Billionaire investor and HCL Technologies founder Shiv Nadar is among world’s 50 richest people

Sep 15, 2021

By: Kritti Bhalla

Shiv Nadar among richest top 50

Indian billionaire Shiv Nadar has entered the elite club of the world’s 50 richest people, as per Forbes. He now sits at the 45th spot.

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Net worth grew by $1.5 billion

The 76-year-old investor’s net worth has touched $31.1 billion, growing $1.5 billion so far this year.

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The story so far

Shiv Nadar is the founder and chairman emeritus of HCL Technologies Limited and the Shiv Nadar Foundation.

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HCL is the biggest driver of Nadar’s weath

Shiv Nadar is the largest shareholder of HCL Technologies, which reported a revenue of $10 billion in FY21.

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HCL shares are up 34 percent this year

HCL’s shares have grown 33.93 percent this year to date. It closed at ₹1,273 on September 15.

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Shiv Nadar Foundation

Shiv Nadar established Shiv Nadar Foundation in 1994 to offer better education opportunities to students across India. The foundation has invested over $896 million in these initiatives.

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Third richest

Mukesh Ambani is the richest billionaire in India, followed by Gautam Adani and his family. Shiv Nadar is now at the third spot.

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Radhakishan Damani makes it to the list

Radhakishan Damani, founder of DMart, also entered the top 100 list as his valuation touched $19.7 billion. He is now the fourth richest Indian.

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Shiv Nadar’s investments

Shiv Nadar publicly owns stocks in these firms — HCL Infosystems, HCL Technologies and Universal Office Automation.

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DMart was the biggest wealth source for Damani

The majority of gains recorded by Radhakishan Damani’s net worth in 2021 have come from his stake in Avenue Supermarts (DMart). DMart’s shares have grown 83 percent this year to date.

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