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Mon, 15/03/2010 - 09:00
Submitted by pinig on Fri, 16/11/2007 - 17:31
Yes, it’s official. The Forbes magazine’s latest list of 40 Richest Indians says that Mumbai has 23 billionaires compared to only 12 from Delhi. Delhiites can draw some solace from the fact that the city has two persons in the top five richest Indians residing in India. The Mumbaikars, however, enjoy higher ranks even there compared to Delhi.
The Ambani brothers, Mukesh and Anil, lead the billionaires from Mumbai, with fortunes of $49 billion and $45 billion, respectively. Kushal Pal Singh of DLF and Sunil Mittal from Bharti Airtel lead the Delhi billionaires, with fortunes of $35 billion and $12.5 billion, respectively.
Other cities have gotten their fair share too, with Pune and Bengaluru boasting six billionaires each. There are 10 new entrants to the 40 Richest Indians list from India this time, including Gautam Adnani, Anand Jain and Gautam Thapar among others. The super rich in India have become the richest in Asia as well. According to Forbes, the combined wealth of the four richest Indians is now more than that of China’s 40 richest.
It is interesting to note, however, that Chinese companies have better price to earnings ratios than their Indian peers. Had the current Indian stock market boom happened earlier, these four richest Indians would have made it to the world’s 10 richest and India would have contributed the single biggest chunk of the world’s billionaires. Currently, the honour wrests with the US, with Bill Gates leading the pack.
There are 14 others with $1 billion in wealth who have not made it to the list, The Forbes magazine says. The minimum net worth needed to make it to the list of the super rich in India has also gone up significantly from $790 million last year to the current $1.6 billion. The jump can be attributed to the recent stock market surge in India.
The Ambani brothers, Mukesh and Anil, lead the billionaires from Mumbai, with fortunes of $49 billion and $45 billion, respectively. Kushal Pal Singh of DLF and Sunil Mittal from Bharti Airtel lead the Delhi billionaires, with fortunes of $35 billion and $12.5 billion, respectively.
Other cities have gotten their fair share too, with Pune and Bengaluru boasting six billionaires each. There are 10 new entrants to the 40 Richest Indians list from India this time, including Gautam Adnani, Anand Jain and Gautam Thapar among others. The super rich in India have become the richest in Asia as well. According to Forbes, the combined wealth of the four richest Indians is now more than that of China’s 40 richest.
It is interesting to note, however, that Chinese companies have better price to earnings ratios than their Indian peers. Had the current Indian stock market boom happened earlier, these four richest Indians would have made it to the world’s 10 richest and India would have contributed the single biggest chunk of the world’s billionaires. Currently, the honour wrests with the US, with Bill Gates leading the pack.
There are 14 others with $1 billion in wealth who have not made it to the list, The Forbes magazine says. The minimum net worth needed to make it to the list of the super rich in India has also gone up significantly from $790 million last year to the current $1.6 billion. The jump can be attributed to the recent stock market surge in India.
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