Forbes’ most recent World’s Billionaires list has unveiled an astonishing revelation: 2,781 individuals worldwide have attained the esteemed status of billionaire, amassing a combined net worth of $14.2T witnessing a staggering $2T surge from the preceding year.
India, the South Asian behemoth, stands out prominently with an unprecedented 200 billionaires making their mark on the list, marking a notable increase from the previous year’s 169. This underscores the nation’s escalating wealth and economic influence on the global platform.
Among these, 25 fresh Indian billionaires have made their debut on the prestigious list.
Leading Business Magnates of Dubai: A Glimpse into Their Expansive Empires
Renuka Jagtiani, holding a net worth of $4.8B, serves as the chairperson and CEO of Landmark Group, a multinational consumer conglomerate headquartered in Dubai. The conglomerate, under her stewardship, employs over 50,000 individuals, continuing the legacy of her late husband, Micky Jagtiani.
Kabir Mulchandani, proprietor of FIVE Holdings, a real estate firm based in Dubai, possesses a net worth of $2B. His company is renowned for its opulent party hotels and resorts spanning the Middle East, Spain, and Switzerland, with plans for a debut on the Dubai stock exchange in 2025.
Ramesh Jaisinghani, with a net worth of $1.6B, derives his wealth from his stake in Polycab India, specializing in electrical wires and cables. Founded by his elder brother Inder in 1986, Polycab has diversified its product portfolio to encompass electric fans, LED lighting, and switchgear, ultimately going public in 2019.
Onkar Kanwar, the chairman of Apollo Tyres, boasts a net worth of $1.5B, His company specializes in manufacturing tyres for various vehicles and distributes its products across India, Europe, and Asia under the Apollo and Vredestein brands.
Naresh Trehan, the founder and chairman of the Medanta hospital chain, commands a net worth of $1.3B. Commencing with a solitary hospital in Delhi in 2007, the Medanta network has burgeoned to encompass six hospitals across India, epitomizing India’s advancements in healthcare.
Ajay Jaisinghani, with a net worth of $1.6B, has left an indelible mark in the wires and cables manufacturing industry, according to Free Press Journal.
Anil Gupta, flaunting a net worth of $1.4B, has ascended into the billionaire ranks through his ventures in cables manufacturing, spotlighting India’s prowess in the manufacturing sector.
Ramesh Kunhikannan, the founder and managing director of Kaynes Technology, boasts a net worth of $1.4B. Kaynes Technology specializes in assembling printed circuit boards and caters to industries such as automotive, aerospace, and medical.
Vijay Agarwal, with a net worth of $1.3B, has significantly contributed to the construction equipment industry, underscoring India’s endeavours in infrastructure development.
Girdhari Jaisinghani, propelled by his ventures in cables and wires manufacturing, has achieved a net worth of $1.3B.
Irfan Razack, Noaman Razack, and Rezwan Razack, collectively boast a net worth of $3.9B, owing to their ventures in real estate.
Shivratan Agarwal, with a net worth of $1.2B, has made significant strides in Indian snacks, showcasing India’s rich culinary heritage.
Alpana Dangi, with investments in finance and investments, possesses a net worth of $1.2B, emblematic of India’s burgeoning financial sector.
Naresh Jain, with a net worth of $1.2B is the former chairman of listed auto component companies, Endurance Group and Varroc Engineering.
Shashishekar Pandit, owing to his expertise in software and as co-founder, Chairman, and Group CEO of KPIT Technologies Ltd., has attained a net worth of $1.2B, showcasing India’s technological prowess.
Subbamma Jasti, at 91, has accumulated a net worth of $1.1B through her ventures in pharmaceuticals, symbolizing India’s strides in healthcare.
Motilal Oswal, focusing on financial services, commands a net worth of $1.1B as the chairman and managing director of Motilal Oswal Financial Services Ltd (MOFSL).
Kalpana Parekh’s ventures have propelled her to a net worth of $1.1B, underscoring India’s manufacturing capabilities.
Lalit Khaitan, the 80-year-old chairman of Radico Khaitan, has garnered a net worth of $1B in India’s vibrant beverage sector.
Nikhil Merchant’s ventures in energy have resulted in a net worth of $1B.
Pradeep Rathod, with expertise in plastic products, boasts a net worth of $1B.
The Taparia duo, Mahaveer P Taparia and Shivratan Taparia, have amassed a collective net worth of $2B through their ventures in plastics.
(Finance World and The Free Press Journal have published the article under a mutual content partnership arrangement.)
