Rich List: India, 2014: Hurun

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Contents

2014, Feb: The Hurun Global Rich List 2014 and India

Sources: Hurun Hurun

Highlights

i) India ranks #5 on the Global Rich List with 89 billionaires.

ii) The cumulative worth of Indian billionaires is INR17,33,400 Cr.

iii) Mukesh Ambani of Reliance Industries continues to be the richest Indian with a net worth of INR1,11,800 Cr.

iv) Savitri Jindal, 64 of Jindal Steel and Power is the richest woman in India.

v) Glenn Saldana of Glenmark Pharaceuticals and Nirav Modi of Firestar International are the youngest Indian billionaires at 44.

vi) 15 Indian billionaires now reside outside of India, making India the top country to emigrate out of, followed by US billionaires, several of whom have moved out for tax reasons.

vii) Nepal was the only other South Asian country to find a place on this list of 'dollow billionaires.'

viii) USA And China Dominate with 481 And 358 Billionaires Respectively, Making Up Half The Hurun List. Russia, Uk And India Follow.

ix) US Most Attractive Country For Immigrant Billionaires with 42. China And India Top Countries Producing Billionaires, Which Have Migrated Out, With 99 And 15 Respectively.


Details

On 25 February 2014 Hurun Report today released in Beijing, China the Hurun Global Rich List 2014, a ranking of the US dollar billionaires currently found in the world. Wealth calculations are a snapshot of 17 January 2014. These are the notes on billionaires from India and should be used in context with the Hurun Global Rich List 2014. For any discrepancies in these notes with the Global Rich List, the Global Rich List should prevail.

India ranks #5 on the Global Rich List with 89 billionaires, of which 70 currently reside in India while the rest have migrated to other countries. The billionaire’s considered for the list include those who currently reside in India or are of Indian origin. The cumulative worth of Indian billionaires is INR17,33,400 Cr. The average net worth of India’s richest is INR18,600 Cr; INR6,200 Cr less than the global average. The preferred sectors are manufacturing, TMT and real estate. The sector that rewarded its investors the most was pharma which saw the billionaires invested in it increase their wealth by an average 25%. The average age of the India’s billionaires at 65 is one year older than the average age of the global billionaires. It is very interesting to note that 60% of India’s billionaires are self made.

Mukesh Ambani continues his reign as the richest person in India with a net worth of INR1,11,800 Cr, despite going through a relatively bad year with Reliance Industries stock falling 5% ,combined with rupee depreciating. His wealth came down by INR18,600 Cr in comparison to last year. He dropped 14 positions in the Hurun Global Rich List coming down from #27 to #41.

Lakshmi N Mittal retains his number two position with a net worth of INR1,05,600 Cr. He slipped 13 positions and is currently the 49th richest person in the world. His stock in ArcelorMittal dropped 6% bringing down his wealth by INR6,200 Cr. Lakshmi Mittal is one of the few billionaires who is featured on the top three position of two separate country rich lists - UK and India. Though currently residing in UK, Mittal is of Indian origin therefore shows up as the second richest man in India as well.

Dilip Sanghvi of Sun Pharma had a good year with Sun Pharma stocks going up by 52%. His wealth saw an increase of INR31,100 Cr making him the third richest in India with a personal wealth of INR83,900 Cr along with Azim Premji of Wipro.

Savitri Jindal, 64 of Jindal Steel and Power is the richest woman in India with a net worth of INR32,900 Cr followed by Indu Jain of Bennett Coleman with INR14,300 Cr and Malika Srinivasan of Tafe, who is a new entrant to the list with a net worth of INR6,800 Cr, taking the number of Indian women in the Global Rich List to three.

Glenn Saldana(INR8,100 Cr, rank 1459) of Glenmark Pharmaceuticals at 44 years of age ties for the position of youngest Indian billionaire on the list with Nirav Modi(INR6,200 Cr, rank 1752) of Firestar International, a world famous name in the diamond jewellery industry.

Brijmohan Lall Munjal & Family of Hero MotoCorp is the oldest Indian billionaire at 91 years with a net worth of INR23,600 Cr ,ranking 437 in the world.

