The Forbes India Rich List 2022 is out. And for the first time in a decade, Mukesh Ambani has been ranked, only to be overtaken by Gautam Adani.
10 billionaires this year exited from the top 100 list. 2022 also saw the demise of business legends Rahul Bajaj, Abhay Vakil, Rakesh Jhunjhunwala, and Shapoorji Pallonji.
However, this year 9 new billionaires made their debuts on the list. Let’s check who they are.
1. Shapoor Mistry & Family
58-year-old Shapoor Mistry is in-charge of the 157-year-old engineering and construction giant Shapoorji Pallonji Group. His fortune is shared with his younger brother Cyrus Mistry’s family.
His net worth amounts to $14.2 billion. His biggest asset is in the form of an 18.4% stake in Tata Sons, a holding outfit of the $128 billion (revenue) Tata Group.
He is 13th on the list.
2. Rekha Jhunjhunwala
Wife of the Big Bull of India-Rakesh Jhunjhunwala, who passed away recently, Rekha Jhunjhunwala’s net worth amounts to $5.9 billion.
She is 30th on the Forbes India Rich List 2022.
3. The Vakil Family
Asian Paints is run today by the third generation of the Vakil family. The owner Abhay Vakil passed away in 2021, and Nehal Vakil is one of the family’s representatives on the board.
With family assets worth INR 41,997.28 crore, their net worth amounts to $5.2 billion. The family is 36th on the list.
4. Falguni Nayar
49-year-old investment banker-turned-entrepreneur, Falguni Nayar is 44th on the list with a net worth of $4.08 billion.
The founder and CEO of Nykaa is the richest self-made female entrepreneur on the list.
5. Ravi Modi
Founder of Vedant Fashions, which has brands like Manyavar in its kitty, Ravi Modi debuted on the list this year with a net worth of $3.75 billion. His company found immense success after it went public in 2022.
6. Satyanarayan Nuwal
Satyanarayan Nandlal Nuwal found Solar Industries India Ltd. and has led 11 different companies. Solar Industries started by trading in industrial explosives. It now manufactures them.
The Chairman & Non-Executive Director at Solar Industries India Ltd., Chairman of Navbharat Coalfields Ltd., and Chairman of Economic Explosives Ltd, Nuval’s net worth is $ 3 billion. He is 72nd on the list.
7. Nirmal Minda
Nirmal Minda is the MD and Chairman of UNO Minda (formerly Minda industries), which makes a range of auto parts for cars and two-wheelers.
He is 78th on the list with a net worth of $2.6 billion.
8. Rafique Malik
The guru of Indian retail footwear, Rafique Malik is the Chairman of Metro Brands Ltd, that got listed in December 2021. His net worth is $2.22 billion
9. Venu Srinivasan
Chairman & MD of TVS Motor Company, Venu Srinivasan is 98th on the list with a net worth of $2 billion.
