Kiran Mazumdar Shaw only Indian woman in self-made billionaires list

The fast growing country now has 100 billionaires, 11 fewer than a year ago, according to an annual ranking of the world's richest people by the Hurun Report.

Balakrishna is joined by Nadir B Godrej and Smitha V Crishna.

Women make up 15 per cent of the Hurun Global Rich List released on March 7, 2017. Mr Shanghvi with a net worth of Rs 99,000 crore is the biggest pharma billionaire followed by Cyrus Poonawalla (Rs 75,400 crore), the chairman of Serum Institute of India, one of the world's largest vaccine manufacturers. His net worth of Rs 82,700 crore equals the entire market capitalization of Tata Motors, the report said.

Commenting on women billionaires list, the Chairman and Chief Researcher of Hurun Report, Rupert Hoogewerf said, "there are now more self-made women billionaires than ever before, however, they only come from 12 countries in the world". Turakhia sold his company to a Chinese conglomerate at a valuation of $1 billion.

The list, while recognising the growth of the newcomers, also sheds light on those who saw their wealth diminish.

Demonetisation has also had an impact on India's richest, with 11 of the thirty one having lost their billionaire status since the government's drastic notes ban decision on November 8.

E-commerce entrepreneurs Sachin and Binny Bansal dropped out of the Global Billionaires list, while Acharya Balakrishna of Patanjali is the wealthiest new face at the 29th position with a networth of United States dollars 3.7 billion. The wealth in China seems to be more widespread than in India with the former producing 608 billionaires with average wealth of $2.7 billion against India's average wealth of $3 billion.

Only nine individuals on the list are from the real estate sector, reflecting its sagging fortunes.

Jack Ma, the head of the e-commerce giant Alibaba Group Holding Ltd, was the second richest, with a fortune of 200 billion yuan.

Among cities, Mumbai is the capital for India's super- rich as the city is home to 42 billionaires, followed by Delhi (21) and Ahmedabad (9).

  • Carolyn Briggs