Savitri Jindal India’s wealthiest woman
Savitri Jindal, India’s wealthiest woman, experienced an exceptional surge in her wealth in 2023, surpassing the gains made by prominent figures like Mukesh Ambani and Gautam Adani, as per data from the Bloomberg Billionaires Index.
Throughout the calendar year 2023, the 73-year-old witnessed an extraordinary increase in her net worth by a remarkable $9.6 billion. In contrast, Mukesh Ambani, the chairman of Reliance Industries (RIL) and India’s richest individual, saw a more modest rise of approximately $5 billion during the same period.
Although Ambani maintained his top spot as India’s wealthiest person with a total fortune of $92.3 billion, Savitri Jindal’s meteoric ascent drew significant attention, positioning her as the fifth-richest individual in India, boasting a net worth of $25.3 billion.
Her conglomerate, the OP Jindal Group, oversees major publicly listed companies such as JSW Steel, Jindal Steel & Power, JSW Energy, Jindal Saw, Jindal Stainless, and the investment firm JSW Holdings.
The OP Jindal Group, which holds an 83 per cent stake in the port operator JSW Infrastructure, successfully listed the company in October 2023. The Jindal family is now considering the potential listing of JSW Cement in the coming year.
Following Savitri Jindal in the list of top gainers in wealth for 2023 is Shiv Nadar, founder of HCL Tech, whose net worth surged by around $8 billion, reaching approximately $32.6 billion. The remarkable performance of HCL Tech shares, with a 45 per cent rally in 2023, significantly contributed to Nadar’s wealth expansion.
Meanwhile, real estate magnate KP Singh of DLF added another $7 billion to his overall wealth, reaching $15.4 billion for the year, driven by an 83 per cent surge in DLF stock amidst a flourishing real estate market in India.
Industry veterans Kumar Mangalam Birla and Shapoor Mistry both witnessed substantial increases in their wealth by $6.3 billion each in 2023. Additionally, Mukesh Ambani’s wealth grew by 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 sole prominent figure on the list whose fortunes declined in 2023. Despite a partial recovery in share prices, Adani faced a net decrease of $35.4 billion in his wealth, concluding the year with an estimated net worth of $85.1 billion.
Adani’s substantial dip in wealth during 2023 was a stark contrast to the successes of many other major players in India’s business landscape. Despite a partial recovery in the value of his shares, the year proved challenging for Adani, resulting in a significant decrease of $35.4 billion in his overall wealth.
This decline in Adani’s fortune contrasted sharply with the positive trajectory witnessed by several other prominent figures in India’s economic sphere. The year saw an overall bullish trend in various sectors, driving substantial wealth growth for many industry leaders.
Moreover, Shiv Nadar’s remarkable growth in wealth, primarily propelled by the exceptional performance of HCL Tech, signifies the impact of technology-driven enterprises in India’s evolving economic landscape.
Real estate magnate KP Singh’s substantial wealth increase amid a booming real estate sector highlights the lucrative opportunities in the property market, contributing significantly to his financial ascent during the year.
The notable wealth gains of industry stalwarts such as Kumar Mangalam Birla and Shapoor Mistry emphasize their strategic business acumen and successful ventures, solidifying their positions among the top wealth accumulators in 2023.
Despite these fluctuations and varied trajectories in wealth accumulation among India’s elite, the overall economic landscape remained dynamic, witnessing both significant rises and declines in fortunes, reflecting the intricacies and volatility inherent in the global market.
Savitri Jindal’s outstanding rise to become one of the country’s wealthiest individuals underscores the significance of the conglomerate she oversees, the OP Jindal Group, which commands a diversified portfolio of influential companies across different sectors.
Former Telangana Chief Minister KCR suffered broken bones in bathroom, admitted to Yashoda Hospital
