The Poor Are Not On The Rich Mans List

The Poor Are Not On The Rich Mans List, a photo by firoze shakir photographerno1 on Flickr.

55 INDIAN BILLIONAIRES.

India's Billionaires & their castes ..


A very very interesting story on India 's caste issues

Forbes magazine has put out a list of the world's 1,210 billionaires.
Fifty-five of them are Indians. A billion dollars is Rs. 4,480 crore.
A Baniya is a member of the Vaish caste, originating mainly from Rajasthan and Gujarat .

They are under 1% of India 's population. Yet, 26 of the 55 are baniyas!
India 's richest man is a Baniya (Lakshmi Mittal, world's sixth richest with $31.1 billion),
India 's second richest man is a Baniya (Mukesh Ambani, $27 billion),
India 's third richest man is a Khoja (Azim Premji, $16.8 billion),
India 's fourth richest men are Baniyas (Shashi and Ravi Ruia, $15.8 billion),
India 's fifth richest person is a Baniya (Savitri Jindal, $13.2 billion),
India 's sixth richest man is a Baniya (Gautam Adani, $10 billion),
India 's seventh richest man is a Baniya (Kumar Mangalam Birla, $9.2 billion),
India 's eighth richest man is a Baniya (Anil Ambani, $8.8 billion),
India 's ninth richest man is a Baniya (Sunil Mittal, $8.3 billion).
India 's 10th richest man is a Parsi (Adi Godrej, world's 130th richest with $7.3 billion).

Score: Baniyas 8, Rest of India 2. If we consider the Gujaratis Godrej and
Premji (from the Lohana caste) as coming from mercantile communities then
actually Rest of India wasn't playing this match so far.

India 's 11th richest man is K.P. Singh of DLF ($7.3 billion). He is the
first departure from our trend of mercantile castes. Singh is a peasant, the
most populous caste grouping of India , about 50% of our population. From
numbers 11 to 20, there are four Baniyas. They are Anil Agarwal of Vedanta
($6.4 billion), Dilip Shanghvi of Sun Pharma ($6.1 billion), Uday Kotak
($3.2 billion), and Subhash Chandra Goel of Zee, ($2.9 billion). The
non-Baniyas are Shiv Nadar of HCL ($5.6 billion), Malvinder and Shivinder
Singh of Ranbaxy ($4.1 billion), Kalanithi Maran of Sun TV ($3.5 billion),
Mukesh Jagtiani of Landmark ($3 billion) and Pankaj Patel of Cadila ($2.6 billion).
>
> Between 21 and 30, there are five Baniyas. They are Indu Jain of The Times
> of India ($2.6 billion), Desh Bandhu Gupta of Lupin ($2.1 billion), Sudhir
> and Samir Mehta of Torrent ($2 billion), Aloke Lohia of Indorama ($2
> billion) and Venugopal Dhoot of Videocon ($1.9 billion). The five
> non-Baniyas are G.M. Rao of GMR ($2.6 billion), Cyrus Poonawalla of the
> Serum Institute ($2.3 billion), Mumbai builder Rajan Raheja ($2.2 billion),
> Narayana Murthy ($2 billion) and Gautam Thapar of Avantha ($2 billion). Of
> the non-Baniyas, three are from mercantile communities: Poonawalla (Parsi),
> Raheja (Shikarpuri Sindhi) and Thapar (Khatri). Murthy is Brahmin.
>
> Between 31 and 40 are two Baniyas: Rahul Bajaj ($1.6 billion) and Ajay
> Piramal ($1.4 billion). The non-Baniyas include three Brahmins: Nandan
> Nilekani ($1.8 billion) and S. Gopalakrishnan ($1.6 billion) of Infosys, and
> Vijay Mallya ($1.4 billion). Three of the others are from mercantile castes:
> Chandru Raheja ($1.9 billion), Brijmohan Lall Munjal of Hero Motors ($1.5
> billion) and Vikas Oberoi ($1.4 billion). The last two are K. Anji Reddy
> ($1.5 billion) (from Andhra's dominant peasant community) and Ajay Kalsi of
> Indus Gas ($1.7 billion).
>
> Between 41 and 50 are five Baniyas. They are R.P. Goenka ($1.3 billion),
> Rakesh Jhunjhunwala ($1.2 billion), Brij Bhushan Singhal ($1.2 billion),
> B.K. Modi ($1.1 billion) and Mumbai builder Mangal Prabhat Lodha ($1.1
> billion). The non-Baniyas are Baba Kalyani of Bharat Forge ($1.3 billion),
> Keshub Mahindra ($1.2 billion), K. Dinesh ($1.2 billion) and S.D. Shibulal
> ($1.1 billion) of Infosys, and Yusuf Hamied of Cipla ($1.1 billion).
>
> The last five, from 51 to 55, include two Baniyas: Mumbai builder Mofatraj
> Munot of Kalpataru ($1 billion) and Ashwin Dani of Asian Paints ($1
> billion). Two of the others are from mercantile castes: Parsi Anu Aga of
> Thermax ($1 billion) and Khatri Harindarpal Banga of Noble ($1 billion).
> Delhi builder Ramesh Chandra of Unitech ($1 billion) ends our list of
> Indians with a billion dollars or more.
>
> The list has three Parsis, two Muslims and Sikhs in one spot (shared by the
> Ranbaxy Singhs). Banga is also a Sikh name but Harindarpal is clean-shaven.
> All of them, except Poonawalla, have inherited their wealth, though in the
> case of one (Premji), he took a small firm and made it global. There is
> nobody from the scheduled tribes or castes.
>
> India 's large peasant castes have some representation (Singh, Patel, Reddy),
> but not much.
>
> There are 26 Baniyas on our list. Many of them inherited their wealth, but
> just as many (Mittal, Ruias, Adani, Dhoot among others) are self-made.
>
> The list has 16 Rajasthanis, and 13 Gujaratis. Every single Rajasthani is
> from one caste, Vaish, though they are from two faiths: Hindu and Jain.
>
> Only Gujarat is capable of producing billionaires drawn from four different
> faiths-Hindu, Parsi, Jain and Muslim-and three different castes: Baniya,
> Khatri and peasant. This is unique in India and there is something about
> this secular mercantile culture that produces great men across communities.
> What is it? Three out of the four biggest leaders of the subcontinent under
> British rule were Gujarati, and they were drawn from these three castes:
> Gandhi, Jinnah and Patel. Only 5% of India 's population, Gujaratis don't
> have the numbers to dominate its democratic politics. But businesses are not
> run in democratic fashion. And to rise, you need quality, not quantity.
>
> The heartland of India , where our quantity resides, is missing from this
> list. Bihar, Bengal , Madhya Pradesh, Odisha, Uttar Pradesh have little or no
> representation and this does not surprise us.
>
> On the list are 10 south Indians, in proportion to their 20% share of
> India 's population. The famous five from Infosys are obviously self-made. Of
> the others, four are first-generation wealthy. This is a good indicator for
> the future, and it restores some balance in favour of Rest of India.
>
> Two final observations. India 's greatest businessman is not on this list.
> Why is that? It is because Ratan Tata owns less than 1% of Tata Sons. He is
> exceptional in every way.
>
> !!!!!!!!!

Some of you will be wondering that why is Pallanjee Mistree with his wealth of around $6.00 Billion not featuring in the top ten?
That's because he is an Irish citizen.

Peter Lalwani.