One Nepali vs 90 Indians: Forbes Rich List 2015

Ninety Indian billionaires feature on this year’s Forbes Magazine Rich List. Despite Nepal’s poor political and economic track record, pioneering Nepali industrialist Binod Chaudhary has secured his global position for a third consecutive year.

The 59 year old Nepali tycoon has beaten 26 of India’s 90 billionaires who together represent a combined net worth of US $295 billion.

A quick study of the Rich List by southasia.com.au reveals India and Nepal are the only two South Asian nations to be represented in the prestigious global list.

Chaudhary is one of 85 billionaires who are ranked 1415th on this year’s Rich List. He is worth US $1.3 billion, an impressive increase from $1.1 billion last year given Nepal’s socio-economic context.

Binod Chaudhary
Binod Chaudhary: a ‘Yes, we can!’ man from Nepal.

Forbes describes the president of the Cinnovation/CG Group as Nepal’s only billionaire who made most of his fortune abroad. According to Forbes, “His biggest asset is a controlling stake in Nepal’s Nabil Bank, but CG’s better known brands are its Wai Wai instant noodles and Nepal Ice beer.” Chaudhary, who acquired ‘a strategic stake’ in India’s Fern Hotel Chain, is building new hotels there as well as in Africa and Dubai.

Worth US $21 billion, Dhirubhai Ambani’s eldest son Mukesh Ambani heads the 90-strong gang of Indian billionaires. This is the eighth consecutive time he has been the richest Indian while globally he has moved one step up from the 40th in 2014 to 39th this year. His younger brother Anil Ambani is at 418th position with net worth of US $4 billion.

Mukesh Ambani
Mukesh Ambani: Undeniably the most efficient businessman in the Indian subcontinent.

In its annual ranking of the planet’s super rich persons which was made public on March 2, Forbes named Bill Gates as the richest billionaire of the planet. Worth US $79.2 billion, this is the 16th time the technology guru topped the list since Forbes instituted its Rich List 29 years ago. He was worth US $76 billion last year.

Telecom mogul Carlos Slim Helu is billionaire number 2 with US $77.1 billion (US $72 billion last year) while Warren Buffett is world number 3 with US $72.7 billion.

An impressive 1826 billionaires made the list this year as against only 1645 in 2014. They together represent a net worth of US $7.05 trillion, up from US $6.4 trillion last year. According to Forbes, “1,191 members, or roughly two-thirds of the list, were self-made billionaires. 230 inherited their wealth; another 405 inherited at least a portion but are still growing it.”

This year, Warren Buffett was the biggest winner as his fortune increased by US $14.5 billion for a total current net worth of US $72.7 billion. The biggest loser on the other hand was Nigeria’s Aliko Dangote (ranked 67th) whose net worth decreased from US $25 billion in 2014 to US $14.7 billion this year.

On a more positive note, there has been a 15% increase in the number of women who made the list this year. There are 197 (29 of them were self-made) as against only 172 last year.

There is good news for the social media fans too. Facebook’s Mark Zuckerberg (number 16) is worth US $33.4 billion this year and with this he made it into the top 20 for the first time.

There are 290 newcomers this year, Forbes states, out of whom 71 hail from China. A record 46 among the ranks are under age 40.

The southasia.com.au has compiled a list of Indian and Nepali billionaires:

