After decades, Mukesh Ambani and Gautam Adani have dominated the Indian wealth landscape, their names synonymous with immense empires and astronomical net worths. However, 2023 witnessed a tectonic shift, with a new name etching itself at the top of the ladder: Savitri Jindal, the steel matriarch, has unexpectedly surged ahead of both Ambani and Adani in terms of net worth growth.
Savitri Jindal overtakes Mukesh Ambani And Gautam Adani in terms of net worthvertakes Mukesh Ambani And Gautam Adani in terms of net worthovertakes Mukesh Ambani And Gautam Adani in terms
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Jindal, chairperson emeritus of the OP Jindal Group, saw her fortune balloon by a staggering $9.6 billion over the past year, propelled by the stellar performance of her steel conglomerate. JSW Steel, the group’s flagship, witnessed robust demand and rising metal prices, translating into impressive profits and ultimately boosting Jindal’s wealth to an estimated $25 billion.
While Ambani, Asia’s wealthiest man, still reigns supreme with a net worth of $92.3 billion, his growth was a modest $5 billion in comparison. Adani, meanwhile, experienced a sharp decline in fortune, slipping from $120.5 billion to $85.1 billion amidst market volatility and concerns surrounding his diversified conglomerate.
Savitri Jindal overtakes Mukesh Ambani And Gautam Adani in terms of net worth
This is a remarkable feat for Jindal, not just for the sheer magnitude of her wealth leap, but also for the symbolism it carries. In a landscape traditionally dominated by male figures, her rise underscores the growing power and influence of women in Indian business.
Jindal’s journey to the top has been anything but ordinary. After the untimely demise of her husband, OP Jindal, in 2004, she took the reins of the sprawling empire, navigating through volatile markets and fierce competition. Under her leadership, JSW Steel transformed from a domestic player to a global powerhouse, diversifying into other sectors like infrastructure and energy.