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{Collector’s Edition} forbes india Volume issue april 5, 2013 Price Rs 150 april 5, 2013 The The World’s Richest People 2013 World’s Richest People With $5.4 trillion between them, their wealth is now at an all-time high www.forbesindia.com Business Minus the paperwork You live on the go, travelling light You want things now, not when the courier gets there You’re connected, 24/7, and you want your reading at your fingertips Welcome to the I NDIA Tablet Edition In Association With / letter from the editor / On Doers and Doings T he special edition that you hold in your hands is the definitive guide to the richest people on earth For a little less than three decades, Forbes has been at the forefront of tracking the wealth of the biggest billionaires around the world The global wealth team, led by editors Luisa Kroll and Kerry A Dolan, have ranked the billionaires on the basis of their net worth And this year too, despite the global uncertainties, the 2013 Forbes Billionaires list has as many as 1,426 names True to form, the US has the highest share of billionaires (442, to be precise), but the rise of Asia is clearly noticeable In all, there are 386 billionaires in the region, up from 315 last year, which translates into a 20 percent jump in net worth And China is well ahead in that race, with 122 billionaires; India takes second place at 55 This time, the number of newcomers (78) in Asia is significantly higher than the number of dropouts (22), suggesting that the momentum could last for a while There are plenty of riveting stories in this edition that are bound to keep you hooked Like the one on Russian tycoon Mikhail Prokhorov, who is a strong candidate to eventually replace Vladimir Putin in the Kremlin Don’t miss the incredible story of Prince Alwaleed Bin Talal of Saudi Arabia He’s apparently willing to go to any lengths to push up his ranking on the Forbes list, except that his methods are now no longer a secret In 2010, I remember meeting Renzo Rosso in Mumbai, when he was here to launch his brand Diesel, in alliance with Reliance Brands Today, Rosso is building a global fashion conglomerate that could rival LVMH When this magazine was launched in the US in 1917, its original name was Forbes: Devoted to Doers and Doings The billionaire entrepreneurs, who feature in these pages, are a testimony to that very same spirit As Nolan Bushnell, the founder of Atari, once said about entrepreneurship, “The critical ingredient is getting off your butt and doing something It’s as simple as that A lot of people have ideas, but there are few who decide to something about them now Not tomorrow Not next week But today The true entrepreneur is a doer, not a dreamer.” The rise of Asia is clearly noticeable In all, there are 386 billionaires in the region, up from 315 last year, which translates into a 20 percent jump in net worth Best, Indrajit Gupta Editor, Forbes India indrajit.gupta@network18online.com @indrajitgupta April 5, 2013 | forbes india I NDIA Volu me | Issue | Apr i l 5, 2013 Contents features 24 The Rise of Saigon Nearly four decades after the communists declared victory, it turns out capitalism won the Vietnam War The proof: Pham Nhat Vuong, the country’s first billionaire 13 Most Eligible: Jack Dorsey 16 Woman On top: Rosalia Mera upfront 12 Global Giving Since its debut three years ago, 105 billionaires have signed Warren Buffett and Bill Gates’ Giving Pledge, promising to give away at least half their wealth Here are 11 non-US billionaire signatories Plus: Amancio Ortega leads our annual scorecard of biggest gainers 15 The Fallen Only 68 billionaires failed to make it to the list this year, and eight of those died That pales in comparison with the 210 newcomers Here are 10 notable drop-offs 16 Self-Made Women We take a quick look at 10 of the 24 women on our list who started their own businesses 13 Most Eligible Nearly all of the world’s 1,426 billionaires are married, but these five have never tied the knot Plus: Up-And-Comers, the Billionaires edition 14 Virgin Territory These entrepreneurs put their countries on the billionaire map for the first time 18 Trends: What the Billionaires List Tells Us 20 Indian Billionaires There are 55 of them on the list, with a total net worth of $194 billion forbes india | April 5, 2013 An analysis of our list shows which emerging economies are on the rise and which will disappoint 30 Billion in a Bottle PepsiCo bottler Ravi Jaipuria’s insatiable thirst for growth earned him a fortune 34 Prince of Insecurity Prince Alwaleed says he’s one of the 10 richest people in the world Forbes doesn’t buy it 42 From Oligarch to President? Mikhail Prokhorov is a tycoon in Russia, Jay-Z’s partner in Brooklyn—and a strong candidate to eventually replace Vladimir Putin in the Kremlin, a prospect the billionaire is turning into his fulltime job 48 Diesel Powered Renzo Rosso made his first billions by bringing a sexy Italian touch to the ultimate American icon, blue jeans Now he’s building an international fashion conglomerate that could one day rival LVMH 54 The Thrillionaire GoPro’s Nick Woodman lived to surf and take photos doing it A reminder of the most powerful 24 30 Vietnam’s first billionaire: Pham Nhat Vuong PepsiCo bottler Ravi Jaipuria 34 Saudi Prince Alwaleed 54 42 GoPro’s Nick Woodman Russian tycoon Mikhail Prokhorov model in business: Doing what you love 61 The World’s