HCL Shiv Nadar Added Most Wealth in 2013..

Nine Indians on Bloomberg list of the world's 300 richest people; Mukesh Ambani drops from 18th in 2012 to 35th..

In general, India’s billionaires would like to forget 2013 in a hurry. But, there are a few exceptions.

At least 4 of the 9 Indian billionaires in Bloomberg’s list of the world’s 300 richest individuals made more money and added a combined $1,070 Crore to their wealth during the year (2013).

Not surprisingly, 3 of them belong to the information technology & healthcare sectors, while the 4th - Mr. Pallonji Mistry, a major stakeholder in Tata Sons - has benefited largely from a robust 68% rise in Tata Consultancy Services’ (TCS’) stock price. A sharp fluctuation in the value of the rupee also contributed to the swinging fortunes of India’s billionaires during the year.

 

Mr. Shiv Nadar

Mr. Shiv Nadar, founder and chairman of India’s 3rd-largest software exporter, HCL Technologies, topped among the Indian billionaires going to end 2013 richer. His wealth has gone up by as much as $ 390 crore billion since January, 2013 with HCL’s share price doubling during the period to close at Rs. 1,246 apiece on December 26, 2013..

Close second was Sun Pharmaceutical Founder & Managing Director Mr. Dilip Shanghvi, now among the world’s 100 richest individuals, added $320 crore to his wealth in 2013.

Mr. Pallonji Mistry, father of Tata group chairman Cyrus Mistry, added $260 Crore to his wealth this year.

Wipro Chairman Mr. Azim Premji was the 4th biggest gainer, adding $ 94.10 Crore to his fortune.

But things have not been that rosy for the other 5 billionaires in the list -  they have lost acombined $ 620 Crore. Mr. Mukesh Ambani, India’s richest man, dropped from his global ranking of 18th  richest in 2012 to 35 th in 2013, with his wealth eroding by $100 crore during the year.

Anil Ambani lost $ 81.30 Crore of his wealth, despite a spectacular 78% surge in Reliance Communications’ share price.

Globally, the world’s biggest wealth creator in 2013 was Microsoft Chairman Mr. Bill Gates, who added $ 1,480 Crore during the year to take his wealth to $ 7,750 Crore. Microsoft’s shares rose 39% during the period.

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