Money isn’t everything but everything needs money. There is absolutely no limit to money. It makes the world go round and it is never enough! Unfortunately, this pandemic has brought everyone to their knees. People have lost their net worth on a global scale. But you will be appalled to know that some of the richest NRIs (Non-Resident Indians) have more than enough money to serve them for a good number of lifetimes! This list is based on data from IIFL Wealth Hurun India.
Top 6 Richest NRIs in 2024:
1. Hinduja Brothers – UK’s Richest Family – $37 Billion
Hinduja Brothers: Srichand (SP), Gopichand (GP) and Prakash (PP) Hinduja
Hinduja Brothers Net Worth: Around £37 billion (As of September 2024)
Primary Industry: Automobile, Petrochemicals And Investments
Where Do Hunduja’s Live?
All three remaining siblings are British citizens, residing in different locations: Gopichand in London, Prakash in Monaco, and Ashok in Mumbai.
What Are Hinduja’s Known For?
Did You Know This About Hindujas?
2. Shapoorji Pallonji Mistry – $25 Billion
Shapoorji Pallonji Mistry Net Worth: Around $25 billion (As of September 2024)
Primary Industry: It operates in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology.
Where Does Shapoorji Mistry Live?
The Irish-born Indian also holds Irish citizenship, lives in Monaco, and manages operations remotely.
What Is Shapoorji Mistry Known For?
- Shapoor Mistry leads the 158-year-old Shapoorji Pallonji Group, a major engineering and construction company. He shares his wealth with the family of his late brother Cyrus Mistry.
- The family’s main asset is an 18.4% stake in Tata Sons. ($150 Billion)
Did You Know This About Shapoorji Mistry?
- The Mistry Group’s first international project was constructing the Sultan of Oman’s Palace in 1976, known as Qasr Al Alam Palace, which is now a major tourist attraction in Oman.
- The company is renowned for constructing several iconic buildings in Mumbai, such as the Hong Kong Bank, Grindlays Bank, Standard Chartered Bank, the Reserve Bank of India, and the Bombay Stock Exchange.
- Other notable projects include The Imperial in Mumbai, Jumeirah Lake Towers in Dubai, and Ebene Cyber City in Mauritius.
3. Vinod Shantilal Adani – $23 Billion
Vinod Adani Net Worth: Around $23 Billion (as of 7 October 2020)
Primary Industry: The Adani Group began with commodities trading and has expanded into ports, airports, power generation, transmission, and green energy, among other sectors.
Where Does Vinod Adani Live?
Adani has lived in Dubai since 1994 and is a citizen of Cyprus. He has managed trading businesses in Dubai, Jakarta, and Singapore.
What Is Vinod Adani Known For?
Adani started his entrepreneurial journey with VR Textile, setting up power looms in Mumbai. He then expanded into trading commodities like sugar, oils, and metals, establishing global operations in Singapore and the Middle East. (In 1988)
Did You Know This Vinod Adani?
In Dubai, Vinodbhai ventured into new businesses, buying large quantities of sugar and oil from grain-producing countries and selling them to nations in need. He also purchased scrap iron, copper, and aluminum.
4. Laxmi Mittal – $15 Billion
Laxmi Mittal Net Worth: Around $15 Billion (Forbes – As of September 2024)
Primary Industry: Steel Industry and Mining.
Where Does Laxmi Mittal Live?Lakshmi Mittal currently lives at 18–19 Kensington Palace Gardens, London, which is worth about $60 million.
What Is Laxmi Mittal Known For?He is the executive chairman of ArcelorMittal, the world’s second-largest steelmaker, and chairman of stainless steel manufacturer Aperam. He is known as the “Steel Magnate” or “King of Steel.”
Did You Know This About Laxi Mittal?
5. Jay Chaudhry – $11.4 Billion
Jay Chaudhary Net Worth: Around $11.4 Billion (As of September 2024)
Primary Industry: Software and Cybersecurity Services.
Where Does Jay Chaudhary Live?
Chaudhry and his wife, Jyoti, have three children. He currently resides in Reno, Nevada, in the United States.
What Is Jay Chaudhary Known For?
Did You Know This About Jay Chaudhary?
According to Forbes, Jay Chaudhry took his first flight in 1980 when he was accepted into a master’s program in engineering and management at the University of Cincinnati, Ohio, United States.
6. M. A. Yusuff Ali – $8.7 Billion
M. A. Yusuff Ali Net Worth: Around 8.7 Billion (Forbes – As of September 2024)
Primary Industry: M.A. Yusuff Ali leads LuLu Group International, which operates 256 hypermarkets and malls across the Gulf and beyond.
Where Does M. A. Yusuff Ali Live?
He is married, with three children, and lives in Abu Dhabi, UAE.
What Is M. A. Yusuff Ali Known For?
Did You Know This About M. A. Yusuff Ali?
- Yusuff Ali, from a small village in Kerala, moved to Abu Dhabi in 1973 to join his uncle’s business. He is a philanthropist who donated $6.8 million to combat COVID-19 and built a 1,400-bed treatment center in Kerala.
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Yusuff Ali personally helped set up a three-storey, 40,000 sqft elderly home for women at Gandhi Bhavan. The ₹15-crore facility can accommodate 300 people.
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