Mukesh Ambani retains world's richest Indian tag, Uday Kotak becomes wealthiest self-made banker

Banker Uday Kotak is a much feted man, and most certainly no stranger to rich lists. Even then this is a special occasion. According to a recent global rich list, Kotak is now the world’s richest self-made banker. The Indian billionaire banker is the executive vice chairman and managing director of Kotak Mahindra Bank.

According to the Hurun Global Rich List for 2020, “With a net worth of Rs 1,04,300 crore ($15 bn), Kotak has stormed into global 100 making him the richest self-made banker in the world.” The Kotak Mahindra Bank chairman holds the 91st rank in the list.

Only three Indians are ahead of Kotak in the top 100 list. India’s richest man, Mukesh Ambani, is also the richest Indian globally. He holds the 9th rank with a net worth of $67 billion according to the report. Gautam Adani and Shiv Nadar (and family) tie in at the 68th rank, each with around $17 billion as net worth.

According to this rich list, the world added 480 billionaires last year, of which 34 are Indian. As for the geographical spread of billionaires in the country, Mumbai is home to 50 of them, Delhi to 30 and Bengaluru to 7.