The Top 10 Richest Indians

By: Forbes India

Published:
25/10/2012 12:00 AM

Image by : Thierry Roge / Reuters

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Image by : Thierry Roge / Reuters

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Steel baron Lakshmi Mittal is second on the list with a net worth of $16 billion. His fortune dropped more than $3 billion in the past year, and $10 billion in two years as shares of his ArcelorMittal, the world's largest steelmaker, tanked due to surging costs and slumping demand in Europe

Image by : Jagadeesh N.V / Reuters

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Image by : Jagadeesh N.V / Reuters

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Though shares of his Wipro remained virtually flat in what is seen as a difficult market for outsourcing firms, Azim Premji’s net worth rose to $12.2 billion, making him the third richest on the list. Asia's most generous person, Premji donated $2 billion from his personal wealth in 2010 to his foundation

Image by : Vikas Khot

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Image by : Vikas Khot

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Patriarch of construction giant Shapoorji Pallonji Group, Pallonji Mistry is the fourth richest with a net worth of $9.8 billion. His family's fortune is up $2.2 billion this year, after it disclosed new information on their privately held group. Mistry's family is the biggest shareholder in Tata Sons; his younger son Cyrus has been appointed Ratan Tata’s successor

Image by : Getty Images

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Image by : Getty Images

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Dilip Shanghvi enters the top five for the first time as shares of his Sun Pharmaceutical, which he founded in 1982, gained 48 percent in 12 months, hitting a record high in October. It is the country's most valuable drug maker with a market cap of $14 billion. Shanghvi’s net worth is $9.2 billion

Image by : Vikas Khot

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Image by : Vikas Khot

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Third generation to head the 115-year-old Godrej Group, a $3.8 billion (revenues) consumer goods conglomerate, Adi Godrej is the sixth in the list with a net worth of $9 billion. His family's fortune is up due to rising value of their biggest asset, a 3,500 acre estate in suburban Mumbai

Image by : Madhu Kapparath for Forbes India

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Image by : Madhu Kapparath for Forbes India

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It’s been a tough year for the OP Jindal Group, steel and power conglomerate founded by her late husband, which Savitri Jindal chairs. Her family's fortune fell $1.3 billion in the past year and is down $6.2 billion in two years. She is seventh on the list and her net worth is down to $8.2 billion

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Image by :

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Brothers Shashi and Ravi Ruia have a combined net worth of $8.1 billion. Their Essar Group is a $27 billion (revenues) conglomerate with operations in 25 countries. Their fortune declined this year as shares of its London-listed Essar Energy more than halved; the group’s $12 billion debt is a concern too

Image by : Indiatodayimages

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Image by : Indiatodayimages

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The Hinduja brothers (from L-R)Prakash, Srichand, Gopichand and Ashok make their debut this year riding on a renewed focus on Indian operations. Their net worth is $8 billion. Their flagship Ashok Leyland has a 25 percent share of the commercial vehicles market in India. Internationally, the group is beefing up its automotive, oil and wealth management operations

Image by : Dinesh Krishnan

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Image by : Dinesh Krishnan

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At 45, Kumar Mangalam Birla is the youngest of the top ten billionaires. His net worth is $7.8 billion and his $40 billion (revenues) Aditya Birla Group is racing ahead to meet the target of $65 billion turnover by 2015. In the past one year, he has been busy deal making across businesses from retail to mining and media

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