TOP 5 RICHEST INDIANS 2023
1. Gautam Adani - Founder and head of the Adani Group, a global corporation engaged in port operations and development in India, Gautam Shantilal Adani (born 24 June 1962) is a billionaire industrialist from India. He oversees the Adani Foundation as its president. Adani is the wealthiest person in Asia and the sixth richest person in the world as of January 2023, according to Forbes and Bloomberg, with a net worth of US$105 billion and $121 billion, respectively.
Early life - In Ahmedabad, Gujarat, on June 24, 1962, Adani was born into a Jain family to Shantilal and Shantaben Adani. His siblings number 7. His parents had left their hometown of Tharad in Gujarat's northern region. He dropped out of school and never finished his studies. His father ran a little business selling textiles. He received his education at Ahmedabad's Sheth Chimanlal Nagindas Vidyalaya. He enrolled in Gujarat University to pursue a bachelor's in commerce, but he left after the first year. Adani loved business, but he didn't like his father's textile company.
Career - Adani relocated to Mumbai in 1978 while still a teen to work as a diamond sorter for Mahendra Brothers.
His older brother Mahasukhbhai Adani purchased a plastics facility in Ahmedabad in 1981 and asked him to oversee operations. This business ended up serving as Adani's entry point into international trade via imports of polyvinyl chloride (PVC).
He began importing basic polymers for small-scale companies in 1985. Adani created Adani Exports in 1988, the holding company for the Adani Group that is today known as Adani Enterprises. The corporation first traded in agricultural and energy-related commodities.
When economic liberalisation policies proved advantageous for his business in 1991, he began expanding into the trading of metals, textiles, and agricultural items.
In 1994, the Gujarati government announced the outsourcing of management at the Mundra Port, and Adani was awarded the contract in 1995. He constructed the first jetty in 1995. The operations were once run by Mundra Port & Special Economic Zone, however they were moved to Adani Ports & SEZ (APSEZ). The business is currently the biggest private multi-port operator.
The capacity of Mundra Port, India's largest private sector port, is close to 210 million tonnes of cargo per year. Adani established Adani Electricity, the company's power division, in 1996. The largest private producer of thermal electricity in the nation, Adani Power, owns thermal power facilities with a combined capacity of 4620MW. Adani began operating as a power producing company in 2006. He bought Australia's Abbot Point Port and Carmichael between 2009 and 2012.
Political views - According to reports, Adani is friendly with Indian Prime Minister Narendra Modi and the Bharatiya Janata Party, which is currently in power. As a result of his companies receiving numerous government contracts for infrastructure and energy in India, cronyism accusations have been raised. With an Indian government auditor accusing Modi of providing Adani and other entrepreneurs with cheap fuel from a Gujarat state-run gas company in 2012. Both Adani and Modi have refuted claims of cronyism. Although the newsmagazine warns that Adani's company is infamous for its "Byzantine" structure and murky finances, it has been dubbed "a master operator" who is adept at "navigating the difficult legal and political environment of Indian capitalism."
Personal life - Priti Adani and Gautam Adani are wed. Jeet and Karan Adani are the couple's two sons. Adani and a friend, Shantilal Patel, were allegedly kidnapped on January 1, 1998, held captive for a ransom, and then released without receiving the money. In 2018, an Indian court cleared two former gangsters Fazl-ur-Rehman and Bhogilal Darji of the kidnapping charges after Adani and Patel failed to appear for depositions despite numerous court summonses.
During the 2008 Mumbai attacks, he was at the Taj Mahal Palace Hotel.
Philanthropy - The Adani Group provides funding for the Adani Foundation, which is owned by Adani. It was started back in 1996. The organisation also works in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha in addition to Gujarat.
Through the philanthropic arm of his organisation, he gave 100 crore (about US$13 million) to the PM Cares Fund in March 2020 to combat the coronavirus outbreak.
The Gujarat CM Relief Fund received a donation of 5 crore (US$630,000), and the Maharashtra CM Relief Fund received a donation of 1 crore (US$130,000).
From Dammam in Saudi Arabia to Mundra in Gujarat, Adani Group, a diversified corporation led by Adani, imported four ISO cryogenic tanks loaded with 80 metric tonnes of liquid medicinal oxygen. 5,000 oxygen.
cylinders of a medical quality were also acquired by the group from Linde Saudi Arabia. Adani stated on Twitter that his organisation delivers 1,500 cylinders of medical oxygen daily to Kutch, Gujarat, wherever it is required. Adani promised to pay Rs 60,000 crore ($7.7 billion) to philanthropic causes in June 2022. The Adani Foundation will manage Adani's corpus, making this one of the largest donations to a charitable trust in India.
