The biggest wealth creators
A billion dollars do not guarantee a spot on the list, making such success stories even more commendable
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Last Updated: Nov 19, 2018, 12:12 IST1 min
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Vijay Shekhar Sharma Image: Amit VermaWhile the number of India’s dollar billionaires continues to rise, the climb to the top has become more gruelling. More than 30 people with an estimated wealth of over $1 billion found themselves off the 2018 Forbes India Rich List.
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India’s rampant growth in fintech and mobile payments is reflected in the rise of one of its youngest dollar billionaires, Paytm’s Vijay Shekhar Sharma. He has a net worth of $2.15 billion in 2018—a 46 percent jump over the previous year.
Over the 10-year period of the Rich List, the Godrej family (No 7) has seen its net worth nearly double to $14 billion in 2018, from $7.5 billion in 2010.
Among the gainers is Sun Pharma’s managing director and founder, Dilip Shanghvi, now India’s eighth richest, with a net worth of $12.6 billion. His wealth rose by 142 percent from $5.2 billion in 2010. Sun Pharma faced rough weather in recent years, but Shanghvi expects its India business to “stabilise” in the current fiscal.
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First Published: Nov 19, 2018, 12:12
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