Patanjali’s Balkrishna in Forbes rich list

Patanjali’s Balkrishna in Forbes rich list
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Highlights

Acharya Balkrishna, the close associate of yoga guru Ramdev and Managing Director of Patanjali Ayurved, made his debut on the list of World’s Billionaires-2017 compiled by Forbes magazine. A notch ahead of Balkrishna is PV Ramprasad Reddy, a Hyderabad-based leading industrialist and co-founder of Aurobindo Pharma. 

New York: Acharya Balkrishna, the close associate of yoga guru Ramdev and Managing Director of Patanjali Ayurved, made his debut on the list of World’s Billionaires-2017 compiled by Forbes magazine. A notch ahead of Balkrishna is PV Ramprasad Reddy, a Hyderabad-based leading industrialist and co-founder of Aurobindo Pharma.

With net worth of $2.6bn, Reddy ranked 782 in the Forbes list. Another pharma industrialist from Hyderabad in the list is Murali Divi of Divi's Laboratories. With net worth of $1.6bn, Murali Divi has been ranked at 1,290.

With the latest list, India is home to 101 billionaires, the first time it has more than 100 super rich individuals. According to a latest list released by Forbes, Balkrishna has been ranked at 814th spot with his net worth of $2.5 billion. He holds 97 per cent stake in the fast-growing consumer goods firm Patanjali Ayurveda. Balkrishna already entered the annual Forbes list of India’s 100 Richest People at the 48th position with a net worth of $2.5 billion in September 2016.

As usual Reliance Industries (RIL) chief Mukesh Ambani leads the club of 101 super rich Indians, said Forbes magazine. Founder of mobile wallet Paytm Vijay Shekhar Sharma is ranked 1,567 with his net worth of $1.3 billion.

There are nearly 20 people of Indian-origin who have made fortunes in various nations across the world, led by UK-based Hinduja brothers ranked 64th with $15.4 billion net worth, Indian-born tycoon Pallonji Mistry, who controls the 152-year-old Mumbai-headquartered engineering giant Shapoorji Pallonji Group at the 77th spot with $14.3 billion net worth and petrochemicals major Indorama co-founder Sri Prakash Lohia at the 288th spot with $5.4 billion net worth.

Ambani, 59, leads the pack of Indian billionaires, coming in at the 33rd position with a net worth of $23.2 billion. His younger brother Anil is ranked 745th with a net worth of $2.7 billion.

The list includes only four women billionaires from India, led by Savitri Jindal and her family at the 303rd position with a net worth of $5.2 billion. Smita Crishna-Godrej from the Godrej clan is ranked 814th followed by Biocon founder Kiran Mazumdar-Shaw (973) and Leena Tewari (1030), chair of USV India which specialises in diabetic and cardiovascular drugs.

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