And guess what..? ‘Poor’ India has 4 individuals in the top 10 list; 6 in the top 100; And 43 others down the line; bringing the total number of acknowledged Indian billionaires to 53!
The top 10 list includes (the Indians are in italics):
01. Warren Buffet US$ 62 bn
02. Carlos Slim Helu & family US$ 60 bn
03. William (Bill) Gates III US$ 58 bn
04. Lakshmi Mittal US$ 45 bn
05. Mukesh Ambani US$ 43 bn
06. Anil Ambani US$ 42 bn
07. Ingvar Kamprad & family US$ 31 bn
08. KP Singh US$ 30 bn
09. Oleg Deripaska US$ 28 bn
10. Karl Albrecht US$ 27 bn
The top 100 list includes the following Indians:
43. Shashi & Ravi Ruia US$ 15 bn
60. Azim Premji US$ 12.7 bn
64. Sunil Mittal & family US$ 11.8 bn
76. Kumar Mangalam Birla US$ 10.2 bn
86. Ramesh Chandra US$ 9.6 bn
91. Gautam Adani US$ 9.3 bn
These 53 Indians account for a net worth of US$ 334.6 billion, which is around 33% of India’s estimated GDP for 2007-08.
What’s heartening to note is that almost all these Indians in the top 100 are self-made men. They are leaders of companies which are at the forefront, and at the core of India’s economic growth today – in sectors such as steel, real estate, telecom, energy, and information technology.
They are not investors raking in moolah off the efforts of other people, but they are individuals who are working hard themselves, day in and day out, to build their companies and build their country!
What I’d like to have seen is more women in the list. There is just one Indian woman (Savitri Jindal & Family – US$ 8.2 bn) and 98 other women in the list of over a 1000 billionaires worldwide. But making up around 10% of the list today, I’d like to believe, this is just the beginning!
Also read: Asia’s booming billionaires on LiveMint