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Indians in worlds top 10 richest persons


Posted Date: 12 Mar 2008    Resource Type: Articles/Knowledge Sharing    Category: General

Posted By: Deepu       Member Level: Diamond
Rating:     Points: 5



Forbes has released world’s billionaires list, there are 4 Indians in the top 10. Lakshmi Mittal, Mukesh Ambani and Anil Ambani are 4th, 5th and 6th richest people in the world. DLF’s KP Singh is in 8th position. Bill Gates is no longer worlds richest person, he has slipped into third position. First and second positions are occupied by Warren Buffet and Carlos Slim Helu.

Lakshmi Niwas Mittal:
(born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur village, in the Churu district of Rajasthan, India, and resides in Kensington, London. He is the richest man in Europe and the fourth richest person in the world, with a personal fortune of US$45.0 billion according to Forbes magazine.[2][3]

The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.


Mukesh Ambani ::
(born April 19, 1957 in Yemen) is an Indian businessman and a billionaire. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. [2] His personal stake in Reliance Industries is 48%.[3] His wealth is valued at US$43 billion (according to Forbes), making him the second richest Indian behind steel tycoon Lakshmi Mittal.[4]

Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.

Anil Ambani (born June 4, 1959) is an Indian businessman. As of October 6th 2007, he has a net-worth of US$45 billion, making him the 6th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year. [1] Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.[1]. Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married to Tina Ambani(Munim) who was a well known Indian Actress in early 80's, and with whom he has two sons: Jai Anmol and Jai Anshul.

The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore rupees, while total promoter holding is estimated at about Rs 87,000 crore. Anil's wealth comes mostly from his over 65 per cent stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs 24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in RNRL, which has a market cap of about Rs 2,600 crore.[2].

As of 6th October 2007, his net worth was calculated at $45 billion. [2]

Ambani holds a Bachelor of Science degree from the University of Mumbai and an MBA degree from The Wharton School at the University of Pennsylvania. Currently, he serves as a member of the Wharton Board of Overseers.

Ambani joined Reliance in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point. After which people regarded him as a Financial Wizard[citation needed]. He has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.

Anil was the member of Uttar Pradesh Development Council (This council has now been scrapped) He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar and a member of the Board of Governors of the Indian Institute of Technology, Kanpur. He is member of the Board of Governors, Indian Institute of Management, Ahmedabad. He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha - Upper House, Parliament of India with the support of the Samajwadi Party. In March 2006, he resigned. Recently after his brother Mukesh Ambani he also has his name in the books of Trillionaires.[citation needed]

Anil has been linked with several starlets in his long career including his current wife of more than 15 years. Recently, Anil was linked to Miss Universe Sushmita Sen[citation needed]. He is a close friend of movie star Amitabh Bachchan[citation needed] . One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre.

Kushal Pal Singh
(popularly known as: K.P. Singh) was born on August 15, 1931, at Bulandshahar in Uttar Pradesh. Today he presides over DLF Universal Limited, India’s largest real estate developer.[1] It has an estimated land bank of 10,255 acres (42 km²) with about 3,000 acres (12 km²) being in prime city locations such as Delhi NCR, Chandigarh and Kolkata. In March 2008 he was ranked as the world's 8th richest man.


Kushal Pal Singh, age 76 years is at the helm of DLF. He comes from a family of successful Jat landlords and lawyers. Singh, a Science graduate from Meerut College is an alumnus of the prestigious Indian Military Academy, Dehradun. He served for 9 years in The Deccan Horse - a renowned cavalary regiment of the Indian Army. He left the Indian Army in 1960 to join a family joint venture. Subsequently, he promoted another company, Willard India, for manufacturing industrial batteries in India. In 1961, he joined his father-in-law Chaudhary Raghvendra Singh’s realty business, Delhi Land and Finance. The late Raghvender Singh was no lesser a real estate stalwart having developed 22 colonies in Delhi; South Extension, Greater Kailash and Hauz Khas being the more prominent ones. Following the 1957 Delhi Development Act which made land development a state monopoly; DLF had started to lose steam. Singh moved to Gurgaon which he saw because of its close proximity to Delhi emerging as a potential satellite city and almost single-handedly, converted a rural settlement into the magnificent 10 miles (16 km) wide DLF City, which today stands tall as Asia’s largest private township.




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