Bajaj Family

Bajaj Group—controlled by the Bajaj family, among India's wealthiest clans—agreed to buy out Allianz’ Group's 26% stakes in their Indian insurance joint ventures for $2.8 billion.

Seamless succession plan by the late patriarch leaves Bajaj Group in capable hands.

Amid a challenging year for the economy, the total wealth of the tycoons on the 2019 Forbes India Rich List shrank 8% to US$452 billion from a year ago.

It was a challenging year for the nation’s wealthiest. Under the Narendra Modi-led government, which returned to power for a second term with a thumping majority in May, economic growth slowed to 5%, a six-year low.

Despite a rout in the rupee that practically wiped out the Indian stock market’s 14% rise from a year ago, tycoons on the 2018 Forbes India Rich List saw a modest gain in their combined wealth to US$492 billion. Among the nation’s 100 richest, 11 saw their wealth jump by $1 billion or more.

Since last year, the top 100 eked out only a 2.7% gain in their combined wealth to $492 billion. Close to half are poorer, six of them by $1 billion or more.

SINGAPORE (October 5, 2017) – Despite India’s economic hiccups, tycoons on the 2017 Forbes India Rich List saw their wealth soar as their combined fortunes rose 26% to US$479 billion. The complete list is available here and www.forbesindia.com. The list can also be found in the October issue of Forbes [...]

The fortunes of India’s 100 richest soared to a combined $479 billion -- despite economic hiccups.

Minimum net worth to make the Top 100 rises to a record $1.25 billion  SINGAPORE (September 22, 2016) – Oil and gas tycoon Mukesh Ambani is once again India’s richest person with a net worth of US$22.7 billion. The complete list is available at www.forbes.com/india and www.forbesindia.com. The list can [...]

A rising economy and stock market, lift several fortunes among the top 100.

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In 1938, Samsung founder Lee Byung-Chull started a trading company in Daegu. He quickly transformed a humble export outfit into a sprawling empire with interests in food, textiles and electronics, among other sectors. In 1987, two weeks after the founder’s death, his third son Lee Kun-Hee took the helm and [...]

SINGAPORE (September 23, 2015) – Mukesh Ambani remains India’s richest person for the ninth consecutive year with a net worth of US$18.9 billion, according to the latest Forbes India Rich List. While the combined net worth of India’s 100 richest remains largely unchanged at US$345 billion, as compared to $346 [...]

The weak rupee and mayhem in the stock market flatten several fortunes

Kushagra Bajaj couldn't wait to grow up, get out of school and jump into his family's Bajaj Group. The Indian outfit is many times bigger now.

Pharma billionaire Dilip Shanghvi is year’s biggest gainer, accounting for half of all increase and moving up to number 3 for first time