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New Delhi, Srichand Parmanand Hinduja, the eldest of the four <keyword id="333308" type="General" weightage="20" keywordseo="hinduja-brothers" source="Orion">Hinduja brothers</keyword> and chairman of the Hinduja Group, passed away in London on Wednesday. The <keyword id="840924" type="General" weightage="20" keywordseo="hinduja-family" source="Orion">Hinduja family</keyword> patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had however exonerated them. "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and chairman of Hinduja Group, Mr <keyword id="567842" type="General" weightage="20" keywordseo="s-p-hinduja" source="Orion">S P Hinduja</keyword> today," a spokesperson for the family said. A British national, he died in London after a prolonged illness. He was 87, a family spokesperson said. The Hinduja brothers were exonerated in 2005 due to a lack of evidence. The brothers who have been intensely secretive about the size of their wealth, have been sparring in British courts over control of family assets. "Gopichand, Prakash, Ashok, and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr. S P Hinduja today," the family spokesperson said in a statement. It described him as a "visionary and mentor to the family bestowing the founding principles and values of our late father, PD Hinduja. "He played a very important role alongside his brothers in building a strong relationship between his host country, the UK, and his home country, India," it said. "A titan amongst his peers, S P Hinduja truly lived and embodied the Hinduja Group's founding principles and values. A deeply spiritual and philanthropic person, he was courageous in action and generous at heart. His loss has left a huge void as the brothers have always been four bodies and one soul, the statement said. "The Hinduja family is in grief and sorrow at his demise. Our prayers to the Almighty to grant his soul eternal place at His Lotus Feet."

S P Hinduja, eldest of Hinduja brothers, passes away

British Prime Minister <keyword id="221875" type="General" weightage="80" keywordseo="Rishi-Sunak" source="Orion">Rishi Sunak</keyword> and his wife Akshata Murty have made their debut on the UK's '<keyword id="596197" type="General" weightage="80" keywordseo="Asian-Rich-list" source="Orion">Asian Rich List</keyword> 2022' topped by the <keyword id="840924" type="General" weightage="90" keywordseo="Hinduja-family" source="Orion">Hinduja family</keyword>. Sunak and his wife, whose father N R Narayana Murthy co-founded Indian IT major <keyword id="6354512" type="DOMAIN" weightage="20" keywordseo="infosys" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="infosys" meta.entityname="Infosys Ltd." meta.entityid="10960" meta.seoname="infosys-ltd">Infosys</keyword>, are ranked 17th on the list, with an estimated wealth of 790 million pounds. The combined wealth of this year's list sits at 113.2 billion pounds, an increase of 13.5 billion pounds over that of last year. The list is topped by the <keyword id="28125" type="DOMAIN" weightage="20" keywordseo="hinduja" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="hinduja" meta.entityname="Nxtdigital Ltd." meta.entityid="5318" meta.seoname="nxtdigital-ltd">Hinduja</keyword> family for the eighth consecutive time with an estimated wealth of 30.5 billion pounds, an increase of 3 billion pounds from the last year. Mayor of London Sadiq Khan presented a copy of the 'Asian Rich List 2022' to Ritu Chhabria, daughter of Gopichand Hinduja, Co-Chairman of the <keyword id="120582" type="General" weightage="100" keywordseo="hinduja-group" source="Orion">Hinduja Group</keyword> at the 24th annual Asian Business Awards at the Westminster Park Plaza hotel on Wednesday night. Hinduja Group is an Indian transnational conglomerate. The group is present in eleven sectors. Addressing the gathering, Chief Guest Oliver <keyword id="14278602" type="General" weightage="80" keywordseo="dowden" source="Orion">Dowden</keyword>, MP, Chancellor of Dutchy of Lancaster, said: "every year, we see the British Asian Community continue to grow in stature which comes as no surprise to me personally." "Throughout my life, I have seen first-hand the hard work, determination and entrepreneurship of the British Asian community. And, of course, in my latest job, I have a British Asian Boss, my very good friend Mr Rishi Sunak, the United Kingdom's first-ever British Asian Prime Minister," Dowden said. Sunak made an impressive comeback to become the UK's first Indian-origin Prime Minister on October 25, seven weeks after he had lost the race for 10 Downing Street to Liz Truss. The 42-year-old investment banker-turned-politician is the youngest British Prime Minister in 210 years and also the UK's first Hindu Prime Minister. "I want to say thank you. The British Asian business community is widely recognised as one of the most successful entrepreneurial groups ever. It is a remarkable story of building businesses creating jobs and amassing wealth. And as outlined in this year's Asian Rich List, Asian entrepreneurs have enriched Britain in all aspects of our national life," Dowden said. This year's Asian Rich list boasts 16 billionaires from the UK, one more than the last year with most of the billionaires seeing their wealth increase or stay the same as last year. Sri <keyword id="1834928" type="General" weightage="50" keywordseo="prakash-lohia" source="Orion">Prakash Lohia</keyword> and his family have seen the biggest increase in wealth on this year's list, a rise of 4 billion pounds to 8.8 billion pounds. Lakshmi Mittal and his son Aditya (12.8 billion pounds) and Prakash Lohia and family (8.8 billion pounds) and Nirmal Sethia (6.5 billion pounds) are other richest on the list. Shailesh R Solanki, the Executive Editor of Asian Marketing Group (AMG) and the host of the event, said: "The Asian Rich list is carefully compiled by a team of experts and it is the definitive guide to Asian wealth in Britain." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/radiation-emitted-from-mobile-towers-has-no-ill-effects-on-human-health-experts/articleshow/95743681.cms">Radiation emitted from mobile towers has no ill effects on human health: Experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/germany-relaxes-schengen-visa-rules-for-indians/articleshow/95757566.cms">Germany relaxes Schengen visa rules for Indians</a>