Billionaires The ranks of the world’s billionaires, as monitored and tallied by our global wealth team, have yet again reached alltime highs 62 The Top 20 Carlos Slim is once again the world’s richest person, followed by Bill Gates 48 Diesel’s Renzo Rosso April 5, 2013 | forbes india I NDIA Volu me | I s s ue | A pr i l , 01 Contents 124 Carbon Beach features Life 66 The Full List The 2013 Forbes Billionaires list now boasts 1,426 names, with an aggregate net worth of $5.4 trillion, up from $4.6 trillion 124 Billionaire Beach California’s Carbon Beach is the world’s most expensive sandbox Hollywood’s power players now pay upwards of $200,000 per foot of beachfront Subscriber Service: To subscribe, change address or enquire about other customer services, please contact: FORBES INDIA, Subscription Cell, C/o Digital 18 Media Ltd, Empire Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400013 Tel: 91-22-40019873/ 4001 9874 Fax- 022-24910804 (Mon –Friday: 10 am - pm) SMS FORBES to 51818 Email: subscribe@forbesindiamagazine.com, To subscribe, visit www.forbesindia.com/subscription/ To advertise, visit www.forbesindia.com/advertise/ forbes india | April 5, 2013 126 A Day in the Life Twenty-four hours of billionaire brands regulars 11 Letters to the Editor 127 Thoughts We value your feedback Write to us at: forbes.india@network18online.com Letters may be edited for brevity Read us online at www.forbesindia.com Cover Design by Anjan Das www.forbesindia.com Magazine Upfront Features Life Daily Sabbatical I NDIA Multimedia Blogs News Lists http://forbesindia.com/blog/ Must-Read Blogs Chevrolet India—The Average Car Company http://forbesindia.com/blog/ Chevrolet has the technology, portfolio of products which includes a small car, quite a few sedans, a utility vehicle and a network that covers almost 170 cities in the country But it continues to remain a fringe player in India Our Bloggers DR Rajat Chauhan An ultrarunner, and founder & medical director at Back Fitness ANIRUDHA DUTTA Blogs on stories beyond the numbers Nilofer D’Souza Ashish K Mishra An autophile with a handle on the Indian auto industry Writes on health, entrepreneurship and technology Mumbai Vs Bangalore Mumbai and Bangalore’s roles in a new global economy Are Small and Medium Businesses Really Demanding Cheaper Software? The opportunity exists in growing markets across the world, and several software vendors are shifting focus on maximising their revenues from countries like Brazil, India, Russia and China; most of the individual businesses in these countries are small to medium in terms of revenues The Fizzy Health Care Industry Research shows that 20 percent taxes on fizzy drinks would add up to over a billion pounds a year It is being recommended that the money be used in treating obesity Stereotyping: That Blinding Human Folly Some of us are blinded by our own personal stray experiences, comforting or otherwise, which makes us arrive at our own stereotypes The generic stereotypes, at least, are public and can be challenged http://forbesindia.com/multimedia/audio/1 Forbes India Now Available on iPad Download the Forbes India App Podcasts Forbes billionaires list 2013 Click Here Daily Sabbatical Lynda Gratton, a London Business School professor and a top management thinker, describes the possible ups and downs of our future work life China’s Grossly Underestimated Consumption China’s consumption rate is generally comparable to the level of consumption in the East Asian tiger economies based on figures from PWT Click Here Is ‘Conscious Capitalism’ an Antidote to Income Inequality? http://forbesindia.com/thedailysabbatical/ The Future of Working Life The Soul of the New Corporation By Mitu Jayashankar & Cuckoo Paul Young India: Developing, Engaging and Retaining Gen Y Talent If capitalism creates unacceptable income inequality, what can be done about it? How the transition will need to be managed by the country as well as organisations in order to maximise the opportunities and benefits of this enviable demographic in India April 5, 2013 | forbes india I NDIA Founder & Editor, Network18: Raghav Bahl President & Editorial Director, TV18: Senthil Chengalvarayan Editor, Forbes India: Indrajit Gupta Managing Editor, Forbes India: Charles Assisi Executive Editor, Forbes India: Shishir Prasad Design Director: Anjan Das Director-Photography: Dinesh Krishnan Director-Online & Events: Deepak Ajwani Senior Editor (Economy & Policy): Dinesh Narayanan Senior Editor: Seema Singh Senior Associate Editor: Cuckoo Paul Editor (Special Features & Social Media): Peter Griffin Contributing Editor: Mitu Jayashankar Consulting Editor: Sumana Mukherjee Editor (Markets And Finance): Pravin Palande Editor (Telecom, Media And Entertainment): Rohin Dharmakumar Senior Assistant Editor: Prince Mathews Thomas Assistant Editors: Udit Misra, NS Ramnath Senior 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Millennia Tower, Tower C, 6th Floor, No.1&2, Murphy Road, Ulsoor, Bangalore- 560 008 Tel: +91-80-4064 9191 Subscriber Service: To subscribe, change address or enquire about other customer services, please contact: FORBES INDIA, Subscription Cell, C/o Digital 18 Media Ltd, Empire Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400013 Tel: 91-22-40019873/ 4001 9874 Fax- 022-24910804 (Mon –Friday: 10 am pm) SMS FORBES to 51818 Email: subscribe @forbesindiamagazine.com, To subscribe or advertise, visit www.forbesindia.com