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<ul><li><keyword id="20674001" type="General" weightage="100" keywordseo="Savitri-Jindal" source="keywords">Savitri Jindal</keyword>, the matriarch of the <keyword id="21185539" type="General" weightage="20" keywordseo="Jindal-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Jindal Group" meta.hostid="261" meta.entityid="Jindal Group">Jindal Group</keyword>, is India's richest woman with a net worth of $36 billion. </li><li>Following her husband Om Prakash Jindal's sudden death in 2005, she took over the <keyword id="34570" type="General" weightage="20" keywordseo="steel" source="Orion">steel</keyword> and <keyword id="44011" type="General" weightage="20" keywordseo="power" source="Orion">power</keyword> conglomerate. </li><li>She is the only Indian woman in the top 10 of <keyword id="20017067" type="General" weightage="20" keywordseo="Forbes" source="keywords" meta.keywordsubtype="org" meta.entityname="Forbes" meta.hostid="261" meta.entityid="Forbes">Forbes</keyword>’ list of the richest women in the world in 2024. </li></ul>In the vast and dynamic landscape of Indian business, one name stands out as a symbol of resilience, leadership, and unparalleled success: Savitri Jindal. With an astonishing net worth of $36 billion, she is India's richest woman. According to the <keyword id="962341" type="General" weightage="20" keywordseo="bloomberg-billionaires-index" source="Orion">Bloomberg Billionaires Index</keyword>, her net worth zoomed at $9.5 billion in 2024, making her the only Indian woman in the top 10 of Forbes’ list of the richest women in the world that year. <h2> A Legacy of Leadership</h2>Savitri Jindal's journey began in 2005, following the unexpected death of her husband, Om Prakash Jindal, the visionary founder of the Jindal Group. Thrust into the helm of a vast conglomerate with interests in steel, power, <keyword id="6378916" type="General" weightage="20" keywordseo="cement" source="Orion">cement</keyword>, and infrastructure, she faced immense challenges. Yet, her determination and astute leadership transformed these challenges into opportunities, propelling the Jindal Group to unprecedented heights. Under Savitri Jindal's guidance, the Jindal Group flourished, becoming a cornerstone of India's industrial sector. Some of the flagship companies of the Jindal group are Jindal Saw Limited, JSW Steel, Jindal Stainless Steel Limited and Jindal Steel and Power Limited. She’s currently the chairperson emerita of the O.P. Jindal Group, and also the president of Maharaja Agrasen Medical College, Agroha. <h2>Beyond the Boardroom</h2>Savitri Jindal's influence extends beyond the boardroom. She has made significant contributions to public service and philanthropy. In 2005, Jindal was elected to the Haryana Vidhan Sabha from Haryana’s Hisar constituency, which was earlier represented by her late husband Om Prakash Jindal for a long time. In 2009, she was re-elected to the constituency and was appointed the cabinet minister in the Haryana Government on 29 October 2013. She transitioned to the Bharatiya Janata Party in March this year. <h2>A Broader Trend of Empowerment</h2>Savitri Jindal's rise to prominence is not just a personal triumph but a reflection of a broader trend in India. Women are breaking barriers and redefining success in the business world. Influential figures like Kiran Mazumdar-Shaw and Falguni Nayar are reshaping the narrative of corporate leadership and success, proving that the boardroom is no longer an exclusively male domain. Savitri Jindal's story is one of perseverance, strategic vision, and an unyielding commitment to excellence. Her leadership has not only fortified the Jindal Group's position as an industrial powerhouse but has also inspired a new generation of women leaders in India.

Meet Savitri Jindal: The richest woman in India, with a net worth of $36 billion!