UK's Asian Rich list: Hinduja family retain top spot, UK PM Sunak, his wife make debut

New Delhi, Jun 25 () A USD 11 billion business empire spread over 38 countries that includes banks, India's second-largest truck maker and lubricant making firms is at the heart of a legal dispute in the Hinduja family that is now playing out in a London court. Four Hinduja brothers -- Srichand, Gopichand, Prakash and Ashok -- had in 2014 signed on a document saying the assets held by one brother belong to all, and that each of them will appoint the others as their executors. But now family patriarch Srichand Hinduja, 84, and his daughter Vinoo want the letter to be declared of "no legal effect" and the family's assets be separated as per his wish of 2016. Hinduja Group has presence in auto, financial services, IT, media, infrastructure, energy and chemicals and healthcare sectors. Differences among the brothers, who shot into prominence in the 1980s when they were accused of taking a commission from Swedish firm Bofors to secure a defence contract of procuring heavy artillery for India, cropped up over control of a bank the group has in Switzerland. The four brothers have been inseparable, putting up joint appearances in the Bofors case investigation and court hearings. However, the charges against them could not be proven in court. Gopichand, Prakash and Ashok tried to use the 2014 letter to take control of Hinduja Bank -- an asset that was in Srichand's sole name, resulting in the legal battle. Vinoo and Srichand Hinduja now want the court to agree that the document has no legal standing and can be revoked. Hinduja Bank has Shanu Hinduja, the other daughter of Srichand, as chairperson, and her son Karam was appointed CEO just last week. It was not immediately known if the 2014 document, which is at the centre of the dispute, is an informal agreement, a will or the basis of a family constitution. Ashok Leyland, India's second largest truck and bus manufacturer, is the flagship firm of the Hinduja Group. Lubricant maker Gulf Oil Lubricants India Ltd is the other listed firm of the group, while Hindujas hold 14.34 per cent in IndusInd Bank Ltd that has a market-cap of over Rs 33,000 crore. According to the company website, Hinduja Group was started by Parmanand Deepchand Hinduja with an office in Iran. "Merchant Banking and Trade were the twin pillars of the Group's business. The Group remained headquartered in Iran till 1979. It then moved to Europe," it said. The group also has a BPO, the Bengaluru-headquartered Hinduja global Solutions (HGS). It had through Gulf Oil Corp Ltd acquired lube and industrial oil maker Houghton International in December 2012. Besides IndusInd Bank, the group in 1994 set up Hinduja Bank (Switzerland) Ltd. Making its foray into the power sector, Hinduja National Power Corp Ltd set up a 1,040 MW coal-based merchant power plant at Visakhapatnam in Andhra Pradesh. The group's NXTDigital offers cable and DTH services. Hinduja Realty Ventures (HRVL) is flagship real estate development arm of the Hinduja group which also runs a hospital in Mumbai. Eldest of the four brothers, Srichand is the chairman of the Hinduja Group, Hinduja Bank of Switzerland and Hinduja Foundations. He has two daughters -- Shanu and Vinoo. Gopichand, 79, is the co-chairman of Hinduja Group and chairman of Hinduja Automotive Ltd, UK, while Prakash, 75, is the chairman of Hinduja Group (Europe). Gopichand has two sons, Sanjay and Dheeraj and a daughter, Rita. Prakash has two sons, Ajay and Ramkrishan, and a daughter Renuka. Youngest of the siblings, Ashok, 69, is the chairman of Hinduja Group of Companies (India). He has two daughters, Ambika and Satya, and one son, Shom. Ashok Leyland, Gulf Oil and IndusInd Bank, the three BSE-listed firms, do not have any individual shareholding of the family, as per data provided by the companies to the exchange. These companies have promoter group entities holding stakes. Hinduja Global Solutions, the BPO service provider, is the only group company that has members of the Hinduja family directly holding shares. The promoter stake of Hinduja flagship firm Ashok Leyland is split into four entities -- Hinduja Bank (Switzerland), Hinduja Automotive, Hinduja Foundries Holding and CitiBank NA -- making up nearly 52 per cent stake. No Hinduja family member holds any direct stake in Ashok Leyland, as per the BSE data. It is not known how much each brother holds in these companies. The brothers have been ranked together in rich lists. Among the third generation of the family Vinoo, Sanjay, Dheeraj, Ajay, Ramkrishan (Remi) and Shom Hinduja are involved with the group, while Shanu, Ritu, Ambika and Satya Hinduja are not engaged in the business. Dheeraj Hinduja, son of Gopichand Hinduja, is the chairman of Ashok Leyland. Dheeraj's brother Sanjay Hinduja chairs Gulf Oil. Their cousins Vinoo, Shom, Ambika and Shanoo are listed under the promoter group of Hinduja Solutions. ANZ ABM ABM

