Saturday, November 2, 2013
INDIA'S 55 BILLIONAIRES - AS PER FORBES - WHAT NEXT?
AS PER FORBES LIST
Most of us would surely be interested in knowing the Billionaires of our Country (India ). That they are Billionaires – is itself a Huge measure of their success in life. Each of them is running Big Businesses, Industries, trade or other Highly Profitable vocations. To my knowledge, Forbes is one organization which assiduously collects details of such successful people of each country and lets us know every year. There are some marginal names always, who either drop out in an year, or, newly enter into the year.
As of now, I find that Forbes has counted 55 Billionaires in India. To my mind – one notable missing person in the List is Ratan TATA , who may be missing because, most of his fortune is in the hands of a Trust. His successor’s name is also not in the List. Possibly, for similar reasons, there may be a few other names missing from the list.
The Erstwhile Maharajas, Nawabs and Nizams have properties that do not seem to have been valued properly by any one, at any time at all. The Tiruvanantapuram Temple rooms had lakhs of crores of rupees worth of wealth, all of which possibly belongs to the King there. The Nizam’s property is also unknown and uncounted. But, these properties are almost totally – unproductive, unknown and unused wealth. I feel, there is need to bring out their values, tax them properly and bring them to productive use in the service of the country. Many of these kingly properties are unearned properties (in my opinion) – and therefore, they must service the country in some way now.
Other notable omissions in the list are – Actors, cricketers and....Politicians. While the wealth of Businessmen and Industrialists is reasonably - white, countable, counted and taxed – and is reasonably transparent, the wealth of others is not that Transparent – especially that of Politicians. And, they will not allow any scrutiny into their real wealth and their sources. Ask any of them – their net worth does not exceed a crore or two of Indian rupees. But, many do confess privately that they spend even 50 – 100 Crores for elections. How does this magic happen – GOK!
Coming back to the Forbes List, we see that all these people are managing huge businesses, industries and trades – and their wealth is always in the process of enriching them and enriching India too. They are the wealth creators of India and they are also the employment Generators of India. There is a Huge need to encourage them (and others aspiring to be billionaires (in white)) - to generate further wealth for themselves and for India and , further employment also for Indians. Readers interested in knowing more details about these Billionaires of India may go to the web site of Forbes and read the details there.
India must become a LAND OF OPPORTUNITY – where any Honest and Intelligent entrepreneur can become a Billionaire.
Be he Narendra Modi or Rahul Gandhi – whoever becomes next PM, must create such an atmosphere of true economic freedom, free from political, police and other bullying and harassment - for such honest entrepreneurs. The deeply sullied atmosphere of corruption and dishonesty which today makes India not fit for such honest entrepreneurship and investment must be rooted out – to make way for the innovative efforts of our young and old entrepreneurs.
The 55 people below have succeeded even in such a discouraging atmosphere – should not mean – that India must accept and make do with such atmosphere. We must improve the atmosphere for innovation and entrepreneurship vastly in India. Not only in publishing such lists of successful persons, in India and other countries, but also, in giving us their secrets of Success, Forbes really remains unparalleled. Forbes has also published another List of 100 Richest persons in India. But, the remaining 45 persons have net worth less than 1 Billion $. They are all aspirants to jump from that List into this List. We congratulate all these WINNERS. We do hope 2013 will see the net worth of all these Indians going up significantly.
Rank Name Net Worth ($-Blns) Age Source
22 Mukesh Ambani 21.5 56 petrochemicals, oil & gas
41 Lakshmi Mittal 16.5 63 steel
91 Azim Premji 11.2 68 software
116 Dilip Shangvi 9.4 58 pharmaceuticals
131 Shasi and Ravi Ruia 8.5 69,64 diversified
150 Kumar Birla 7.9 46 commodities
155 Savitri Jindal & family 7.6 63 steel
173 Sunil Mittal & Family 6.8 56 telecom
182 Shiv Nadar 6.5 68 information technology
191 Kushal Pal Singh 6.3 82 real estate
233 Anil Ambani 5.2 54 diversified
286 Uday Kotak 4.4 54 banking
329 Micky Jagtiani 4 62 retail
346 Cyrus Poonawallah 3.9 72 biotech
376 Adi Godrej & Family 3.6 71 Consumer goods
376 Jamshyd Godrej & Family 3.6 64 Consumer Goods
395 Anil Agarwal 3.4 60 mining, metals
412 Kalanidhi Maran 3.3 48 media
437 Goutam Adani 3.1 51 commodities, infrastructure
554 Malvinder & Shivinder Singh 2.6 (38,40) healthcare
613 Subhas Chandra 2.4 62 media
613 Desh Bandhu Gupta 2.4 75 pharmaceuticals
670 Indu Jain 2.2 77 media
670 BrijMohanLal Munjal 2.2 90 motorcycles
704 Ajau Kalsi 2.1 52 oil
704 Pankaj Patel 2.1 60 pharmaceuticals
736 Rahul Bajaj 2 75 motorcycles
736 Rajan Raheja & Family 2 59 diversified
792 BenuGopal Bangur 1.9 82 cement
831 Rishad Naoroji 1.8 62 Consumer goods
831 Chandru Raheja 1.8 73 real estate
931 Ajay Piramal 1.6 58 pharmaceuticals
965 Habil Khorakiwala 1.55 71 pharmaceuticals
965 N.R. Narayana Murthy & family 1.55 67 software
974 Ashwin Dani 1.5 71 paints
974 K. Anji Reddy & family 1.5 72 pharmaceuticals
974 Brij Bhushan Singal 1.5 76 steel
974 M.A. Yusuff Ali 1.5 57 retail
1024 Vikas Oberoi 1.45 43 real estate
1031 Ravi Jaipuria 1.4 58 soft drinks
1031 Mangal Prabhat Lodha 1.4 57 real estate
1088 Senapathy Gopalakrishnan & family 1.35 58 software
1107 Murali Divi 1.3 62 pharmaceuticals
1107 Nandan Nilekani & Family 1.3 58 software
1107 Ranjan Pai 1.3 40 education
1161 Venugopal Dhoot 1.25 62 electronics
1161 Rakesh Jhunjhunwala1.25 53 investments
1175 Yusuf Hameid 1.2 77 pharmceuticals
1175 Baba Kalyani 1.2 64 engineering
1175 Mofatraj Munot 1.2 69 real estate
1268 G.M.Rao 1.1 63 Infrastructure
1342 Joy Alukkas 1 57 Jewelry
1342 T.S.Kalyanaraman 1 66 Jewelry
1342 Norav Modi 1 42 Diamond Jewelry
1342 Jitendra Virwami 1 47 Real estate
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