Bhai is king: Gujaratis are ruling Forbes 40 richest Indians list

Bhai is king: Gujaratis are ruling Forbes 40 richest Indians list
Ahmedabad, DeshGujarat, 14th of November, 2008

Nine out of world’s top forty richest Indians are Gujaratis according to Forbes magazine’s annual list of India’s 40 richest people.

According to the list two out of top three, four out of top ten and seven out of top twenty richest Indians are Gujaratis. This includes the No.1 top position occupied by a Gujarati tycoon Mukesh Dhirubhai Ambani.

1.Mukeshbhai Ambani

Reliance Industries (RIL) chief 51 year old Gujarati Mukesh Ambani has displaced steel czar Lakshmi Mittal as the richest Indian in the world with a net worth of $20.8 billion(Rs 1025.4 billion).

3.Anilbhai Ambani

Mukesh’s younger brother Mumbai based 49 year old Gujarati Anil Ambani has secured second rank in the list with $12.5 billion(Rs 616.25 billion).

7.Azimbhai Premji

Kutchi Gujarati 63 year old Azim Premji ranks seven in the list. Premji owns Bangalore based outsourcing giant Wipro.

10.Gautambhai Adani

Ahmedabad’s 46 year old Gujarati industrialist Gautam Adani ranks 10 this year with a net worth of $3.9 billion(Rs 192.27 billion).To start a trading outfit 20 years ago he dropped out from college. His Adani Enterprises has interests in edible oils, power and infrastructure. He owns Mundra Port, India’s largest port in private sector.

11.Dilipbhai Sanghvi

At 11 rank is 53 year old Gujarati Jain Dilip Sanghvi with a net worth of $3.1 billion(Rs 152.83 billion). Dilip Sanghvi runs Sun Pharmaceutical Industries, India’s most valuable drug-maker, which he founded twenty five years ago. Sun Pharmaceutical has now it’s presence in Europe and the US, through 13 acquisitions in as many years.

18.Cyrusbhai Poonawalla

Pune based 67 year old Parsi Gujarati Cyrus Poonawalla ranks 18 with a net worth of $1.6 billion. He runs Serum Institute of India, one of world’s largest makers of children vaccines. He started on family’s stud farm in 1966. He exports to 140 countries.

19.Udaybhai Kotak

Mumbai based 49 year old Gujarati Uday Kotak ranks 19 with a net worth of $1.55 billion(Rs 76.41 billion). Uday Kotak founded and runs Kotak Mahindra Bank.

33.Tulsibhai Tanti

50 year old Pune based Gujarati Tulsi Tanti ranks 33 with a net worth of $930 million(Rs 45.85 billion). Tanti owns India’s wind power giant Suzlon Energy.

37.Hemantbhai Shah

One of the new entrants in the list Mumbai based 55 year old Gujarati Hemant Shah ranks 37 in the list with a net worth of $830 million(Rs 40.92 billion). Hemant is a civil engineer with a self-developed construction business. Son of a Bollywood film producer, Hemant listed his Akruti City in 2006. He is Partnering with DLF in several projects, including an IT park in Pune.