Forbes India is printed & published by Mr B Sai Kumar on behalf of Digital18 Media Limited & printed at Infomedia Press Limited, Plot No 3, Sector No 7,Off Sion-Panvel Road, Nerul, Navi Mumbai - 400 706 & Published at Empire Complex, 1ST Floor, 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013 forbes bI L L IoN A I res $1–$2 Billion Antonio Jose Carneiro $1.2 bln energy bRazil age: 69 Leon Charney $1.2 bln reaL estate united states age: 71 Richard Chilton Jr $1.2 bln Hedge funds united states age: 54 Chung Yong-Jin $1.2 bln seRhiy tihipKo $1.2 biLLion, Ukraine Former presidential front-runner and vice prime minister of NEW Ukraine from 2010 until 2012 is now in parliament as a member of prime minister Victor Yanukovich’s party The longtime politician makes the list this year thanks largely to new information Tihipko began in banking in the 1990s and was one of the early founders of PrivatBank, currently owned by two other Ukranian billionaires Now investing heavily in agriculture retaiL south KoRea age: 44 Announced his resignation as vice chairman of retail giant Shinsegae Group, headed by his mother, in late february, following investigations by labour ministry into charges that the group was illegally monitoring employees to prevent them from joining a union Shinsegae denied that Chung’s resignation was related to the investigations He’s the nephew of Samsung Chairman Lee Kun-Hee and gets a chunk of his fortune from the electronics giant Christopher Cline $1.2 bln coaL united states age: 55 15 7 Feng Hailiang $1.2 bln Mehmet Hattat $1.2 bln copper processing china age: 52 diversified tuRKey age: 67 NEW TO THE LIST Soichiro Fukutake $1.2 bln education Japan age: 67 Hua Bangsong $1.2 bln construction china age: 47 Mario Gabelli $1.2 bln Huang Hongyun & family $1.2 bln reaL estate china age: 46 money management united states age: 70 NEW TO THE LIST Maria Ines de Lafuente Lacroze $1.2 bln inHeritance aRgentina age: 68 NEW TO THE LIST Robert Duggan $1.2 bln Shemetov Maxim / Uppa / Zuma / Newscom pHarmaceuticaLs united states age: 68 ceo of high-flying Pharmacyclics, which has a drug in clinical trials to treat a rare form of leukemia; its stock is up 250% in the last year Philip Falcone $1.2 bln Hedge funds united states age: 50 Mikhail Fedyaev $1.2 bln coaL Russia age: 50 114 forbes india | April 5, 2013 reaL estate china age: 49 NEW TO THE LIST Andrew Gotianun & family $1.2 bln reaL estate philippines age: 85 Ronald Joyce $1.2 bln restaurants canada age: 82 Canada’s “doughnut king” co-founded the Tim Horton’s doughnut chain with former NHL player Tim Horton, then sold the company to Wendy’s for $600 million, gaining 16.5 million shares; has sold all those shares and reinvested in Canadian companies that pay consistent dividends Konstantin Grigorishin $1.2 bln energy Russia age: 47 0 Mubariz Gurbanoglu $1.2 bln sHipping tuRKey age: 45 NEW TO THE LIST Jiang Zhaobai $1.2 bln NEW TO THE LIST NEW TO THE LIST Maria Del Pino y Calvo-Sotelo $1.2 bln construction spain age: 57 NEW TO THE LIST Anne Gittinger $1.2 bln retaiL united states age: 77 Yuri Gushchin $1.2 bln candy, reaL estate Russia age: 68 Yusuf Hamied $1.2 bln Baba Kalyani $1.2 bln manufacturing india age: 64 Sidney Kimmel $1.2 bln retaiL united states age: 85 Jones Group founder now produces movies Mustafa Vehbi Koc $1.2 bln pHarmaceuticaLs india age: 76 diversified tuRKey age: 52 forbes bI L L IoN A I res $1–$2 Billion Pyotr Kondrashev $1.2 bln Roger Penske $1.2 bln fertiLiZers Russia age: 63 cars united states age: 76 Jorge Perez $1.2 bln Andrei Kozitsyn $1.2 bln metaLs Russia age: 52 reaL estate united states age: 64 T Boone Pickens $1.2 bln Solomon Lew $1.2 bln retaiL austRalia age: 68 oiL & gas, investments united states age: 84 Peter Lewis $1.2 bln Kevin Plank $1.2 bln insurance united states age: 79 under armour united states age: 40 Progressive insurance chairman is big backer of marijuana legalisation Alexander Rovt $1.2 bln NEW TO THE LIST fertiLiZer, reaL estate united states age: 60 Liu Zaiwang & family $1.2 bln Cigdem Sabanci Bilen $1.2 bln decoration china age: 41 Co-founder of Jangho Curtain Wall, fastgrowing designer of building exteriors diversified tuRKey age: 43 Anatoly Lomakin $1.2 bln Lily Safra $1.2 bln banking Monaco age: 75 0 hubeRt d’oRnano fertiLiZers Russia age: 60 $1.3 biLLion, france Sisley Cosmetics’ founder Hubert d’Ornano makes the list thanks to his NEW skin care company’s cult following (and its prices: $475 for a 1.6-ounce pot of its signature cream) He and his family own 100% of Sisley, which did over $760 million in revenues in 2011 D’Ornano is considered cosmetics royalty: His father, Guillaume, co-founded Lancôme in 1935 He’s also real royalty, of sorts: A count married to a Polish royal, a Radziwill (his wife Isabelle’s uncle was married to Jackie Kennedy Onassis’ sister) Nikolai Maximov & family $1.2 bln investments Russia age: 55 C Dean Metropoulos $1.2 bln investments united states age: 66 Food saviour, who in the past revamped chef Boyardee and Perrier Jouet champagne, now owns Pabst Brewing He is bidding with Apollo Global Management to buy Hostess’ snack cake lines, including Twinkies Bruce Nordstrom $1.2 bln retaiL united states age: 79 NEW TO THE LIST Sjamsul Nursalim $1.2 bln tyres indonesia age: 72 Bernard Saul II $1.2 bln banking, reaL estate united states age: 80 NEW TO THE LIST Seo Jung-Jin $1.2 bln biotecH south KoRea age: 55 Roberto Ongpin $1.2 