Hinduja family feud: $11 bn empire of truck making, lubricants, banks at stake

<ul><li>Reliance Industries’ chairman Mukesh Ambani has topped the Hurun rich list for the eight time in a row. </li><li>Mukesh Ambani is worth as much as ₹380,700 crore. </li><li>He is also worth more than the country’s second and third richest --SP Hinduja family and <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>, respectively. </li></ul>Mukesh Ambani, chairman of Reliance Industries, is worth as much as ₹380,700 crore. Not only does that make him the richest man in India, he is also worth more than the country’s second and third richest who are --SP Hinduja family and Azim Premji, respectively. This is according to a new rich list compiled by Hurun Research Institute. Reliance Industries’ chairman Mukesh Ambani has topped the Hurun rich list for the eight time in a row. The owners of oil-to-banking <keyword id="120582" type="COMPANY" weightage="20" keywordseo="Hinduja-Group">Hinduja group</keyword>, SP Hinduja and family control a wealth of ₹186,500 crore. A few months back, Hindujas were in the running to acquire Jet Airways, but the deal fell through. The third richest person is Azim Premji, the former chairman of technology major Wipro, is worth ₹117,100 crore. As many as 953 new names were added to the list, which has increased by 122 people from last year. Here are the top 10 richest people in India, according to the list. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Rank </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Name </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Wealth (₹ crore) </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Company </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">1 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Mukesh Ambani </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">380,700 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Reliance Industries </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">2 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">SP Hinduja &amp; family </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">186,500 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Hinduja </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">3 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Azim Premji </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">117,100 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Wipro </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">4 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">LN Mittal &amp; family </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">107,300 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">ArcelorMittal </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">5 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Gautam Adani &amp; family </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">94,500 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Adani Ports &amp; SEZ </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">6 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Uday Kotak </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">94,100 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Kotak Mahindra Bank </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">7 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Cyrus S Poonawalla </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">88,800 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Serum Institute of India </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">8 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Cyrus Pallonji Mistry </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">76,800 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Shapoorji Pallonji </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">8 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Shapoor Pallonji Mistry </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">76,800 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Shapoorji Pallonji </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">10 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Dilip Shanghvi </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">71,500 </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 2pt 0pt 2pt;">Sun Pharmaceutical Industries </td></tr></tbody></table> See also: 
 <div type="Article" hostid="261" msid="71296007" title="How does Mukesh Ambani – India’s richest man – and his family spend their US$50 billion fortune?" mstype="2" mssubtype="0"></div>