<ul><li>Three business women have made it to the <keyword id="8204835" type="UNKNOWN" weightage="20" keywordseo="forbes-list-of-100-richest-indians">Forbes list of 100 richest Indians</keyword>. </li><li>Savitri Jindal the matriarch of the steel conglomerate OP Jindal Group is ranked 20 on the list, with a net worth of $5.8 billion. </li><li>Kiran Mazumdar Shaw, 66, is placed at the 54th spot on the list for Biocon, with a net worth of $2.38 billion. </li><li>Pharma owner Leena Tiwari of USV India was ranked 71 on the <keyword id="6373044" type="UNKNOWN" weightage="20" keywordseo="forbes">Forbes</keyword> list, with a net worth of $1.92 billion.</li></ul>Three business women have made it to the <a href="http://www.forbesindia.com/article/india-rich-list-2019/india-rich-list-2019-mukesh-ambani-dominates-adani-kotak-make-big-gains/55657/1">Forbes list of 100 richest Indians</a>. While half of the listees witnessed a drop in their net worth, Savitri Jindal of OP Jindal Group, Kiran Mazumdar Shaw of Biocon and Leena Tiwari of USV India featured on the list, again. As per a recent <keyword id="48085" type="COMPANY" weightage="20" keywordseo="Credit-Suisse">Credit Suisse</keyword> report, Indian female CEOs are at a dismal 2%.The few women in the rich list shows that even fewer made it all the way to the top. The list is topped by Reliance Industries’ chairman Mukesh Ambani for the 12th consecutive year who added $4.1 billion to his net worth. This is thanks to the growth in value after he launched telecom services with Jio. He is followed by Gautam Adani and Hinduja Brothers. Interestingly, the list featured six fresh faces — Byju Raveendran of Byju’s, Manohar Lal and Madhusudan Agarwal of Haldiram Snacks, Rajesh Mehra of fittings company Jaguar, and Samprada Singh of Alkem Laboratories. Savitri Jindal the matriarch of the steel conglomerate OP Jindal Group, was once Asia’s richest woman. She is ranked 20 on the list, with a net worth of $5.8 billion. Set up by her husband Om Prakash Jindal, India’s richest woman now holds a stake in JSW Steel and other mining industries. <div type="image" title="savitri" msid="71538574" hostid="261" caption="&amp;lt;p&amp;gt;Savitri Jindal, OP Jindal Group &amp;lt;sub&amp;gt;BCCL &amp;lt;/sub&amp;gt;&amp;lt;/p&amp;gt;"></div>

 Kiran Mazumdar Shaw, 66, founded and runs biopharmaceutical company Biocon. The female entrepreneur is placed at the 54th spot on the list, with a net worth of $2.38 billion. The company was also ranked in the top 20 global biotech employers. <div type="image" title="kiran" msid="71538599" hostid="261" caption="&amp;lt;p&amp;gt;Kiran Mazumdar Shaw, Biocon Limited &amp;lt;sub&amp;gt;Twitter/kiranshaw &amp;lt;/sub&amp;gt;&amp;lt;/p&amp;gt;&amp;lt;p&amp;gt;&amp;lt;sub&amp;gt;&amp;lt;br&amp;gt;&amp;lt;/sub&amp;gt;&amp;lt;/p&amp;gt;"></div>

 Yet another pharmaceutical company owner Leena Tiwari of USV India was ranked 71 on the Forbes list, with a net worth of $1.92 billion. The company, which was started as a joint venture with Revlon in 1961 is known for its diabetic and cardiovascular drugs.

Savitri Jindal, Kiran Mazumdar Shaw and Leena Tiwari — the only three women on Forbes list of 100 richest Indians

<ul><li>India’s richest woman is worth $5.6 billion but continues to draw a monthly pension of ₹90,000 from the government.</li><li> Her net worth can buy 4.56 million troy ounces of gold or 106 million barrels of crude oil, Bloomberg Billionaire Index says.</li><li> Her wealth is also equivalent to 469% of the total wealth of the top 500 wealthiest people around the world. </li></ul>The <keyword id="7766819" type="UNKNOWN" weightage="20" keywordseo="richest-woman-in-India">richest woman in India</keyword> does not spend all her time in a corporate office. <keyword id="51618" type="PERSON" weightage="20" keywordseo="Savitri-Jindal">Savitri Jindal</keyword> is also a homemaker, the mother of nine children, and the matriarch of the Jindal family which owns the group. Since her entry into the world of business after her husband’s death, she also charted a successful journey as a politician and a social activist. Her net worth can buy 4.56 million troy ounces of gold or 106 million barrels of crude oil, <a href="https://www.bloomberg.com/billionaires/profiles/savitri-d-jindal/">Bloomberg Billionaire Index says.</a> Her wealth is also equivalent to 469% of the total wealth of the top 500 wealthiest people around the world. India's billionaire club has very few women in the list, and they are way behind in fortune if we compare it to that of the first 100 men. Yet, Savitri stands out amongst the crowd thanks to the many hats she wears. Here are some interesting facts about Savitri Jindal and how she made a place in the billionaire club in India 
	