bln diversified philippines age: 76 Nihat Ozdemir $1.2 bln diversified tuRKey age: 62 NEW TO THE LIST Hedge funds sweden age: 52 Ahsen Ozokur $1.2 bln food manufacturing tuRKey age: 62 Nelson Peltz $1.2 bln investments united states age: 70 He’s the founder of Celltrion, South Korea’s largest biotechnology company, which manufactures biosimilars—cheaper versions of complex brandname drugs like Remicade Bacaksiz Sezai $1.2 bln diversified tuRKey age: 63 NEW TO THE LIST Allan Slaight $1.2 bln broadcasting canada age: 80 Petter Stordalen $1.2 bln HoteLs noRway age: 50 Paul Cooper / Rex USA Mofatraj Munot $1.2 bln reaL estate india age: 68 15 7 Thomas Sandell $1.2 bln April 5, 2013 | forbes india 115 forbes bI L L IoN A I res $1–$2 Billion AccoutREmEnts Frank Stronach $1.2 bln auto parts canada age: 80 Sold nearly all his shares in Canadian auto parts firm Magna International in 2012 In September he announced the creation of his own Austrian political party and his intention to run for chancellor in Austria, where he was born NEW TO THE LIST Sun Hongbin $1.2 bln reaL estate united states age: 50 Henry Swieca $1.2 bln Hedge funds united states age: 55 NEW TO THE LIST Serhiy Tihipko $1.2 bln Oracle software chieftain Larry Ellison paid a reported $500 million in June for his own paradise—a 98% stake in the 141-square-mile Hawaiian island of Lanai Also included in the deal were two resort hotels and two golf courses To complement this purchase, Ellison recently acquired regional airline Island Air, perhaps making travel to his new crash pad all the easier banking, agricuLture uKRaine age: 53 Kenny Troutt $1.2 bln teLecommunications united states age: 65 years in a soviet prison camp after being found guilty of a “violent crime” in 1980 NEW TO THE LIST NEW TO THE LIST Tu Jianhua $1.2 bln motorcycLe, reaL estate china age: 49 Todd Wagner $1.2 bln onLine media united states age: 52 NEW TO THE LIST Langley Walker $1.2 bln reaL estate austRalia age: 67 hotels spain aGe: 78 George Joseph $1.15 bln 1250 Alain Bouchard $1.15 bln retaiL canada age: 63 Gabriel Escarrer $1.15 bln Started out stocking shelves at age 19 Eventually helped co-found what became Alimentation Couche Tard, the $23 billion (sales) convenience-store giant, whose shares jumped nearly two-thirds over the past year The Canadian purveyor, whose name means “night owl” in french, operates 7,500 Circle K stores worldwide insuRance united states aGe: 91 Former World War II B-17 bomber pilot Founder of auto insurer Mercury General Corp NEW TO THE LIST Lam Kong $1.15 bln PhaRmaceuticals China aGe: 48 NEW TO THE LIST Jefrey Lorberbaum $1.15 bln NEW TO THE LIST Wang Wei $1.2 bln deLivery service china Gavril Yushvaev $1.2 bln food , reaL estate Russia age: 55 Ron Dahlquist / Newscom He and fellow billionaire Zelimkhan Mutsoev bought Brooklyn Nets owner Mikhail Prokhorov’s 38% stake in Polyus Gold for $3.6 billion in February Three years before, PepsiCo bought his 20% stake in the dairy-and-juice company Wimm-Bill-Dann for about $1.1 billion He apparently served 116 forbes india | April 5, 2013 Cho Tak Wong & family $1.15 bln auto PaRts hong kong aGe: 66 15 20 Maker of auto glass for GM, Ford, Nissan Ana Lucia de Mattos Barretto Villela $1.15 bln banKinG brazil aGe: 39 flooRinG united states aGe: 58 Son of a carpet industry pioneer Runs Mohawk industries, the world’s largest flooring company NEW TO THE LIST Alfredo Egydio Arruda Villela Filho $1.15 bln banKinG brazil aGe: 43 Rosa Evangelina Marcondes Penido Dalla Vecchia $1.15 bln toll Roads brazil aGe: 63 Arturo Moreno $1.15 bln billboaRds united states aGe: 66 forbes bI L L IoN A I res $1–$2 Billion Qi Jinxing $1.15 bln Real estate China aGe: 50 PhaRmaceuticals turkey aGe: 60 Chairman of Abdi Ibrahim Pharmaceuticals, first Turkish company to rank among world’s top 100 pharmaceutical firms NEW TO THE LIST Albert Shigaboutdinov $1.15 bln RefineRy, chemicals russia aGe: 58 Elena Baturina $1.1 bln constRuction russia aGe: 50 Leonid Simanovsky $1.15 bln inVestments russia aGe: 63 Real estate united states aGe: 75 Peter Sperling $1.15 bln education united states aGe: 53 PaPeR China aGe: 56 Carl Berg $1.1 bln ments Service Square Nyu dropout inked exclusive deal in August 2012 to bring that service into thousands of Starbucks stores John Edson $1.1 bln leisuRe cRaft united states aGe: 80 Korean War vet started building boats in his garage Cheung Yan $1.1 bln Son of founder of online University of Phoenix James Clark $1.1 bln Paul Foster $1.1 bln oil RefininG united states aGe: 55 Oilman returns to ranks as his Western Refining’s stock rose more than 90% year-over-year Sold fireworks and bagged groceries as a kid netscaPe united states aGe: 69 Fu Guangming & family NEW TO THE LIST Garibaldi Thohir $1.15 bln NEW TO THE LIST Jack Dorsey $1.1 bln technoloGy united states aGe: 36 PoultRy China aGe: 59 Twitter co-founder debuts on this list thanks to success of his second startup, mobile-pay- coal indonesia aGe: 47 Suat Gunsel $1.1 bln Real estate, education Cyprus aGe: 60 NEW TO THE LIST NEW TO THE LIST Daniel Harrison III $1.1 bln Arkady Volozh $1.15 bln inteRnet russia aGe: 49 oil & Gas united states aGe: 65 Founder and largest shareholder of search engine Yandex, Russia’s version of Google NEW TO THE LIST Huang Zhenda & family $1.1 bln Wong Kwong Yu & family $1.15 bln Retail China aGe: 43 constRuction China aGe: 65 NEW TO THE LIST Serving 14-year prison sentence but still