Forbes magazine
released its inaugural list of India’s 40 wealthiest businessmen, with half of
the entrants hailing from the nation’s burgeoning technology and pharmaceutical
sectors.
Topping the list with $11.2 billion is London-based steel magnate Lakshmi Mittal, who holds 88% of Mittal Steel. The company will become the world’s largest manufacturer of steel following their acquisition of rival International Steel.
Other facts of note:
- Nineteen created their fortunes from scratch
- Eleven made their money in technology
- Nine made their fortunes in pharmaceuticals
- Forty percent live in Bombay
- Two Patels made the list, which means I will spend this weekend digging through the family tree.
Forbes: India’s 40 richest
