List of 9 Richest Indian Billionaires in 2020
These are 9 billionaires in India right now, according to Forbes real-time billionaires on September 2020 —
Mukesh Ambani, founder, and chairman of Reliance Industries retained his title as the richest Indian. The retailing tycoon Radhakishan Damani rose to become India's second-richest person for the first time
Let us have a look at the list of 10 Richest Indian Billionaires in 2020.
1. Mukesh Ambani
Net Worth: $88.8 Billion
Source of Wealth: Petrochemicals, Oil & Gas
Residence: Mumbai, India
Mukesh Ambani is the chairman and managing director of Reliance Industries Limited (RIL). He is not only the richest Indian but also the richest man in Asia
In 2016, the 4G smartphone was launched by Jio under the brand name 'LYF' and it became India's third-largest selling smartphone that year. And later in September, Jio 4G was launched commercially.
2. Gautam Adani
Net Worth: $25.2 Billion
Source of Wealth: Commodities, Ports
Residence: Ahmedabad, India
He was born on 24 June, 1962 at Ratanpol, Ahemdabad. He controls Mundra Port which is India's largest, in his home state of Gujarat. His revenue that is around $13 billion Adani Group's interests include power generation, and transmission, edible oil, real estate, and defence. Adani's assets overseas include Australia's Abbot Point port and the Carmichael coal mine, billed as one of the largest in the world.
3. Shiv Nadar
Net Worth: $20.2 Billion
Source of Wealth: Software Services
Residence: Delhi, India
He was born on 14 July, 1945 at Tiruchendur, Tamil Nadu. His father was Sivasubramaniya and mother Vamasundari Devi. He completed his graduation from the American College, Madurai, and degree in Electrical and Electronics Engineering from PSG College of Technology.
In 1967, he started his career at Walchand Group's Cooper Engineering in Pune. An IT pioneer cofounded HCL in a garage in 1976 to make calculators and microprocessors.
Today he chairs HCL Technologies which is one of India's largest software services providers. HCL technologies in December 2018 bought some software products from IBM for $ 1.8 billion.
4. Radhakishan Damani
Net Worth: $15.4 Billion
Source of Wealth: Retail, Investments
Residence: Mumbai, India
He was born in 1954 in Bikaner, Rajasthan. He is famous as an investor and Entrepreneur. In 2002, he got in to retailing with one store in Suburban Mumbai and has been unstoppable since.
5. Cyrus Poonawalla
Net Worth: $11.5 Billion
Source of Wealth: Vaccines
Residence: Pune, India
He is a chairman of Poonawalla Group which consists of privately owned Serum Institute of India, India's top biotech company, and the world's largest vaccine manufacturer by the number of doses produced and sold globally. Dr. Poonawalla founded Serum Institute in 1966. It launched its first therapeutic anti-tetanus serum within two years and began producing anti-tetanus vaccines.
6. Uday Kotak
Net Worth: $11.3 Billion
Source of Wealth: Banking
Residence: Mumbai, India
He was born on 15 March, 1959 in Mumbai, India. He obtained his Bachelor's Degree from Sydenham College and did post-graduation in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies. He married in 1985 to Pallavi Kotak and the couple has two children. Soon after his graduation, he entered into the finance business.
7. Kumar Birla
Net Worth: $7.6 Billion
Source of Wealth: Commodities
Residence: Mumbai, India
He is the Chairman of the Aditya Birla Group and his full name is Kumar Mangalam Birla. At the age of 28, he took over as Chairman of the Group in 1995, after the untimely demise of his father. The interest of the group spans cement and aluminium to telecom and financial services. The European Commission in October 2019 approved the $2.6 billion acquisition by his Novelis of Aleris, an aluminium producer in Ohio. In 2018, his telecom firm Vodaphone Idea was formed by the merger between his Idea Cellular and Vodaphone India.
8. Lakshmi Mittal
Net Worth: $7.4 Billion
Source of Wealth: Steel
Residence: London, UK
He was born on 15 June, 1950 at Sadulpur, Rajasthan, India. He is an Indian Businessman and chairman and CEO of Arcelor Mittal which is the world's largest steelmaking company. His family in 1960 moved to Calcutta (Kolkata), where his father operated a steel mill. While studying science at St. Xavier's Colege he worked at the mill. In 1970 he graduated and served as a trainee at the mill. He opened his own steel mill in Indonesia in 1976.
9. (tie) Azim Premji
Net Worth: $6.1 Billion
Source of Wealth: Software Services
Residence: Bangalore, India
He was born on 24 July, 1945, Bombay (now Mumbai), India. He is an Indian business entrepreneur and chairman of Wipro Limited. When he was about to complete his degree in engineering at Stanford University in 1966, his father died unexpectedly. He postpone his graduation and returned to India to take the reins of the family business. He began to diversify, delving into consumer products like soap, shoes, lightbulbs, and also hydraulic cylinders. ,
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