India is the world’s largest democracy, and its economy has been growing rapidly over the past few decades. As a country, it also holds the second-largest native population behind China. Not surprisingly, India has produced a number of billionaire businessmen and businesswomen.
1 DHIRUBHAI AMBANI
Dhirubhai Ambani (1932-2002) is an Indian businessman who started out humbly by selling traditional snacks to religious pilgrims. His business soon grew, and he expanded and diversified into industries including telecommunications, power generation, information technology, consumer goods, and logistics.
Today, Reliance Industries is India's largest private company and is listed on the Fortune 500. Ambani's sons now run Reliance and are some of India's wealthiest people: Mukesh Ambani, 63, is worth over $51.78 billion and Anil Ambani, 60, who used to be the sixth-richest person in the world, is now worth an estimated $109 million.
2 SHIV NADAR
Shiv Nadar, 74, founded HCL Infosystems in 1976 with an investment of a few thousand dollars, selling calculators and microcomputers. HCL soon expanded to Singapore and the far east, generating over 1 million rupees in sales not long after its expansion. HCL has continued to grow, making Nadar a billionaire worth over $12.4 billion.
3 LAKSHMI N. MITTAL
Lakshmi Niwas Mittal, 69, is an Indian entrepreneur who began his career working for his father's steel business. He later set out on his own, due to family infighting and created what is now one of the largest steelmakers in the world, ArcelorMittal (MT). As of April 2020, ArcelorMittal has a market capitalization of over $10 billion.14 Mittal himself is worth nearly $9 billion.
4 AZIM PREMJI
zim Premji, 74, is worth an estimated $6 billion and is the former chairman of Wipro Industries (WIT), a diversified software and technology company that many have compared to Microsoft. Premji is sometimes referred to as India's Bill Gates as a result, alongside his informal title as "czar" of the Indian IT industry.
5 JEHANGIR RATANJI DADABHOY TATA
Jehangir Ratanji Dadabhoy Tata or JRD Tata (1904-1993) was born in Paris to Indian and French parents. He was trained as an aviator in Europe and later became India's first commercial airline pilot. Working for the family business, TATA group, he set out on his own and built TATA Airlines, which ultimately became the modern Air India.