There are 25 notable newcomers to the list led by Rishad Nawroji of Godrej with a net worth of INR13,000 Cr, rank 901.

The report said that during the past year the Indian rupee weakened 12 per cent against the US dollar, making it harder for Indians to make the cut-off.

Despite the currency fluctuations, India has improved its position over last year. In the 2014 Hurun global rich list, the country is ranked fifth with 70 billionaires, 17 more than 2013.

Ukrainian-born Leonard Blavatnik and India-born Lakshmi Mittal are the richest people living in the UK.

India: Up one place to No 5 with 70 billionaires, 17 more than 2013. Manufacturing, pharma and TMT are the preferred sectors with 17, 12 and 10 billionaires respectively. Combined wealth of the Indians billionaires comes to US$390bn. Mumbai is headquarters to most of the Indian billionaires.

Mukesh Ambani (US$18bn, rank 41) is the richest Indian. 15 Indians live outside of India, the highest proportion of any country. This past year, the Indian Rupee weakened by 12% against the US Dollar, making it harder for Indians to make the cut-off.

The US has the most number of TMT [Technology, Media and Telecoms] billionaires, followed by China. It is interesting to note that a technology hub like India does not have a TMT billionaire on the Hurun Global Rich List 2014.

Best Performing Industries by Country:

Country | Best performing Industry |Average growth of billionaires for that industry in that country

India | Airlines | 55%

Currency fluctuations against the US Dollar –

Country | % Drop in Currency Vs the US Dollar |Change in average wealth of billionaires from each country

India | 11% | -12%

The Indian rupee was the eighth worst performer among the countries that have dollar billionaires

The seven major countries whose currencies depreciated more than India’s were: Argentina 25%, Indonesia 20% ,Turkey 19%, South Africa 18%, Australia 15%, Japan 15% and Brazil 15%.

The vast majority of India’s billionaires are self-made

60% of India’s billionaires are self-made. Among the notables are Lakshmi N Mittal of ArcelorMittal, Shiv Nadar of HCL Technologie, Sunil Mittal of Bharti Airtel and Dr. Cyrus S Poonawala of Serum Institute. It is worth noting that Dr. Poonawala’s privately held Serum Institute generates profits in excess of IN1,700 Cr annually, sells world’s cheapest vaccines. Were his vaccines to be marked up to market prices his contribution to philanthropy would be quite significant.

The biggest gainers of 2014 amongst Indians in the rich list are Dilip Sanghvi and Shiv Nadar, each adding INR31,100 Cr to their wealth from 2013. Shiv Nadar’s HCL Technologies has gone up in excess of 100% in the past year. KP Singh of DLF has recorded the biggest loss of wealth having lost INR18,600 Cr owing to a 48% drop in the stock prices of DLF bringing him down from #236 to #412 in the Global Rich List.

Of India’s 89 billionaires 61 have their wealth associated with publicly traded companies while 28 are still privately held.


2014: The complete Hurun Rich list of Indian billionaires

 

India Rank

Global Rank

Name

Net worth INR Cr

Net worth USD Bn

% Change in USD net worth

Source

Country of Residence

Brought up country

1

41↓

Mukesh Ambani

1,11,800

18

-12.2%

Reliance Industries

India

India

2

49↓

Lakshmi N Mittal

1,05,600

17

-5.6%

ArcelorMittal

UK

India

3

77↑

Dilip Shanghvi

83,900

14

53.4%

Sun Pharma

India

India

3

77↑

Azim Premji

83,900

14

28.6%

Wipro

India

India

5

93↑

Pallonji Mistry

74,600

12

53.8%

Tata Sons

India

India

5

93↓

SP Hinduja & family

74,600

12

-7.7%

Hinduja Group

UK

 