	
	<div type="Slideshow" msid="70970682" hostid="261" title="India's richest woman is a $5.6 billion matriarch of a steel making family" firstImageMsid="70970764" slideCount="5"></div>

India's richest woman is a $5.6 billion matriarch of a steel making family

In 2020, there were only four Indians in the global top 100 rich list, now there are seven

India’s richest women Savitri Jindal’s net worth ballooned by $12 billion in just two years

Top 10 richest people in Asia in 2024

Top 10 richest women in the world in 2024

Forbes magazine has placed India at the fourth place in its list of countries with the highest number of billionaires, and once again <keyword id="6355199" type="CITY" weightage="20" keywordseo="Reliance-Industries">Reliance Industries</keyword> chief <keyword id="3820" type="PERSON" weightage="100" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> has been named the richest Indian. 
 
The list, called 'World's Billionaires' 2017, has 2,043 names in it, who have a combined net worth of $7.67 trillion. In comparison to last year, this figure is up by a record 18%. 
 
Microsoft co-founder <a href="http://www.businessinsider.in/bill-gates-is-largely-optimistic-about-the-future-but-a-key-tenet-of-the-trump-administration-worries-him/articleshow/57635057.cms">Bill Gates</a> tops the list for the fourth year in a row, with a fortune of $86 billion. Last year, this figure stood at $75 billion. Berkshire Hathaway chief <a href="http://www.businessinsider.in/its-all-mental-with-him-warren-buffetts-late-wife-revealed-why-it-took-the-billionaire-so-many-years-to-start-giving-away-his-fortune/articleshow/56902258.cms">Warren Buffet</a> stands second with a new worth of $75.6 billion. 
 
The third place in the list has been grabbed by Amazon's Jeff Bezos with $72.8 billion net worth. 
 
<a href="http://www.businessinsider.in/11-billionaires-hit-hard-by-demonetisation-mukesh-ambani-still-the-richest/articleshow/57519993.cms">Mukesh Ambani</a>, with $23.2 billion, stands 33rd in the list. His younger brother <a href="http://www.businessinsider.in/anil-ambanis-reliance-capital-sells-paytm-stake-to-alibaba-for-rs-275-crore/articleshow/57513421.cms">Anil Ambani</a>, however, ranks 745th with a net worth of $2.7 billion. 
 
Also read: <a href="http://www.businessinsider.in/mukesh-ambani-knows-what-the-millennials-want-heres-how/articleshow/57390611.cms">Mukesh Ambani knows what the millennials want. Here’s how</a> 
 
Talking of countries, India homes 101 billionaires, crossing the 100 mark with for the first time, standing fourth after USA (565), China (319), and Germany (114). 
 There are only four women billionaires from India, viz. <keyword id="51618" type="PERSON" weightage="20" keywordseo="Savitri-Jindal">Savitri Jindal</keyword> and her family (303rd position), Smita Crishna-Godrej (814th), Biocon founder Kiran Mazumdar-Shaw (973) and Leena Tewari (1030). 
 Other Indians in the list are <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword> (72nd), <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword> (250th), <keyword id="33278" type="PERSON" weightage="20" keywordseo="Rahul-Bajaj">Rahul Bajaj</keyword> (544th), Acharya Balkrishna (814th), <keyword id="6398943" type="PERSON" weightage="20" keywordseo="Rakesh-Jhunjhunwala">Rakesh Jhunjhunwala</keyword> (939th), NR Narayana Murthy (1161st), Vivek Chand Burman and <keyword id="44604" type="PERSON" weightage="20" keywordseo="Nandan-Nilekani">Nandan Nilekani</keyword> (tied at 1290th), Vijay Shekhar Sharma and Habil Khorakiwala (1567th), <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword> (1567th), Niranjan and Surendra Hiranandani (tied at 1678th), and Rana Kapoor (1795th). 
 