holds shares in his Gome Electrical Appliances NEW TO THE LIST 1268 Marcel Adams $1.1 bln Real estate Canada aGe: 92 NEW TO THE LIST Len Ainsworth $1.1 bln GaminG australia aGe: 89 Shares of his small betting-machine maker quadrupled after gaining a Las Vegas foothold NEW TO THE LIST Nezih Barut $1.1 bln Huo Qinghua $1.1 bln 16 28 coal China aGe: 51 Hamdi ulukaya $1.1 billion, turkey After seeing a for-sale ad for a Kraft Foods yogurt plant in central NEW New York, the Turkish native bought the factory in 2005 and started perfecting the recipe for Greek-style yogurt Catching the rest of the industry off -guard, he launched a Greek yogurt fad and cemented a dominant market share for his Chobani brand In December he opened a new $450 million plant in Idaho to meet demand One downside: His ex-wife brought a $1.5 billion lawsuit in August 2012 alleging that Ulukaya owes her an ownership stake Mohammed Ibrahim $1.1 bln communications united kingdom aGe: 66 NEW TO THE LIST Daisy Igel $1.1 bln Gas, PetRochemicals brazil aGe: 85 NEW TO THE LIST Robert Ingham $1.1 bln aGRicultuRe australia aGe: 81 Lucas Jackson / Reuters Rustem Sulteev $1.15 bln RefineRy, chemicals russia aGe: 59 $1.1 bln April 5, 2013 | forbes india 117 forbes bI L L IoN A I res $1–$2 Billion NEW TO THE LIST Mitchell Jacobson $1.1 bln industRial equiPment united states aGe: 62 largest makers of oyster sauce, soy sauce and 200 other types of Chinese condiments His ancestor Lee Kum Sheng reportedly invented oyster sauce in 1888 Eric LefKofsky $1.1 bln tRansPoRtation united states aGe: 85 Controls Detroit’s Ambassador Bridge, the busiest border crossing between us and Canada NEW TO THE LIST Bent Jensen $1.1 bln GRouPon united states aGe: 43 Lost more than half his fortune in past year manufactuRinG denmark aGe: 61 CEO of Linak, which started as a small family business but became much bigger after Jensen, a mechanical engineer, invented a linear actuator, which provides force in a straight line Various uses: Helps raise or lower hospital beds; allows solar panels to track sun’s path James Leininger $1.1 bln medical deVices united states aGe: 67 Charles Munger $1.1 bln beRKshiRe hathaWay united states aGe: 89 Warren Buffett’s right-hand man met him at a 1959 dinner party Gabe Newell $1.1 bln Li Li & family $1.1 bln VideoGames united states aGe: 50 PhaRmaceuticals China aGe: 49 Ioan Niculae $1.1 bln Ryoichi Jinnai $1.1 bln NEW TO THE LIST finance, aGRicultuRe Japan aGe: 86 Retired founder of Japan’s third-largest consumer finance outfit Now raises cattle and grows bananas Ke Xiping & family $1.1 bln inVestments China aGe: 52 Lim Hariyanto Wijaya Sarwono $1.1 bln Palm oil indonesia aGe: 84 Kim Jun-Ki $1.1 bln diVeRsified south korea aGe: 68 Son of a former deputy speaker in the Korean parliament, he founded a construction outfit at age 24 It is now involved in several industries NEW TO THE LIST Liu Ming Chung $1.1 bln PaPeR manufactuRinG brazil aGe: 50 NEW TO THE LIST aGRicultuRe romania aGe: 58 Guilherme Paulus $1.1 bln touRism brazil aGe: 63 Got rich selling affordable travel packages to Brazilian consumers through cVc, now Latin America’s biggest tour operator He sold a 63.6% stake to private equity firm Carlyle in 2009; he still controls GJP Hotels and Resorts, with 15 hotels and resorts in Brazil NEW TO THE LIST Alexander Lutsenko & family $1.1 bln aGRibusiness russia aGe: 50 William Macaulay $1.1 bln 1268 Nicholas Pritzker II $1.1 bln hotels, inVestments united states aGe: 69 Mehmet Omer Koc $1.1 bln diVeRsified turkey aGe: 51 eneRGy inVestments united states aGe: 67 ceo of First Reserve, world’s largest private equity firm specialising in the energy industry Dmitry Korzhev $1.1 bln Yuri Kovalchuk $1.1 bln banKinG, insuRance, media russia aGe: 61 PhaRmaceuticals China aGe: 49 G M Rao $1.1 bln Retail russia aGe: 49 Que Wenbin & family $1.1 bln NEW TO THE LIST Edir Macedo $1.1 bln bRoadcastinG brazil aGe: 68 Brazil’s richest pastor owns Rede Record, Brazil’s second-largest TV broadcaster infRastRuctuRe india aGe: 62 James Ratclife $1.1 bln chemicals united kingdom aGe: 60 NEW TO THE LIST Michael Krasny $1.1 bln Retail united states aGe: 59 NEW TO THE LIST Lee Man Tat $1.1 bln oysteR sauce hong kong aGe: 84 Yuri Milner $1.1 bln social netWoRKinG russia aGe: 51 Facebook’s Russian investor paid $100 million for his California home, 100% more than its fair market value 118 forbes india | April 5, 2013 PhaRmaceuticals argentina aGe: 55 David Sainsbury $1.1 bln 0 Family’s Lee Kum Kee is one of world’s Alberto Roemmers $1.1 bln Manuel Moroun & family $1.1 bln Retail united kingdom aGe: 72 forbes bI L L IoN A I res $1–$2 Billion NEW TO THE LIST Zhang Guiping & family $1.1 bln Vladimir Scherbakov $1.1 bln Real estate China aGe: 61 autos russia aGe: 63 His Avtotor holding assembled 265,000 cars, including Kia and Chevrolet, in 2012 It is now the second-biggest carmaker in Russia NEW TO THE LIST 1332 Mori Arkin $1.05 bln PhaRmaceuticals israel aGe: 60 NEW TO THE LIST Airat Shaimiev $1.1 bln NEW TO THE LIST RefineRy, chemicals russia aGe: 51 Zadik Bino $1.05 bln banKinG, oil israel aGe: 69 NEW TO THE LIST Radik Shaimiev $1.1 bln NEW TO THE LIST RefineRy, chemicals russia aGe: 48 Cui Zhixiang $1.05 bln coPPeR PRocessinG China aGe: 50 NEW TO THE LIST Joy alukkas Sheng Baijiao $1.1 bln $1 billion, India Straight after high school, Alukkas headed to the Gulf in 1987 NEW to open his family’s first overseas jewelry store