Seventy-three-year-old Savitri Jindal, chairwoman of the OP Jindal Group, has claimed the title of the country’s richest woman, surpassing industry stalwarts.
According to the latest data from the Bloomberg Billionaires Index, Savitri’s net worth soared to an impressive $25.3 billion as of Tuesday, marking a substantial gain of $9.5 billion.
Savitri, widow of late industrialist Om Prakash Jindal, strategically oversees the $23 billion conglomerate, which holds significant stakes in JSW Steel, JSW Steel & Power, JSW Energy, Jindal Saw, and Jindal Stainless, among other ventures.
The bull run experienced by these companies on the Indian stock markets throughout 2023 contributed significantly to Savitri’s remarkable wealth surge.
Notably, her stake in JSW Steel stands at $7.20 billion, followed closely by a $4.72 billion stake in Jindal Steel & Power.
Furthermore, the group’s 83% ownership of JSW Infrastructure, which went public in October, added another $4.95 billion to Savitri’s burgeoning net worth.
Following Savitri in terms of wealth gain is KP Singh, the chairman and CEO of real estate giant DLF Ltd.
Singh witnessed a notable jump in his net worth from $7.15 billion to $15.4 billion during 2023, largely propelled by the remarkable rally in realty stocks on Indian stock exchanges.
DLF’s share price surged by approximately 84% over the course of the year.
Kumar Birla, chairman of the Aditya Birla Group, secured the third spot in terms of wealth growth.
The conglomerate, with a one-third stake in Grasim Industries, contributed to Kumar Birla’s increased net worth.
He also holds substantial stakes in Aditya Birla Capital and Vodafone Idea.
While Savitri and her wealth gain steal the spotlight among India’s billionaires, Mukesh Ambani of Reliance Group maintains his position as the richest Indian globally, boasting a net worth of $92.3 billion.
Ambani’s wealth witnessed a $5.16 billion increase in 2023, securing the 13th spot in the world rankings.
Following closely is Gautam Adani, with a net worth of $85.1 billion, reinforcing India’s prominent presence in the global billionaire landscape.
