Shashi & Ravi Ruia
Shashi & Ravi Ruia
At a Glance
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Age71(Shashi),66(Ravi)
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Earnings$ 5.8 Billion
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Source of earningsDiversified
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Marital StatusMarried(Both)
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Children2(Both)
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ResidenceMumbai/London
Forbes India Lists
#15 India Rich List 2015
#16 India Rich List Rank 2014
#12 India Rich List Rank 2013
Profile
Siblings who control the $35 billion (revenues) Essar Group, an oil, power and steel conglomerate, and are said to be weighed down by a mountain of debt, saw shares of their Mumbai-listed Essar Oil rise on news that they are close to concluding the sale of a 49% stake to Russian oil producer Rosneft. The deal, which reportedly values the Indian refiner at $6 billion-plus, includes an agreement by Rosneft to supply 10 million barrels of crude to Essar annually for 10 years.