He later went solo, creating Joyalukkas, a jewelry retail chain with $1.3 billion in sales Its 58,000-squarefoot store in Chennai city is billed as the world’s biggest jewelry store He’s set to open the Mall of Joy, a one-stop shop for weddings, in several Indian cities Other interests: A luxury air charter service, a money exchange and a chain of stores selling Indian wedding and trousseau wear aPPaRel China aGe: 61 NEW TO THE LIST Edward Stack $1.1 bln dicK’s sPoRtinG Goods united states aGe: 58 CEO of Dick’s Sporting Goods chain One of us’ biggest gun retailers, but it suspended sales of its highpowered rifles following the shooting in Newtown, Connecticut Dad opened fishing bait shop; Stack bought dad’s stores in 1984 Stelios Haji-Ioannou $1.05 bln easyJet Cyprus aGe: 46 Returns to the billionaire ranks on the soaring stock of his European airline, EasyJet Prefers to go by his first name only NEW TO THE LIST Seth Klarman $1.05 bln hedGe funds united states aGe: 55 Liu Baolin $1.05 bln dRuG distRibution China aGe: 59 Woods Staton $1.1 bln His Arcos Dorados, which means “Golden Arches” in Spanish, operates 1,880 McDonald’s in 20 countries and territories in Latin America and the Caribbean Dmitry Troitsky $1.1 bln $1.05 bln PublishinG germany aGe: 74 NEW TO THE LIST Hamdi Ulukaya $1.1 bln GReeK yoGuRt turkey aGe: 41 Dorothea Steinbruch $1.1 bln Monika Schoeller Retail russia aGe: 48 steel brazil Stefan von Holtzbrinck $1.05 bln PublishinG germany aGe: 49 NEW TO THE LIST Benny Subianto $1.1 bln coal indonesia aGe: 70 Tang Xiuguo $1.1 bln manufactuRinG China aGe: 49 Ye Cheng $1.1 bln diVeRsified China aGe: 51 NEW TO THE LIST Wang Jinshu $1.05 bln chemicals China aGe: 56 Ye Yuanxi & family $1.1 bln NEW TO THE LIST decoRations China aGe: 50 Wang Junmin $1.05 bln NEW TO THE LIST Denise York $1.1 bln PhaRmaceuticals China aGe: 44 Wichai Thongthan $1.1 bln Real estate thailand aGe: 66 sPoRts united states aGe: 62 Owner of San Francisco 49ers up DoWn uncHangeD returnee Namas Bhojani for Forbes mcdonald’s RestauRants Colombia aGe: 63 April 5, 2013 | forbes india 119 forbes bI L L IoN A I res $1–$2 Billion NEW TO THE LIST NEW TO THE LIST 1342 Soegiarto Adikoesoemo $1 bln chemicals indonesia aGe: 75 Chen Lip Keong $1 bln GaminG malaysia aGe: 65 His NagaWorld operates the largest casino in Cambodia Trained medical doctor He debuts thanks to doubling of company’s stock price Art lover donates 2% of his chemical firm’s profits to local artists NEW TO THE LIST NEW TO THE LIST Chen Miaolin $1 bln Joy Alukkas $1 bln Retail india aGe: 56 hotels China aGe: 61 NEW TO THE LIST NEW TO THE LIST Pollyanna Chu $1 bln Patricia Angelini Rossi $1 bln foRestRy, mininG Chile aGe: 58 Seth Klarman $1.05 billion, united states Value investor known for avoiding leverage and holding cash His NEW Boston-based Baupost Group has seen its assets under management balloon in recent years to $26 billion as new money flows in His out-of-print book, Margin of Safety ($2,497 on amazon com), is the new value-investing bible Jose Maria Aristrain $1 bln steel spain aGe: 50 Michael Ashcroft $1 bln secuRity united kingdom aGe: 67 Thomas Bailey $1 bln Enrique Banuelos $1 bln Real estate spain aGe: 47 Christopher Burch $1 bln fashion united states aGe: 59 Tory Burch $1 bln fashion united states aGe: 46 publix suPeRmaRKets united states aGe: 56 Cao Kejian $1 bln manufactuRinG China aGe: 50 Christopher Chandler $1 bln Sara Blakely $1 bln sPanx united states aGe: 42 World’s youngest self-made female billionaire built a fortune reinventing the girdle with her Spanx shapewear In 2012 she opened the company’s first standalone retail stores in upscale malls in Virginia, Pennsylvania and New Jersey inVestments new zealand aGe: 53 NEW TO THE LIST Binod Chaudhary $1 bln diVeRsified nepal aGe: 57 NEW TO THE LIST Charles Brandes $1 bln Getty Images money manaGement united states aGe: 70 120 forbes india | April 5, 2013 Claude Dauphin $1 bln commodities franCe aGe: 62 Darwin Deason $1 bln xeRox united states aGe: 72 NEW TO THE LIST Gary Fegel $1 bln GlencoRe inteRnational switzerland aGe: 39 NEW TO THE LIST 14 32 Thomas Barrack $1 bln Real estate united states aGe: 65 NEW TO THE LIST NEW TO THE LIST inVestments spain aGe: 67 NEW TO THE LIST Made a fortune in Spanish real estate bubble He fled to Brazil after the crash, and is now an investor in Formula E, electric-car racing Carol Jenkins Barnett $1 bln Alberto Cortina $1 bln Runs commodites giant Trafigura, with $120 billion in sales finance united states aGe: 76 financial seRVices hong kong aGe: 55 Chen Jinshi & family $1 bln constRuction & Real estate China aGe: 50 NEW TO THE LIST David William Grainger $1 bln Retail united states aGe: 85 Vladimir Gruzdev $1 bln inVestments russia aGe: 46 Donald Hall $1 bln hallmaRK united states aGe: 84 NEW TO THE LIST Santosa Handojo $1 bln PoultRy indonesia aGe: 48 Turned his family’s animal-feed firm into Indonesia’s second-largest poultry-feed producer forbes bI L L IoN A I res $1–$2 Billion Gerald Harvey $1 bln Yildirim Ali Koc $1 bln NEW TO THE LIST Retail australia aGe: 73 diVeRsified turkey aGe: 45 Nirav Modi $1 bln NEW TO THE LIST NEW TO THE LIST Asok Kumar Hiranandani $1 bln Real estate singapore aGe: 58 NEW TO THE LIST Huang Bingwen & family $1 bln PRintinG australia aGe: 59 His company makes paper packaging for tobacco, other industries JeWelRy india aGe: 42 NEW TO THE LIST Karel Komarek $1 bln oil & Gas CzeCh republiC