73 year old Savitri Jindal, chairperson of the OP Jindal Group, is India’s richest woman and now ranked as the fifth-wealthiest individual in the country with a total net worth of $25.3billion, experienced an unprecedented surge in her wealth throughout 2023 surpassing Mukesh Ambani and Gautam Adani.
According to the Bloomberg Billionaires Index, Savitri Jindal outpaced notable figures like Mukesh Ambani and Gautam Adani, boasting the highest net worth rise among India’s richest . Her fortune soared by an impressive $9.6 billion during this calendar year solidifying her position as a formidable force in the nation’s economic landscape.
With the inclusion of this new asset in Savitri Jindal’s overall wealth, her fortune now reaches approximately $25 billion, surpassing the wealth of Azim Premji from Wipro, who holds nearly $24 billion. At the age of 73, Savitri Jindal’s financial success continues to soar, solidifying her position among the most affluent individuals.
On a different note, Mukesh Ambani, the chairman of Reliance Industries (RIL), holding the title of India’s wealthiest individual with a net worth that tops the charts among Asians, saw a notable uptick of nearly $5 billion, bringing his total wealth to a substantial $92.3 billion, as per the latest data.
Gautam Adani, the second-richest Indian after Ambani, stands out as the sole individual experiencing a downturn in fortunes in 2023. Despite a partial rebound in share prices, Adani encountered a decline of $35.4 billion in his wealth, concluding the year with an estimated net worth of $85.1 billion. Adani’s financial trajectory took a unique turn, reflecting the dynamic nature of economic landscapes.
Mukesh Ambani not only holds the title of India’s richest person but also claims the spot as Asia’s wealthiest individual, securing the 13th position on the global list with an impressive net worth of $92.3 billion. Meanwhile, Adani, the second richest Indian, takes the 15th spot on the global list. These rankings underscore their significant financial prowess on both the national and international stages.
Savitri Jindal and her empire
Savitri Jindal, the influential chairperson of the OP Jindal Group which was founded by her late husband, industrialist and businessman Om Prakash Jindal.
The conglomerate oversees major listed companies, including JSW Steel, Jindal Steel & Power, JSW Energy, Jindal Saw, Jindal Stainless, and JSW Holdings.
Following O.P. Jindal’s tragic demise in a helicopter crash in 2005, the companies within the group underwent a division among his four sons, each now independently managing their respective sectors.
The OP Jindal Group, controlling 83% of JSW Infrastructure, successfully listed the company in October 2023, and the Jindal family now sets its sights on the potential listing of JSW Cement in the coming year.
Savitri Jindal's ascent to become India's richest woman and the fifth-wealthiest person in the country is remarkable, with her net worth experiencing an impressive surge of $9.6 billion over the past calendar year.
— Divya Gandotra Tandon (@divya_gandotra) December 20, 2023
Savitri Jindal's notable position further highlights the growing… pic.twitter.com/4DMtizR1IH
How did other individuals from India perform?
In the realm of wealth accumulation for 2023, Shiv Nadar of HCL Technologies secured the second spot after Savitri Jindal, witnessing an impressive growth of around $8 billion, elevating his net worth to approximately $32.6 billion. This surge was propelled by the robust performance of HCL Tech shares, boasting a 45% rally throughout the year.
Not far behind, real estate magnate KP Singh of DLF added a substantial $7 billion to his wealth, reaching a total of $15.4 billion, fueled by an impressive 83% surge in DLF stock amid a thriving real estate market in India.
Industry titans Kumar Mangalam Birla and Shapoor Mistry both experienced notable wealth increases of $6.3 billion each and next Dilip Shanghvi, Managing Director of Sun Pharma, has made a commendable $4.7 billion rise in net worth. The list of top gainers also features Ravi Jaipuria, MP Lodha, and Sunil Mittal, among others.
Also Read: https://trendyfuse.com/lalit-khaitan-nations-newest-billionaire-at-the-age-of-80/