50 Indian billionaires in Forbes rich list 2011
Fifty Indians, including L.N. Mittal, the Ambani brothers and Azim Premji, have made it to the Forbes list of World Billionaires 2011, as Indians Chinese, Russians and Brazilians raced to catch up with Americans, still at the top.Indian steel czar Lakshmi Mittal with a net worth of USD 31.1 billion grabbed the sixth place with net profits of ArcelorMittal, world’s largest steel-maker, rising 18-fold to USD 2.9 billion in 2010 on recovery in demand for the commodity and higher margins.Mukesh Ambani with a net worth USD 27 billion was ranked ninth on the world list, while the head of consumer products to outsourcing giant Wipro, Azim Premji, was next ranked 36th with a net worth of USD 16.8 billion.”The largest such endowment by an individual in India makes Premji one of Asia’s biggest donors,” said the magazine, referring to a donation of USD 2 billion worth of shares last year to a trust to fund his Azim Premji Foundation.
Among the top 10 Indians on the list were Shashi and Ravi Ruia, with a net worth of USD 15.8 billion, Savitri Jindal and family (USD 13.2 billion), Gautam Adani (USD 10 billion), Kumar Mangalam Birla (USD 9.2 billion), Anil Ambani (USD 8.8 billion), Sunil Mittal and family (USD 8.3 billion), and Adi Godrej and family (USD 7.3 billion).For the second year in a row, Mexican telecom tycoon Carlos Slim Helu takes the title of world’s richest man with a record-breaking fortune of USD 74 billion. His net worth grew USD 20.5 billion in a year.Microsoft chairman Bill Gates, 55, was second again as his net worth rose USD 3 billion to USD 56 billion. Warren Buffett, 80, chief executive officer of Berkshire Hathaway Inc., held on to third place with USD 50 billion.
Mark Zuckerberg, the 26-year-old cofounder and chief executive officer of social-networking website Facebook Inc. jumped to 52nd this year from 212th place last year.There are now 1,210 billionaires in the world and 214 new members joined the club in 2010, while only 47 dropped off the list last year. The US still dominates, with 413 billionaires, compared to Asia, which came in second with 332.The US gained 23 new billionaires and lost 13, recording a net gain of 10. Asia cranked out 98 new billionaires last year, and their combined fortunes jumped 37 percent.
The BRIC (Brazil, Russia, India, China) countries alone accounted for 108 new billionaires, giving them a total of 301. China had the most new billionaires, with 54 and a total of 115. Moscow displaced New York as the city with the greatest number of billionaires with 79, compared with 58.The Asia-Pacific region had more billionaires than Europe for the first time in more than 10 years and gained the most billionaires of any region, with 105 newcomers.Here is a complete list of Indian billionaires in order of India Rank, World Rank, Name, Net Worth, Age, Source:
1.. 6 Lakshmi Mittal USD 31.1 B 60 Steel
2.. 9 Mukesh Ambani USD 27 B 53 petrochemicals, oil & gas
3.. 36 Azim Premji USD 16.8 B 65 Software
4.. 42 Shashi & Ravi Ruia USD 15.8 B 67 Diversified
5.. 56 Savitri Jindal & family USD 13.2 B 60 Steel
6.. 81 Gautam Adani USD 10 B 48 commodities, infrastructure
7.. 97 Kumar Birla USD 9.2 B 43 commodities
8.. 103 Anil Ambani USD 8.8 B 51 Diversified
9.. 110 Sunil Mittal & family USD 8.3 B 53 telecom
10. 130 Adi Godrej & family USD 7.3 B 68 Diversified
11. 130 Kushal Pal Singh USD 7.3 B 79 real estate
12. 154 Anil Agarwal USD 6.4 B 57 mining, metals
13. 159 Dilip Shanghvi USD 6.1 B 55 pharmaceuticals
14. 182 Shiv Nadar USD 5.6 B 65 Information technology
15. 265 Malvinder & Shivinder Singh USD 4.1 B 38 healthcare
16. 310 Kalanithi Maran USD 3.5 B 45 media
17. 347 Uday Kotak USD 3.2 B 51 banking
18. 376 Micky Jagtiani USD 3 B 59 Retail
19. 393 Subhash Chandra & family USD 2.9 B 60 media
20. 440 Pankaj Patel USD 2.6 B 57 pharmaceuticals
21. 440 Indu Jain USD 2.6 B 74 media
