India’s 10 Richest People
“India is, the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great grandmother of tradition. Our most valuable and most instructive materials in the history of man are treasured up in India only.” And not just that but a place of most billionaires.
Here is a list of India’s 10 Richest People:
#10 Kumar Birla-Networth:$7.8 Billion
Fourth generation of storied Birla clan, Kumar Birla, has chaired $41 billion (revenues) Aditya Birla Group, named after his late father, for 2 decades. Industrialist’s wealth shrank as shares of his aluminum maker, Hindalco, roiled by lower prices and higher costs, halved in the past 12 months, and it reported a 67% drop in net profits in a recent quarter. Cement unit Ultratech has acquired 4 factories from rival Jaypee Group in the past year for $1.4 billion. Birla’s newest venture is Bizlabs, a unit to back startups. He has also launched Aadyam, a nonprofit, to support theatre. He recently bought a Mumbai heritage mansion for $65 million.