Savitri Jindal becomes the fifth richest Indian; jumps before Ambani and Adani in net worth

According to a report by Bloomberg Billionaires Index, Savitri Jindal has seen the biggest increase in his wealth among India’s richest people in the last calendar year, with his wealth increasing during the period. There is an increase of 9.6 billion dollars.

Mukesh Ambani, who has the highest net worth among Asians, has registered an increase of nearly $5 billion and his net worth now stands at $92.3 billion, the report said.

The total wealth of Gautam Adani, the second richest Indian after Mukesh Ambani, decreased by $ 35.4 billion to $ 85.1 billion.

The report said Savitri Jindal’s net worth is now around $25 billion, which puts her behind Wipro’s Azim Premji by about $24 billion.

OP Jindal Group was founded by Savitri’s husband, the late OP Jindal, an industrialist and businessman from Haryana.

The group runs listed companies such as JSW Steel, Jindal Steel & Power, JSW Energy, JSW Saw, Jindal Stainless and JSW Holdings.

HCL’s Shiv Nadar is second only to Savitri Jindal in terms of net worth growth, adding nearly $8 billion during the last calendar year, while DLF’s KP Singh added $7 billion.

Kumar Mangalam Birla and Shapoor Mistry each added $6.3 billion.

The list of top beneficiaries also includes Dilip Shanghvi, Ravi Jaipuria, MP Lodha and Sunil Mittal.

According to the 2023 Forbes list of India’s 100 richest, released in October, matriarch Savitri Jindal was ranked fourth with a net worth of $24 billion, up 46%.

According to the Forbes list, the collective wealth of India’s 100 richest people remained stable at $799 billion this year.

According to the Forbes list, Mukesh Ambani is at the top position with a wealth of $92 billion, and Gautam Adani’s wealth has slipped to the second position.

Adani’s net worth, which includes his family, fell from $82 billion to $68 billion after a report by US short-seller Hindenburg Research in January sent his group’s shares tumbling.