Mukesh Ambani is richer than the Hindujas and Azim Premji put together

<ul><li>The top <keyword id="8153180" type="UNKNOWN" weightage="20" keywordseo="5-richest-families-in-India">5 richest families in India</keyword> hold a combined wealth of ₹9,22,600 crore crore. </li><li>The list includes Ambani who have ₹3,80,700 crore, Godrejs who have ₹1,57,000 crore and Hindujas who control ₹1,86,500 crore; occupy the top three positions. </li><li>According to the Hurun Research Institute, the top 10 <keyword id="6908858" type="UNKNOWN" weightage="20" keywordseo="richest-families-in-india">richest families in India</keyword> control more than half the country's businesses. </li></ul>The top ten richest families in India have a combined wealth of a massive ₹9,22,600 crore. And, they are not shy of showing it. According to Hurun Research Institute, the top 10 richest families in India control more than half the country's businesses. From the Ambani's family whose ₹3,80,700 crore comes from Reliance Industries; to Wadias who control a textiles-to-airlines group, here's a rundown of 10 wealthiest families in India. <keyword id="881409" type="PERSON" weightage="20" keywordseo="Ambani-family">Ambani Family</keyword> and their splendid lifestyle <div type="image" title="Mumbai: Industrialist Mukesh Ambani and wife Nita Ambani at the book launch of t..." msid="71323910" hostid="261" caption="Industrialist Mukesh Ambani and wife Nita Ambani at the book launch of the book &amp;#39;A Journey Forever&amp;#39; Authored Vijay Haribhakti (3rd from L) in Mumbai.Photo/Mitesh Bhuvad)("></div>
NetWorth: ₹3,80,700 crore Source of Income: Reliance Industries 
 Mukesh Ambani, his wife Nita, and their three children – Akash, Isha, Anant – make up India's richest family, whose wealth is at ₹3,80,700 crore. The whole country is in awe of them not just because of the wealth, but their glimmering lifestyle. The twins Akash and Isha’s weddings captured national and international attention. Not only did all of Bollywood dance to it, international popstar Beyonce's too performed at one of the functions. 
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 The Ambanis also reside at one of the world's most expensive homes Antilia — the 27-storey skyscraper in Mumbai that allegedly costs a billion dollars. Mukesh Ambani, chairman of Reliance Industries, was named richest person in India in the Hurun rich list for the 8th time in a row. His wealth is more than the combined wealth of country’s second and third richest who are --SP Hinduja family and Azim Premji, respectively. The <keyword id="2349569" type="PERSON" weightage="20" keywordseo="Godrej-family">Godrej family</keyword> is made of old money and new <div type="image" title="a33b9cac8ff8e00ea7d73291ba4100cd" msid="71324115" hostid="261"></div>
Networth: ₹1,57,000 crore Source of Income: Godrej Group The Mumbai-based Godrej family built its fortune from multiple businesses with interests across consumer goods, real estate, white goods and more. The patriarch of the family is Adi Godrej, the 77-year-old Indian billionaire with a net worth of US$2.9 billion. The 122-year-old conglomerate r<a href="https://www.livemint.com/companies/news/godrej-family-locked-in-a-dispute-over-land-seeks-external-advice-1561659296389.html">ecently ran into disputes over a vast land they hold in Mumbai</a>. The family sought external help to resolve the dispute. The Hindujas 
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 Networth: ₹1,86,500 crore Source of Income: The <keyword id="120582" type="COMPANY" weightage="20" keywordseo="Hinduja-Group">Hinduja Group</keyword> The Hinduja family has four siblings — Srichand, Gopichand, Prakash and Ashok. They run London-based conglomerate, the Hinduja group, which generates an annual revenue of $50 billion. P D Hinduja founded a merchant bank and trading company in 1914. Now, its trading operations are spread across every commodity except tobacco, alcohol and meat. It also expanded to many sectors including energy, foundries and more. The group is the fourth largest bus manufacturer in the world. In two decades, the Hinduja brothers increased their networth by 1,590%, from $1 billion in 1999 to $16.9 billion in 2019, <a href="https://www.forbes.com/profile/hinduja/#62a154084482">according to Forbes. </a> The Hinduja brothers are also one of the wealthiest in the UK. <a href="https://www.google.com/search?hl=en&amp;ei=QouNXZnaI4y89QOPxLGQDw&amp;q=Hidujas+asian+rich+list&amp;oq=Hidujas+asian+rich+list&amp;gs_l=psy-ab.3..33i21j33i160l2.87196.89511..89548...0.2..1.418.1880.2-2j3j1......0....1..gws-wiz.......0i71.58yxa5aXmYM&amp;ved=0ahUKEwiZg8PRkPDkAhUMXn0KHQ9iDPIQ4dUDCAs&amp;uact=5">The family’s net worth saw an increase of over three billion pounds in one year</a>, reported the Asian Rich List that positioned the family number one. They live in august company as their Carlton House Terrace mansion is close to Buckingham Palace in London. Adanis are in shipshape 
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 Networth: ₹120,900 crore Source of Income: The Adani Group Adanis family consists of billionaire <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword>, his seven siblings and their families, is probably the largest family in the list. Their fortune is worth ₹120,900 crore, and the group owns India’s largest private port in Gujarat. The Adani group interests span across logistics, energy, agriculture, defense, and aerospace. In 25 years, Adani built one of India's largest infrastructure companies worth ₹4,700 crore. Adani group’s six companies — had a turnover ₹77,000 crore with ₹20,141 crore as operating profit in 2017-18. The Damanis of Dalal Street 
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 Networth: ₹77,500 crore Famous investor Radhakishan Damani along with his wife, daughter and brother form the country’s fifth richest family. They own the popular retail store D-Mart, is the primary source of the family’s vast income. Damani is a famous investor whose wealth doubled after a stellar listing of the retail chain on the stock exchanges in 2017. His daughter Manjri Chandak is a director at D-Mart. Radhakishan Damani who is often called the ‘Warren Buffet of India’, was also a mentor to ace investor, <keyword id="6398943" type="PERSON" weightage="20" keywordseo="rakesh-jhunjhunwala">Rakesh Jhunjhunwala</keyword>. The family has holdings in VST Industries, Sundaram Finance, India Cements, and Blue Dart. The family also owns the Radisson Blu resort at Alibaug, near Mumbai.

