Saturday, March 6, 2021

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Who Are India’s Poorest Billionaires and Richest Women?

Mukesh Ambani continues to hold the top position in the list of richest Indians for 13 years with a net worth of $88.7 Billion as per Forbes list of India’s Richest 2020.

Kiran Mazumdar Shaw Is Heavy On Mukesh Ambani; Kiran's Net Wealth Increased 21% More Than Ambani's In Last One Year
File Image: Kiran Mazumdar Shaw & Mukesh Ambani

Ambani, who chairs and runs the Reliance Industries, has added $37.3 billion to his fortune, a rise of 73%, in the pandemic. Ambani is followed by Gautam Adani and Shiv Nadar to be ranked as India’s second and third richest persons.

The Forbes list of India’s richest names 100 billionaires from the country, half of which saw gains even amid the pandemic. While the names of those topping the list are known worldwide, here are those who sit on the bottom of the list with their billions of fortunes:

Poorest Indian Billionaires

  1. R.G. Chandramogan, owner of Hatsun Agro Product – India’s largest private dairy company by sales, with a net worth $1.33Billion holds 100th position in the list of India’s richest. His net worth has decreased since March 2918, which was $1.4 Billion.
  2. At the 99th spot is Arun Bharat Ram, chairman of $1.1 billion (revenue) SRF, a maker of specialty chemicals and packaging film. Ram is known as a leader in scientific innovation, product development, and manufacturing.
  3. The $1.35 Billion sanitary ware company Jaquar’s Rajesh Mehra is at number 98. Originally started by Mehra’s father in the 1960s, Jaquar has established itself as a brand but has seen a dip in net worth this year, from last year’s $1.5 Billion.
  4. Premchand Godha, who chairs generics firm Ipca Labs, has a net worth of $1.36 Billion. The company’s share witnessed a jump this year with a higher demand for anti-malaria drug hydroxychloroquine, which is being used to treat Covid-19.
  5. Chairman and founder of Aarti Group of Industries (chemical manufacturing enterprise), Chandrakant Gogri’s net worth is $1.39 Billion. He shares the fortune with his brother Rajendra Gogri, a U.S.-trained chemical engineer.

Women Billionaires

Among the 100 billionaires includes the five wealthiest women of India. Four of the five women saw their wealth increase this year despite the pandemic.

  1. At number 19 is OP Jindal Group’s Savitri Jindal with a net worth of $6.6 Billion. With ventures in the steel, power, cement, and infrastructure industries, Savitri Jindal’s wealth has risen from $5.8 billion to $6.6 billion in 2020, which is almost $0.8 billion or 13.8% higher than it was in 2019.
  2. Kiran Mazumdar-Shaw of Biocon holds 27th rank and is the richest self-made woman in the country. The company is the first one to ever get a nod for two separate biosimilar drugs for cancer treatment by the USFDA. This year, she added $2.22 billion to her wealth, taking her net worth from $2.38 billion in 2019 to $4.6 billion in 2020.
  3. Along with her son, Vinod Rai Gupta of Havells India holds a 40% stake in the company. While she holds rank 40 in the richest list, her net worth declined this year from $4 billion in 2019 to $3.55 billion in 2020.
  4. Fourth richest woman and 47th richest person in India, Leena Tewari is the heir of the pharma giant USV India. Tewari’s net worth has increased this year by 56.25% from her $1.92 billion last year.
  5. Mallika Srinivasan is the chairperson and CEO of Tractors and Farm Equipment Limited (TAFE, which is the world’s third-largest tractor maker by volume. Her Amalgamations Group Family has a net worth of $2.45 billion, which has increased from last year’s $2.1 Billion in 2019.

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