48 INDIAN BILLIONAIRES = From FORBES LIST FOR 2012 = TOP 10 DETAILS

INDIAN BILLIONAIRES

FORBES LIST - 2012

Forbes began the authoritative pursuit of the world's billionaires 25 years ago. Their first cut yielded 140 names. This year Forbes has counted an all-time high 1,226 billionaires worth a record $4.6 trillion.

Here is the List of Indian Billionaires, giving : Rank among Indian Billionaires, world ranking in world Billionaires list; Net worth, age and source of the Net worth :  The total indicates their combined net worth as $194.6 Below the list, you will find Brief Details of the TOP 10 in the Indian List of Billionaires.

INDIAN BILLIONAIRES LIST

I.RANK	W.RANK	NAME	NETWORTH	AGE	SOURCE
1	19	Mukesh Ambani	$22.3 B	54	petrochemicals, oil & gas
2	21	Lakshmi Mittal	$20.7 B	61	steel
3	41	Azim Premji	$15.9 B	66	software
4	80	Savitri Jindal & family	$10.9 B	62	steel
5	113	Sunil Mittal & family	$8.1 B	54	telecom
6	116	Kumar Birla	$8 B	44	commodities
7	118	Anil Ambani	$7.8 B	52	diversified
8	124	Dilip Shanghvi	$7.4 B	56	pharmaceuticals
9	133	Shashi & Ravi Ruia	$7 B	68	diversified
10	153	Kushal Pal Singh	$6.4 B	80	real estate
11	189	Gautam Adani	$5.4 B	49	commodities, infrastructure
12	205	Shiv Nadar	$5 B	66	information technology
13	270	Uday Kotak	$4.1 B	53	banking
14	290	Micky Jagtiani	$3.8 B	60	retail
15	314	Anil Agarwal	$3.5 B	58	mining, metals
16	314	Malvinder & Shivinder Singh	$3.5 B	39	healthcare
17	401	Brijmohan Lall Munjal	$2.9 B	88	motorcycles
18	401	Cyrus Poonawalla	$2.9 B	70	biotech
19	464	Kalanithi Maran	$2.6 B	46	media
20	521	Adi Godrej & family	$2.4 B	69	diversified
21	521	Jamshyd Godrej	$2.4 B	63	Diversified
22	521	Rishad Naoroji	$2.4 B	60	Diversified
23	578	Indu Jain	$2.2 B	75	media
24	578	Pankaj Patel	$2.2 B	59	pharmaceuticals
25	601	Desh Bandhu Gupta	$2.1 B	74	pharmaceuticals
26	601	Ajay Kalsi	$2.1 B		oil
27	601	Rajan Raheja & family	$2.1 B	57	diversified
28	683	G. M. Rao	$1.9 B	61	infrastructure
29	719	Rahul Bajaj	$1.8 B	73	motorcycles
30	719	Subhash Chandra	$1.8 B	61	media
31	764	N.R. Narayana Murthy & family	$1.7 B	65	software
32	764	Chandru Raheja	$1.7 B	71	real estate
33	854	Senapathy Gopalakrishnan & family	$1.5 B	56	software
34	854	Vikas Oberoi  :	$1.5 B	41	real estate
35	913	Nandan Nilekani & family	$1.4 B	56	software
36	913	Ajay Piramal	$1.4 B	56	pharmaceuticals
37	913	K. Anji Reddy	$1.4 B	70	pharmaceuticals
38	913	Gautam Thapar	$1.4 B	51	engineering, paper
39	960	Venugopal Dhoot	$1.3 B	60	electronics
40	960	Brij Bhushan Singal	$1.3 B	75	steel
41	1075	Benu Gopal Bangur	$1.1 B	80	Cement
42	1075	Ashwin Dani	$1.1 B	69	paints
43	1075	Yusuf Hamied	$1.1 B	75	pharmceuticals
44	1075	Rakesh Jhunjhunwala	$1.1 B	51	investments
45	1153	K. Dinesh & family	$1 B	57	software
46	1153	Mangal Prabhat Lodha	$1 B	56	real estate
47	1153	Vijay Mallya	$1 B	56	liquor
48	1153	Bhupendra Kumar Modi	$1 B	63	telecom

Now, Let us see brief details given by Forbes for the TOP 10 INDIAN BILLIONAIRES :

No.1. MUKESH AMBANI : $22.3 B

• Chairman, Reliance Industries
• Age: 54
• Source of Wealth: petrochemicals, oil & gas
• Residence: Mumbai, India
• Country of Citizenship: India
• Education: Drop Out, Stanford University; Bachelor of Science in Engineering, University of Bombay
• Marital Status: Married
• Children: 3