Here are the 5 richest families in India — who together hold a fortune of ₹9,22,600 crore

<ul><li>The case has been brought by Srichand Parmanand <keyword id="28125" type="DOMAIN" weightage="20" keywordseo="hinduja">Hinduja</keyword>, 84, described as the "patriarch" of the family, against brothers G P Hinduja, 80, P P Hinduja, 75, and <keyword id="2048248" type="PERSON" weightage="20" keywordseo="A-P-Hinduja">A P Hinduja</keyword>, 69, and revolves around the "validity and effect" of a letter dated July 2, 2014. </li><li>The letter includes statements to the effect that the brothers appoint each other as their executors, and that assets held in any single brother's name belong to all four. A related second letter, dated July 1, 2014, is also linked to the dispute. </li><li>The High Court judgment makes references to the family's other legal proceedings, including over Hinduja Bank in Switzerland and confidential proceedings in Jersey. </li></ul> The UK-based <keyword id="333308" type="COMPANY" weightage="20" keywordseo="Hinduja-brothers">Hinduja brothers</keyword> are locked in a legal dispute in the High Court in England over their <keyword id="9455061" type="UNKNOWN" weightage="20" keywordseo="billionaire-family-assets">billionaire family assets</keyword>, it emerged in a ruling in London. The case has been brought by Srichand Parmanand Hinduja, 84, described as the "patriarch" of the family, against brothers G P Hinduja, 80, P P Hinduja, 75, and A P Hinduja, 69, and revolves around the "validity and effect" of a letter dated July 2, 2014. The letter includes statements to the effect that the brothers appoint each other as their executors, and that assets held in any single brother's name belong to all four. A related second letter, dated July 1, 2014, is also linked to the dispute. "In summary, SP seeks a declaration that neither document has legal effect, whether as a will, power of attorney, declaration of trust or other binding document, or alternatively that the documents are revocable and have been revoked," <keyword id="9455060" type="UNKNOWN" weightage="20" keywordseo="justice-sarah-falk">Justice Sarah Falk</keyword> notes in her judgment on Tuesday. "Additional relief is also sought, in particular an injunction restraining use of the documents and an account of the persons to whom the documents have been submitted and steps taken in reliance on them," she notes. Presiding over a private hearing in the Chancery Division of the High Court, Justice Falk also partially ruled against a privacy order in the case and agreed for S P Hinduja's daughter, Vinoo, to act on her father's behalf as his "litigation friend" and safeguard her father's interests due to his ill health as a result of a form of dementia. "I have concluded that the court should exercise its power under CPR 21.6 to appoint Vinoo as SP's litigation friend...There is no evidence to indicate that Vinoo's statement that her father has asked her to act for him in the proceedings because he is unable to do so is anything other than accurate," the ruling notes. The High Court judgment makes references to the family's other legal proceedings, including over Hinduja Bank in Switzerland and confidential proceedings in Jersey. It also notes that the three defending brothers contend that they have been prevented from seeing their eldest brother, Srichand P Hinduja, for some time. "It will be apparent from the judgment of the High Court in England, that Mr S P Hinduja's health has been deteriorating for a number of years suffering from Lewy Body disease, which is a form of dementia. Vinoo, his younger daughter, acting as his Litigation Friend is bringing these proceedings on his behalf," said a joint statement by G P, P P and A P Hinduja. "It is very unfortunate that these proceedings are taking place as they go against our Founder's and family's values and principles that have stood for many decades, especially, 'everything belongs to everyone and nothing belongs to anyone'. We intend to defend the claim to uphold these dearly held family values," they note. Referring to the issue as "private family matters" now subject to litigation, they add: "We would also stress that this litigation will not have any impact on our global businesses, which will continue to function as they have been." The Hinduja brothers, who run the <keyword id="120582" type="COMPANY" weightage="20" keywordseo="Hinduja-Group">Hinduja Group</keyword> of companies, have an estimated fortune of 16 billion pounds, according to the 2020 'Sunday Times Rich List'. Their business conglomerate, based in Mumbai and headquartered in London, covers a wide range of sectors including automotive, hospitality, banking and healthcare. AK SCY SCY

The $13 billion Hinduja brothers, the richest people in the United Kingdom, are fighting with each other over a letter dispute

<ul><li>Indian IT industry’s czar, <keyword id="6419840" type="UNKNOWN" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>, is the <keyword id="8148312" type="UNKNOWN" weightage="20" keywordseo="richest-tech-billionaire">richest tech billionaire</keyword> in the country worth $16.5 billion. </li><li>In the past, Premji has stated that being rich does not ‘thrill him.’</li><li>Currently, his donations to charity are greater than his net worth at $21 billion.</li></ul>Wipro’s Azim Premji — the czar of the Indian IT industry — didn’t top the IIFL Wealth Hurun India Rich list for this year but he’s still the richest tech billionaire. The only two people richer than him are Mukesh Ambani and the Hinduja family. He’s also the only tech billionaire in the top ten of the list. But, that’s not what sets him apart. Premji’s <a href="https://www.businessinsider.in/wipro-chairman-azim-premji-has-now-increased-his-charity-contribution-to-a-total-of-21-billion/articleshow/68395458.cms">total contribution to philanthropy</a> currently stands at ₹148,925 crore ($21 billion). That’s greater 30% greater than his current net worth of ₹117,100 crore ($16.5 billion), according to the report by Hurun Report India and IIFL Wealth Management. There’s no ‘thrill’ to being rich Premji has appeared among the ‘100 Most Influential People’ by TIME Magazine twice — in 2004 and again in 2011. In 2013, he agreed to give away half of his wealth when he signed the The Giving Pledge — an initiative led by two of the richest men in the world, Warren Buffet and Bill Gates. He was the first Indian to sign up for the campaign stating that being rich ‘did not thrill him’. Earlier this year, Premji set aside 34% of Wipro’s shares for his charity — the Azim Premji Foundation. Adding up earlier donations, 67% of Premji’s shares are now earmarked for the charity. The Azim Premji Foundation is a not-for-profit organisation that has been working towards improving the elementary education system in rural government schools since 2000. See also: <a href="https://www.businessinsider.in/gautam-adanis-wealth-multiplied-nearly-3-times-in-the-last-four-years/articleshow/71304596.cms">Gautam Adani's wealth multiplied nearly 3 times in the last four years</a> <a href="https://www.businessinsider.in/mukesh-ambani-is-richer-than-the-hindujas-and-azim-premji-put-together/articleshow/71295970.cms">Mukesh Ambani is richer than the Hindujas and Azim Premji put together</a> <a href="https://www.businessinsider.in/wipro-chairman-azim-premji-has-now-increased-his-charity-contribution-to-a-total-of-21-billion/articleshow/68395458.cms">Azim Premji has now set aside $21 billion to charity, 67% of economic ownership of Wipro</a>