7

105↑

Shiv Nadar

68,300

11

71.9%

Hcl

India

India

8

170↓

Kumar Birla

47,200

8

0.0%

Aditya Birla

India

India

9

202↓

Sunil Mittal & family

42,200

7

-16.0%

Bharti Airtel

India

India

10

223↓

Anil Ambani

39,800

6

12.3%

Reliance Capital

India

India

11

261↑

Dr Cyrus S Poonawalla

34,800

6

124.0%

Serum Institute

India

India

12

281↓

Savitri Jindal & family

32,900

5

-15.9%

Jindal Steel & Power

India

India

13

290↑

Micky Jagtiani

32,300

5

26.8%

Landmark Group

UAE

India

14

307*

David Reuben

31,100

5

11.1%

Global Switch

UK

India

14

307*

Simon Reuben

31,100

5

11.1%

Global Switch

UK

India

16

356↓

Uday Kotak

28,000

5

4.7%

Kotak Mahindra

India

India

17

392*

Jamshyd Godrej

26,100

4

50.0%

Godrej

India

 

17

392↓

Adi Godrej

26,100

4

-39.1%

Godrej

India

India

19

412↓

KP Singh

24,900

4

-39.4%

DLF

India

India

20

437↓

Brijmohan Lall Munjal & family

23,600

4

5.6%

Hero Moto Corp

India

Pakistan

20

437↓

Gautam Adani

23,600

4

-9.5%

Adani Enterprise

India

India

22

514↑

Desh Bandhu Gupta

20,500

3

37.5%

Lupin

India

 

23

569↓

Rahul Bajaj

18,600

3

-14.3%

Bajaj Auto

India

India

24

623*

Ravi Ruia

17,400

3

-31.7%

Essar

India

 

24

623*

Shashi Ruia

17,400

3

-31.7%

Essar

India

 

24

623↓

Subhash Chandra

17,400

3

-9.7%

Zee Entertainment

India

India

27

652↓

Anil Agarwal

16,800

3

-12.9%

Vedanta Resource

UK

India

28

717↑

Prakash Lohia

15,500

3

92.3%

Indorama Ventures

UK

India

28

717↓

Romesh T Wadhwani

15,500

3

8.7%

Symphony Technology

USA

India

30

761↓

Pankaj Patel

14,900

2

-7.7%

Cadila Healthcare

India

India

31

796↑

Indu Jain

14,300

2

43.8%

Bennett Coleman

India

 

31

796↓

Ajay Kalsi

14,300

2

9.5%

Indus Gas

India

India

31

796↓

Yusuf Hamied

14,300

2

0.0%

Cipla

India

India

31

796↓

Kalanithi Maran

14,300

2

-23.3%

Sun Network

India

India

35

853↓

Kavitark Ram Shriram

13,700

2

-21.4%

Google

USA

India

36

901*

Rishad Naoroji

13,000

2

New

Godrej

India

India

36

901↓

Malvinder & Shivinder Singh

13,000

2

-8.7%

Fortis Healthcare

India

 

38

954*

GV Prasad

12,400

2

25.0%

Reddy's Lab

India

India

38

954↓

MA Yousuf Ali

12,400

2

5.3%

Emke Group Of Companies

UAE

India

40

1056*

Madhukar Parekh

11,200

2

12.5%

Pidilite

India

 

40

1056↑

Vinod Khosla

11,200

2

80.0%

Khosla Ventures

USA

India

40

1056↓

N R Narayan Murthy

11,200

2

20.0%

Infosys

India

India

40

1056↓

Benu Gopal Bangur

11,200

2

0.0%

Shree Cement

India

India

40

1056↓

Rajan Raheja

11,200

2

-10.0%

Hathway Cable

India

India

40

1056↓

Venugopal Dhoot

11,200

2

-30.8%

Videocon

India

India

46

1137↑

Kapil & Rahul Bhatia

10,600

2

54.5%

Indigo

India

India

47

1209*

Ravi Pillai

9,900

2

New

Ravi Pillai Group

UAE

India

47

1209*

Sudhir & Samir Mehta

9,900

2

New

Torrent Group

India

India

47

1209↓

Manoj Bhargava

9,900

2

14.3%

5 Hour Energy

USA

USA

47

1209↓

Murali Divi

9,900

2

14.3%

Divi's Lab

India

 

47

1209↓

Ajay Piramal

9,900

2

0.0%

Piramal Enterprise

India

India

47

1209↓

Ashwin Dani

9,900

2

0.0%

Asian Paints

India

 