Forbes Lists : #19 Forbes Billionaires  :  #1 in India  ;  #35 Powerful People

Mukesh Ambani is the world's richest Indian, despite losing $4.7 billion in the past year. A spat between his oil and gas conglomerate Reliance Industries and India's oil ministry over declining output at KG-D6, India's largest offshore gas field, has dragged down the market cap of India's most valuable company. It had inked a $7.2 billion deal with BP last year to help increase production. After net profits dropped 14% in the last quarter, the company announced a $2.1 billion buy-back at a 10% premium to the stock price.

NO.2 : LAKSHMI MITTAL : $20.7 B

• Chairman, ArcelorMittal
• Age: 61
• Source of Wealth: steel
• Residence: London, United Kingdom
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, St Xavier''s College Calcutta
• Marital Status: Married
• Children: 2

Forbes Lists  :  #21 Forbes Billionaires;      #2 in India  ;  #47 Powerful People

Lakshmi Mittal lost $10.4 billion in the past year, more than anyone else in the world, and drops out of the top 10 rankings for the first time since 2004. Shares of his ArcelorMittal, the world's largest steelmaker, tanked due to surging costs and tepid demand in Europe. Company is expanding mining interests, though it backed out of option to acquire Australia's Macarthur Coal for $4.9 billion with Peabody Energy. Expansion in his native India where Mittal plans to build steel mills, has faced delays. Son Aditya, company's chief financial officer, was given responsibilities for Europe, sparking speculation about succession. Commissioned for the 2012 Olympics, the 377-foot tall Mittal-funded AreclorMittal Orbit is the U.K.'s tallest sculpture.

NO.3. AZIM PREMJI  :  $15.9 B

• Chairman, Wipro Limited
• Age: 66
• Source of Wealth: software
• Residence: Bangalore, India
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, Stanford University
• Marital Status: Married
• Children: 2

Forbes Lists :  #41 Forbes Billionaires:   #3 in India;  #61 Powerful People

In a bid to rev up growth, Azim Premji shuffled the top ranks at his $7 billion (sales) outsourcer Wipro last year, replacing its co-chief executives with another Wipro insider. Donated $2 billion in 2010, some of which was used to fund the Azim Premji University, which opened in 2011. Company is mulling appointing first women director on its board. His Harvard-educated son Rishad is Wipro's chief strategy officer. Reportedly Premji personally invested $15 million in Vinod Khosla's cleantech fund.

No.4. SAVITRI JONDAL & family : $10.9 B

• Age: 62
• Source of Wealth: steel
• Residence: Hisar, India
• Country of Citizenship: India
• Children: 9

Forbes Lists : #80 Forbes Billionaires ;     #4 in India

Savitri Jindal's fortune dropped by nearly one-fifth as key companies within family conglomerate stumbled. JSW Steel, run by son Sajjan, was forced to cut production at its unit in Karnataka, a state in southern India where the Supreme Court banned iron ore mining. Jindal Steel & Power, run by youngest son, Naveen, fell as it got into tangle with the environment ministry. Naveen is a big donor to his alma mater, the University of Texas in Dallas, which has named its management school after him.

No.5. SUNIL MITTAL & FAMILY  :  $8.1 B

• Age: 54
• Source of Wealth: telecom, self-made
• Residence: New Delhi, India
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, Punjab University
• Marital Status: Married
• Children: 3

Forbes Lists : #113 Forbes Billionaires  ;  #5 in India

Sunil Mittal was the rare telecom tycoon untainted by India's telecom corruption scandal which erupted last year and landed several others in jail. With 243 million customers, his Bharti Airtel is world's fifth-largest telecom firm, with operations in 19 countries. It's losing money in Africa, market it entered in 2010 with $9 billion purchase of African unit of Kuwait's Zain. Faring better at home, where it raised tariffs in bid to end bruising price war and rolled out 3G mobile services. Son Kavin joined Bharti's new mobile internet jv with Japan's Softbank in October. A deal to sell his stake in insurance arm to Mukesh Ambani unravelled. He sits on Unilever's board.