India’s richest tech billionaire has given away more money than what he has right now

<ul><li><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, chairman of Reliance Industries may become one of the top five richest men in the world, as per Hurun Research Institute. </li><li>His net worth stood at ₹380,700 crore — making him the richest person in India. </li><li>Only eight people in the world are wealthier than Mukesh Ambani. </li></ul>Mukesh Ambani has been having a great year in 2019, after he struck $15 billion deal with Saudi Aramco, and as the telecom tariff war has ended. If you think he has peaked, you are mistaken. In the next three years, he might become one of the five richest men in the world, as per Hurun Research. If he manages to achieve that, he would be the first Indian in it. “The next millions for Ambani would come in from telecom and retail and all the things he is building around it. So, it would come from broadband, the Internet and the entire ecosystem, and his plans to integrate kirana stores with the telecom infrastructure, among others,” Rupert Hoogewerf, founder and Chairman of Hurun Report <a href="https://www.thehindubusinessline.com/economy/huruns-list-mukesh-ambani-may-soon-break-into-top-5/article30259407.ece#">told</a> BusinessLine. Last week, his net worth stood at ₹380,700 crore — right after the market value of his company swelled to ₹10 lakh crore. That made him the ninth richest in the world as per,<a href="https://www.forbes.com/sites/meghabahree/2019/12/03/indias-mukesh-ambani-is-now-among-the-top-10-richest-in-the-world/#f30502a35603"> according to Forbes. </a> Ambani is already richer than Google Founder <keyword id="100155" type="PERSON" weightage="20" keywordseo="Larry-Page">Larry Page</keyword> and Micheal Bloomberg, who is now busy making a bid for a Presidential nomination is the US. However, on Hurun list, Ambani ranks as the tenth richest man in the world. In India too, his riches are unparalleled. Not only is he the richest person in India but he also has more wealth than the second and third richest combined — SP Hinduja family and <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>. He is also the only Asian in the Forbes list of top 10 richest people. This August, Reliance Industries unveiled a list of plans which is to turn completely debt free by 2020. He also said that in the future he would spin off his retail and telecom businesses into individual companies and unlock value in them. That resulted in a boost of his stock price, as shareholders await a bonanza from public offerings of both companies.

