4. Lakshmi Mittal
ON FORBES LISTS #91 Billionaires 2019
REAL-TIME NET WORTH: $11.5B
Fast Facts:
- Lakshmi Mittal serves as chairman and CEO of ArcelorMittal, the world’s biggest steelmaker.
- Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France’s Arcelor in 2006.
- Benefiting from an uptick in steel, the company reported double-digit growth in net profit to $5.1 billion in 2018 on revenue of $76 billion.
- ArcelorMittal completed the $2.1 billion acquisition of Italy’s loss-making steel group Ilva in November 2018.
- In 2018, his $5.9 billion bid for bankrupt Essar Steel, once controlled by billionaires Shashi and Ravi Ruia, was accepted by Essar’s creditors.
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| STATS: | |||
| AGE: | : | 69 | |
| SOURCE OF WEALTH: | : | Steel | |
| RESIDENCE: | : | London, United Kingdom | |
| CITIZENSHIP: | : | India | |
| MARITAL STATUS: | : | Married | |
| CHILDREN: | : | 2 | |
| EDUCATION: | : | Bachelor of Arts/Science, St Xavier’s College Calcutta |
Do you know:
Mittal has held a board seat at Goldman Sachs since 2008.
Lakshmi Mittal has held a board seat at Goldman Sachs since 2008. Mittal has received the Padma Vibhushan, India’s second-highest civilian honor, and a Forbes Lifetime Achievement Award.
3. Shiv Nadar
ON FORBES LISTS #82 Billionaires 2019
REAL-TIME NET WORTH: $14.4B
Fast Facts:
- Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors.
- Today, he chairs HCL Technologies, an $8.2 billion (revenue) company that is India’s fourth-largest software services provider.
- In December 2018, HCL Technologies agreed to buy some software products from IBM for $1.8 billion.
- HCL Technologies, which employs close to 128,000 people worldwide, hires high school grads and trains them on the job.
- One of India’s leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.
| STATS: | |||
| AGE: | : | 74 | |
| SOURCE OF WEALTH: | : | Software services, Self Made | |
| RESIDENCE: | : | Delhi, India | |
| CITIZENSHIP: | : | India | |
| MARITAL STATUS: | : | Married | |
| CHILDREN: | : | 1 | |
| EDUCATION: | : | Bachelor of Arts/Science, PSG College of Technology |
I came from a rural background, but I did all right. – Shiv Nadar
2. Azim Premji
ON FORBES LISTS #36 Billionaires 2019
REAL-TIME NET WORTH: $5.1B
Fast Facts:
- Indian tech magnate Azim Premji’s $8.4 billion (revenue) Wipro is India’s third-largest outsourcer.
- Premji gave up studies at Stanford in 1966 to look after the family’s cooking oil business when his father died, expanding it into the software.
- Wipro has an innovation center in Silicon Valley, which is focused on developing new technologies and collaborating with startups.
- Premji’s son Rishad, who heads strategy and sits on the board, also chairs industry lobby group NASSCOM.
- In September 2018, Wipro won a landmark $1.6 billion,10-year contract from Alight Solutions of Illinois.
| STATS: | |||
| AGE: | : | 73 | |
| SOURCE OF WEALTH: | : | Software Service | |
| RESIDENCE: | : | Bangalore, India | |
| NUMBER OF FAMILY MEMBERS: | : | 3 | |
| CITIZENSHIP: | : | India | |
| MARITAL STATUS: | : | Married | |
| CHILDREN: | : | 2 | |
| Education | : | Bachelor of Arts/Science, Stanford University |
Do you know:
Premji is among the world’s most generous billionaires, having given away $21 billion to his charitable foundation.
His private investment arm, PremjiInvest, has stakes in companies such as fellow billionaire Harsh Mariwala’s Marico.