2. Mukesh Ambani - Indian businessman Mukesh Dhirubhai Ambani was born on April 19, 1957, and is a billionaire. He is the chairman and managing director of Reliance Industries Ltd. (RIL), the most valuable corporation by market value in India and a Fortune Global 500 firm. Ambani's net worth is estimated to be $83.6 billion as of 27 January 2023 by Forbes and Bloomberg Billionaires Index, making him the second richest person in Asia after Gautam Adani and the tenth richest person in the world.
Early life - Mukesh Dhirubhai Ambani was born on April 19, 1957, to Gujarati Hindu parents Dhirubhai Ambani and Kokilaben Ambani in the British Crown territory of Aden (modern-day Yemen). He has two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar, as well as a younger brother named Anil Ambani.
Ambani only spent a short time in Yemen as a result of his father's 1958 decision to return to India and launch a textile and spice trade company. The latter's initial name was "Vimal," which was afterwards altered to "Only Vimal." Up until the 1970s, his family resided in a humble two-bedroom apartment in Bhuleshwar, Mumbai. When the family relocated to India, their financial situation significantly improved, but Ambani continued to live in a communal culture, commuted using public transit, and was never given an allowance.
Education - Along with his brother, Ambani attended the Hill Grange High School in Peddar Road, Mumbai, as did Anand Jain, who would go on to become a close friend of his. He attended St. Xavier's College in Mumbai after finishing his secondary education. The Institute of Chemical Technology then awarded him a BE in chemical engineering.
Later, Ambani applied to Stanford University for an MBA programme but dropped out in 1980 to work with his father to establish Reliance, which at the time was still a young but rapidly expanding company.
His father sent his son back to India from Stanford to take charge of a yarn manufacturing project in his company because he believed that real-life skills were developed via experiences rather than by sitting in a classroom.
According to Ambani, who has been quoted, he was swayed.
Career - He began assisting his father Dhirubhai Ambani in managing the Reliance Industries Limited, the family business, in 1981. By this point, it had already grown to include petrochemicals and refining as well. The company offered goods and services to the retail and telecoms sectors as well. The biggest retailer in India is Reliance Retail Ltd., another affiliate. Since its public introduction on September 5, 2016, Reliance's Jio has climbed to a top-five position in the nation's telecommunications services additional justification required.
Ambani has held the distinction of India's richest person on Forbes magazine's list for the past ten years and was listed as the 36th richest person in the world as of 2016.On Forbes' list of the world's most powerful businessmen, he is the sole Indian Businessman. Mukesh Ambani was listed by Forbes as the sixth wealthiest person in the world as of October 2020. With a net worth of $44.3 billion, he overcame Jack Ma, executive chairman of the Alibaba Group, to claim the title of Asia's richest person in July 2018. He also has the most wealth outside of North America and Europe. Ambani was the fifth most prominent philanthropist in India as of 2015, according to China's Hurun Research Institute. As the first non-American to join Bank of America's board, he was named as a director.
He founded the Indian Super Competition, an Indian football league, through Reliance, and he also owns the Mumbai Indians of the Indian Premier League. Forbes listed him as one of the richest sports figures in 2012.worldwide owners. He dwells in the Antilia, which is among the most expensive private homes in the world with a value of $1 billion.
Personal life - His 1985 marriage to Nita Ambani produced three children: twins Akash and Anant, a son, Akash, and a daughter, Isha. After his father watched a dance performance in which Nita participated and considered arranging a marriage between the two, they eventually crossed paths.
They lived in Antilia, a 27-story private building in Mumbai that was formerly the most expensive private residence in the whole world and had a construction cost of US$1 billion. The structure has three helipads, a 160-car garage, a private movie theatre, a swimming pool, and a fitness facility, all of which require a crew of 600 people for maintenance.
For her 44th birthday in 2007, Ambani gave his wife a $60 million Airbus A319.
Airbus, which features a equipped with a living area, bedroom, sky bar, Jacuzzi, office, satellite television, WiFi, and a capacity for 180 passengers.
After purchasing the IPL cricket team Mumbai Indians for $111.9 million in 2008, Ambani earned the title of "The World's Richest Sports Team Owner."
Mukesh Ambani is a devout vegetarian and abstainer from alcohol.