(Image source: <keyword id="375775" type="COMPANY" weightage="20" keywordseo="Forbes-India">Forbes India</keyword>)

India ranks fourth in Forbes list of most billionaires, Mukesh Ambani richest Indian again

The government and citizens of <keyword id="6355117" type="General" weightage="50" keywordseo="south-africa" source="Orion">South Africa</keyword> celebrated International <keyword id="2428665" type="General" weightage="80" keywordseo="nelson-mandela-day" source="Orion">Nelson Mandela Day</keyword> by helping local communities. Government leaders visited various communities to lend a hand to the needy through acts of charity and community development, to respond to a call made by <keyword id="6555183" type="General" weightage="100" keywordseo="mandela" source="Orion">Mandela</keyword> that everyone honours him by helping their communities, after the declaration of the establishment of International Nelson Mandela Day on July 18 (Monday). In recognition of the former South African President's contribution to the culture of peace and freedom, UN General Assembly in 2009 declared July 18, Mandela's birthday, to be <keyword id="1742661" type="General" weightage="50" keywordseo="nelson-mandela-international-day" source="Orion">Nelson Mandela International Day</keyword>. Activities included planting of fruit and indigenous trees, as well as establishing food gardens to educate communities on the effect of climate change and food security took place under the theme "Do what you can, with what you have, where you are". South African President Cyril Ramaphosa led the commemoration in Gqeberha, Eastern Cape Province, joining <keyword id="14491027" type="General" weightage="50" keywordseo="clear-rivers-campaign" source="Orion">Clear Rivers Campaign</keyword>, <keyword id="106387" type="General" weightage="50" keywordseo="xinhua-news-agency" source="Orion">Xinhua news agency</keyword> reported. In Orlando West in Johannesburg, where Mandela used to live, 31-year-old Zandi Makhanda provided food to community members in need. "We've been visiting the community over the last few days to prepare for this day and I'm honoured to have used the day useful by helping others," he said. The 29-year-old resident Lilian Shandu in Tshwane city's Centurion, gave books to young children. A group of book-loving friends came up with the idea to collect books for children whose parents cannot afford to buy them for their children. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/indias-richest-women-savitri-jindals-net-worth-ballooned-by-12-billion-in-just-two-years/slidelist/92951665.cms">India’s richest women Savitri Jindal’s net worth ballooned by $12 billion in just two year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/article/opinion-fostering-sustainable-leadership-in-businesses-to-ensure-better-corporate-governance/articleshow/92948831.cms">OPINION: Fostering sustainable leadership in businesses to ensure better corporate governance</a>

South Africa celebrates International Nelson Mandela Day by helping communities

<ul class="summary-list"><li>India-based e-commerce beauty platform <keyword id="6376684" type="UNKNOWN" weightage="60" keywordseo="nykaa" source="Orion">Nykaa</keyword> soared in its public debut.</li><li>Its founder, <keyword id="12507338" type="UNKNOWN" weightage="60" keywordseo="falguni-nayar" source="Orion">Falguni Nayar</keyword>, became <keyword id="11892747" type="UNKNOWN" weightage="60" keywordseo="india" source="Orion">India</keyword>'s richest self-made woman after the IPO. </li></ul>Falguni Nayar became India's richest self-made woman after her beauty company soared in its public debut. The 58-year-old former investment banker owns about half of her beauty company, called Nykaa. The company's parent, named FSN E-Commerce Ventures Ltd., went public Wednesday in Mumbai, and shares nearly doubled, <a href="https://finance.yahoo.com/news/ex-banker-joins-world-richest-094343069.html">Bloomberg reported</a>. Nayar is now worth nearly $7 billion, making her the wealthiest self-made woman in India, according to the Bloomberg Billionaires Index, which showed the country's overall wealthiest woman is Savitri Jindal, who controls her late husband's OP Jindal Group.Nayar was an investment banker for nearly two decades at India's Kotak Mahindra Bank, founded by billionaire Uday Kotak, <a href="https://www.forbes.com/sites/anuraghunathan/2021/11/10/beauty-retailer-nykaa-lists-at-13-billion-making-founder-falguni-nayar-indias-richest-self-made-woman/?sh=c687d957eb74">Forbes reported</a>. She left her role, and in 2012, she started her now public company with $2 million from her and her husband, Sanjay Nayar, the chairman of private equity firm <keyword id="6354544" type="UNKNOWN" weightage="60" keywordseo="kkr" source="Orion">KKR</keyword> in India, <a href="https://economictimes.indiatimes.com/tech/startups/who-is-falguni-nayar-indias-richest-self-made-woman/articleshow/87629451.cms">the Economic Times said</a>.She told the Economic Times in 2017 that the company ran on family funds for two years because she "wanted to make the metrics happen.""We had good momentum by the time I went to investors," she told the Times. Before starting her company, most Indian women had to choose from a limited selection of beauty products at local shops, Bloomberg reported. Now, Nykaa is India's top beauty retailer, with the help of promotions from influencers and dozens of brick-and-mortar stores, Bloomberg wrote. Nykaa's top makeup brands now include M.A.C, Huda, Kay, and L'Oreal Paris, according to the <a href="https://www.nykaa.com/investor-relations">company's website</a>.

