Five months after beating Azim Premji in net worth, Savitri Jindal — the richest woman in the country — has once again improved her rank among billionaires in India. This time by overtaking another software magnate — Shiv Nadar of HCL Technologies.
With a fortune of $31.50 billion, Savitri Devi Jindal currently occupies the fourth rank after Mukesh Ambani, Gautam Adani and Shapoor Pallonji Mistry, according to Bloomberg data. Shiv Nadar — the founder of HCL Technologies — had a net worth of $31.30 billion. Interestingly, the gap between the two billionaires was as high as $20.01 billion in January 2022.
Top Billionaires In The Country
| Rank | Billionaire | Net Worth ($ bn) |
| 1 | Mukesh Ambani | 108.75 |
| 2 | Gautam Adani | 99.11 |
| 3 | Shapoor Pallonji Mistry | 37.54 |
| 4 | Savitri Devi Jindal | 31.50 |
| 5 | Shiv Nadar | 31.30 |
| 6 | Azim Premji | 26.09 |
| 7 | Dilip Shantilal Shanghvi | 24.96 |
| 8 | Radhakishan Damani | 21.59 |
| 9 | Cyrus S Poonawalla | 21.09 |
| 10 | Lakshmi Mittal | 20.49 |
Source: Bloomberg
So far in 2024, the net worth of Savitri Jindal has swelled by $6.8 billion, and the same had increased by almost $11 billion during 2023, reveals data sourced from Bloomberg. Thanks to the persistent rally in stocks such as Jindal Steel & Power, JSW Energy and JSW Infrastructure. The three companies together contribute 56% to Savitri Jindal’s net worth.
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While the stocks of Jindal Steel & Power and JSW Energy have surged about 50% over the last six months, the stock of JSW Infrastructure has gained 30% during the same period. Further JSW Steel, which contributes 23% to Jindal’s net worth, has returned 13% in the last six months.
On the flip side, Shiv Nadar saw his net worth fall by $2.6 billion since the beginning of the year, led by a lacklustre performance by HCL Technologies. Shares of HCL Technologies — the third largest software company by market capitalisation — have come off as much as 21% from their February highs. In fact, the fall in Shiv Nadar’s net worth so far has been the highest among top billionaires in the country.
According to the Bloomberg Billionaires Index, Mukesh Ambani continues to top the list with a net worth of $108.8 billion, whereas Gautam Adani comes close second with a net worth of $99.1 billion. Shapoor Pallonji Mistry — one of the largest shareholders in Tata Group companies — possesses a net worth of $37.54 billion as of May 14, 2024.
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