HCL Tech’s Shiv Nadar and JSW Group’s Savitri Jindal add $10 billion each to their fortune in 2024 – CNBC TV18
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With a year-to-date gain of 33%, shares of HCL Technologies have outdone most of their large-cap peers so far this year. To be sure, about 85% of Nadar’s fortune is derived from HCL Technologies, as the founder, along with his family, held 61% of the company. They also own another 63% in HCL Infosystems, a computer maker and services company. His net worth as of Monday stood at $44.4 billion, which is an increase of a whopping $10.5 billion from the previous year.
On the flip side, Jindal’s net worth is spawned from her ownership in companies controlled by OP Jindal Group. According to Bloomberg, Jindal’s holdings in JSW Steel is valued at $7.8 billion, followed by ownership worth $7 billion each in JSW Energy and JSW Infrastructure. Her total net worth currently stands at $34.6 billion.
Among group companies, shares of JSW Energy have gained the most in 2024, which was followed by JSW Infrastructure and Jindal Stainless. The stock of JSW Energy has rallied close to 70% since the beginning of the year, whereas JSW Infrastructure and Jindal Stainless added 52% and 30%, respectively, during the same period.
According to the Bloomberg Billionaires Index, Shiv Nadar occupies the third rank with a net worth of $44.4 billion, whereas Savitri Devi Jindal is placed between Shapoor Mistry & Family and Azim Premji. Other billionaires who have witnessed a substantial increase in their net worth include Sunil Mittal of Bharti Airtel ($9.5 billion) and Sun Pharma’s Dilip Shanghvi ($7.9 billion).
However, Reliance Industries chairman Mukesh Ambani and Adani Group founder Gautam Adani continue to occupy the top spots with a net worth of $96.3 billion and $80.8 billion, respectively.
(Edited by : Ajay Vaishnav)