An ex-banker invested $2 million to get her beauty startup off the ground and is now the richest self-made woman in India after going public

ealth does not remain static especially during the fluctuating industry scenario today. India has produced several billionaires who occupy a significant number of slots on the list of wealthiest persons in the world today. Here is the list of the top 10 richest persons in India as per their latest real time Forbes data on 11 October 2021. 1. Mukesh Ambani - $102 billion The wealthiest person in India, Mukesh Ambani of Reliance Industries occupies the Tenth slot in the world’s richest persons’ list. Mukesh Ambani has a net worth of $102 billion. Much of Mukesh’s wealth ensues from the petrochemicals and oil and gas businesses built by his father Dhirubhai Ambani ⁠— a business icon in his own right— but Mukesh is pivoting to more consumer-facing businesses like telecom and retail. Reliance Jio is one of the largest telecom networks in India today and has <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-jio-compared-to-alibaba-and-tencent/articleshow/77059624.cms">already raised over $20 billion in recent months</a> and the next leg of fundraising <a href="https://www.businessinsider.in/business/news/mukesh-ambani-next-goal-seems-to-be-the-retail-king-of-india/articleshow/76953716.cms">will be for retail</a>. 2. Gautam Adani - $71.7 billion Gautam Adani’s net worth as per the latest forbes records is $71.7 billion. He is the Second <keyword id="7413735" type="General" weightage="20" keywordseo="richest-person-in-india" source="Orion">richest person in India</keyword> and ranks 15 on the list of the world’s richest. Apart from Mundra Port, the largest in India, his wealth-generating portfolios include a range of commodities, power generation including renewable energy (like solar farms), and transmission to name a few. 3. Shiv Nadar - $31.5 billion With his $31.5 billion estimated net worth, Shiv Nadar ranks as the third richest person in India. HCL Technologies founded by him is a (₹) 274826 crore (market value) company and one of the largest software services exporters in the world today. With its presence in over 45 countries on the globe, HCL Technologies makes Shiv Nadar claim the 41th slot in the list of world’s richest persons. 4. Radhakishan Damani &amp; Family - $ 22.1 billion Radhakishan Damani’s net worth of $22.1 billion, which makes him the fourth richest person in India today. He occupies the 101 position in the global rich list. Radhakishan Damani is a veteran Mumbai stock market investor who founded <a href="https://www.businessinsider.in/business/news/radhakishan-damani-has-a-string-of-challenges-ahead-of-him-and-falling-profits-at-dmart-dont-help/articleshow/76936913.cms">the supermarket chain DMart </a>which went public in 2017, and eventually went on to be the world’s most-valued retail chain for its unique model that makes the holding company Avenue Supermarts more profitable than many of its peers. 5. Savitri Jindal &amp; Family - $18.6 billion Standing at the 106th position in the world and the richest woman in India is Savitri Jindal, the 70-year-old chair of a multibillion dollar conglomerate, who's worth $18.6 billion. India's women billionaires also include the heads of pharmaceutical, software, and consumer goods companies. 6. Cyrus Poonawalla - $18.2 billion Ranked as the 6th wealthiest person in India, Cyrus Poonawalla has a net worth of $18.2 billion. He founded the Serum Institute of India in 1966 and it is today the largest producer of vaccines for measles, influenza and polio. At present, the company is also co-developing two vaccines for COVID-19 and has a <a href="https://www.businessinsider.in/science/health/news/adar-poomawala-says-oxfords-covid-vaccine-is-expected-to-hit-the-indian-market-in-the-first-quarter-of-2021/articleshow/77107541.cms">significant lead over other similar researches that are underway</a>. In the world’s wealthiest persons list he ranks in the 110th position. 7. Lakshmi Mittal - $ 17.6 billion The Chairman and CEO of ArcelorMittal, Sunil Mittal has a net worth of $17.6 billion and ranks as the Seventh richest person in India. His wealth status positions him in the 115 place on the world’s richest persons list. He is known for turning sick steel producing companies into profitable ventures across the world. He most recently bagged the bankrupt Essar Steel in India, which was owned by the Ruia family. 8. Kumar Birla - $16.1 billion Standing at the 131th position in the world’s richest persons’ list, Kumar Birla has a net worth of $16.1 billion, which makes him the Eighth wealthiest person in India. The head of Aditya Birla Group which he inherits for the fourth generation in row, his group is concerned with producing cement and aluminum alongside retail, telecom and financial services. 9. Uday Kotak - $16.1 billion The founder of Kotak Mahindra Bank, Uday Kotak, occupies the fifth position on the list of India’s richest. With a net worth of $16.1 billion, Kotak takes 132nd place on the world’s richest persons’ list. 10. Dilip Shanghvi - $14.4 billion The tenth richest person in India is Dilip Shanghvi whose latest net worth is $14.4 billion. The founder of Sun Pharma, Dilip Shanghvi has turned his firm into the largest player in the manufacturing of specialty generic drugs. He has also invested in energy and oil ventures. On the world’s richest persons’ list, he ranks in the 146th position. See Also - <a href="https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms">Top 10 richest people in the world</a> <a href="https://www.businessinsider.in/top-10-largest-economies-in-the-world/articleshow/70547252.cms">Top 10 largest economies in the world</a> <a href="https://www.businessinsider.in/finance/news/list-of-top-20-richest-people-in-the-world/articleshow/74475220.cms">Top 20 richest people in the world</a>

