Lakshmi N. Mittal
Estimated wealth: $17 billion
Flagship firm: ArcelorMittal
A billionaire industrialist primarily known for his ownership in ArcelorMittal, the world's second-largest steelmaker, L.N. Mittal's wealth is largely derived from his stake in this global steel empire.
Hinduja Brothers
(Gopichand, Prakash and Ashok)
Estimated wealth: $15 billion
Flagship firms: Ashok Leyland, IndusInd Bank, Gulf Oil Lubricants India, Hinduja Global
Solutions, GOCL Corp.
The net worth of Hinduja brothers comes
from a diverse business base comprising financials, transport and energy, technology, media and renewables.
Jay Chaudhry
Estimated wealth: $8 billion
Flagship firm: Zscaler
The CEO and founder of Zscaler, a publicly-traded cloud security company, holds a 42% ownership stake that constitutes the majority of his wealth.
S.P. Lohia
Estimated wealth: $7 billion
Flagship firm: Indo Rama Synthetics
Sri Prakash Lohia is the founder of Indorama Corp., a diversified petrochemical and textiles conglomerate, and is also the world's largest producer of PET resin through its associate company, Indorama Ventures Public.
Vinod Khosla
Estimated wealth:
$6 billion
Flagship firm:
Khosla Ventures
An investor and technologist, he established Khosla Ventures to support entrepreneurs in creating disruptive, technology-driven companies.
M.A. Yusuff Ali
Estimated wealth:
$5.7 billion
Flagship firm: LuLu Group International, Waldorf Astoria (Scotland), the Great Scotland Yard Hotel
The UAE-based billionaire serves as the CMD of LuLu Group International, a global enterprise with 254 stores in 23 countries.
Romesh T. Wadhwani
Estimated wealth:
$5.1 billion
Flagship firm:
Symphony Technology Group
The serial entrepreneur with a Ph.D. from Carnegie Mellon, best known as the founder and former CEO of Symphony AI and the chairman of ConcertAI, a healthcare AI firm valued at $1.9 billion, and for founding Aspect Development, which sold for $9.3 billion.
Sridhar Vembu
Estimated wealth:
$5 billion
Flagship firm:
Zoho Corporation
He is the California-based founder and CEO of Texas-headquartered Zoho Corporation, a web-based business tools provider with over 90 million global users.
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
The mutual fund industry in India has witnessed significant growth over the last decade, showcasing the increasing trust and participation of investors in MFs as a viable investment option.
This is the ninth edition of Fortune India’s 40 Under 40. For this year’s listing, the achievers needed to be under 40 years of age as on March 31, 2024.
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