Why Ramoji Rao not in India’s 10 richest people list?

[areyentiraidhi]

India’s 10 richest people

1.

Mukesh Ambani

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Net worth: $90.7 Billion

Source of wealth: Diversified

City: Mumbai

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Ambani, whose fortune was built on oil and gas and petrochemicals, has chalked out a green future for his Reliance Industries with plans to invest $80 billion over 15 years in renewable energy. This includes building a new complex, named after his late father and Reliance founder Dhirubhai Ambani, consisting of four big factories close to the company’s oil refinery in Jamnagar, in western India.

_2.

Gautam Adani

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Net worth: $90 Billion

Source of wealth: Infrastructure

City: Ahmedabad

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Adani’s wealth soared for the second year in a row, partly on rising shares of listed solar power producer Adani Green Energy. The infrastructure tycoon is doubling down on renewables and says he will invest $70 billion to achieve his ambition of becoming the world’s biggest renewable energy producer by 2030.

_3.

Shiv Nadar

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Net worth: $28.7 Billion

Source of wealth: Software Services

City: Delhi

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Tech pioneer who cofounded the $11.2 billion (revenues) HCL Technologies, one of India’s biggest software services providers, is now chairman emeritus and strategic advisor to the board. His daughter, Roshni Nadar Malhotra, chairs the company, which employs 198,000 people across 52 countries.

_4.

Cyrus Poonawalla

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Net worth: $24.3 Billion

Source of wealth: Vaccines

City: Pune

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A major chunk of the 1.8 billion Covid-19 jabs given to Indians so far have been supplied by Poonawalla’s privately held Serum Institute of India, which manufactures the Covishield vaccine under license from AstraZeneca. In recognition of his efforts, the Indian government recently bestowed the Padma Bhushan, one of India’s highest civilian awards, on the vaccine billionaire.

_5.

Radhakishan Damani

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Net worth: $20 Billion

Source of wealth: Retail, Investments

City: Mumbai

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Veteran stock market investor plunged into retailing two decades ago with one grocery store and built it into supermarket chain Avenue Supermarts, which operates 271 D-Mart stores across the country. Damani together with his brother Gopikishan, who’s also a billionaire, reportedly bought a house in south Mumbai last year for more than $100 million.

_6.

Lakshmi Mittal

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Net worth: $17.9 Billion

Source of wealth: Steel

City: London

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An uptick in steel prices boosted the wealth of the executive chairman of ArcelorMittal, the $76.6 billion (revenue) steel giant. The company reported net profit of $15 billion in 2021, as compared to a $733 million loss in the previous year.

_7.

Savitri Jindal

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Net worth: $17.7 Billion

Source of wealth: Steel

City: Hisar

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Jindal, chairperson emeritus of the O.P.Jindal group, a steel and power conglomerate named after her late husband, benefited from rising shares of group companies JSW Steel and JSW Energy, the latter up nearly four-fold since last year. Both companies are run by her Mumbai-based son Sajjan Jindal.

_8.

Kumar Birla

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Net worth: $16.5 Billion

Source of wealth: Commodities

City: Mumbai

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Birla has chaired the $45 billion (revenue) Aditya Birla Group, a sprawling conglomerate named after his late father, since 1995. Last year, Birla stepped down as chairman of debt-strapped, loss-making telecom firm Vodafone Idea, formed by the 2018 merger between his Idea Cellular and Vodafone Group, and reportedly offered to give up his stake to the government. His group’s retail arm recently bought Reebok’s India operations.

_9.

Dilip Shanghvi

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Net worth: $15.6 Billion

Source of wealth: Pharmaceuticals

City: Mumbai

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Shanghvi’s listed Sun Pharmaceuticals is the world’s fourth-largest maker of specialty generic drugs and India’s most valuable pharma company. Sun gets two-thirds of its $4.5 billion revenue from international markets. In March, the company agreed to pay $485 million to settle a long-standing U.S. lawsuit against subsidiary Ranbaxy Laboratories, which was acquired in 2014. Shanghvi, who founded Sun in 1983 to make psychiatric drugs, still runs the company as managing director.

_10.

Uday Kotak

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Net worth: $14.3 Billion

Source of wealth: Banking

City: Mumbai

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India’s richest self-made banker, converted his finance firm into Kotak Mahindra Bank, after securing a banking license 19 years ago. Investors include the Canada Pension Plan Investment Board. Kotak, who was appointed by the government in 2018 as non-executive chairman of debt-strapped lender Infrastructure Leasing & Financial Services, stepped down this April.