Meet the top 10 richest person in India

Domestic smartphone brand <keyword id="19895414" type="General" weightage="100" keywordseo="lava" source="keywords">Lava</keyword> on Thursday launched a new smartphone -- Storm 5G, with a 6-78-inch display and 8GB of RAM. The smartphone will be available in two colour variants -- Gale Green and Thunder Black at a special introductory price of Rs 11,999 with select bank offers. It will go on sale starting December 28 on Amazon and the Lava e-store. "The <keyword id="19839284" type="General" weightage="20" keywordseo="Lava-Storm-5G" source="Orion">Lava Storm 5G</keyword> is tailored to meet these demands head-on. With its MediaTek Dimensity 6080 processor, 8GB RAM, and a cutting-edge 50MP+8MP camera setup, the Storm 5G is not just a device; it's a statement," Sumit Singh, Product Head, Lava International Limited, said in a statement. Storm 5G is powered by MediaTek Dimensity 6080, boasting an AnTuTu score exceeding 4,20,000, providing seamless gaming performance due to its powerful processor. It comes with a segment-best 8GB RAM for a lag-free user experience that is expandable up to 16GB, making it a perfect companion for avid gamers, the company said. It comes with 128GB storage, providing ample storage for games, apps, and multimedia content. The device features a large 17.22cm (6.78-inch) FHD+ IPS display along with a 120Hz refresh rate and Widevine L1 support that cut blur in animations, providing a crystal clear and lag-free viewing experience during gaming or while watching videos. The smartphone boasts a premium glass back design, with a 50MP along with an 8MP Ultra Wide Dual Rear Camera and a 16MP front camera for a superior photography experience and selfies. It is equipped with a large 5000mAh battery for uninterrupted daily usage, supplemented by 33W Fast Charging. SEE ALSO:<a href="https://www.businessinsider.in/india/webstories/mukesh-ambani-to-savitri-jindal-indias-richest-in-2023-and-their-wealth-change/slidelist/106175315.cms" target="_blank"></a> <a href="https://www.businessinsider.in/india/webstories/mukesh-ambani-to-savitri-jindal-indias-richest-in-2023-and-their-wealth-change/slidelist/106175315.cms" target="_blank">Mukesh Ambani to Savitri Jindal, India’s richest in 2023 and their wealth change</a><a href="https://www.businessinsider.in/tech/mobile/news/from-apple-to-samsung-and-more-best-premium-smartphones-to-hit-indian-market-in-2023/slidelist/106170677.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/from-apple-to-samsung-and-more-best-premium-smartphones-to-hit-indian-market-in-2023/slidelist/106170677.cms" target="_blank">From Apple to Samsung and more – Best premium smartphones to hit Indian market in 2023</a><a href="https://www.businessinsider.in/tech/apps/news/list-of-features-introduced-by-whatsapp-in-2023/articleshow/106141000.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/list-of-features-introduced-by-whatsapp-in-2023/articleshow/106141000.cms" target="_blank">Multi-device support to chat lock – key features introduced by WhatsApp in 2023</a>

