This article seeks to give the current top 10 richest Indian 2017. This ranking has been broadened to include family fortunes. For instance, Tulsi Tanti’s $10 billion fortune represents his family’s entire 70% stake in Suzlon Energy, not his 29% stake that’s reflected in the billionaire rankings. Net worths were calculated using Nov. 2 market prices and exchange rates. Privately held companies were valued by comparing them with similar publicly traded companies.
Here is the list of the top 10 richest Indian 2017
10. Tulsi Tanti
$10 billion/Pune
49 years. Married, 2 children
India’s wind man runs Suzlon Energy, world’s most valuable wind power company, which he founded with 3 brothers in 1995. In March won hotly contested race to acquire German rival REpower.
9. Kumar Birla
$11 billion/Mumbai
40. Married, 3 children
Inherited commodities conglomerate Aditya Birla Group from late father 12 years ago. Expanded into financial services, telecom, retail. Acquired North American aluminum maker Novelis for over $6 billion in May. Listed Idea Cellular in March; now in court battling former partner Tata Group. Birla bought Mumbai school.
8. Ramesh Chandra
$11.6 billion/Delhi
68. Married, 2 children
Structural engineer moved into real estate in 1985 to build middle-class homes. His publicly traded Unitech, run by his 2 sons, is building 350-acre community of luxury homes in Delhi suburb with Greg Norman signature golf course. Partnering with Indonesia’s Salim Group to set up special economic zones.
7. Shashi & Ravi Ruia
$12 billion/Mumbai
63. Married, 2 children
58. Married, 2 children
Brothers run $5.8 billion (sales) Essar Group, with interests in construction, shipping, power, oil and gas. BecameVodafone ‘s partner in India this year in $19.9 billion deal. Own 33% of newly named Vodafone Essar; Ravi is chair. Extended steel business into North America with acquisitions of Minnesota Steel and Canada’s Algoma Steel.
6. Sunil Mittal
$12.5 billion/Delhi
50. Married, 3 children
Derives fortune from Bharti Airtel, which he cofounded with 2 brothers and built into country’s largest mobile phone operator, with 50 million customers. Also has interests in insurance with Axa ; fruits, vegetables with Del Monte Pacific and the Rothschild family; retail venture withWal-Mart.
5. Azim Premji
$14.8 billion/Bangalore
62. Married, 2 children
Runs technology giant Wipro , which gets 80% of its $3.5 billion sales overseas. Stock hit lately by appreciating rupee. Unfazed, acquired outsourcing firm Infocrossing ; bought Southeast Asian personal care products outfit Unza; opened software development center in Mexico. Son Rishad, Harvard Business School grad, started at Wipro in July, setting off speculation about succession plans.
4. Kushal Pal Singh
$35 billion/Delhi
76. Married, 3 children
Inherited real estate developer DLF from father-in-law, built it into India’s largest. DLF’s much delayed offering took place in June; stock up 60% since, making him world’s richest real estate baron. Son Rajiv, daughter Pia oversee daily operations.
3. Anil Ambani
$45 billion/Mumbai
48. Married, 2 children
Biggest asset is 66% stake in telecom venture Reliance Communications. Other interests include India’s largest mutual fund. Still feuding with Mukesh: since 2005 split, has taken him to court. Recent ruling gives brothers 4 months to renegotiate a gas-supply agreement. Complained to stock market regulator that Reliance Industries was trying to sabotage his proposed listing of Reliance Power.
2. Mukesh Ambani
$49 billion/Mumbai
50. Married, 3 children
India’s richest resident derives much of fortune from petrochemicals giant Reliance Industries, founded by late father, Dhirubhai, now India’s most valuable company, with $100 billion market cap. Stock on tear since split with brother Anil and listing of oil-refining subsidiary Reliance Petroleum. Building a 27-story home.
1. Lakshmi Mittal
$51 billion/London
57. Married, 2 children
Asia’s richest man celebrated merger between his Mittal Steel and Arcelor in September, with party for 100 bankers, advisers. Called it Mittal’s 111. ArcelorMittal, which he heads, is world’s largest steelmaker with $90 billion in sales.