Meet the 25 New Indian Billionaires on Forbes' World's Billionaires List 2024!

-

Forbes Unveils 2024 'World's Billionaires' List: Indian Representation Surges

In its latest release on Wednesday, Forbes showcased its 2024 'World's Billionaires' list, signaling a notable surge in the number of Indian billionaires. The roster now includes 25 debutants from India, contributing to a total of 200 individuals from the country, a significant leap from the 169 featured last year. Collectively, these Indian billionaires have amassed a staggering $954 billion, marking a remarkable 41% increase from the previous year's total wealth of $675 billion held by 169 billionaires.

Among the notable newcomers, Renuka Jagtiani stands out with a net worth of $4.8 billion, serving as both the chairperson and CEO of Landmark Group, a multinational consumer conglomerate headquartered in Dubai. Naresh Trehan, founder and chairman of the Medanta hospital chain, boasts a net worth of $1.4 billion.

Onkar Kanwar, chairman at Apollo Tyres, holds a net worth of $1.4 billion, while Kabir Mulchandani, proprietor of FIVE Holdings, a Dubai-based real estate firm known for its luxury party hotels and resorts, possesses a net worth of $2 billion.

The list also introduces a diverse range of newcomers representing various industries and endeavors, including Ajay Jaisinghani, Anil Gupta, Ramesh Kunhikannan, Mahaveer Prasad Taparia, Vijay Agarwal, Girdhari Jaisinghani, Motilal Oswal, Kalpana Parekh, Lalit Khaitan, Nikhil Merchant, Pradeep Rathod, Shivratan Taparia, Irfan Razack, Shashishekar Pandit, Subbamma Jasti, Noaman Razack, Rezwan Razack, Shivratan Agarwal, Ramesh Jaisinghani, Alpana Dangi, and Naresh Jain.

Meanwhile, Mukesh Ambani, chairman of Reliance Industries, maintains his position as India's wealthiest individual with a staggering net worth of $116 billion. Notably, Ambani became the first Asian to enter the esteemed $100-billion club and ranks ninth globally in terms of wealth.

Following closely, Gautam Adani secures the second position among Indian billionaires with a net worth of $84 billion, while Shiv Nadar holds the third spot with a net worth of $36.9 billion.

Comments

Post a Comment

Best Blogs

IB Interview Questions: M&A : Level 1 M&A Questions

-
Image
1. Why do companies merge? While are many reasons that companies merge the underlying driver of most M&A deals to expedite growth and/or generate cost savings to create value for the owners of the business. When people say that M&A is an ‘art’ and a ‘science’, what does that mean? The science refers to the mechanical valuation methods (Comps, DCF, etc.), but the art is in making a judgment call on valuation based on the outputs of the various valuation methodologies. 2. Who can pay more when buying a company: a Financial buyer or Strategic buyer? Why? Strategic (i.e. corporate) buyers can typically pay more than Financial (i.e. Private Equity) buyers because strategic buyers typically have overlapping operations that can be removed post-merger to generate cost savings (i.e. Synergies). 3. When are sponsors and corporate buyers on equal footing? When a Financial buyer already owns a competing asset, they can generate synergies (which justifies a higher price) and thus are on mor...
Read more

Getting into Investment Banking: A Comprehensive Guide

-
Image
Introduction Breaking into investment banking (IB) is no small feat, whether you're pre-MBA or post-MBA, from a target or non-target school. While high GPAs and test scores are standard, they are often not enough to stand out. Here’s a strategic approach to help you embark on a successful investment banking career. 1. Network Extensively When your application lands at an investment bank, it’s usually reviewed by a small team of bankers responsible for recruiting from specific schools. Given the competitive nature of this field, networking is crucial. Why Networking Matters: Decision-making bankers are more likely to advocate for you if they know you. Especially vital for non-target school students. Engage with alumni and other connections at your target firms. How to Network: Start reaching out to analysts and associates a few months before core recruiting starts. Look for non-target alumni if you're from a non-target school; they often help each other out. Demonstrate Interest...
Read more