53

1282*

Suhail Rizvi

9,300

2

New

Rizvi Traverse Capital

USA

USA

53

1282*

Sunny Varkey

9,300

2

New

Gems Education

UAE

UAE

53

1282*

Swraj Paul

9,300

2

New

Caparo Group

UK

India

53

1282↓

Nandan Nilekani

9,300

2

15.4%

Infosys

India

India

57

1379*

Vijay Chauhan

8,700

1

New

Parle Products

India

India

57

1379↓

Senapathy Gopalakrihsnan

8,700

1

7.7%

Infosys

India

India

57

1379↓

Brij Bhushan Singal

8,700

1

0.0%

Bhushan Steel

India

 

60

1458*

Baba Kalyani

8,100

1

New

Bharat Forge

India

India

60

1458*

Samprada Singh

8,100

1

New

Alkem Laboratories

India

India

60

1458*

TS Kalyanaraman

8,100

1

New

Kalyan Jewellery

India

India

60

1458*

Vikram Lal

8,100

1

New

Eicher

India

 

60

1458↓

G M Rao

8,100

1

18.2%

GMR

India

India

60

1458↓

Glenn Saldanha

8,100

1

8.3%

Glenmark Pharmaceuticals

India

 

60

1458↓

Harsh Mariwala

8,100

1

-7.1%

Marico

India

 

67

1540*

Bhupendra Kumar Modi

7,500

1

New

Spice Group

Singapore

India

67

1540*

Ravi Jaipuria

7,500

1

New

RJ corp

India

India

67

1540↓

Ashwin Choksi

7,500

1

0.0%

Asian Paints

India

 

67

1540↓

Gautam Thapar

7,500

1

0.0%

Crompton Greaves

India

India

71

1641*

B.R.Shetty

6,800

1

New

NMC Group

UAE

India

71

1641*

Lachman Das Mittal

6,800

1

New

Sonalika Group

India

Pakistan

71

1641*

Mallika Srinivasan

6,800

1

New

TAFE

India

India

71

1641*

Mangal Prabhat Lodha

6,800

1

New

Lodha Developers

India

India

71

1641*

Mofatraj Munot

6,800

1

New

Kalpataru

India

India

71

1641*

Qimat Rai Gupta

6,800

1

New

Havells India

India

India

71

1641*

Rakesh Jhunjhunwala

6,800

1

New

Rare Enterprise

India

India

71

1641↓

Abhay Vakil

6,800

1

-8.3%

Asian Paints

India

 

71

1641↓

Aloke Lohia

6,800

1

-60.7%

Indorama Ventures

Thailand

India

80

1751*

Dhingra Brothers

6,200

1

New

Berger Paints

India

 

80

1751*

K Dinesh

6,200

1

New

Infosys

India

 

80

1751*

Kuldip & Gurbachan Singh Dhingra

6,200

1

New

Berger Paints

India

 

80

1751*

Niranjan Hiranandani

6,200

1

New

Hiranandani group

India

 

80

1751*

Nirav Modi

6,200

1

New

Firestar International

India

Belgium

80

1751*

Ratan Tata

6,200

1

New

Tata Sons

India

India

80

1751*

Sanjay Singal

6,200

1

New

Bhushan Power & Steel

India

 

80

1751↓

Anand Mahindra

6,200

1

0.0%

Mahindra & Mahindra

India

India

80

1751↓

Chandru Raheja

6,200

1

-9.1%

Shoppers Stop

India

India

80

1751↓

Shyam & Hari Bhartia

6,200

1

-23.1%

Jubilant Life Science

India

 

 

↑ Rank increase YOY ↓ Rank decrease YOY - No Rank change y * New to Top 20

Source: Hurun Rich List 2014 sponsored by Star River

Indian city list by number of resident billionaires

<

 

Rank

City of residence

% of Billionaires

1

Mumbai

49%

2

New Delhi

22%

3

Bangalore

6%

4

Ahmedabad

4%

4

Gurgaon

4%

4

Pune

4%

7

Chennai

3%

7

Hyderabad

3%

9

Hisar

1%

9

Hoshiarpur

1%

 



Mumbai is home to the most number of billionaires with 33 of the nine zero club residing there, followed by 15 from Delhi and 4 from Bangalore.