No.6. KUMAR BIRLA  :  $8 B

• Age: 44
• Source of Wealth: commodities
• Residence: Mumbai, India
• Country of Citizenship: India
• Education: Master of Business Administration, London Business School; Bachelor of Arts / Science, University of Bombay
• Marital Status: Married
• Children: 3

Forbes Lists : #116 Forbes Billionaires;  #6 in India

Kumar Birla, whose family was the only Indian clan on the first billionaires list in 1987, chairs the $35 billion (revenues) Aditya Birla Group, commodities powerhouse named after his late father. It's among the world's top 10 producers of cement and Asia's biggest aluminum producer. It paid $340 million to buy Domsjo Fabriker, Swedish maker of specialty pulp that's used in textiles. He's reportedly eyeing more overseas acquisitions, notably in coal and is also keen to start a bank. Telecom arm Idea Cellular was hit by Supreme Court ruling cancelling 122 telecom licences in wake of India's corruption scandal. His mother Rajashree oversees philanthropy interests.

NO.7.  ANIL AMBANI  :  $7.8 B

• Age: 52
• Source of Wealth: diversified
• Residence: Mumbai, India
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, University of Bombay; Master of Business Administration, University of Pennsylvania Wharton School
• Marital Status: Married
• Children: 2

Forbes Lists  :  #118 Forbes Billionaires ;  #7 in India

Despite patch up with brother Mukesn that included a much photographed reunion in their late father's hometown, Anil Ambani continues on a losing streak, down $1 billion in past year and down $34.2 billion from his 2008 peak. His group raised $5 billion, partly from Chinese banks. He sold 26% of both life insurance and mutual fund arms to Japan's Nippon Life for $922 million. Is reportedly mulling selling telecom tower arm and a submarine cable unit. Ambani attended his first Academy Awards this year with his DreamWorks Studios' partner Steven Spielberg to celebrate 11 nominations for three of their JV's movies, The Help, War Horse and Real Steel.

8 .  DILIP SHANGHVI  :         $7.4 B

• Age: 56
• Source of Wealth: pharmaceuticals, self-made
• Residence: Mumbai, India
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, Calcutta University
• Marital Status: Married
• Children: 2

Forbes Lists  :  #124 Forbes Billionaires  :    #8 in India

Dilip Shanghvi founded and runs Sun Pharmaceutical Industries, India's most valuable drug maker. Firm has a new joint venture with Merck & Co. to make branded generics aimed at emerging markets. The U.S. Food & Drug Administration approved Sun's manufacturing plant in the U.S., which had been shut down in 2010 after it cited manufacturing violations. Shanghvi is personally investing in power, a sector lately plagued by bureaucratic delays and an acute coal shortage. His son Aalok works with him.

No.9.  SHASHI & RAVI RUIA  :  $7 B

• Age: 68
• Source of Wealth: diversified
• Residence: Mumbai, India
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, University of Madras
• Marital Status: Married
• Children: 2

Forbes Lists : #133 Forbes Billionaires;  #9 in India

Brothers Shashi and Ravi Ruia sold their one-third stake in telecom unit Vodafone Essar for $5.4 billion last July after their plan for listing the holding was opposed by Vodafone. Used proceeds mostly to pay off their Essar Group's debt pile. They were under fire for their minority stake in Loop Telecom, owned by their brother-in-law, which was investigated due to suspicions that brothers were true owners of the shares. In December, the federal investigating agency charged Ravi and other family members for an alleged criminal conspiracy which they are contesting. Due to scandal, Ravi stepped down as chairman of their London-listed Essar Energy whose shares have plunged 75% in past year. A Supreme Court ruling that it was liable to pay stake taxes exceeding $1billion also hit stock. They demerged their ports and shipping businesses in May, listing Essar Ports and Essar Shipping.

No.10. KUSHAL PAL SINGH  :  $6.4 B

• Age: 80
• Source of Wealth: real estate
• Residence: New Delhi, India
• Country of Citizenship: India
• Education: Bachelor of Arts / Science, Delhi University
• Marital Status: Married
• Children: 3

Forbes Lists  :  #153 Forbes Billionaires;  #10 in India

Once worth $30 billion and one of the 10 richest people in the world, Kushal Pal Singh's fortune shrunk further this year as shares of his flagship DLF fell. He is apparently looking to sell such assets as Amanresorts, a 17.5-acre plot in Mumbai, and stake in life insurance firm DLF Pramerica, in bid to reduce DLF's $4.8 billion debt load. Faced setback when the Competition Commission of India ordered company to pay $138 million as penalty for delaying the completion of a residential project in its 3,000-acre showpiece township in Gurgaon, near Delhi. DLF is contesting the ruling. A five-day celebration of his 80th birthday last November included a performance by pop star Shakira and the release of his autobiography titled Whatever The Odds:The Incredible Story Behind DLF

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