India has produced notable billionaires even as family businesses have passed down from generation to generation. The country saw a gradual increase in the number of billionaires in the last couple of years.
There are as many as 131 billionaires in India. Many industrialists have reported a drastic jump in their wealth. Even during this coronavirus crisis, billionaires in India managed to grab their position firmly.
In an era with booming entrepreneurship success stories, success is often measured by the value one has in terms of money. The success, however, is years of hard work and toil that gets people where they are today.
With that, we bring you a list of 10 richest families in India 2020, despite coronavirus.
Wadia Family is featured in the list of wealthiest familes in India. Nusli Wadia’s sons – Ness and Jehangir run popular food company Britannia Industries. Other companies run by this family are Bombay Dyeing and budget airline GoAir.
For the unversed, Wadia Family’s Total Estimated Wealth is estimated to be around Rs 44,900 crores.
The Bangur family owns Shree Cement which is one of India’s most efficient cement producers.
Family’s Total Estimated Wealth: Rs 51,000 crores
Lohia family owns petrochemicals powerhouse Indorama. It is worth mentioning here that Petrochemicals powerhouse Indorama is the world’s largest manufacturer of resins used in plastic bottles, polyester, and synthetic rubber.
Lohia Family’s Total Wealth: Rs 58,800 crores
Bajaj Group is an Indian multinational conglomerate company founded by Jamnalal Bajaj in Mumbai in the year 1926. Bajaj Group is one of the oldest and largest conglomerates which is based in Mumbai, Maharashtra.
Family’s Estimated Total Wealth: Rs. 63,000 crores
Almost everyone in India knows about ‘Dabur’. Burman family owns the Indian consumer goods company and it founded in the year 1884 by S. K. Burman. It manufactures Ayurvedic medicine including natural consumer products.
Family’s Estimated Total Wealth: Rs. 68,000 crores
Forbes’ Real-Time Billionaires Index showed that Radhakishan Damani who is founder of retailer Avenue Supermarts, has become India’s second-richest person with a net worth of $17.8 billion.
Last year, he was featured on the list of top ten richest people in the world. He was placed seventh on the list with $14.3m. But now that, he gained places to reach the best position of his career.
For the unversed, Avenue Supermarts Ltd., which is doing business as DMart, an Indian chain of hypermarkets in India founded by Radhakishan Damani in 2002, with its first branch in Powai’s Hiranandani Gardens.
Family’s Estimated Total Wealth: Rs. 78,000 crores
Gautam Adani is the founder of Adani Ports & SEZ. The Adani Group is an Indian multinational conglomerate and its headquarters is located in Ahmedabad, Gujarat. It was founded by Gautam Adani in the year 1988 as a commodity trading business, with the flagship company Adani Enterprises Limited.
Family’s Estimated Total Wealth: Rs 1.20 lakh crore
‘Godrej’ is one of the most famous brands in India. Their company name is Godrej group. The Godrej Family Group is an Indian conglomerate headquartered in Mumbai, Maharashtra, India.
Family’s Total Wealth: Rs 1.57 lakh crore
The Indian conglomerate company is located in Mumbai, India. The Hinduja Group is involved in a plethora of activities including foundries, import-export, trading, motor vehicles, banking, call centers, and healthcare etc.
Family’s Estimated Total Wealth: Rs. 1.86 lakh crore
1. Ambani Family
For the 12th straight year, Reliance Industries’ chairman Mukesh Ambani is the richest Indian billionaire. His massive net worth has hiked to $64.5 billion, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people, as per the Bloomberg Billionaires Index.
Mukesh Ambani is an Indian billionaire, the chairman, managing director, and largest shareholder of Reliance Industries Ltd., a Fortune Global 500 company and India’s most valuable company by market value. The recent official announcement that social media giant Facebook will be investing ₹43,574 crores for a 9.99% stake in Reliance Jio Platforms has now made Mukesh Ambani the richest person in Asia.
For the uninitiated, Reliance Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. Reliance owns businesses across the country engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.