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Top 10 richest women in the world in 2024

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

<ul class="summary-list"><li>Elon Musk said he hopes to bring SpaceX's Starlink satellite internet service to India.</li><li>He's coming up against Asia's richest person Mukesh Ambani, who runs telecom giant Reliance Jio.</li></ul>Elon Musk is eyeing the massive Indian market, saying he hopes to bring SpaceX's Starlink satellite internet service into the country after meeting with Prime Minister Narendra Modi earlier this week.Musk <a href="https://www.aninews.in/news/world/us/i-am-a-fan-elon-musk-after-meeting-pm-modi-planning-to-visit-india-next-year20230621055642/" target="_blank" rel="noopener">told reporters on Tuesday</a> he was keen to launch Starlink in India as the service "can be incredibly helpful" in remote villages, per India's ANI agency.But Musk, who is the CEO of SpaceX, is coming up against strong competition in the form of billionaire Mukesh Ambani.Ambani is the chairman and managing director of conglomerate Reliance Industries. He's Asia's richest person, with a net worth of nearly $88 billion, according to the <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/#xj4y7vzkg" target="_blank" rel="noopener">Bloomberg Billionaires Index.</a> Ambani's Reliance owns telecommunications giant Reliance Jio, the leading telecom provider in India with 439 million users, per <a href="https://www.reuters.com/technology/battle-billionaires-musks-starlink-eyes-india-ambani-resists-2023-06-22/">Reuters</a>.<h2>Reliance Jio vs. Starlink</h2>The two companies have different stances on how the Indian government's satellite broadband spectrum should be distributed, <a href="https://www.reuters.com/technology/battle-billionaires-musks-starlink-eyes-india-ambani-resists-2023-06-22/" target="_blank" rel="noopener">Reuters reported.</a>Musk's Starlink is lobbying the Indian government to assign licenses for satellite service in line with the global practice, arguing it's a natural resource to be distributed among companies, according to Reuters. Ambani's Reliance Jio is taking the opposite stance and calling for a public auction to ensure a level playing field for both foreign and domestic players in the traditional telecom space.Reliance will continue lobbying the Indian government for an auction, Reuters reported, citing an industry source with direct knowledge of the matter.SpaceX and Reliance did not immediately respond to requests for comment from Insider.Musk's companies have already had several false starts in India. SpaceX started taking bookings for Starlink's service in India in 2021, but was told by authorities to apply for a license first. His electric vehicle company Tesla has also been eyeing the market for years but held back on selling its cars in India due to <a href="https://www.businessinsider.com/elon-musk-tesla-working-through-challenges-with-india-import-tax-2022-1">high import taxes.</a> But Tesla is not giving up."I am confident that Tesla will be in India and will do so as soon as humanly possible," <a href="https://economictimes.indiatimes.com/industry/renewables/tesla-may-soon-set-up-manufacturing-base-in-india-ceo-elon-musk/articleshow/101170774.cms" target="_blank" rel="noopener">Musk told reporters on Tuesday.</a><h2>India's market-access barriers are another complication</h2>Earlier this year, India <a href="https://www.un.org/development/desa/dpad/publication/un-desa-policy-brief-no-153-india-overtakes-china-as-the-worlds-most-populous-country/" target="_blank" rel="noopener nofollow">overtook China as the world's most populous country.</a> India has also been trying to <a href="https://www.businessinsider.com/china-india-supply-chain-covid-sanctions-manufacturers-relocating-tariffs-options-2022-12" rel="">unseat China as the factory of the world.</a>But India has a history of <a href="https://www.bbc.com/news/business-47857583" target="_blank" rel="noopener">trade protectionism</a> that makes it difficult to do business in the country, although Modi — who first came into power in 2014 — pledged <a href="https://m.economictimes.com/news/economy/policy/big-bang-move-modi-government-announces-fdi-reforms-in-15-sectors/articleshow/49735873.cms" target="_blank" rel="noopener">economic reforms,</a> including easing foreign direct investment policies.Still, India is the world's largest democracy, so <a href="https://www.businessinsider.com/china-india-supply-chain-covid-sanctions-manufacturers-relocating-tariffs-options-2022-12">decision-making can be complicated.</a>Also complicating the situation is the <a href="https://www.investindia.gov.in/atmanirbhar-bharat-abhiyaan" target="_blank" rel="noopener">Indian government's campaign to promote self-reliance</a>, which was kickstarted in May 2020 amid the COVID-19 pandemic."US exporters are being pressured to start manufacturing their products locally to retain market access, particularly if similar goods are not already produced in India," the <a href="https://www.trade.gov/knowledge-product/exporting-india-market-overview" target="_blank" rel="noopener">US International Trade Administration, or ITA,</a> said in a market overview of India. "As part of its self-reliance movement, India has introduced market access barriers in the form of tariffs, localization requirements, indigenous standards requirements, and labeling practices, price controls, and import restrictions."Even so, India is a massive market with lots of opportunities — although it requires planning for a much longer timeline and adopting strategies for different states, the ITA added, citing US companies already operating in the country.

