Jul 18, 2022
By: Vaamanaa SethiMatriarch of Jindal Steel, who took over her husband’s throne after his death in a helicopter crash in 2005, has seen fortune rise by at least $12 billion over the last two years of the pandemic. As of July 18, her net worth stands at $10.5 billion, as per Bloomberg Billionaire index.
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Her net worth has more than tripled to $17.7 billion in 2022, from $4.8 billion in 2020. However, 2019 and 2020 weren’t good, as her net worth declined by almost 50 percent from $8.8 billion in 2018 to $5.9 billion in 2019 to $4.8 billion in 2020.
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Jindal, along with other billionaires like Dilip Shanghvi of Sun Pharma, Kumar Mangalam Birla of Aditya Birla Group, Nusli Wadia of Wadia Group saw their wealth increase between $1 billion and $4.3 billion in the first six months of 2021.
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Savitri Jindal controls her husband's stake in the O.P. Jindal Group share in each company will be transferred to the son heading it when she dies, according to exchange filings, reflecting her status as matriarch.
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According to a Forbes report, Jindal broke into the top 10 club for the first time with a net worth of $18 billion in 2021, up from $6.6 billion a year ago. However, she has been the richest woman in India for a couple of years now.
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Her ranking in the global billionaires club also jumped from 349 in 2020 to 126 in 2022 with a net worth of $10.5 billion, according to Bloomberg.
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She is ahead of Biocon owner Kiran Mazumdar-Shaw ($3.2 billion) and Smita Crishna-Godrej ($2.5 billion) in the Forbes rich list.
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Jindal once famously said, “In our family, women do not venture out. We remain in charge of the house while the men take care of everything outside,” in an interview with Forbes.
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In the backdrop, Jindal, mother of nine children, is not only the matriarch of the Jindal Group but also a homemaker and an active politician.
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Jindal was a minister in the Haryana Government and a member of the Haryana Vidhan Sabha from Hisar constituency. She lost the seat in elections held in 2014 for the Haryana assembly. She is now a member of the Indian National Congress party.
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She never went to college. And didn’t even know how much her billionaire husband made, mostly because she never even asked.
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the company is actually run by her four sons — Prithviraj, Sajjan, Ratan and Naveen.
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