INDIANS in TOP 200 Richest People of World 2019

To our surprise, there is no woman from in the list representing India. We hope we see Indian women in the Forbes top 200 in the coming years...

By
Pushp Sood

7. Radhakishan Damani & family

ON FORBES LISTS #122 Billionaires 2019
REAL-TIME NET WORTH: $11.4B

Fast Facts:

  • Veteran Mumbai investor Radhakishan Damani became India’s retail king after the March 2017 IPO of his supermarket chain DMart.
  • Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since.
  • Damani also holds stakes in a range of companies, from tobacco firm VST industries to beer maker United Breweries.
  • His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beach-front getaway close to Mumbai.
STATS:
AGE: : 64
SOURCE OF WEALTH: : Investments, retail, Self Made
RESIDENCE: : Mumbai, India
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 3

Do you know:

Damani was a mentor to billionaire investor Rakesh Jhunjhunwala.

Damani was a mentor to billionaire investor Rakesh Jhunjhunwala. Low profile Damani rarely makes appearances at public events and avoids speaking to the press.

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6. Kumar Birla

ON FORBES LISTS #122 Billionaires 2019
REAL-TIME NET WORTH: $11.9B

Fast Facts:

  • Commodities king Kumar Birla is the fourth generation head of the storied, $44.3 billion (revenue) Aditya Birla Group.
  • The group’s interests span cement and aluminum to telecom and financial services.
  • Birla inherited the family empire at age 28 when his father Aditya Birla died in 1995.
    In July 2018, his aluminum unit Novelis agreed to acquire Aleris, an aluminum producer in Ohio, for $2.6 billion.
  • In August 2018, Birla completed the merger between his Idea Cellular and Vodafone India to form Vodafone Idea, India’s largest telecom firm.

STATS:
AGE: : 52
SOURCE OF WEALTH: : commodities
RESIDENCE: : Mumbai, India
NUMBER OF FAMILY MEMBERS: : 1
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 3
EDUCATION: :Bachelor of Arts/Science, University of Bombay; Master of Business Administration, London Business School

We have a last-man-standing philosophy that has helped us weather difficult times. We’ve always been very disciplined. – Kumar Birla

5. Uday Kotak

ON FORBES LISTS #114 Billionaires 2019
REAL-TIME NET WORTH: $14.3B

Fast Facts:

  • 1985 then went on to convert it into a bank in 2003.
  • His Kotak Mahindra Bank is now among India’s top four banks in the private sector, boosted by its 2014 acquisition of ING Bank’s Indian operations.
  • Since its March 2107 launch, Kotak’s 811 digital banking app, which offers zero-balance accounts, has expanded the customer base to 16 million.
  • The Reserve Bank of India did not approve Kotak’s move to issue preference shares to comply with rules to reduce his stake to 20% by December 2018.
  • Kotak is battling the Reserve Bank of India in court over the issue of reducing his stake in the bank.

STATS:
AGE: : 60
SOURCE OF WEALTH: : banking, Self Made
RESIDENCE: : Mumbai, India
NUMBER OF FAMILY MEMBERS: : 1
CITIZENSHIP: : India
MARITAL STATUS: : Married
CHILDREN: : 2
Education

Things change so fast, you can’t afford to be complacent. – Uday Kotak

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