India is the home of a lot of billionaires. In Mumbai only; we count 26 billionaires in dollars! Here are the 10 richest men in India :
1- Mukesh Ambani, $23.6 Billion – 57 years old
Mukesh Ambani (born on 19 April 1957) has business ventures in petrochemicals manufacturing, oil and gas production, and now wireless sectors, the sum of which have landed him as the richest person in India for eight years running. His Reliance Industries, founded by his father, which owns the prized KG-D6 offshore natural gas field, got a reprieve when the federal government finally approved a long-pending gas price increase. In May, Reliance paid $655 million for media outfit Network18, which owns, among much else, television channels CNBC Tv18 and CNN-iBN, and publishes Forbes India. In October, Prime Minister Narendra Modi inaugurated Ambani's Reliance Foundation's new hospital in Mumbai, ending rumours about Ambani's waning clout in New Delhi.
Personal Life
Mukesh is married to Nita Ambani and has two sons, Anant and Akash, and a daughter, Isha. They live in a private 27-story building in Mumbai named Antilia valued at US$1 billion and it is said to be the most expensive home in history.
Mukesh loves showering family members with love and affection. On the occasion of one of her birthdays, Nita Ambani received a jet plane worth 62 million dollars.
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| Mukesh Ambani with wife Nita Ambani and sons Anant and Akash Ambani |
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| Akash Ambani, youngest son of Mukesh Ambani |
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| Isha Ambani, daughter of Mukesh Ambani |
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| House of Mukesh Ambani in Mumbai |
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, India’s most valuable drug company (market cap: $27 billion), becomes the country's second-richest person, overtaking steel tycoon Lakshmi Mittal.
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| Dilip Shanghvi |
3- Azim Premji, $16.4 Billion – 69
Tech tycoon Azim Premji's Wipro, the country's third-largest outsourcer, reported a 30% jump in net profits to $351 million in the last quarter. Son Rishad, who heads strategy, has been orchestrating some big moves, notably a $195 million acquisition of ATCo i-Tek, the IT services arm of Canada's ATCo. In July Wipro set up a $100 million venture capital fund. Premji's private investment arm has stakes in e-tailer Myntra-now part of Flipkart, which is india's Amazon.com and e-commerce company Snapdeal.
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| Azim Premji |
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| Rishad Premji, son of Azim Premji |
Construction patriarch Pallonji Mistry who chairs Shapoorji Pallonji Group got a $3.4 billion boost this year. That's thanks to the rising value of his 18.4% stake in Tata Sons, holding company for the $103 billion (revenue) Tata Group, whose chairman is his younger son Cyrus. Tata's star performer is Tata Consultancy Services, now India's most valuable company, with a market cap of $83 billion. Net profits at auto flagship Tata motors, whose chief executive committed suicide in February, tripled in the latest quarter to $885 million.
Personal Life
Within the Tata Group Pallonji is known as the Phantom of Bombay House for the quiet but assured way he commands power around the south Mumbai headquarters of the Tata Empire.
In 2003, he became an Irish citizen "on the basis of his marriage to an Irish born national", Pat (Patsy) Perin Dubash, who was born in September 1939 in Hatch Street Nursing House in Dublin. He gave up his Indian Citizenship as the Indian Government currently does not allow dual citizenship, though he remains resident in Mumbai. He owns a stake in the Taj Mahal Hotel which was attacked by terrorists in 2008. The family's interest in Ireland is compounded by their love of horses. They own a 200 acres (0.81 km2) stud farm in Pune, India. Mistry also owns a 10,000-square-foot (930 m2) home in Pune.
He has two sons – Shapoor and Cyrus Pallonji Mistry and two daughters – Laila and Aloo. His son, Shapoor Mistry is married to Behroze Sethna the daughter of lawyer Rusi Sethna. The second son, Cyrus Pallonji Mistry, is married to Rohika Chagla the daughter of lawyer Iqbal Chagla. His daughter, Laila, is married to Rustom Jehangir and his daughter, Aloo, is married to Noel Tata, the half-brother of Ratan Tata. His son-in-law, Noel Tata, is the CEO of the retail arm of the Tata Group. His son, Cyrus Pallonji Mistry succeeded Ratan Tata to become chairman of the $100 billion Tata Group.
Mysterious Suicide of Karl Slym, Managing Director of Tata Motors
Karl Slym, managing director of Tata Motors, died in Bangkok under mysterious circumstances.
51-year-old Slym's body was found by the staff of a five-star hotel on the balcony of the fourth floor after plunging from the 22nd floor. He was in Bangkok to attend a meeting of the Board of Directors of the Thai subsidiary of his company.
Police have found an apparent suicide note at the scene which has been sent for analysis to confirm that it was written by Slym. "Initially, we can only assume that he committed suicide," a police officer said.
The hand-written note was reportedly found in the room which Slym and his wife of 30 years had checked into. Slym was leading Tata Motors at a time when the auto industry was grappling with prolonged slowdown.
Expressing condolences at the sudden demise, Tata Motors chairman Cyrus P Mistry yesterday said: "Karl (Slym) joined us in October 2012, and was a valued colleague who was providing strong leadership at a challenging time for the Indian auto industry. In this hour of grief, our thoughts are with Karl's wife and family."
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| Pallonji Mistry |
Despite mixed fortunes lately, tycoon Lakshmi Mittal, CEO and chair of ArcelorMittal (revenues: $79 billion), remains the world's biggest steelmaker. In 2007, Mittal was the richest man of Asian descent in the United Kingdom. Despite being the eighth wealthiest man in Britain in 2002, he does not hold British citizenship.
Personal Life
His residence at 18-19 Kensington Palace Gardens—which was purchased from Formula One boss Bernie Ecclestone in 2004 for £67 million (US$128 million)—made it the world's most expensive house at the time. The house is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been referred to as the "Taj Mittal". It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars.He is a vegetarian.
Mittal bought No. 9A Palace Greens, Kensington Gardens, formerly the Philippines Embassy, for £70 million in 2008 for his daughter Vanisha Mittal who is married to Amit Bhatia, a businessman and philanthropist. Being a vegetarian, Mittal threw a lavish "vegetarian reception" for Vanisha in the Palace of Versailles, France.
Mittal owns three prime properties collectively worth £500 million on "Billionaire's Row" at Kensington Palace Gardens.
In 2005 he also bought a colonial bungalow for $30 million at No. 22, Aurangzeb Road, New Delhi the most exclusive street in India, occupied by embassies and millionaires, and rebuilt it as a house.
In December 2013, Mittal's niece got married in a three day celebration that it is reported brought Barcelona to a standstill and cost up to £50m. An army of 200 butlers, cooks and secretaries were reportedly flown into Spain from India and Thailand while the 500 guests were made to sign confidentiality agreements.
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| Lakshmi Mittal and Son Aditya Mittal |
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| Lakshmi Mittal's daughter Vanisha with his son in law Amit Bhatia |
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