Login | Register

Close
Login (Email):
Password:
Remember MeForgot Password 
New Register   
Top 10
Richest people in the infrastructure and construction business

Shashi & Ravi Ruia

Net Worth: $15.8billion, as of March 2011

Age: 67

Source: Diversified

Residence: Mumbai, India

Country of Citizenship: India

Education: Bachelor of Arts / Science, University of Madras

Marital Status: Married

Children: 2

Forbes Lists:

#42 Forbes Billionaires

#6 in India

Over four decades, brothers built their Essar Group into $15 billion (revenues) conglomerate with interests in steel, oil, shipping, power, telecom and construction. They made a big splash last year with a $1.85 billion IPO of Essar Energy, the largest ever listing in London by an Indian firm. In February, it bought a UK refinery from Shell for $350 million. Vodafone, their long-time partner in telecom, opposed their proposal to transfer part of their stake in unlisted Vodafone Essar to their listed India Securities. They also hold a minority stake in Loop Telecom, owned by their brother-in-law and is under the scanner as part of an investigation into the telecom corruption scandal. However, the company denies any wrongdoing. Sons Prashant, Anshuman and Rewant work in the group.


Post a Comment
Name
:
Email :
Comments :
Security Code :  
Not readable? Change text.


   
NEWSLETTER
Email :