Lava Storm 5G with 6.78-inch display, 8GB RAM launched in India

<ul class="summary-list"><li>Yang Huiyan, the chair of Chinese property giant Country Garden, lost about $29 billion of her wealth since June 2021.</li><li>According to Bloomberg, she lost $490 million on Tuesday alone as her company missed interest payments.</li></ul>Yang Huiyan — <a href="https://fortune.com/2023/08/01/asia-former-richest-woman-property-mogul-yang-huiyan-given-country-garden-charity-payout-826-million/">once Asia's wealthiest woman</a> — has lost more of her wealth than any billionaire since June 2021, as China's top property developer Country Garden grapples with a debt crisis.Since its peak in June 2021, chairperson <a href="https://www.bloomberg.com/news/articles/2023-08-09/country-garden-chair-has-lost-more-wealth-than-any-billionaire" target="_blank" rel="noopener">Yang's net worth has plummeted by 84%, or $28.6 billion</a>, Bloomberg reported. The 41-year-old's net worth is now $5.5 billion, <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">per Bloomberg's Billionaires Index</a>. These losses come as Country Garden <a href="https://www.reuters.com/markets/asia/chinas-country-garden-missed-two-dollar-bond-coupon-payments-2023-08-08/" target="_blank" rel="noopener">missed interest payments on two US-dollar-denominated bonds</a>, according to various media reports, including a Reuters report on Wednesday. The company now has a <a href="https://www.reuters.com/markets/asia/latest-china-developer-debt-woes-could-spur-policy-aid-industry-downbeat-2023-08-09/" target="_blank" rel="noopener">30-day grace period</a> to avoid an official default. The Foshan-based company's Hong Kong-listed stocks have plunged by 20.4% since Monday. Yang — who derives much of her wealth from a 52.6% stake in the company, per a Monday report by ratings agency Moody's seen by Insider — saw her wealth tank by about $490 million on Tuesday alone. Before taking over as majority shareholder of the company from her father in 2007, <a href="https://www.businessinsider.com/richest-alumni-big-ten-2011-4#ohio-state-university--yang-huiyan-class-of-2003-7" target="_blank" rel="noopener">Yang graduated from Ohio State University as part of the class of 2003</a> with a bachelor's degree in marketing and logistics.But Country Garden's fortunes have waned since. The company remains China's biggest property developer in sales, but its market value has more than halved since the start of the year, <a href="https://www.nytimes.com/2023/08/09/business/country-garden-china-real-estate.html" target="_blank" rel="noopener">according to the New York Times</a>.In July, the company reported <a href="https://www.bgy.com.cn/upload/file/2023-08-01/38770308-1bc2-4902-8b09-c093be8e1051.pdf" target="_blank" rel="noopener">sales of 128.76 billion yuan,</a> or $17.8 billion, in the first six months of the year, marking a 30% decrease compared to the same period last year.Yang — who became China's richest woman at 25 after the company's IPO — <a href="https://www.bloomberg.com/news/articles/2022-07-29/who-is-asia-s-richest-woman-savitri-jindal-surpasses-yang-huiyan-on-rich-list#xj4y7vzkg" target="_blank" rel="noopener">lost the spot of Asia's richest woman</a> in August 2022 to Savitri Jindal. Jindal is India's richest woman and chairperson emeritus of the Indian conglomerate O.P. Jindal Group, per Bloomberg.On July 30, Yang announced that <a href="https://www.bloomberg.com/news/articles/2023-07-31/country-garden-billionaire-to-transfer-826-million-in-shares" target="_blank" rel="noopener">she was giving away 55% of her shares in Country Garden to a charity founded by her younger sister</a> in a payout then valued at $826 million, per Bloomberg.Country Garden and Yang Huiyan did not respond to requests for comment sent by Insider.

The head of one of the biggest property developers in China was once Asia's richest woman. But her wealth has plunged by 84% since mid-2021 &mdash; and now her company's teetering on the brink of a crisis.

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