Elon Musk wants to bring Starlink to the Indian market — but he'll have to get around India's richest tycoon first

India added 40 billionaires in 2020 – Mukesh Ambani continues to be the richest Indian

<ul><li><keyword id="6379793" type="General" weightage="100" keywordseo="falguni-nayar" source="Orion">Falguni Nayar</keyword> is the richest self-made billionaire with a net worth of ₹57,520 crore.</li><li>However, <keyword id="1490249" type="General" weightage="20" keywordseo="Roshni-Nadar-Malhotra" source="Orion">Roshni Nadar Malhotra</keyword> of HCL Technologies is the wealthiest woman, as per Kotak Private Banking Hurun list.</li><li>Around 25 new women have entered into the list this year, says the report.</li></ul>It’s beauty over biotech as Falguni Nayar overtook Biocon’s <keyword id="6413985" type="General" weightage="20" keywordseo="kiran-mazumdar-shaw" source="Orion">Kiran Mazumdar-Shaw</keyword> as India’s richest self-made woman with a wealth of ₹57,520 crore, as per Kotak Private Banking Hurun’s list of India’s wealthiest women. Nayar’s ranking went up nine places in the list, after the company she founded, Nykaa, went public last year. Roshni Nadar Malhotra of HCL Technologies however retained her title as the wealthiest woman on the list with ₹84,330 crore, for the second year in a row. Around 25 new women have entered into the list this year, says the report. The report further highlights that the cut-off wealth required to feature in the list has almost tripled since last year to ₹300 crore. The women on the 2021 list have an average wealth of around ₹4,170 crore as against ₹2,725 crore in the last year. “Over the years, Indian women are slowly yet surely coming into their own - carving a space for themselves through knowledge, excellence, passion, and empathy,” said <keyword id="14568875" type="General" weightage="80" keywordseo="oisharya-das" source="Orion">Oisharya Das</keyword>, CEO – private banking, <keyword id="46013" type="General" weightage="50" keywordseo="kotak-mahindra-bank" source="Orion">Kotak Mahindra Bank</keyword>. The list is based on the net worth of women as on 31 st December, 2021. <cmsannotation type="cmsannotation" annotationid="More younger women are becoming self-made billionaires" comment="subhead" text="More younger women are becoming self-made billionaires">More younger women are becoming self-made billionaires</cmsannotation> Even though the founder of Biocon, Shaw, was displaced — her sector pharmaceuticals too saw the most number of new entrants, followed by healthcare and consumer goods. 9 out 20 women under the age of 40 years or younger category are self-made, according to the report. Three professional managers also made it to the list. Pepsico’s <keyword id="6421975" type="General" weightage="80" keywordseo="indra-nooyi" source="Orion">Indra Nooyi</keyword> is the richest professional manager, with a wealth of ₹5,040 crore. And, 33-year-old Kanika Tekriwal of Jetsetgo is the youngest self-made woman. “Women-led wealth creation directly improves women’s employment, corresponding families, and society. Inclusion of women, who represent 50% of India’s population in the workforce or wealth creation, cuts across societal barriers,” said <keyword id="2672295" type="General" weightage="80" keywordseo="anas-rahman-junaid" source="Orion">Anas Rahman Junaid</keyword>, MD and chief researcher at <keyword id="3656834" type="General" weightage="50" keywordseo="hurun-india" source="Orion">Hurun India</keyword>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/5g-spectrum-auctions-big-money-is-in-but-no-bidding-war-yet/articleshow/93156289.cms">5G spectrum auctions: Big money is in but no bidding war yet</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/a-massive-data-breach-in-2020-impacted-3-4-million-paytm-usersheres-how-to-find-out-if-your-data-was-compromised/articleshow/93157246.cms">A massive data breach in 2020 impacted 3.4 million Paytm users – here’s how to find out if your data was compromised</a>

Nykaa’s Falguni Nayar overtakes Kiran Mazumdar Shaw as the richest self-made Indian woman

According to Forbes, there are around 2,755 billionaires in the world in 2022. Majority of these affluent people are the founders of technology firms. A major portion of their wealth is found invested in these enterprises as publicly traded stocks. Therefore, the richest persons’ net worth is often subjected to fluctuations as per the changing market valuations. Below is the list of <keyword id="8030144" type="General" weightage="20" keywordseo="top-10-richest" source="Orion">top 10 richest</keyword> persons in the world as per the stats gathered in June 2022 from forbes real time Billionaire Index. #1. Elon Musk The richest man of the world in February 2022, the technology entrepreneur is the chief executive officer (CEO) and cofounder of Tesla. The total value of his 17% stake in this firm is around $153 billion. His net worth stands at a whopping $215.6 billion consisting of investments in space exploration technologies, private assets of $40.3 billion and $3.9 billion in cash. Tesla shares soared by about 340% in 2020 propelling Musk’s wealth to top rankings. In December 2020, Tesla figured into the list of S&amp;P 500 and became the largest company in this category. #2. Bernard Arnault Bernard Arnault’s net worth stands at an impressive $139.1 billion putting him second in the list of top richest persons in the world in 2022. He has 97.5% stake in Christian Dior ownership valued at $126 billion. His other assets are a $24.4 billion public asset in Moelis&amp; Company equity, an undisclosed stake in Hermes equity, and $10.9 billion in cash. He is the chair and CEO of LVMH, the largest company in the luxury goods sector. #3 Jeff Bezos The founder and executive chair of Amazon Jeff Bezos tops the richest persons list in third place with his $133.4 billion net worth. He has a 10% stake in Amazon valued at $153 billion. His other assets include $9.15 billion private company stake in Blue Origin, The $250 million private asset in The Washington Post, and $15.6 billion in cash. Amidst the Covid-19 pandemic, the demand for online shopping soared leading to a 76% jump in Amazon’s share price. #4. Bill Gates Bill Gates occupies the fourth place in the richest person’s list with his $122.4 billion net worth in 2022. His 1.3% ownership in Microsoft is valued at $30.8 billion. He also has $55.9 billion in public and private assets in Cascade Investment LLC, and $55.3 billion in cash. Cascade’s privately held investment is distributed across Deere, Republic Services, Canadian National Railway and a portfolio of private investments in energy and real estate. #5. Warren Buffet Warren Buffet claims the fifth place among the world’s richest persons in 2022 with his $100.9 billion net worth. His 16% stake in Berkshire Hathaway is estimated at $114 billion. His other assets include $1.1 billion in cash. Warren Buffet is the most popular living value investor known as ‘Oracle of Omaha”. He builds his fortune by acquiring the firms that are undervalued. Industry experts find him a Bitcoin skeptic. #6. Gautam Adani &amp; Family #7. Mukesh Ambani The seventh place in the list of world’s richest persons is claimed by Mukesh Ambani, the most popular Indian entrepreneur with his $96.6 billion net worth. His 45% stake in Reliance Industries is valued at $88.9 billion. He too has $410 million private asset as investment in Mumbai residential property. The Chairman and Managing Director of Reliance Industries which has its presence in telecommunications and retail selling. He is also a member of the board of the World Economic Forum. #8. Larry Ellison The eighth in the list of world’s richest persons in 2022 is Larry Ellison, the CT|O, Chair and Co-founder of Oracle. He has a net worth of $94.6 billion and his 40% ownership stake in Oracle is valued at $63.3 billion. His other assets are $13.1 billion public asset in Tesla equity and $17.3 billion in cash and real estate investment. #9. Larry Page The ninth place in the richest person’s list in 2022 is secured by Larry Page, The Board-member and co-founder of Alphabet. His net worth is estimated at $120 billion and his 6% stake in Alphabet is worth $105.7 billion. His other assets include $14.6 billion in cash. In 2021, Google’s shares soared by around 50% pushing Page’s name to the billionaire list. Larry was also among the early investors in the space exploration and asteroid-mining company Planetary Resources. #10. Sergey Brin Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. The California based technology entrepreneur is the Board member and co-founder of Alphabet. The value of his 6% stake in Alphabet is worth $100.5 billion. He too has an asset of $14.7 billion in cash. Born in Russia, Sergey Brin moved to the U.S as a 6 year old boy with his family, co-founding Google with Larry Page in 1998. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/top-10-richest-people-in-india-in-2021-22-as-per-hurun-list/slidelist/90282882.cms">Top 10 richest people in India as per Hurun List</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/india-at-third-position-after-us-and-china-in-creating-self-made-billionaires/slidelist/90282839.cms">India among top three countries in creating self-made billionaires</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/cyrus-poonawalla-radhakishan-damani-and-other-two-billionaire-entrants-in-top-100-from-india-in-2022/articleshow/90282154.cms">Hurun Global Rich List 2022 – From Cyrus Poonawalla to Radhakishan Damani, here are the new entrants in Top 100 from India</a>

