Updates on the richest men in India 2020. Students of history will regale you with tales of how India was once a rich and mighty empire. Even though the present tense does not exactly paint a very colorful picture, there are still a few people of very high net-worth and power. These are captains of industry, employers of labor, men who drive the Indian economy through their business interests and connections.
We devote this post to highlighting the men who own the bulk of the wealth in India, we also look at their businesses, and how they have performed in the year under review. Without any further ado, let us now go to the top 10 richest men in India.
Top 10 Richest People In India 2020
1. Mukesh Ambani
Overview: 14th in the world, his net worth is estimated at $57 billion, In the past year, he has grown richer by about $12.7 billion, up by about 28.7%
Mukesh Dhirubhai Ambani is currently India’s biggest billionaire business magnate. He is the chairman, managing director, and largest shareholder of Reliance Industries Ltd., which is a Fortune Global 500 company and India’s biggest company by market value.
2. Azim Premji
Overview: He is number 55 in the world. His net-worth is about $20.1 billion dollars. In the past year, he has grown richer by about $2.8 billion, which is up by 16%.
Azim Hashim Premji is an Indian business tycoon, engineer, investor, and who is also noted for his work as a philanthropist. He is the chairman of Wipro Limited, which is a major IT company in the world. He has gained a reputation as the Czar of the Indian IT Industry. He was born on the 24th of July 1945, in Mumbai, India. Azim Hashim Premji has been the brain behind Wipro for over four decades of diversification and growth, and today the company has emerged as one of the global leaders in the software industry. Azim Premji was voted among the 20 most powerful men in the world by Asiaweek in 2010. Even more notably he has twice been listed among the 100 most influential people by TIME Magazine. He is very much involved in philanthropy.
3. Shiv Nadar
Overview: He is 78th in the world. His net worth is estimated at about $16.1 billion. In the past year, he has grown richer by about $2.5 billion, which is up by 18.4%.
Shiv Nadar is an Indian billionaire industrialist and philanthropist. He was born on 14th July 1945. He made his money in the IT industry and is the founder and chairman of HCL. He is also a notable philanthropist with his work in the Shiv Nadar Foundation. Shiv Nadar established HCL in the mid-1970s and grew the IT hardware company into a leader in the IT industry. In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry.
4. Uday Kotak
Overview: He is 97th in the world. His net worth is estimated at about $14.1 billion. In the past year, he has grown richer by about $2.6 billion, which is up by 22.4%.
Uday Kotak is the biggest man in the Indian banking industry. He was born on the 15th of March 1959. He is the executive vice-chairman and managing director of Kotak Mahindra Bank. Uday Kotak showed promise in the early 1980s, while India was still a closed economy and the economy was stagnant. Uday Kotak decided to start out on his own, turning down a lucrative job offer from a big company. Over the next 20 years, he grew his presence in various areas of financial services, establishing a prominent reputation in bills discounting, stock-broking, investment banking, as well as insurance. He became so successful that he made partnership deals with Goldman Sachs who wanted to invest in the Indian economy.
5. Lakshmi Mittal
Overview: 114th in the world. His net worth is estimated at $12.4 billion. In the past year, he has grown poorer by about $-1.4 billion, which is down by -10.1%.
Lakshmi Niwas Mittal is an Indian billionaire businessman. He was born on the 15th of June 1950. He is a steel magnate, the Czar of the Indian steel industry. He is the chairman and CEO of ArcelorMittal, which the world’s largest steel-making company. He has also diversified his investments by going into sports with an investment in Queens Park Rangers Football Club of England. In 2005, Forbes ranked Mittal as the third-richest person in the world, and in 2015 he was also the “57th-most powerful person” of the 72 individuals named in Forbes’ “Most Powerful People” list. His daughter Vanisha Mittal’s wedding was second-most expensive in recorded history. Mittal has been a member of the board of directors of Goldman Sachs since 2008. He sits on the boards and councils of many investment consortiums too many to mention, and as per philanthropy, he is a member of the board of trustees of the Cleveland Clinic.
6. Radhakishan Damani
Overview: He is 140th in the world. His net worth is estimated at $10.6 billion. In the past year, he has grown richer by about $1.8 billion, which is up by 19.9%.
Radhakishan Damani, is an Indian billionaire businessman. He is the founder of Avenue Supermarts which is India’s biggest retail supermarket chain. He has a bit of mystery about him, as he is always wearing his trademark white shirt and a pair of white trousers, a thing which has earned him the nickname ‘Mr W&W’. Damani is one of India’s most well-known stock investors. He is also known for being an introvert, staying away from public events, and avoiding cameras.
7. Gautam Adani
Overview: He is 150th in the world. His net worth is estimated at $10 billion. In the past year, he has wealth has grown by $2.2 billion, up by 28.9%.
Gautam Shantilal Adani is an Indian billionaire industrialist who was born on the 24th of June 1962. He is the chairman and founder of the Adani Group which is a conglomerate of businesses involved in resources, logistics, energy, agriculture, defense, and aerospace, amongst others. He founded the company in 1988, and today it is primarily led by his wife, Priti Adani. He is also very much into philanthropy which he does through the Adani foundation.
8. Cyrus Poonawalla
Overview: He is 193rd in the world. His net worth is estimated at $8.3 billion. In the past year, his wealth has grown by $0.2 billion, which is up by 2.6%.
Cyrus S. Poonawalla is an Indian businessman and billionaire. He was born in 1941. He is the chairman of Poonawalla Group, which is the holding company controlling other companies like Serum Institute of India, the Indian biotech company that manufactures pediatric vaccines combating various illnesses.
9. Dilip Shanghvi
Overview: He is 216th in the world. His net worth is $7.6 billion. In the past year, his wealth has reduced by $-0.7 billion, which is down by -8%.
Dilip Shanghvi is an Indian billionaire businessman. He was born on the 1st of October 1955. He is the founder of Sun Pharmaceuticals. He is one of the country’s richest people, and also one of the notable citizens. The Government of India awarded him the civilian honour of the Padma Shri in 2016, and India Today magazine ranked him number 8 in India’s most powerful people of 2017.
10. Nusli Wadia
His net- worth is estimated at US$7.1 billion. Nusli Wadia is an Indian-born entrepreneur, businessman, and the chairman of the Wadia Group. He is married to Maureen Wadia, a former air hostess, who is in charge of Gladrags magazine and is an important part of the Mrs. India beauty pageant. He was an independent director of Tata Motors.
That’s all about the richest men in India in 2020.
Tag: Richest People In India 2020, India Richest Person/Man.