He reportedly chose to forego almost 240 million rupees from his annual salary as the CEO of Reliance Industries Ltd. during the fiscal year that ended on March 31, 2012. (RIL). He made the decision to do this despite the fact that RIL's top management employees received larger overall compensation packages during that fiscal year. Mukesh Ambani owns 50.4% of the business. Through this action, his compensation was maintained at $150 million for the fourth consecutive year
3. Shiv Nadar - Shiv Nadar is a millionaire businessman and philanthropist from India who was born on July 14, 1945. He is the founder and former chairman of both the Shiv Nadar Foundation and HCL Technologies. Midway through the 1970s, Nadar created HCL, and over the ensuing three decades, he turned the IT hardware business into an IT corporation. Nadar received the Padma Bhushan in 2008 in recognition of his work in the IT sector. Since the mid-1990s, Nadar, also known by his friends as Magus (Old Persian for "wizard"), has concentrated his efforts on improving India's educational system through the Shiv Nadar Foundation. With an estimated net worth of $25.6 billion as of January 18, 2023, He is the 59th richest person in the world and the third-richest person in India, according to Forbes.
Early life and education - Nadar was born in 1945 at Moolaipozhi Village, Thoothukudi district (current), Tamil Nadu, India, roughly 10 kilometres (6.2 mi) from Tiruchendur. [Reference needed] Sivasubramaniya Nadar and Vamasundari Devi were his parents. His mother, Vamasundari Devi, is a sister of Dina Thanthi newspaper founder S. P. Adithanar. Nadar attended Kumbakonam's Town Higher Secondary School. Additionally, he attended Madurai's Elango Corporation Higher Secondary School. He entered Town High School in June 1955 as a sixth-standard student and remained there through June 1957. Later, he enrolled at St. Joseph Boys Higher Secondary School in Trichy, where he finished high school. Nadar graduated from PSG College with a degree in Electrical and Electronics Engineering after completing his pre-university studies at the American College in Madurai.
Career - In 1967, Nadar started working for the Walchand Group at Cooper Engineering Ltd. in Pune. He soon abandoned it to start his own business, forming collaborations with a number of acquaintances and coworkers. These partners included Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap, and DS Puri. Ajai Chowdhry was the former chairman of HCL. Arjun Malhotra was the CEO and chairman of Headstrong. The first business Nadar and his colleagues started was Microcomp, a business that specialised in the sale of teledigital calculators in the Indian market. With an initial investment of Rs. 187,000, HCL was created in 1976. With the founding of Far East Computers in Singapore in 1980, HCL entered the global market by selling IT gear. In its first year, the business generated Rs 1 million in revenue and continued to serve the Singapore market.
Nadar lost all management control but remained the major stakeholder.
The leadership of his daughter Roshni Nadar, the first woman to chair a publicly traded Indian IT company, was transferred to him in July 2020. In July 2021, Nadar also resigned from his position as managing director of HCL Technologies. C Vijay Kumar, the company's CEO, took over for a five-year term.
He was ranked third richest in India in October 2021 by Forbes magazine, with an estimated net worth of US$31 billion (Rs.2,36,600 Crores)
Focus on education - Sivasubramaniya Nadar, Nadar's father, was the inspiration behind the establishment of SSN College of Engineering in Chennai, Tamil Nadu, in 1996. Nadar actively participated in campus events, including giving the institution shares of HCL valued Rs. 10 lakh. Nadar stated in 2006 that the institution will support research in addition to making sure that students benefited from collaborations with foreign universities. In 2005,
Nadar became a member of the Indian School of Business' executive board. The opening of two Vidyagyan schools in Uttar Pradesh for rural students, where 200 students from 50 different districts will receive full scholarships, was announced by Nadar's SSN Trust in March 2008. In February 2011, he paid a visit to Town Higher Secondary School and made an 80 lakh rupee donation of computers and other equipment. He held the position of chairman of the board of governors at the technical institute Indian Institute of Technology Kharagpur (IIT-KGP) till 2014.
Personal life - Roshni Nadar, his sole child, currently serves as HCL's chairwoman.
His wife, Kiran Shiv Nadar, is a philanthropist and art collector from India.
4. Cyrus Poonawalla - The Serum Institute of India, an Indian biotech company that is the largest vaccine maker in the world, and Poonawalla Fincorp, a top NBFC in India, are both part of the Cyrus Poonawalla Group, which is headed by billionaire businessman Cyrus S. Poonawalla (born 1941). With a net worth of $24.3 billion, he is rated fourth on Forbes India's rich list in 2022. According to the Hurun Global Health Care Rich List 2022, he is rated first.
Career - The Serum Institute of India was established in 1966 by Poonawalla, who grew it into the world's largest vaccine maker (measured in doses). Serum manufactures roughly 1.5 billion doses of various vaccinations per year, including those for the flu, polio, and measles.
Family - The son of horse breeder Soli Poonawala, Cyrus Poonawalla was raised in a Parsi home. Villoo Poonawalla, his wife, passed away in 2010. Adar, their son, is currently the CEO of the Serum Institute of India.
Philanthropy - It was revealed in May 2019 that Poonawalla and Naum Koen had suggested giving Ukraine 100,000 doses of the measles vaccine for free inoculation.
Author Name: Neeraj Mahal
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