Global Rank Name Net Worth
US$ billlions
Age Source Country of Citizenship
39 Mukesh Ambani $21 57 petrochemicals, oil & gas India
44 Dilip Shanghvi $20 59 pharmaceuticals India
48 Azim Premji $19.10 69 software India
66 Shiv Nadar $14.80 69 information technology India
82 Lakshmi Mittal $13.50 64 steel India
142 Kumar Birla $9 47 commodities India
185 Uday Kotak $7.20 55 banking India
208 Gautam Adani $6.60 52 commodities, infrastructure India
208 Sunil Mittal $6.60 57 telecom India
208 Cyrus Poonawalla $6.60 73 vaccines India
254 Desh Bandhu Gupta $5.80 77 pharmaceuticals India
283 Savitri Jindal $5.30 64 steel India
291 Micky Jagtiani $5.20 63 retail India
330 Adi Godrej $4.80 72 consumer goods India
330 Jamshyd Godrej $4.80 66 consumer goods India
360 Shashi & Ravi Ruia $4.50 diversified India
393 Subhash Chandra $4.20 64 media India
405 Benu Gopal Bangur $4.10 83 cement India
418 Anil Ambani $4 55 diversified India
435 Vikram Lal $3.90 72 motorcycles India
435 Pankaj Patel $3.90 61 pharmaceuticals India
452 Brijmohan Lall Munjal $3.80 91 motorcycles India
512 Mangal Prabhat Lodha $3.40 59 real estate India
512 Kushal Pal Singh $3.40 83 real estate India
603 Indu Jain $3 78 media India
603 Sudhir & Samir Mehta $3 diversified India
628 Kalanithi Maran $2.90 49 media India
714 Baba Kalyani $2.60 66 engineering India
714 Rajan Raheja $2.60 60 diversified India
737 Rahul Bajaj $2.50 76 motorcycles India
737 M.A. Yusuff Ali $2.50 59 retail India
782 Ashwin Dani $2.40 72 paints India
782 Rishad Naoroji $2.40 63 consumer goods India
782 Ravi Pillai $2.40 61 construction India
810 Kuldip Singh & Gurbachan Singh Dhingra $2.30 paints India
810 P.V. Ramprasad Reddy $2.30 56 pharmaceuticals India
810 Malvinder & Shivinder Singh $2.30 healthcare India
847 Chandru Raheja $2.20 74 real estate India
894 Rakesh Jhunjhunwala $2.10 54 investments India
894 Habil Khorakiwala $2.10 72 pharmaceuticals India
894 N.R. Narayana Murthy $2.10 68 software services India
949 Ajay Piramal $2 59 pharmaceuticals India
949 Sunny Varkey $2 57 education India
1044 Murali Divi $1.90 63 pharmaceuticals India
1044 Senapathy Gopalakrishnan $1.90 59 software services India
1054 Anil Agarwal $1.80 61 mining, metals India
1054 Yusuf Hamied $1.80 78 pharmaceuticals India
1054 Nirav Modi $1.80 44 diamond jewelry India
1105 Nandan Nilekani $1.80 59 software services India
1118 Ravi Jaipuria $1.70 60 soft drinks India
1118 Ranjan Pai $1.70 42 education India
1118 B.R. Shetty $1.70 73 healthcare India
1190 Venugopal Dhoot $1.60 63 electronics India
1190 Jitendra Virwani $1.60 49 real estate India
1226 Vivek Chand Burman $1.60 77 consumer goods India
1250 Devendra Jain $1.50 86 chemicals India
1250 Lachhman Das Mittal $1.50 84 tractors India
1250 Mofatraj Munot $1.50 70 real estate India
1312 Anu Aga $1.50 72 engineering India
1324 Radhe Shyam Agarwal $1.40 70 consumer goods India
1324 Anand Burman $1.40 62 consumer goods India
1324 Radhe Shyam Goenka $1.40 69 consumer goods India
1324 Sanjiv Goenka $1.40 54 diversified India
1386 Harsh Mariwala $1.40 63 consumer goods India
1415 Sameer Gehlaut $1.30 40 finance India
1415 Harsh Goenka $1.30 57 diversified India
1500 K. Dinesh $1.30 60 software services India
1500 Vikas Oberoi $1.30 44 real estate India
1533 Hasmukh Chudgar $1.20 81 pharmaceuticals India
1533 Vinod Gupta $1.20 69 electrical equipment India
1533 Aloke Lohia $1.20 56 petrochemicals India
1533 Anand Mahindra $1.20 59 automobiles India
1605 Shishir Bajaj $1.20 67 consumer goods India
1605 Abhay Firodia $1.20 70 automobiles India
1605 G.V. Prasad $1.20 54 pharmaceuticals India
1605 Satish Reddy $1.20 47 pharmaceuticals India
1605 S.D. Shibulal $1.20 60 software services India
1605 V.G. Siddhartha $1.20 55 retail India
1638 Niranjan Hiranandani $1.10 64 real estate India
1638 Surendra Hiranandani $1.10 60 real estate India
1638 Kishore Mariwala $1.10 80 consumer goods India
1638 Azad Moopen $1.10 61 healthcare India
1638 Sanjay Singal $1.10 55 steel India
1712 Achal Bakeri $1.10 55 air coolers India
1712 Amit Burman $1.10 45 consumer goods India
1712 T.S. Kalyanaraman $1.10 67 jewelry India
1741 Sidharth Burman $1 70 consumer goods India
1741 Kiran Mazumdar-Shaw $1 61 biotechnology India
1741 Subhash Runwal $1 71 real estate India
1741 Bhadresh Shah $1 63 engineering India
Combined Total Worth $295.10
1415 Binod Chaudhary $1.3 B 59 diversified Nepal

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