Lists end

Religion-wise beak-up

In the list of 88 Indian ‘dollar billionaires’ all religious minorities were represented, most of them in greater proportion than their share of the population. It would be incorrect to show the Hindus, Jains and Sikhs separately because, apart from centuries of ties, shared places of worship, shared religious practices and festivals, inter-marriages, and common caste- and surnames, there are on the list billionaires who do not wear turbans but have beards and offer prayers at Guudwaras.

Christian

Glenn Saldanha

Jewish

David Reuben

Simon Reuben

Muslim

Azim Premji

Yusuf Hamied

MA Yousuf Ali

Suhail Rizvi

Parsi

Pallonji Mistry

Dr Cyrus S Poonawalla

Jamshyd Godrej

Adi Godrej

Rishad Naoroji

Ratan Tata

2014: Hurun: India Rich List (top 100)

The difference between the two Hurun Lists for 2014 is that the first list (above) was for the whole world and was issued earlier in 2014; Indian names were extracted from the global list, with their global as well as Indian ranks. This, the second list, was issued later in the year, by when some figures had changed, was India-specific and had more Indian names.

Below is an edited version of Hurun’s India Rich List 2014. For the details on age, gender and industry please go to Hurun


 

Rank

Assets

Name

Companies include…

1

$27500m.

Mukesh Ambani

Reliance Industries

2

$21500m.

Dilip Shanghvi

Sun Pharma

3

$16000m.

Kumara Mangalam Birla

Grasim Industries

4

$14000m.

Azim Premji

Wipro

5

$13000m.

Shiv Nadar

Hcl Technologies

6

$12000m.

S P Hinduja family

Hinduja Group

7

$10500m.

Pallonji Mistry

Tata Sons

8

$10000m.

Kumara Mangalam Birla

Grasim Industries

9

$8500m.

Sunil Mittal family

Bharti Airtel

10

$7300m.

Gautam Adani

Adani Enterprise

11

$7100m.

Anil Ambani

Reliance Capital

12

$6000m.

Cyrus Poonawalla

Poonawalla Group

13

$5900m.

Savitri Jindal family

Jindal Steel & Power

13

$5900m.

Uday kotak

Kotak Mahindra

15

$5100m.

Anand Burman

Dabur

16

$4800m.

Desh Bandhu Gupta

Lupin

17

$4600m.

Kushal Pal Singh

DLF

18

$4500m.

Adi Godrej family

Godrej And Boyce

18

$4500m.

Jamshyd GodrejRishad Naoroji

Sun Hung Kai

20

$4300m.

Micky Jagtiani

Landmark Group

21

$4100m.

Rahul Bajaj

Bajaj Auto

22

$4000m.

Brijmohan Lall Munjal family

Hero Moto

23

$3800m.

Ravi Ruia

Essar Energy

23

$3800m.

Shashi

Essar Energy

25

$3500m.

Anil Agarwal

Vedanta Resource

26

$3300m.

Benu Gopal Bangur

Shree Cement

26

$3300m.

Pankaj Patel

Cadila Healthcare

26

$3300m.

Sri Prakash Lohia

Indorama Ventures

29

$3200m.

Subhash Chandra

Zee Entertainment

30

$2900m.

Rajan Raheja

Exide Industries

30

$2900m.

Yusuf Hamied

Cipla

32

$2800m.

Nitin Sandesara

Sandesara Group

33

$2700m.

Chandru Raheja

Shoppers Stop

33

$2700m.

VikramLal

Eicher Motors

35

$2600m.

Feroz Allana

IFFCO

36

$2500m.

Romesh T Wadhwani

Symphony Technology Group

37

$2400m.

Madhukar Parekh

Pidilite

38

$2300m.

GV Prasad

Dr Reddy's Lab

38

$2300m.

Vivek Chaand Sehgal

Motherson Sumi System

40

$2200m.

Gautam Thapar

Crompton Greaves

40

$2200m.

PV Ramaprasad Reddy

AurobindoPharma

42

$2200m.

Ashwin Dani

Asian Paints

42

$2200m.

Kalanithi Maran

Sun Network

42

$2200m.

Kavitark Ram Shriram

Google

45

$2100m.