Top 10 richest persons in the world in 2022

<ul class="summary-list"><li>The 500 richest people added $852 billion to their collective fortunes in the first half of this year, per Bloomberg.</li><li>Tesla and SpaceX CEO Elon Musk is the top winner as his wealth jumped by $97 billion to $233 billion.</li></ul>The world's top 500 billionaires had a bumper start to 2023 thanks to a broad market rally.These billionaires collectively added $852 billion to their fortunes in the first half of the year — or about $14 million each day during the period — according to <a href="https://www.bloomberg.com/news/articles/2023-07-03/musk-zuckerberg-lead-852-billion-wealth-surge-among-world-rich" target="_blank" rel="noopener">Bloomberg's calculations</a> based on its <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">Billionaires Index.</a>The gains mark the best half-year for all the billionaires on the index since the second half of 2020 when the markets rebounded from the COVID-19 pandemic, per Bloomberg.The S&amp;P 500 — an index that tracks a broad range of sectors such as banks, manufacturing, tech, and retail — is up about 16.5% this year.Tech stocks, in particular, were on a tear in the first half of 2023 on the back of <a href="https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2024" target="_blank" rel="noopener">the generative artificial intelligence boom.</a> The tech-focused Nasdaq 100 is up 31% this year. The rally benefited tech tycoons Elon Musk and Mark Zuckerberg, the biggest winners in the index this year.Musk — the CEO of Tesla and SpaceX and <a href="https://www.businessinsider.com/elon-musk-no-longer-ceo-of-twitter-linda-yaccarino-starts-2023-6" target="_blank" rel="noopener">recently stepped down as the CEO of Twitter</a> — saw his wealth soar by almost $97 billion through June 30, per Bloomberg. Now worth $237 billion, Musk is the world's richest person — ahead of Frenchman Bernard Arnault, the CEO, and co-founder of LVMH Moët Hennessy Louis Vuitton.Musk and Arnault have been swapping positions as the world's richest person <a href="https://www.businessinsider.com/elon-musk-gives-up-top-spot-forbes-list-arnault-lvmh-2022-12">since late 2022</a>. Meanwhile, Zuckerberg added nearly $60 billion to his net worth this year, following a nearly 80% rise in Meta's stock price amid the tech giant's <a href="https://www.businessinsider.com/mark-zuckerberg-year-efficiency-meta-facebook-could-mean-more-layoffs-2023-2" rel="">"year of efficiency."</a> But not every billionaire saw bumper returns on their wealth.Indian tycoon Gautam Adani's fortune tanked by $60.2 billion this year, making him the biggest loser in the Bloomberg Billionaires Index. Adani's wealth cratered after US short-seller Hindenburg Research <a href="https://hindenburgresearch.com/adani/" target="_blank" rel="noopener nofollow">alleged in a scathing January 24 report</a> that the Adani Group "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades." Adani has denied those claims.The S&amp;P 500 closed 0.12% higher at 4,455.59 on Monday. The Nasdaq 100 closed 0.2% higher at 15,208.69.