aGe: 44 Marcos Antonio Molina dos Santos $1 bln food PRocessinG brazil aGe: 43 Kong Jian Min $1 bln His Marfig is the first Brazilian company authorised to export pork products to China Real estate China aGe: 45 William Moncrief Jr $1 bln NEW TO THE LIST oil united states aGe: 92 Koo Bon-Sik $1 bln Huang Maoru & family $1 bln lG south korea aGe: 54 John Morgridge $1 bln Retail belize aGe: 47 cisco united states aGe: 79 Esther Koplowitz $1 bln Morris Kahn $1 bln softWaRe israel aGe: 83 constRuction spain aGe: 59 NEW TO THE LIST NEW TO THE LIST T S Kalyanaraman $1 bln JeWelRy india aGe: 65 Dmitry Kamenshchik $1 bln aiRPoRt russia aGe: 44 NEW TO THE LIST Ryan Kavanaugh $1 bln moVies united states aGe: 38 Yoshiko Mori $1 bln NEW TO THE LIST Real estate Japan aGe: 72 Lee Joong-Keun $1 bln constRuction south korea aGe: 72 Marius Nacht $1 bln softWaRe israel aGe: 47 Lee Seo-Hyun $1 bln Akio Nitori $1 bln samsunG south korea aGe: 39 Retail Japan aGe: 69 Li Zhenjiang $1 bln NEW TO THE LIST PhaRmaceuticals China aGe: 56 Park Hyeon-Joo $1 bln Investment from billionaire Ron Burkle values his movie studio, Relativity, at a reported $1.7 billion Known for smaller, profitable hits like The Fighter Also has a tV division, sports management and music department finance south korea aGe: 54 Liang Xinjun $1 bln 32 14 diVeRsified China aGe: 45 NEW TO THE LIST Liu Xuejing & family $1 bln coPPeR, PoultRy China aGe: 62 NEW TO THE LIST Stephen Saad $1 bln \ PhaRmaceuticals south afriCa aGe: 48 NEW TO THE LIST Saban Cemil Kazanci $1 bln eneRGy turkey aGe: 52 NEW TO THE LIST Monique Louis-Dreyfus $1 bln commodities franCe aGe: 73 NEW TO THE LIST Dilek Sabanci $1 bln diVeRsified turkey aGe: 48 Nasser Khalili $1 bln NEW TO THE LIST aRt, Real estate united kingdom aGe: 67 Owns one of the world’s largest private collections of Islamic art, with over 20,000 items Mao Zhongwu $1 bln manufactuRinG China aGe: 50 NEW TO THE LIST Viktor Kharitonin $1 bln PhaRmaceuticals russia aGe: 40 Marie-Jeanne Meyer $1 bln commodities franCe aGe: 71 Sevil Sabanci Sabanci $1 bln diVeRsified turkeY aGe: 40 Dan Snyder $1 bln WashinGton RedsKins united states aGe: 48 April 5, 2013 | forbes india 121 forbes bI L L IoN A I res $1–$2 Billion Takao Yasuda $1 bln Alexander Spanos & family $1 bln Real estate united states aGe: 89 Retail Japan aGe: 63 Former amateur boxer is founder of discount retailer Don Quijote Larry Yung $1 bln NEW TO THE LIST diVeRsified China aGe: 71 Harjo Sutanto $1 bln consumeR PRoducts indonesia aGe: 86 Zan Shengda $1 bln diVeRsified China aGe: 49 Alain Taravella $1 bln Charles Zegar $1 bln Real estate franCe aGe: 65 bloombeRG lP united states aGe: 65 Son of a subway conductor, built first software for Bloomberg’s famous terminals NEW TO THE LIST Alexander Tedja $1 bln $1 billion, india Third-generation diamantaire grew up in Belgium; moved to NEW India after dropping out of Wharton to work with his uncle Started Firestar International in 1999; his jewelry pieces, featuring large, rare diamonds, have been sold at auctions at Christie’s and Sotheby’s Jim Thompson $1 bln tRansPoRt united states aGe: 73 Sergei Tsikalyuk $1 bln insuRance russia aGe: 54 NEW TO THE LIST Max Turnauer $1 bln manufactuRinG austria aGe: 77 NEW TO THE LIST His father founded industrial group Constantia Industries decades ago in Vienna, Austria One of the group companies, Isosport, makes plastic composite materials for skis and snowboards Wang Jianyi $1 bln fibeR-oPtic cables China aGe: 50 NEW TO THE LIST Wang Yiting $1 bln coal mininG China aGe: 62 NEW TO THE LIST John Van Lieshout $1 bln Real estate australia aGe: 67 Murat Vargi $1 bln telecom turkey aGe: 66 NEW TO THE LIST Wen Jianping $1 bln seWaGe tReatment China aGe: 51 Chairs sewage and wastewater treatment firm Beijing Origin Water Technology, which he co-founded in 2001 Wu Chung-Yi $1 bln Andrey Verevskiy $1 bln aGRicultuRe ukraine aGe: 38 NEW TO THE LIST Jitendra Virwani $1 bln Real estate india aGe: 47 manufactuRinG taiwan aGe: 54 Xiang Wenbo $1 bln manufactuRinG China aGe: 50 His grandfather was one of Shanghai’s most successful businesspeople before the Communist revolution Zhang Keqiang $1 bln Real estate China aGe: 52 methodoloGy This is our 27th year publishing the Forbes Billionaires list Though we’ve been at it a long time, it is never an easy task Our reporters dig deep and travel far To compile net worths, we value individuals’ assets—including stakes in public and private companies, real estate, yachts, art and cash—and account for debt We attempt to vet these numbers with all billionaires Some co-operate; others don’t We also consult an array of outside experts in various fields We list individuals rather than large, multi-generational families who share large fortunes So Maja Oeri, who has a disclosed stake in pharmaceutical firm Roche, makes the list, but her eight relatives who, with a nonprofit foundation, share a $16 billion fortune not In some cases we list siblings together if the ownership breakdown among them isn’t clear, but here, too, they must be worth a minimum of $2 billion together, or equivalent to $1 billion apiece, to make the cut We split up these fortunes when we get better information, as we did with the Matte and Rawsing families this year Children are listed with their parents when one person is the founder and in control Those fortunes are identified as “& family” Our estimates are a snapshot of wealth on Feb 14, when we locked