In 3 years, Mukesh Ambani might be one of the five richest people in the world

The year 2022 recorded an escalation in material costs due to curtailed production amid the pandemic and increased international shipping costs led by supply chain bottlenecks. The overall construction cost of greenfield infrastructure projects increased by 5-7 per cent in the third quarter of 2022 (July-September), said leading real estate consulting firm <keyword id="6376943" type="General" weightage="100" keywordseo="cbre" source="Orion">CBRE</keyword> South <keyword id="21718" type="General" weightage="50" keywordseo="asia" source="Orion">Asia</keyword> in a report on Thursday. The report examines the current market landscape and deliberates on factors influencing cost trends across key asset classes. Labour costs increased by 8-10 per cent and reinforcement steel prices by about 20 per cent year-on-year during Q3 2022. Looking ahead, the CBRE report said inflationary pressures are widely expected to abate in 2023. "This, alongside the resolution of supply chain disruptions and more active policy intervention from the government, might limit hikes in material prices," it said. The outlook for construction costs remains stable but cautious as market volatility is likely to persist in 2023 along with monetary tightening, continued high inflation, a possibility of a recession in developed economies and geopolitical turmoil-related challenges. CBRE report forecasts a marginal rise in the overall construction costs during 2023 across cities, with Mumbai likely to witness a sharper rise. Fuel price volatility may also impact the overall input costs in 2023. "Despite supply constraints, the demand side of the equation is bolstered this year by rental increases and market demand. Construction demand is likely to remain strong in the near term. We expect a comparatively stable outlook for the <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>n economy with the possibility of potential economic slowdown; however, considerable pent-up demand for new construction--including government infrastructure projects--should largely sustain construction activity in India," said Anshuman Magazine, Chairman and CEO - India, South-East Asia, <keyword id="30350" type="General" weightage="50" keywordseo="middle-east" source="Orion">Middle East</keyword> and <keyword id="12925" type="General" weightage="50" keywordseo="africa" source="Orion">Africa</keyword> of CBRE. According to <keyword id="3956981" type="General" weightage="50" keywordseo="gurjot-bhatia" source="Orion">Gurjot Bhatia</keyword>, Managing Director, Project Management - India, SE Asia, Middle East, and Africa: "As the cost of major materials such as cement and steel has declined quarter-on-quarter and a gradual improvement in supply chain bottlenecks was witnessed during Q3 2022, construction cost has stabilised across asset classes and cities." Despite headwinds, construction demand is expected to remain strong in the near term, <keyword id="4943" type="General" weightage="50" keywordseo="bhatia" source="Orion">Bhatia</keyword> said, adding that considerable pent-up demand for new construction should largely sustain the marginal increase in the cost of construction. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/retail-inflationary-pressures-expected-to-ease-with-fresh-kharif-arrivals-finance-ministry/articleshow/95760372.cms">Retail inflationary pressures expected to ease with fresh Kharif arrivals: Finance Ministry</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/uks-asian-rich-list-hinduja-family-retain-top-spot-uk-pm-sunak-his-wife-make-debut/articleshow/95761539.cms">UK's Asian Rich list: Hinduja family retain top spot, UK PM Sunak, his wife make debut</a>

Construction cost of greenfield infra projects increased by 5-7% Q32022: CBRE

<ul class="summary-list"><li>A Swiss court convicted four members of the UK's richest family of exploiting staff at their Geneva villa.</li><li>The family was given sentences ranging from four to four-and-a-half years.</li></ul>A Swiss court has convicted four members of the UK's richest family of exploiting staff at their Geneva mansion.The court found Prakash Hinduja, his wife Kamal, their son Ajay, and Ajay's wife Namrata guilty of exploitation and illegal employment, the <a target="_blank" href="https://www.bbc.co.uk/news/articles/c3ggl6pe52eo">BBC</a> reported.They were given sentences ranging from four to four-and-a-half years, the report said.More serious charges of human trafficking were dismissed.The ruling followed claims by three workers at the villa that the family had taken their passports, paid them as little as $8 to work 18-hour days, and barred them from leaving the house, which is located in <a target="_blank" href="https://www.businessinsider.com/train-ride-geneva-switzerland-to-milan-italy-worth-it-2023-12">Geneva's</a> wealthy Cologny neighborhood — a hot spot for wealthy buyers that has attracted the heirs to several fortunes, including Chanel and Peugeot, per <a target="_blank" href="https://www.mansionglobal.com/articles/with-elegance-and-cachet-cologny-is-geneva-s-most-attractive-suburb-100191">Mansion Global</a>.The workers, who were brought to <a target="_blank" href="https://www.businessinsider.com/category/switzerland">Switzerland</a> from <a target="_blank" href="https://www.businessinsider.com/category/india">India</a>, also received little or no vacation time and slept in the basement, sometimes on a mattress on the floor, <a target="_blank" href="https://apnews.com/article/hinduja-switzerland-geneva-human-trafficking-exploitation-india-b0a40f9872ea096c4722754c1267490b">the Associated Press reported</a>.Lawyers representing the family said they would appeal the decision, per the BBC.Robert Assael, a lawyer for the family, said outside the court: "I'm shocked. We're going to fight it to the bitter end."<h2 id="a897e166-d7b2-4551-b968-e94f32ab96cf">The Hinduja family</h2>The family has a net worth of £37.196 billion, which is just over $47 billion, making them the UK's wealthiest family, according to the Sunday Times Rich List 2024.Prakash and his three brothers lead a family conglomerate that has interests in finance, healthcare, real estate, media, energy, and information technology, among other areas. Their companies operate across 48 countries, per the report.The family owns the five-star luxury Raffles Hotel in London, where the cheapest room usually costs more than £1,000 (around $1,200) a night, and the most expensive, the Haldane suite, can cost £25,000 (roughly $31,600) a night.The family also owns a 25-bedroom mansion on Carlton House Terrace, an exclusive street overlooking St James's Park in central London.In 2015, Gopichand Hinduja, Prakash's brother, told the Times of London that the family did not spend more than one in five nights at the 67,000-square-foot home due to fears that it may bring them bad luck."Indians are very sentimental, emotional and they believe in omens and good luck," Gopichand Hinduja said."Although this has been built for the whole family, my wife and the family don't want to move here because they say that [our old house] has good luck . . . I can tell you the occupancy [here] is not more than 20 per cent," he added.