The top 500 richest people in the world made an average of $14 million each day in the first half of 2023 as markets rallied

<ul><li>The world was waiting to see two of the planet's richest men speak to each other and while they delivered some headlines, there was little chemistry to show.</li><li>Despite the multi-million dollar deal between the two companies, <keyword id="10437346" type="UNKNOWN" weightage="20" keywordseo="zuckerberg-and-ambani">Zuckerberg and Ambani</keyword> were asking each other questions that should have ideally been answered before their partnership. </li><li>Here are the highlights of the 40-minute conversation between two of the richest men in the world.</li></ul>Two of the richest men in the world, <keyword id="624769" type="PERSON" weightage="20" keywordseo="Facebook-CEO-Mark-Zuckerberg">Facebook CEO Mark Zuckerberg</keyword> and <keyword id="705208" type="POSITION" weightage="20" keywordseo="Reliance-Industries-Chairman">Reliance Industries chairman</keyword> <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, agree on one thing. If the pandemic had hit even five years earlier, India would not have been ready. However, the headlines were few and far between. Their individual dispositions were exemplified by the lack of chemistry between the two of them during the last session of Facebook's <a href="https://www.facebook.com/watch/live/?v=1851422635011183&amp;ref=watch_permalink">Fuel for India 2020</a> conference. In fact, it seemed like the two of them didn’t know each other as well as business partners should, considering the massive amount of money <a href="https://www.businessinsider.in/business/news/mukesh-ambani-gave-google-and-facebook-a-discount-on-reliance-jio-stake-heres-why/articleshow/77032126.cms">Facebook has invested in Jio.</a> Both Ambani and Zuckerberg praised each other and asked questions that, one would suppose, would have been addressed before the investment was made. The chat between <a href="https://www.businessinsider.in/business/corporates/news/microsoft-top-boss-satya-nadellas-conversation-with-mukesh-ambani-asias-richest-man/articleshow/74278962.cms">Microsoft chief Satya Nadella and Ambani</a> was a bit more free-flowing than this one. But that was also before the pandemic and they were sitting next to each other. <div type="image" title="ambani_nadella_edited" msid="79740206" hostid="261" caption="&amp;lt;p&amp;gt;Mukesh Ambani and Microsoft CEO Sataya Nadella in February 2020&amp;lt;/p&amp;gt;"></div> Zuckerberg and Ambani may have been inconvenienced by the fact that it was a video call. But, one can't be reprimanded for expecting the ‘architect of the digital network of the world’ (how Ambani described Zuckerberg) and the man turning India into a digital society to be a bit more comfortable with technology given their shared vision of a hi-tech future. The entire transcript of their conversation, which lasted over 40 minutes, was around 11 pages long. We, at Business Insider India, have shrunk the tete-a-tete down to the most important things that you need to know. Here are some of the highlights from the conversation between Ambani and Zuckerberg on December 15: Zuckerberg: [..] So I'm curious from your perspective how is India doing right now? When you expect things are going to return to normal? And, I know that Reliance has taken a number of big steps to help the community in the country. It's been a big year for you. I'm curious to hear how your company adapted to help you move forward in the midst of this pandemic. Ambani: [Ambani spoke a lot about what the government, the Reliance Foundation and his teams had contributed to the COVID relief efforts before answering how he sees the current situation in India.] Mark, sometimes I wonder that if the pandemic had struck India just four or five years earlier, we would have not been in as good a shape as what we are today. With all the connectivity we have, and the credit for that must go to our Prime Minister's Digital India vision, where he motivated the entire industry to roll out broadband in the first five years of his first term. And, during the pandemic. India has attracted the largest foreign direct investment in its history, Mark. We have our own example of how Jio and Facebook concluded our partnership. Right in the middle of lockdown. [..] And, I believe, Mark, that our actions will speak louder than our words in the coming months and years time here. Zuckerberg: One of the big opportunities that I see with this partnership, Facebook and Jio partnership, is the role that we can play together in supporting the millions of small businesses in India especially now with the impact that COVID is having accelerating the move that a lot of businesses have from physical storefronts to digital ones and in this digital future. So, I'm curious — what role do you see technology, playing in this post COVID world? Especially as it relates to all of these small businesses that I know you share a passion with me that is just critical that we serve them. Ambani: Absolutely, Mark. And, let me point out a very unique feature about our partnership. Perhaps, not many people have understood this, but before this partnership I believe that each one of us was mainly a communication platform. Together, we now have become a value creation platform for our customers and small businesses. And, I firmly believe that technology with all the digitization steps that India has taken will democratize wealth and value creation for individuals and small businesses. And, let me explain this very simply, Whatsapp has hundreds of millions of subscribers in India Jio has hundreds of millions of subscribers in India. Jio Mart, which is our retail service, actually has the aspiration of serving tens of millions of small shopkeepers in India, who are the bedrock of employment. So, what does this mean? This means Jio brings digital connectivity. WhatsApp, now with WhatsApp brings digital interactivity and the ability to move to close transactions and create value. And, Jio Mart brings the unmatched online and offline retail opportunity that gives our small shops, which exist in villages and small towns in India, a chance to digitize