22. 440 G. M. Rao USD 2.6 B 60 infrastructure
23. 512 Cyrus Poonawalla USD 2.3 B 69 biotech
24. 540 Rajan Raheja & family USD 2.2 B 56 Diversified
25. 564 Desh Bandhu Gupta USD 2.1 B 73 pharmaceuticals
26. 595 N.R. Narayana Murthy & family USD 2 B 64 Software
27. 595 Gautam Thapar USD 2 B 50 engineering, paper
28. 595 Sudhir & Samir Mehta USD 2 B 56 Diversified
29. 595 Aloke Lohia USD 2 B 52 chemicals
30. 651 Venugopal Dhoot USD 1.9 B 59 electronics
31. 651 Chandru Raheja USD 1.9 B 70 real estate
32. 692 Nandan Nilekani & family USD 1.8 B 55 Software
33. 736 Ajay Kalsi USD 1.7 B N/A oil
34. 782 Rahul Bajaj USD 1.6 B 72 motorcycles
35. 782 Senapathy Gopalakrishnan & family USD 1.6 B 55 Software
36. 833 Brijmohan Lall Munjal USD 1.5 B 87 motorcycles
37. 833 K. Anji Reddy USD 1.5 B 69 pharmaceuticals
38. 879 Vijay Mallya USD 1.4 B 55 liquor
39. 879 Ajay Piramal USD 1.4 B 55 pharmaceuticals
40. 879 Vikas Oberoi USD 1.4 B 40 real estate
41. 938 Baba Kalyani USD 1.3 B 62 Engineering
42. 938 Rama Prasad Goenka USD 1.3 B 81 Diversified
43. 993 Keshub Mahindra USD 1.2 B 87 Diversified
44. 993 K Dinesh & family USD 1.2 B 56 Software
45. 993 Rakesh Jhunjhunwala USD 1.2 B 50 Investments
46. 993 Brij Bhushan Singal USD 1.2 B 74 Steel
47. 1057 Yusuf Hamied & family USD 1.1 B 74 Pharmceuticals
48. 1057 S.D. Shibulal & family USD 1.1 B 56 Software
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Mr Lakshmi N. Mittal
Chairman and CEO
Mittal Steel Company Ltd, United Kingdom
Mr. Lakshmi N. Mittal is the Chairman and CEO of Mittal Steel Company. He founded the company (formerly the LNM Group) in 1976 and has been responsible for the strategic direction and development of its businesses.
Mittal Steel is the only truly global steel producer in the world with operations on 14 countries, spanning 4 continents.
Mr. Mittal’s ability to guide the company in its identification, acquisition and turnaround of steel assets has led to its emergence as one of the world’s fastest growing steel producers.
Mr. Mittal began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries.
Over the years, Mr. Mittal has also championed the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry.
Other related activities of Mittal Steel include shipping, power generation and distribution, and mining.
Following the transaction combining Ispat International and LNM Holdings to form Mittal Steel in December 2004, together with the simultaneous announcement of the acquisition of International Steel Group in the US to form the world’s largest steel producer, Mr. Mittal was awarded Fortune magazines “European Businessman of the Year 2004”.
Previously, he was awarded “Steelmaker of the Year” in 1996 by New Steel in the USA, and the “Willy Korf Steel Vision Award” in June 1998, for outstanding vision, entrepreneurship, leadership and success in global steel development from American Metal Market and PaineWeber’s World Steel Dynamics.
Mr. Mittal is an active philanthropist and a member of various trusts. Mittal Steel is a significant contributor to local community and welfare activities for employees in countries where the Group operates.
Mr. Mittal is a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum’s International Business Council and the International Iron and Steel Institute’s Executive Committee.
He is a Director of ICICI Bank Limited and is on the Advisory Board of the Kellogg School of Management in the U.S.
He was born in Sadulpur in Rajasthan, India on June 15, 1950, and graduated from St. Xavier’s College in Calcutta where he received a Bachelor of Commerce degree.
He is married to Usha Mittal, and has a son, Aditya Mittal and a daughter, Vanisha Mittal
UPDATED-Oct. 20, 2009: ArcelorMittal is the world’s leading steel company, with operations in more than 60 countries. ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 per cent of world steel output.
