Top 10 Rich People of India in 2011

Here is a list of the top 10 richest people of India in 2011 as declared by the Forbes Magazine. Every year Forbes release a list of the richest people in country. This list is prepared by considering a lot of facts.

India’s 2011 top ten rich People

1. Mukesh Ambani

According to Forbes, Mukesh Ambani, the chairman and managing director of the conglomerate Reliance Industries, holds the top spot with a net worth of $22.6 billion. This is the fourth year in a row that he has held this top spot.

2. Lakshmi Mittal

At number 2, though $6.9 billion less well off than last year, is again steel magnate Lakshmi Mittal with a net worth of $19.2 billion. He is the chairman and chief executive officer of ArcelorMittal, the world’s largest steelmaking company.

3. Azim Premji

IT tycoon Azim Premji of Wipro remains at the third spot, with a net worth of $13 billion in 2011. He donated company shares worth $2 billion to his charitable trust which also makes him one of Asia’s top philanthropists.

4. Ruia Brothers

The Ruia brothers, with a net worth of $10.2 billion, grab the fourth spot. They jointly own and manage the Essar Group, a multinational conglomerate corporation in the sectors of steel, energy, communications, shipping ports & logistics.

5. Savitri Jindal

Wife of late industrialist O. P. Jindal, she is the non-executive chairperson of Jindal Steel and Power Limited and JSW Steel, and bags the fifth spot with a net worth of $9.5 billion. Her son, Naveen Jindal (R), runs JSPL and its group companies Jindal Power Ltd, Jindal Petroleum Ltd, Jindal Cement Ltd and Jindal Steel Bolivia successfully.

6. Sunil Bharti Mittal

The telecom mogul, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises, ranks sixth with a net worth of $8.8 billion. His company runs India’s largest GSM-based mobile phone service and world’s fifth largest wireless company with over 190 million customers across 19 countries in Asia and Africa.

7. Gautam Adani

With a net worth of $8.2 billion at the seventh rank, he is the first billionaire from the city of Ahmedabad. He is the chairman of the Adani Group, a leading trading and export company of India.

8. Kumar Mangalam Birla

The Chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India, is at the eight spot with a net worth of $7.7 billion. He is a fourth generation member of the legendary business Birla family from state of Rajasthan.

9. Pallonji Mistry

At the ninth spot, with a net worth of $7.6 billion, is the Irish-Parsi construction tycoon. He is the richest Irish national in the world and the richest person of Iranian descent. Mistry is an extraordinarilly low-profile billionaire, never giving interviews and rarely being seen out in public. With his 18.5% stake in Tata Sons, he is also the single largest shareholder in India’s largest private conglomerate Tata Group.

10. Adi Godrej

With a net worth of $6.8 billion, the industrialist and philanthropist stands at the tenth spot. He is credited for taking his family business to great height during controlled economy era and, in the post-liberalisation era, successfully meeting the challenges of globalisation.