and be at par with anybody else in the world. [...] Zuckerberg: I'm curious as you look ahead to the future in India — what other technologies or developments are you excited about now? Where do you see the country in the next five to 10 years? Ambani: Well, as I mentioned to you, Mark. I really see India accelerating as a premier digital society. I see us integrating 5G. [...] We also think that compute, and very low latency compute is real.I think that there is a great opportunity for really bringing education and healthcare with the second generation reforms that were done in the last six months, right. [...] And, I think that in a span of 10 years, we can set for ourselves an objective to really reskill India and the talent that you talked about can improve 10x. Today, you're just seeing the creamy layer. But, that's what technology can do to really make a better India in a better world. The same thing we can do in health, and all the emerging technology and integrations where we can make sure that we deliver services and we deliver good proactive healthcare. [..] And, that is why I think that the next two decades are going to be historic in terms of the social and economic transformation. Zuckerberg: It always blows me away that India has more than 60 million small businesses and millions of people around the country rely on them for jobs. That's a big part of what I hope that our partnership can serve here. We support more than 50 million WhatsApp business app users globally every month already and more than 15 million of these are in India. As you said, now, I can’t imagine going through the pandemic 10 years ago or even two decades ago when the internet was still nascent. It would have been a completely different experience. And, technology, of course, is allowing us to make sure that we can get accurate information out to people that has implications on health, education and helping serve people better. I think it shows a lot of the promise for what's ahead and I think we've certainly fared better now than we would have if the pandemic hit us before. Ambani: I couldn't agree more, Mark. [...] I call you the ‘architect of the digital network of the world’. While I have built some connectivity and broadband connectivity in India, you've done that for the world.Please share with us your experience of as the digital architect of the world, how your global Facebook experience has helped people in this crisis and your perspective of the crisis and where you see the world today and where it is going? Zuckerberg: [...] We just launched WhatsApp payments in India last month. So you can send money to your friends and family through WhatsApp as easily as sending a message and that was possible because of the UPI system that has been built in via unified payments interface so it makes it easy for anyone to instantly accept payments across different apps. I think we're working with 140 banks, or it's supported by 140 banks out of the gate. And, India's the first country in the world to do anything like this now. So we're grateful to be able to support this kind of innovation to help to work to create more prosperity and help achieve a more Digital India. In fact, I think that a lot of other places around the world are going to be better off when they follow some of this lead that India has set in creating public goods like this. [...] Ambani: I hope that the rest of the world learns from Indian policy, and what Facebook is able to achieve in India. We as Indians will be very proud if Facebook says we did it first in India, and then took it to 100 countries. I look forward to working with you on that. Mark, all of us would love to know your views on how the world is changing. And, what you and Facebook are thinking about. And what you see the future as. Just give us your perspective, Mark. Zuckerberg: [He spoke about how technology is empowering individuals, not just businesses and how it has been “incredibly democratising”.] We’re now on the next step with now great 4G and coming 5G networks. Video is really becoming the primary way that people share. Anyone can learn and capture something on their phones and then share it or stream it. Increasingly people are able to consume that. Video is just a lot richer of a medium than photos. Even when my daughters took their first steps, I wanted to capture a video of that and share it, not just a photo. But I don't think video is the end of the line. So, a lot of what I'm focused on is creating a helping screen virtual reality and augmented reality, so that way we can share not only the video of an experience, but you can use virtual reality to go into an experience and feel like you're right there. You can have holograms of digital objects that can kind of be as realistic as the physical objects that are there. Meaning in five or 10 years when we're having this conversation, it will just be a hologram version of me sitting on the couch next to you instead of having to do this over a screen. It'll feel a lot more realistic. A big part of why I was excited to partner with you is because there are not many people around the world, who've just gone industry after industry revolutionized them and improve them, and continue to do it and have that hunger to improve the lives of so many people so I just have a deep admiration for that. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/pornhub-adult-video-streaming-website-deletes-over-9-million-videos-to-remove-child-porn/articleshow/79732612.cms">Two in every three Pornhub videos are gone after a purge to remove child porn</a> <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-ceo-aditya-puri-says-banks-must-change-every-3-4-years/articleshow/79734617.cms">"Banks must change every 3-4 years," says Aditya Puri, the recently retired chairman of HDFC Bank, dubbed as 'the world's best banker'</a> <a href="https://www.businessinsider.in/business/ecommerce/news/after-zomato-swiggy-scales-down-its-grocery-ambitions-leaving-the-market-open-for-jiomart-bigbasket-amazon-and-others/articleshow/79739364.cms">After Zomato, Swiggy scales down its grocery ambitions – leaving the market open for JioMart, BigBasket, Amazon and others</a>

Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them

<ul><li>The 33-year-old <keyword id="2965693" type="General" weightage="50" keywordseo="kanika-tekriwal" source="Orion">Kanika Tekriwal</keyword> earned her a fortune of ₹420 crore and was named as the <keyword id="14687474" type="General" weightage="20" keywordseo="youngest-self-made-richest-woman" source="Orion">youngest self-made richest woman</keyword> in the Kotak Hurun report list.</li><li>Initially, she too went through the rigours of starting a business as a woman.</li><li><keyword id="69127" type="General" weightage="20" keywordseo="Tekriwal" source="Orion">Tekriwal</keyword> hails from an orthodox Marwari family where girls are often discouraged from working.</li></ul>Kanika Tekriwal from Bhopal has come a long way from being mistaken for a cabin crew to becoming one of <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>’s richest female startup entrepreneurs. Her idea of offering a cloud-based solution for those who want to ‘hire’ private jets, <keyword id="2963934" type="General" weightage="80" keywordseo="jetsetgo" source="Orion">JetSetGo</keyword> is now considered a million dollar idea. The company which is popularly known as the ‘Uber of Indian skies’ earned her a fortune of ₹420 crore, as per the Kotak Private Banking Hurun Leading Wealthy Women 2021 list. The 33-year-old is also the youngest in the list, with i-banker turned entrepreneur <a href="https://www.businessinsider.in/business/news/nykaas-falguni-nayar-takes-over-kiran-mazum[%E2%80%A6]e-richest-self-made-indian-woman/articleshow/93158649.cms">Falguni Nayyar</a> on the top. <cmsannotation type="cmsannotation" annotationid="‘Miss, can you ask them for tea/coffee?’" comment="subhead" text="‘Miss, can you ask them for tea/coffee?’">‘Miss, can you ask them for tea/coffee?’</cmsannotation> Today, she is also noted amongst startup founders who made it in a male dominated world. Her online air charter service is hailed by celebrities, film stars and HNIs not just for private jets but also for helicopters and air ambulances. Initially, she too went through the rigours of starting a business as a woman. “I remember walking into a customer’s office to whom we went to pitch, I had just started my company and I was the last person to walk into the conference room. A guy turned to me and said, Miss, can you ask everyone what they want tea or coffee? and all my confidence fell on the floor immediately as I was very young. It was my first pitch ever and I wanted to cry,” Tekriwal told Business Insider India in an interview. In the earlier days of the business, when she used to hang out at airports, she was frequently mistaken for the cabin crew. <cmsannotation type="cmsannotation" annotationid="The Marwari girl ‘discouraged to work’" comment="subhead" text="The Marwari girl ‘discouraged to work’">The Marwari girl ‘discouraged to work’</cmsannotation> Tekriwal hails from an orthodox Marwari family where girls are often discouraged from working. However, she always wanted to become a pilot, and that along with her time in the UK inspired her to start her own business. The idea to start her company, JetSetGo, came from the thought of private flying as more accessible and economical for people. Before her startup, it was a long, cumbersome process where people lost money and faced many hiccups. Her company, however, turned this process online, transparent and allowed people to ‘share’ rides. “The idea came out of the combination of prior experiences and learning where I saw what was happening in the UK and in India, and there is a big gap that needs to be fulfilled and I went about it,” Tekriwal said. The first roadblock to doing business in the air was registration. “When I wanted to register the company, the people in the registrar office didn’t want to give me the certificate of incorporation simply because it had the word ‘aviation’ in it and asked me to go and get DGCA approval. Why would DGCA give me an approval for a company? I wanted to do trading,” she highlighted. Then came another difficult period in her young life when she was diagnosed with cancer. “I had the idea brewing in my head for close to three years or so, but when I took out my sketch board and started working on it, I was diagnosed with cancer, which set me back by a year,” said Tekriwal. After she became cancer-free in 2012, she kickstarted the business with her friend, <keyword id="2963933" type="General" weightage="50" keywordseo="sudheer-perla" source="Orion">Sudheer Perla</keyword>, starting with air taxi services that provide intra-city connectivity. After ten years, she owns ten private jets after seven last year. She plans to add at least eight more aircrafts in the next three years. <cmsannotation type="cmsannotation" annotationid="Lockdown and beyond" comment="subhead" text="Lockdown and beyond">Lockdown and beyond</cmsannotation> The company also overcame tough times during the three months of the first lockdown. But it decided not to lay off staff or cut down salaries. “I used to actually wake up sweating on most days wondering till when we will be able to sustain this,” Tekriwal added. However, now that’s in the past, the aviation sector has become one of the busiest in the last few months, thanks to years of pent up demand. During the time, the company added another interesting set of jet-setting travellers – startup founder, says Tekriwal, who was amazed at the trend. Also, those who want to splurge on a private jet for leisure trips too has doubled since January 2020. “When the Maldives opened in December last year, everyone was running there on private jets. Now it's Dubai. In India, Goa, Rajasthan, and Kerala are the top leisure destinations,” she added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/all-you-need-to-know-about-the-new-langya-henipavirus-reported-in-china/articleshow/93480292.cms">All you need to know about the new Langya Henipavirus reported in China</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/most-luxury-home-sales-came-from-mumbai-and-its-suburb-thane-leads-in-affordable-homes/articleshow/93479211.cms">Most luxury home sales came from Mumbai, and its suburb Thane leads in affordable homes</a>

A startup founder was asked to do a coffee run on her first pitch, now she's among India's richest women

<ul><li>The 27 year old Hinduja Bank is one of the three major financial institutions, owned by the conglomerate, aside from <keyword id="46717" type="COMPANY" weightage="20" keywordseo="IndusInd-Bank">IndusInd Bank</keyword> and Hinduja Leyland Finance. </li><li>The <keyword id="57519" type="COUNTRY" weightage="20" keywordseo="Cayman-Islands">Cayman Islands</keyword> order, from May 2020, said that the bank even failed to maintain the minimum <keyword id="6360278" type="DEFINITION" weightage="20" keywordseo="Net-Worth">net worth</keyword> of 400,000 Cayman dollars and hasn’t submitted its audited financial statements since 2018. </li><li>The Cayman Islands is popular as a tax haven for the world’s super rich and many multinational corporations.</li></ul>The stock of IndusInd Bank took a beating after a report that the group had lost its banking licence in Cayman Islands for not taking steps to stop money laundering. However, the report was based on an order from May 2020. The shares of IndusInd Bank fell as much as 6%, on June 3, 2021, as investors got spooked but recovered a part of those losses soon after. The Cayman Islands, popular as a tax haven for the world’s super rich, had stripped the <keyword id="120582" type="COMPANY" weightage="20" keywordseo="Hinduja-Group">Hinduja Group</keyword> of its banking licence for the conglomerate’s Geneva-based bank. The Hinduja Bank is one of the three major financial institutions owned by the conglomerate ⁠— the other two being IndusInd Bank and Hinduja Leyland Finance. In an order dated May 27, 2020, the Cayman Islands Monetary Authority, also said that the company “failed to prepare adequate” anti-money laundering policies. The director, Gilbert Pfaeffli, has been held ‘not fit and proper’ for the position. Hinduja Bank was established in 1994 as a Swiss Banking Institution. The group website says it offers, among other services, “innovative solutions in wealth management and private banking, trade finance, corporate advisory services and global investment solutions.” The bank has presence in Dubai, London, Paris, New York, Chennai, Mumbai, Mauritius and Cayman Islands. The Cayman Islands order said that the bank even failed to maintain the minimum net worth of 400,000 Cayman dollars and hasn’t submitted its audited financial statements since 2018. A Cayman dollar is approximately ₹88, at current prices. The more than a century old Hinduja Group led by Chairman Srichand Hinduja ⁠— with a net worth of over $15 billion shared with his brothers, Gopichand, Prakash and Ashok Hinduja ⁠— has international interests in a variety of industries from technology to finance, from media to oil and chemicals, and from real estate to healthcare. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/the-indian-government-is-doling-out-1500-crore-to-reserve-300-million-of-biological-es-covid-19-vaccine-doses/articleshow/83196362.cms">The Indian government is doling out ₹1500 crore to reserve 300 million of Biological-E’s COVID-19 vaccine doses</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indians-must-brace-for-a-further-rise-in-petrol-and-diesel-prices-as-crude-oil-scales-a-2-year-high/articleshow/83195870.cms">Indians must brace for a further rise in petrol and diesel prices as crude oil scales a 2-year high</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/top-five-fintech-ideas-that-are-drawing-the-most-amount-of-money/slidelist/83194276.cms">Five fintech ideas that are raking in the most amount of money</a>

