Forbes Asia — October 2017

51

JAIN FAMILY

$3 BILLION

BENNETT COLEMAN & CO.

52

ASHWIN CHOKSI

$2.95 BILLION S

ASIAN PAINTS AGE: 74

53

RAJAN RAHEJA

$2.9 BILLION S

EXIDE INDUSTRIES AGE: 63

54

RAKESH JHUNJHUNWALA

$2.8 BILLION S

RARE ENTERPRISES AGE: 57

55

KISHORE BIYANI

$2.75 BILLION 3

FUTURE GROUP AGE: 56

56

ABHAY VAKIL

$2.71 BILLION S

ASIAN PAINTS AGE: 66

57

CHANDRU RAHEJA

$2.7 BILLION S

K. RAHEJA CORP. AGE: 77

58

M.G. GEORGE MUTHOOT

$2.67 BILLION S

MUTHOOT FINANCE AGE: 67

59

ABHAY FIRODIA

$2.65 BILLION S

FORCE MOTORS AGE: 72

60

YUSUF HAMIED

$2.62 BILLION

CIPLA AGE: 81

61

RAJESH MEHTA

$2.6 BILLION S

RAJESH EXPORTS AGE: 53

62

VIJAY CHAUHAN

$2.5 BILLION T

PARLE PRODUCTS AGE: 81

63

AMALGAMATIONS GROUP FAMILY

$2.48 BILLION S

TRACTORS & FARM EQUIPMENT

THE LIST

SUP MORE THAN 10% TDOWN MORE THAN 10%

ÌNEW TO LIST 3 RETURNEE

SAJJAN JINDAL: FAMILY JEWELS
The biggest assets of matriarch Savitri Jindal’s (No. 16) O.P.
Jindal Group are overseen by her Mumbai-based son, Sajjan
Jindal. Shares of his JSW Steel were up 46% in the past
year thanks to a recovery in steel prices. After losing out in
June to fellow billionaire Lakshmi Mittal’s ArcelorMittal to

acquire struggling Italian steelmaker Ilva, Sajjan announced

plans to invest in a venture to make electric cars. Another

new business is to make paints. Younger sibling Naveen’s

Jindal Power & Steel, once a highflier, is weighed down by

$7.1 billion in debt.