12th time

Published: January 20, 2020 11:39 Anjana Kumar, Senior Reporter

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Mukesh Ambani, his wife Nita and mother — Most of India's wealthy lost money in 2019, according to Forbes. But Mumbai-based businessman Mukesh Ambani remained the richest person in India in 2019 for the 12th year in a row with a net worth of $58.4 billion at the end of the year. According to Forbes' Real Time Billionaires ranking, India's richest people include a number of other well known names. Take a look at India's top 15 richest billionaires. Our list starts in the descending order of their net-worth accumulation. Image Credit: AFP

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Indian billionaires — #15: KUSHAL PAL SINGH, 88: Who is he?: Kushal Pal Singh is an Indian billionaire real estate developer, and the chairman and CEO of real estate developer DLF Limited, founded by his father-in-law Chaudhary Raghvender Singh. DLF has an estimated land bank of 10,255 acres, with about 3,000 acres in Gurugram, called DLF City. Net worth: $6.2 billion Image Credit: Gulf News Archive

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Indian billionaires — #14 : BENU GOPAL BANGUR, 88. Who is he? Benu Gopal Bangur (born 1931) is an Indian billionaire businessman, and the chairman of Shree Cement.His father, Mungee Ram Bangur, a Calcutta stockbroker, and his brother Ram Coowar Bangur, started the Bangur business empire in the late 19th century. In 1991, the business was split into five groups, between Balbhadra Das Bangur, Niwas Bangur, Kumar Bangur and Benu Gopal Bangur (all grandsons of Mungee Ram) and Laxmi Niwas Bangur (grandson of Ram Coowar). Net worth - $6.5 billion. Image Credit: Gulf News Archive

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Indian billionaire — #13 SAVITRI JINDAL, 69. Who is she? : Savitri Jindal is the Chairperson Emiretus, Jindal Steel & Power Limited. Born in the Rasiwasia family in Tinsukia, Assam, Savitri married O.P. Jindal in 1970s, who had founded the Jindal Group, a steel and power conglomerate. She was a Minister in Haryana Government and member of the Haryana Vidhan Sabha (Legislative Assembly) from Hisar constituency. She lost the seat in elections held in 2014 for the Haryana assembly. She became the chairperson after her husband, O.P. Jindal, who died in a helicopter crash in 2005. She is a member of the INC political party. Savitri is the richest woman in India. Net worth : $6.6 billion Image Credit: Gulf News Archive

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Indian billionaires — #12 : NUSLI WADIA, 75. Who is he? Nusli Wadia is an Indian-born British Parsi businessman, entrepreneur and the chairman of the Wadia Group. He is a part of the prominent business Wadia family, through his father Neville, and the politically important Jinnah family, through his mother Dina. He is the grandson of Muhammad Ali Jinnah, the founder of Pakistan, and is one of the Parsi community's most prominent and influential businessmen. Net worth: $7 billion Image Credit: Gulf News Archive

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Azim Premji — #11 : AZIM PREMJI, 74. Who is he? Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon, investor, engineer, and philanthropist, who is the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry.[5][6] He was responsible for guiding Wipro through four decades of diversification and growth to finally emerge as one of the global leaders in the software industry. Net worth : $7.2 billion Image Credit: Gulf News Archive

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Indian billionaires — #10 : DILIP SHANGHVI, 64. Who is he? : Dilip Shanghvi (born 1 October 1955) is an Indian billionaire businessman and one of the country's richest people. He founded Sun Pharmaceuticals. The Government of India awarded him the civilian honour of the Padma Shri in 2016. Net worth : $7.6 billion Image Credit: Gulf News Archive

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Indian billionaires — # 9 : CYRUS POONAWALA, 78. Who is he? Cyrus S. Poonawalla (born 1941) is an Indian businessman, the chairman of Poonawalla Group, which includes Serum Institute of India, the Indian biotech company that manufactures paediatric vaccines. Net worth: $9.2 billion Image Credit: Gulf News Archive

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Indian billionaires — #8: SUNIL MITTAL, 62. Who is he? Sunil Bharti Mittal (born 23 October 1957) is an Indian billionaire entrepreneur, philanthropist and the founder and chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, agri and food besides other ventures. Net worth : $9.7 billion Image Credit: Gulf News Archive

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Indian billionaires — #7: KUMAR MANGALAM BIRLA, 52. Who is he? Born 14 June 1967, Kumar Mangalam Birla is an Indian billionaire industrialist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is also the chancellor of the Birla Institute of Technology & Science, and the chairman of the Indian Institute of Technology Delhi and Indian Institute of Management Ahmedabad. Image Credit: Gulf News Archive

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Indian billionaires — #6: LAKSHMI MITTAL, 69. Who is he? Lakshmi Niwas Mittal is an Indian born steel magnate based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company. Mittal owns 38 per cent of ArcelorMittal and holds 11 per cent in Queens Park Rangers F.C. Net worth : $12 billion Image Credit: Gulf News Archive

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Indian billionaires — #5: GAUTAM SHANTILAL ADANI, 57. Who is he? He is an Indian billionaire industrialist who is the chairman and founder of the Adani Group -- an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Adani is the president of the Adani Foundation, which is primarily led by his wife, Priti Adani. He founded the Adani Group in 1988 and diversified his business into resources, logistics, energy, agriculture, defence and aerospace, amongst others. Net worth : $13.3 billion Image Credit: Gulf News Archive

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Indian billionaires — #4: RADHAKISHAN DAMANI, 64. Who is he? Founder of Avenue Supermarts Ltd., (DMart). DMart is a chain of hypermarkets in India founded by Radhakishan Damani in the year 2002, with its first branch in Powai’s Hiranandani Gardens. As of 21 November 2019, it had 191 stores across India in the states of Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka, Uttar Pradesh and Punjab. Net worth : $13.8 billion Image Credit: Gulf News Archive

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Indian billionaires — #3: UDAY KOTAK, 60. Who is he? Uday Kotak is an Indian billionaire banker, and the executive vice chairman and managing director of Kotak Mahindra Bank. In early 1980s, while India was still a closed economy and economic growth was muted, Kotak decided to start out on his own, refusing a lucrative job option from a multinational. Over the next few years, he diversified his business into various areas of financial services, establishing a prominent presence in bills discounting, stockbroking, investment banking, car finance, life insurance and mutual funds. On 22 March 2003, Kotak Mahindra Finance Ltd. became the first company in India’s corporate history to receive a banking license from Reserve Bank of India. Net worth : $15 billion Image Credit: Gulf News Archive

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Indian billionaires — #2: SHIV NADAR, 74. Who is he? Shiv Nadar is an Indian billionaire industrialist and philanthropist. He is the founder and chairman of HCL and the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades by constantly reinventing his company's focus. In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry. Net worth : $15.3 billion Image Credit: Gulf News Archive

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Indian billionaires — #1: MUKESH AMBANI, 62. Who is he? This man needs no introduction. The world knows him. But for the record, Mukesh Dhirubhai Ambani is an Indian business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. Net worth : $58.4 billion Image Credit: Gulf News Archive

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