IndusInd Bank shares slide as a year-old Cayman Islands order against Hinduja Bank resurfaces

<ul class="summary-list"><li>Chinese billionaire <keyword id="9991531" type="UNKNOWN" weightage="60" keywordseo="Zhong-Shanshan">Zhong Shanshan</keyword> made more than $70 billion in 2020 to become the <a href="https://www.bloomberg.com/news/articles/2020-12-30/china-s-bottled-water-king-dethrones-ambani-as-asia-s-richest?srnd=wealth&amp;sref=BLKWHazcHazc">new richest person in Asia</a>, Richard Macauley and Venus Feng reported for Bloomberg.</li><li>Shanshan's <a href="https://www.bloomberg.com/billionaires/profiles/shanshan-zhong/?sref=BLKWHazc">net worth is estimated at $77.8 billion</a>, making him the 11th-richest person in the world right behind Oracle cofounder Larry Ellison. </li><li>The 66-year-old billionaire has dethroned Indian businessman <a href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">Mukesh Ambani</a>, who's worth $76.9 billion, as Asia's richest man. </li><li>Shanshan is the chairman of both <keyword id="140685" type="PERSON" weightage="60" keywordseo="bottled-water">bottled water</keyword> company Nongfu Spring and vaccine maker Beijing Wantai Biological Pharmacy Enterprise. Together, the two companies reported <a href="https://www.bloomberg.com/news/articles/2020-12-30/china-s-bottled-water-king-dethrones-ambani-as-asia-s-richest?sref=BLKWHazc">more than $3.6 billion in revenue</a> in 2019.</li><li>He's known as the "Lone Wolf" and rarely makes public appearances or speaks to the media. </li></ul><keyword id="3820" type="PERSON" weightage="60" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>'s two-year reign as <a href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">Asia's richest person</a> has come to an end.Chinese bottled water billionaire and vaccine investor Zhong Shanshan has surpassed the Indian businessman to become <a href="https://www.bloomberg.com/news/articles/2020-12-30/china-s-bottled-water-king-dethrones-ambani-as-asia-s-richest?srnd=wealth&amp;sref=BLKWHazcHazc">the continent's wealthiest man</a>, Bloomberg reported.Shanshan's fortune grew by more than $70 billion in 2020, putting his net worth at <a href="https://www.bloomberg.com/billionaires/profiles/shanshan-zhong/?sref=BLKWHazc">an estimated $77.8 billion</a>, according to Bloomberg's Billionaire Index. He's now the world's 11th-richest person after Oracle co-founder Larry Ellison. And while Ambani may have lost the top spot in Asia, he's not far behind: the Reliance Industries chairman is still worth <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/">$76.9 billion.</a>The sources of Shanshan's wealth are his roles as chairman at two major companies: <a href="http://www.nongfuspring.com/aboutus/management.html">bottled water maker Nongfu Spring</a> and Beijing Wantai Biological Pharmacy Enterprise, which makes <keyword id="79555" type="TECHNOLOGY" weightage="60" keywordseo="Vaccines">vaccines</keyword> and hepatitis test-kits. Nongfu Spring reported $3.5 billion in revenue in 2019, while Shanshan's pharmacy enterprise reported revenue of $171 million, per Bloomberg.In 2020, Shanshan's net worth skyrocketed as he took both of his companies public. Beijing Wantai Biological Pharmacy Enterprise went public on the Shanghai Stock Exchange <a href="https://www.chinaknowledge.com/News/DetailNews/89491/#:~:text=Apr%2029%2C%202020%20(China%20Knowledge,10.06%25%20of%20total%20outstanding%20shares.">in April</a>, and Nongfu Spring's <a href="https://asia.nikkei.com/Business/Markets/Nongfu-Spring-IPO-turns-owner-into-China-s-third-richest">$1.1 billion initial public offering</a> in Hong Kong in September made Shanshan <keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword>'s third-richest person overnight. The 66-year-old billionaire is known as the "Lone Wolf" because he's not involved in politics or business groups, per Bloomberg. He <a href="https://www.thepaper.cn/newsDetail_forward_9075975">rarely makes public appearances</a> or speaks to the media, according to Chinese publication The Paper."I am a solitary person, and I don't care what my colleagues are doing or thinking," Shanshan once said, according to the Paper.<div type="image" title="zhong shansan nongfu spring water bottle" height="1666" width="2223" msid="80041721" hostid="261"></div>Born in 1954 in Hangzhou, Shanshan attended the Open University of China and worked as a newspaper reporter in the 1980s before <a href="https://www.thepaper.cn/newsDetail_forward_9075975">founding pharmaceutical company Yangshengtang Co., Ltd</a>. In 1996, he <a href="http://www.nongfuspring.com/aboutus/management.html">founded Nongfu Spring</a> and today directly manages the company's sales, branding, and human resources as executive chairman, according to his corporate biography. While he may now have been edged out of the top spot by Shanshan, Ambani is still the 12th-richest person in the world. In 2020, his fortune grew by more than $18 billion as he secured <a href="https://www.businessinsider.com/facebook-invests-in-jio-india-mobile-internet-service-2020-4">a $5.7 billion investment from Facebook</a> in his mobile telecom service and a <a href="https://www.businessinsider.com/kkr-invest-755-million-reliance-retail-for-12-stake-2020-9">$775 million investment</a> from American private equity firm KKR. Briefly, in August 2020, Ambani was the <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/mukesh-ambani-eclipses-richest-european-to-become-worlds-no-4/articleshow/77430553.cms">world's fourth richest person.</a>Representatives from Shanshan's companies and Ambani's company did not immediately respond to Business Insider's request for comment for this story.

