Net worth in 2019: $11.1 b
The 52-year-old Kumar Mangalam Birla is the 10th richest person in India with a networth of ₹11.1 billion in 2019, according to Forbes. He owns majority stake in the Aditya Birla Group that traces its roots to 1857, which was when the first war of independence began in India.
His family is among the oldest business families in India who started as cotton traders in the 1850s.
The group currently operates in 34 countries with more than 120,000 employees worldwide.
In 20 years, Aditya Birla group’s revenues grew 26-fold from $1.6 billion in 1995 to $41 billion in 2015. As of 31 March, 2019, the group’s revenues were at $48.3 billion. It is India’s third largest conglomerate after Tata Group ($110 billion) and Reliance Industries ($90 billion).
The group constitutes of notable consumer goods brands including Louis Phillipe, Allen Solly, Peter England, and Van Heusen. He is also the chairman of Vodafone-Idea.