4 members of UK's richest family convicted of exploiting servants at Swiss mansion

<ul><li>Mukesh Ambani saw a 24% increase in wealth and earns ₹7 crore (almost a million dollars) every hour. </li><li>However, that’s a ninth of what Amazon founder Jeff Bezos earns per hour. </li><li>Jeff Bezos, who’ worth $140 billion, earns $8.9 million in an hour. </li><li>Whereas, <keyword id="309765" type="PERSON" weightage="20" keywordseo="Bernard-Arnault">Bernard Arnault</keyword>, the richest person in Europe and second richest person in <a href="https://www.businessinsider.in/entertainment/fashion/meet-bernard-arnault-the-richest-person-in-europe-whos-worth-80-billion-and-controls-lvmh-the-worlds-largest-maker-of-luxury-goods/articleshow/68222030.cms">the world makes $4,458,333 per hour</a>. </li></ul>As the clock chimes every hour, India’s richest man Mukesh Ambani makes ₹7 crore more. With this per-hour rate of earning, his coffers swelled by 24% last year leaving him with a networth of $67 billion (close to ₹48,000 crore). As wonderful as that sounds, Ambani is only making one a ninth of what the world’s richest man, <keyword id="6713484" type="PERSON" weightage="20" keywordseo="Jeff-Bezoes">Jeff Bezoes</keyword> earns. Amazon founder Jeff Bezos, who’s worth $140 billion, earns $8.9 million (about ₹63 crore) an hour. While Ambani is personally far away from itching close to Bezos, his company Reliance Industries hit ₹10 lakh crore in market cap or around $140 billion, last year. Which means at a personal level, Bezos is worth as much as RIL. However, Bezos who makes $2,489 a second, as per <a href="https://www.businessinsider.in/tech/we-did-the-math-to-calculate-how-much-money-jeff-bezos-makes-in-a-year-month-week-day-hour-minute-and-second/articleshow/66077481.cms#:~:text=Bezos'%20rate%20is%20equivalent%20to,Labor%20Statistics%20%E2%80%94%20in%20one%20minute.">Business Insider’s estimates, has a business that is thriving at a global level.</a> Amazon’s market cap is much higher at $991.6 billion (close to ₹69 lakh crore). According to the ninth edition of Hurun Global Rich List 2020, Mukesh Ambani, the chairperson of Reliance Industries added $13 billion to his wealth in 2019 — thanks to <a href="https://www.businessinsider.in/business/corporates/news/-mukesh-ambani-owned-reliance-jio-loses-customers-but-makes-2-billion-in-3-months/articleshow/73335783.cms">Jio which is now making $2 billion a quarter.</a> He is the ninth richest person in the world and the only Asian in the Top 10. The other Indians who succeeded Ambanis in wealth are SP Hinduja family at $27 billion; <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword> at $17 billion; <keyword id="44903" type="PERSON" weightage="20" keywordseo="Shiv-Nadar">Shiv Nadar</keyword> and family at around $17 billion; and <keyword id="29201" type="PERSON" weightage="20" keywordseo="Lakshmi-Mittal">Lakshmi Mittal</keyword> with $15 billion, as per Hurun list. Jio: A big win The secret behind Ambani’s increase in wealth is the success of his telecom and retail ventures. Reliance Jio’s revenue increased by 28.2% to ₹16,517 crore ($2.3 billion) in the third quarter ending December. Its margins, too, improved from 18.3% to 22% after the recent tariff hikes across its 370 million users. However, Ambani has been bringing in investments across businesses be it refining or telecom, and moving towards making his empire light on debt. “Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword>, refining and petrochemicals,” reported Hurun Research. See also: <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-industries-is-now-worth-10-lakh-crore-heres-why/articleshow/72275404.cms">Four reasons why Mukesh Ambani’s Reliance Industries is now worth ₹10 lakh crore</a> <a href="https://www.businessinsider.in/business/corporates/news/-mukesh-ambani-owned-reliance-jio-loses-customers-but-makes-2-billion-in-3-months/articleshow/73335783.cms">Three-year-old Jio is now making $2 billion in 3 months ⁠— and it is weeding out the low-spenders and making data addicts pay more</a>

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S P Hinduja, eldest of Hinduja brothers, passes away

PTI

UK's Asian Rich list: Hinduja family retain top spot, UK PM Sunak, his wife make debut

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Hinduja family feud: $11 bn empire of truck making, lubricants, banks at stake

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Mukesh Ambani is richer than the Hindujas and Azim Premji put together

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Here are the 5 richest families in India — who together hold a fortune of ₹9,22,600 crore

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The $13 billion Hinduja brothers, the richest people in the United Kingdom, are fighting with each other over a letter dispute

PTI

India’s richest tech billionaire has given away more money than what he has right now

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In 3 years, Mukesh Ambani might be one of the five richest people in the world

Prerna

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Construction cost of greenfield infra projects increased by 5-7% Q32022: CBRE

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4 members of UK's richest family convicted of exploiting servants at Swiss mansion

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Amazon's Jeff Bezos' personal net worth is as big as RIL — and twice as much as Mukesh Ambani

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