Asia's new richest person is a Chinese vaccine investor who made $70 billion in 2020, surpassing Indian billionaire Mukesh Ambani

<ul class="summary-list"><li>Billionaire businessman James "Jim" Crown died in a racing crash in Aspen, Colorado on Sunday.</li><li>Crown collided with an impact barrier in an accident, the coroner's office told The Colorado Sun.</li></ul>Billionaire businessman James "Jim" Crown died in a racing crash in Aspen, Colorado on Sunday, multiple news outlets reported.Crown, the grandson of industrialist Henry Crown and theater and hotel magnate Junius Mayer Schine, collided with an impact barrier in an accident at the Aspen Motorsports Park, <a href="https://coloradosun.com/2023/06/25/james-crown-crash-death-aspen/" target="_blank" rel="noopener">The Colorado Sun</a> reported, citing the Pitkin County Coroner's Office. "The official cause of death is pending autopsy although multiple blunt force trauma is evident," the coroner's office told the publication.<a href="https://www.aspentimes.com/news/jim-crown-managing-partner-of-aspen-skiing-co-dies-in-accident-sunday-at-woody-creek-race-track/" target="_blank" rel="noopener">The Aspen Times</a> reported that Sunday was his 70th birthday.<a href="https://www.forbes.com/profile/crown/?sh=429400556044">Forbes</a> ranked the Crown family as the 34th richest in the US in 2020 with an estimated wealth of $10.2 billion, though none of the family members are individually listed on the <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">Bloomberg Billionaire Index</a> of the world's 500 richest people.Crown had served on JPMorgan's board of directors since 2004. Jamie Dimon, the bank's CEO, <a href="https://www.sec.gov/Archives/edgar/data/19617/000001961723000408/rememberingjimcrown.htm" target="_blank" rel="noopener">said</a> in a note to staff that Crown had been a "trusted advisor" to him and had helped the company navigate through business and economic challenges.Since 2018, Crown had served as chairman and CEO of his family's investment firm Henry Crown and Company. He was the chairman emeritus of <a href="https://www.aspeninstitute.org/blog-posts/aspen-institute-on-the-passing-of-jim-crown/" target="_blank" rel="noopener">the Aspen Institute board of trustees</a> and a managing partner of Aspen Skiing, as well as a board member at General Dynamics. Days before his death he attended a White House State Dinner when President Joe Biden hosted Indian Prime Minister Narendra Modi."Jim represented America at its best – industrious, big-hearted, and always looking out for each other," Biden said in a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/26/statement-from-president-joe-biden-on-jim-crown/" target="_blank" rel="noopener">statement</a>. "He was a good man, a dear friend, and a great American."Crown largely split his time between Colorado and his hometown of Chicago. He was a trustee of both the <a href="https://www.msichicago.org/explore/about-us/leadership/board-of-trustees/">Museum of Science and Industry, Chicago,</a> and the <a href="https://trustees.uchicago.edu/university-trustees/" target="_blank" rel="noopener">University of Chicago</a>."Jim gave back to the city through philanthropy and leadership on a number of civic and academic boards as he was deeply committed to investing in Chicago and its people," Brandon Johnson, the city's mayor, <a href="https://twitter.com/ChicagosMayor/status/1673353846150807553" target="_blank" rel="noopener">said</a>. "With his generosity, Jim truly embodied the soul of Chicago."Crown was succeeded by his parents, wife, four children, and six grandchildren."The Crown family is deeply saddened by the sudden passing of Jim Crown in an accident earlier today," Aspen Skiing said in a statement, per The Colorado Sun. "The family requests that their privacy be respected at this difficult time. Further details regarding plans for a memorial to remember Jim's remarkable life will be released at a later date."

You Searched For "richest indian 2020" and got 12 results

Top 10 richest women in the world in 2024

BI India Bureau

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

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Elon Musk wants to bring Starlink to the Indian market — but he'll have to get around India's richest tycoon first

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India added 40 billionaires in 2020 – Mukesh Ambani continues to be the richest Indian

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Nykaa’s Falguni Nayar overtakes Kiran Mazumdar Shaw as the richest self-made Indian woman

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Top 10 richest persons in the world in 2022

BI India Bureau

The top 500 richest people in the world made an average of $14 million each day in the first half of 2023 as markets rallied

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Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them

Prabhjote Gill

A startup founder was asked to do a coffee run on her first pitch, now she's among India's richest women

Vaamanaa Sethi

IndusInd Bank shares slide as a year-old Cayman Islands order against Hinduja Bank resurfaces

Sriram Iyer

Asia's new richest person is a Chinese vaccine investor who made $70 billion in 2020, surpassing Indian billionaire Mukesh Ambani

Katie Warren

James Crown, a billionaire JPMorgan board member who belonged to one of the US' richest families, died in a racing crash on his 70th birthday

Grace Dean

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