Forbes Rich list 2013

rich list

The world’s 85 richest individuals now own as much as the poorest half of the 7 billion global population, according to a  report  released by Oxfam on Monday the 20th of January 2014.

The leading anti-poverty charity called on the global economic elite gathering in Davos this week for the World Economic Forum to “counter the growing tide of inequality” and prevent a static future in which only the rich have access to the best education and healthcare.

“It is staggering that in the 21st century, half of the world’s population own no more than a tiny elite whose numbers could all sit comfortably in a single train carriage,” said Winnie Byanyima, Oxfam Executive Director.

While Mukesh Ambani at US $21.5 billion was ranked at 22 Lakshmi Mittal was ranked at spot 41 with an estimated wealth at $16.5 billion according to Forbes Rich List 2013.

Other Indians are Azim Premji 11.2 billion at spot 91; Dilip Shanghvi $9.4 billion at spot 116; Shashi & Ravi Ruia $8.5 billion on spot 131; Hinduja Brothers $8.3 billion on spot 136;  Kumar Birla $7.9 billion at spot 150; Savitri Jindal & Family $7.6 billion at spot 155; Sunil Mittal & Family $6.8 billion at sport 173; Shiv Nadar $6.5 billion at spot 182 with Mukesh Mabani’s brother Anil Ambani is way down at spot number 233 with his  $5.2 billion.

Australia’s rich who made it to the list in the top 100 are Gina Rinehart with her $17 billion ranked 36 and  Rupert Murdoch & family at $11.2 billion ranked at 91. Others are Ivan Glasenberg $6.7 billion at spot 175; James Packer $6 billion at spot 198; Andrew Forrest at spot 211 with $5.7 billion and  Frank Lowy at $5.3 billion on rank 229.

U.S. leads the list with 442 billionaires, followed by Asia-Pacific (386), Europe (366), the Americas (129) and the Middle East & Africa (103). Carlos Slim is once again the world’s richest person, followed by Bill Gates. Amancio Ortega of Spanish retailer Zara moves up to No. 3 for the first time.

Forbes has also valued the fortunes of the wealthy despots, dictators and royals but have listed them separately as they do not truly reflect individual, entrepreneurial wealth that could be passed down to a younger generation or truly given away. Obviously the rich list of Indians who have deposits in Swiss banks of money obtained through corruption, shady deals overseas and scams are not part of the entrepreneurial rich list.

Some of the Indian daughters are also enterprisingly entering the billionaire’s club some as enterprising as their dads whereas others giving away wealth for good causes.

DLF developer Kushal Pal Singh’s daughter Pia Singh has started Skills Academy with Pramod Bhasin, the former head of outsourcer Genpactto, to teach India’s fresh graduates with basic skills such as typing, speaking English, accounting and computers having placed 800 people in businesses ranging from fast-food chains like KFC and Pizza Hut to data-entry jobs and even as security guards.

Pia singh in sari

Pia Singh

Nandini Piramal, 33, is the daughter of pharma tycoon  Ajay Piramal  who made money by  selling inexpensive, off patent drugs (also called generics). She  has a day job handling the OTC drug division at  Piramal Healthcare  and has help set up  Piramal Foundation’s initiative providing clean drinking water in rural India. Sarvajal (Hindi for “water for all”) has set up 150 water filtration systems across six states. Its innovative water ATM works like a regular ATM machine”“except it dispenses water. It was initially funded by the foundation but is now run for profit.

Nandini Piramal

Nanaini Piramal with dad Ajay Piramal

These daughters are starting younger.  Kumar Birla’s daughter Ananyashree, 19, who’s an undergrad at Oxford University, set up Svatantra Microfin in March to give microloans to rural women to start small businesses.

Ananyashree Birla 21

Ananyashree Birla

Mukesh Ambani’s daughter Isha, 22, a recent Yale grad, is now working with her mother, Nita, at the Reliance Foundation.  By the time she had her sweet sixteen birthday party, Isha Ambani was already worth $80 million, thanks to shares in her father’s company Reliance Industries.  

Isha ambani

Isha Ambani

Think Vanisha Mittal and you think of that grand $60 million wedding in 2002 that her father threw for her, a wedding that was watched with wonder from around the world. As the daughter of Lakshmi Mittal, the world’s leading steel tycoon, Vanisha has been used to the lavish life. However, Vanisha is not content to be spending her father’s billions. Armed with a degree from Cornell University, she takes on important roles in her father’s business. She also looks at making smart property investments around the world. Smart, rich and beautiful, this young woman is married to an investment banker named Amit Bhatia.  In 2007, the magazine Forbes listed her at the number one position in the listing of daughters of the worlds richest individuals.

vanisha mittal

Vanisha who got a $60 million dollar wedding from dad Lakshmi Mittal is worth hundred times more as she was the number one richest daughter in 2007 Forbes list of daughters who are swimming in money

Roshni Nadar Malhotra is slated to succeed her father Shiv Nadar as chairman of HCL Corporation, Roshni, 31, will continue to focus on managing her family’s wealth through the Shiv Nadar Foundation, which straddles K-12 schools, universities and engineering colleges. Closest to her heart are the VidyaGyan schools that provide education to underprivileged children.

roshni Nadar Malhotra







Roshni Nadar Malhotra

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