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What TV doesn't, print can't; we deliver.
NEW DELHI: India’s wealthiest woman, Savitri Jindal, has witnessed an unprecedented surge in her wealth in 2023, outpacing other rich individuals like Mukesh Ambani and Gautam Adani, according to Bloomberg Billionaires Index data.
The 73-year-old’s net worth soared by a staggering $9.6 billion in 2023. In contrast, Mukesh Ambani, the chairman of Reliance Industries (RIL) and India’s richest individual, experienced a comparatively modest increase of around $5 billion.
While Ambani maintains his top position among India’s wealthiest with a fortune of $92.3 billion, Savitri Jindal’s meteoric rise has drawn significant attention. She now holds the fifth position among India’s richest individuals with a net worth of $25.3 billion.
Savitri Jindal’s conglomerate, the OP Jindal Group, oversees prominent listed companies such as JSW Steel, Jindal Steel & Power, JSW Energy, Jindal Saw, Jindal Stainless, and investment firm JSW Holdings. The group, controlling 83 per cent of the port operator JSW Infrastructure, successfully listed the company in October 2023. The Jindal family is now eyeing the potential listing of JSW Cement in the upcoming year.
Following Savitri Jindal in the list of top wealth gainers in 2023 is Shiv Nadar, founder of HCL Tech, whose net worth surged by approximately $8 billion, thanks to the strong performance of HCL Tech shares, witnessing a 45 per cent rally in 2023.
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Meanwhile, real estate tycoon KP Singh of DLF added another $7 billion to his total wealth, reaching $15.4 billion during the year, fuelled by an 83 per cent rally in DLF stock amid a real estate boom in India.
Industry stalwarts Kumar Mangalam Birla and Shapoor Mistry both experienced a substantial wealth increase of $6.3 billion each during 2023. Meanwhile, Mukesh Ambani’s wealth recorded an additional $5.2 billion, and Dilip Shanghvi, Managing Director of Sun Pharma, saw his net worth rise by another $4.7 billion.
Notably, Gautam Adani remains the only prominent figure on the list whose fortunes went the opposite way in 2023. Despite a partial recovery in share prices, Adani faced a net drop of $35.4 billion in his wealth, ending the year with an estimated net worth of $85.1 billion.