I’m not done yet.. I’m still pretty young: Mittal
NRI BILLIONAIRE steel magnate Lakshmi Mittal received a lifetime achievement award here last night – but was quick to point out he is far from elderly.
‘It hasn’t escaped my notice that this award is a lifetime achievement award. But just to let you know that I haven’t finished yet… I’m still pretty young and… I’m a fit person,’ Mr Mittal, 58, quipped.
Mr Mittal, chairman and chief executive of ArcelorMittal, on Monday night accepted the Malcolm S. Forbes Lifetime Achievement Award from publishing tycoon Steve Forbes, chairman and CEO of Forbes, at a ceremony in the Shangri-La Hotel.
UK NRI Mittal steel tycoon wins Forbes Lifetime Achievement Award
UK NRI steel tycoon Lakshmi Mittal is the richest man in Europe with his fortune estimated, $45 billion will get Forbes Lifetime Achievement Award tonight at Forbes Global CEO (three day) Conference in Singapore
More than 425 business leaders with a combined net worth of more than 160 billion dollars from across the world are expected to attend. In March 2008, Forbes had named Lakshmi Mittal as fourth richest with a net worth of $45 billion of the world’s richest billionaires.
Forbes said:
- In 2008, our theme at the three-day conference is “The Winning Hand” and would discuss strategies in dealing with the global uncertainty and issues such as US elections, real estate, China, India and entrepreneurship.
- The award honors heroes of entrepreneurial capitalism and those who embody and exemplify the ideals of free enterprise
- This is the highest award for global business success and the third such honour for heroes of entrepreneurial capitalism and free enterprise.
- At conference speakers will be:
- Singapore’s Prime Minister Lee Hsien Loong
- TCS CEO and MD S Ramadorai, Sajjan Jindal, Vice-Chairman and Managing Director of JSW Steel, Tulsi Tanti, Chairman and Managing Director of Suzlon Energy
Short Biography of both Families
Groom’s parents, Arun and Renu,Lakshmi Mittal:
This 53-year-old billionaire is the richest non-resident-Indian in the world and the fifth richest man in Britain. He started his career in his family’s steel making business in India and now owns the LMN Group, the world’s second biggest steel producers.
He moved to Britain in 1995 and came to public attention three years ago when the British Government became embroiled in a “cash for favours scandal” after Tony Blair wrote in support of him to the Romanian government following a £125,000 (RM860,000) donation to Labour Party coffers. Mittal is a contributor to the Prince’s Trust. Most of his money is tucked away legally in offshore tax havens like the Dutch Antilles.
Usha Mittal
Mittal’s wife is the daughter of a money-lender. They met in Kolkata and, post-marriage, went to Indonesia in 1976 following his purchase of a failing local steel works there.
The couple with the groom’s parents, Arun and Renu, at the Jardin des Tuileris, before the ‘sangeet’.Arun Bhatia :
The groom’s father is a low-profile Delhi businessman and deals in real estate. Wealthy in his own right, the Bhatia family home is in Jor Bagh, a posh area in the city.
Renu Bhatia :
The groom’s mother is from a prominent Indian family living in London. She plans to organise a reception for the couple in Delhi later this year.
Vanisha Mittal:
The 23-year-old is the only daughter of steel magnate Lakshmi Mittal and, after completing a master’s degree at the School of Oriental & African Studies in London, joined her father’s company.
Amit Bhatia
An alumnus of Delhi’s British School, Amit, 25, went to Cornell University in New York and works for Credit Suisse First Boston investment bank in London. Says Amit’s grandfather, Pasha Saigal, a prominent London Indian: “He was the captain of the school cricket team, plays squash and golf. He’s quite a catch.”
NRI steel wizard Lakshmi Mittal, the richest Asian in the UK has purchased a `Guinness Book Records-breaking’ central London house for a record price of 70 million pounds. The previous record was 62.7 million pounds for a 1997 sale in Hong Kong
This house is 12-bedroom house in the prestigious Kensington Palace Gardensr and it has garage space for 20 cars. This manson was sold by former Labour donor, Bernie Ecclestone, the Formula One racing boss, who bought it for his wife three years ago.
The Kensington Palace gardens houses are dubbed “billionaires” row. Nearby are Kensington Palace and the London home of the Sultan of Brunei. According to the Sunday Times Rich List 2004, his worthis an estimated 3.5 billion pounds
Mukut K Saha 
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