Indu Jain

Bennett Coleman

45

$2100m.

Rishad Naoroji

Sun Hung Kai

45

$2100m.

Vijay Chauhan

Erie Indemnity

48

$2000m.

Baba Kalyani

Bharat Forge

49

$1900m.

Harsh Mariwala

Marico

49

$1900m.

MA Yousuf Ali

Emke Group

49

$1900m.

Murali Divi

Divi'S Lab

49

$1900m.

Ravi Jaipuria

Tempo Group

53

$1800m.

N.R. Narayana Murthy

Infosys

53

$1800m.

Qimat Rai Gupta

Havells India

53

$1800m.

Venugopal Dhoot

Videocon

53

$1800m.

Vinod Khosla

Khosla Ventures

57

$1700m.

Ajay Piramal

Piramal Enterprise

58

$1700m.

Glenn Saldanha family

Interactive Corp

58

$1700m.

Rajesh Mehta

Rajesh Exports

60

$1600m.

Abhay Vakil

Asian Paints

60

$1600m.

Ashwin Choksi

Asian Paints

60

$1600m.

Nirav Modi

Stagecoach

60

$1600m.

Prithviraj Kothari

RSBL

64

$1600m.

Malvinder Singh

Fortis Healthcare

64

$1600m.

Shivinder Singh

Fortis Healthcare

66

$1600m.

Manoj Bhargava

5 Hour Energy

66

$1600m.

Ravi Pillai

Ravi Pillai Group

68

$1500m.

Samprada Singh

Bridgestone Corporation

69

$1500m.

G M Rao

GMR

70

$1500m.

KapilRahul Bhatia

Indigo

71

$1500m.

Ratan Tata

Tata

71

$1500m.

Suhail Rizvi

Konami

71

$1500m.

Sunny Varkey

Gems Education

71

$1500m.

Swraj Paul

Gloria

75

$1500m.

Aloke Lohia

Indorama Ventures

75

$1500m.

Mangal Prabhat Lodha

Lodha Developers

77

$1500m.

S Gopalakrishnan

Infosys

78

$1400m.

Nandan Nilekani

Infosys

78

$1400m.

Sanjay Singal

New York Jets

80

$1400m.

Rakesh Jhunjhunwala

Rare Enterprise

81

$1300m.

Mofatraj Munot

Kalpataru Group

81

$1300m.

Sanjiv Goenka

CESC

83

$1300m.

Niranjan Hiranandani

Hiranandini Developers

83

$1300m.

V.G. Siddhartha

Coffee Day Resorts

85

$1300m.

BR Shetty

NMC Group

85

$1300m.

Krishnan Ganesh

IT&T

85

$1300m.

Nusli Wadia

Britannia

88

$1300m.

Sudhir

Torrent Pharma

88

$1300m.

Samir Mehta

Torrent Pharma

90

$1200m.

Hemendra Kothari

DSP Blackrock

91

$1200m.

Devendra Kumar Jain

Gujarat Flouro Chemicals

91

$1200m.

Irfan Razack

Prestige Estate Projects

91

$1200m.

Mallika Srinivasan

Religare Enterprise

94

$1200m.

TS Kalyanaraman

Kalyan Jewellery

94

$1200m.

Vikas Oberoi

Oberoi Reality

96

$1200m.

AMM Velayyan Family

Carborundum Universal

97

$1100m.

Anu Aga

Thermax

97

$1100m.

Rajju Shroff

United Phosphorus

99

$1100m.

Lachmandas Pagarani

Al Maya Group

100

$1100m.

Kiran Mazumdar-Shaw

Biocon

 

See also…

Rich List: India <> Rich List: India, 2014: Forbes <>Rich List: India, 2014: Hurun <>Rich List: India, 2015: Forbes <> Rich List: India, 2015: Hurun <>Rich list, India: 2016 <> Rich List: India, 2016: Forbes <> Rich List: India, 2017 <> Rich List: India, 2017: Hurun<> Rich list, India: 2018

Rich list of film artistes: India

…and also

Rich List: Nepal<> Celebrity List: India<> Indian money in HSBC, Switzerland <> Private lives of famous Indians

…and also

Public Companies, South Asia's Biggest

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