in stock prices and exchange rates from around the world If a stock market wasn’t open on that day—as was the case with Taiwan, Shanghai and Shenzhen—the stock price is from the previous trading day Getty Images Nirav Modi Real estate indonesia aGe: 67 April 5, 2013 | forbes india 123 / tropHy HomEs / B A: Kevin Winter / Getty Images; B: Dave M Benett / Getty Images; C: Mario Anzuoni / Reuters; D, E: Getty Images; F: Gus Ruelas / Reuters A A Owner: Joel Silver, Film Producer Purchase price: $14.4 million (2003) The digs: The Matrix producer owns a 5,860-square-foot spread built in 1932, with a billiards room, two offices, a gym, a pool with two spas and a tennis court D Owner: Arnon Milchan, New Regency films Purchase price: $7.3 million (1998) The digs: A 9,655-square-foot castle with six bedrooms and 90-foot pool built atop a 99-foot lot The Pretty Woman producer also installed a screening room B Owner: Paul Allen, Microsoft Purchase price: $25 million (2010) The digs: The U-shaped white stucco-and-glass contemporary has five bedrooms, a screening room, a pool and a deck on 80 feet of beach E Owner: Haim Saban, Saban Capital Group Purchase price: $8.1 million; two lots (1999) The digs: Power Rangers mogul migrated from nearby Malibu Colony and built this stucco-and-stone mansion, with nine beds and 12 baths, on 121 feet of beach C Owner: Jamie McCourt, Los Angeles Dodgers Purchase price: $27.3 million (2007) The digs: A John Lautner-designed home now owned by he ex-wife of ex-Dodgers owner Frank McCourt; purchased from actress Courteney Cox F Owner: Jeffrey Katzenberg, DreamWorks Purchase price: $3.3 million estimated (1998) The digs: An 8,800-square-foot Gwathmey Siegel-designed spread with a courtyard, guest house and swimming pool built on 150 feet of shoreline 124 forbes india | April 5, 2013 L I J K H G F Billionaire Beach D C California’s Carbon Beach is the world’s most expensive sandbox Subdivided by Malibu’s founding family, the Rindges, in the 1930s, Carbon now commands upward of $200,000 per foot of beachfront The draw for Hollywood’s power players? It’s the city’s deepest, driest strip of sand and less than 20 miles from Tinseltown “Carbon Beach is home to the people who write the cheques in Hollywood,” says Stephen Shapiro of Westside Estate Agency And the beach has public access, so go hang ten—ten figures By MORGAN BRENNAN G Owner: Larry Ellison, Oracle Purchase price: $36.9 million (2012) The digs: This steel-and-glass manse boasts circular windows, nine beds, 13 baths and three-storey entry rotunda; one of more than a dozen properties he owns here J Owner: Gerald Schwartz, Onex Corp Purchase price: $19 million; one lot (2008) The digs: The private equity chief knocked down three adjacent houses to create an 8,156-square-foot complex with multiple buildings, covered decks and spa H Owner: Peter Morton, Hard Rock Cafe Purchase price: $3.4 million; one lot (1998) The digs: The restaurateur built a Richard Meier-designed estate of teakwood that spans 7,000-plus square feet on two lots; sold a third lot to David Gefen in 2008 K Owner: David GeFFen, Geffen Records, DreamWorks Purchase price: $6 million estimated; four lots over 16 years The digs: A huge spread with a nine-car garage and pondlike pool on 285 feet of beach that Geffen built on top of four teardowns I Owner: Meir Teper, Nobu Purchase price: $2 million (1994) The digs: A two-bed, five-bath abode One of the producer-turned-restaurateur’s swanky sushi spots sits down the beach on land owned by neighbour Ellison L Owner: Eli Broad, SunAmerica Purchase price: $5.1 million; two lots (1999) The digs: A gleaming glass-and-white-aluminum abode that Richard Meier designed, complete with a grassy courtyard Sources: California Coastal Commission; BlockShopper.com; Zillow.com; Los Angeles County Assessor’s Office; Richard Meier & Partners; Los Angeles Magazine April 5, 2013 | forbes india 125 G: Fred Prouser / Reuters; H: Stefanie Keenan / Getty Images; I: Larry Busacca / Getty Images J: Mike Cassese / Reuters; K: Lucy Nicholson / Reuters; L: Phil McCarten / Reuters; Carbon Beach: Mi6films.com for Forbes E / BILLIONAIRE BRANDS / A Day In The Life The vintage alarm clock you bought on eBay (Pierre Omidyar) rings beside your Ikea bed (Ingvar Kamprad) ❧ Shower with the fancy soaps like L’Occitane that you got for your birthday ❧ Check Twitter Brin, Larry Page) on your Samsung Galaxy (Jack Dorsey) and Gmail (John Paul DeJoria) onto your hair ❧ (Susanne Klatten) and stop off for a grande at Starbucks (Howard Schultz) on your way to the office ❧ Dig into a cherry Chobani Ulukaya) while the Intel Mop it up with Fiji Water (Renzo Rosso) (Lynda and Stewart Resnick) and a Brawny paper towel meet clients at Bubba Gump Shrimp (Leonardo Del Vecchio) on the way to (Tilman Fertitta) ❧ Hit the gym after trading driving shoes (Diego Della Valle) and cardigan from Zara Ortega) for a pair of Under Armour running shoes (Amancio (Kevin Plank) and a Lululemon (Chip Wilson) ❧ Grab a 5-Hour Energy drink Gummi Bears (Manoj Bhargava) and a pack of (Hans Riegel), vowing next time you’ll buy trail mix at Trader Joe’s (Theo Albrecht) instead ❧ Back home search on Expedia crash after the epic match between AC Milan United (Dietrich Mateschitz) (Ralph Lauren) and Diesel jeans (Charles Koch) Slide on your hip Ray-Bans shirt (Michael (Mark Zuckerberg) before getting to work on (Marc Benioff ) ❧ Tired, you crack a Red Bull but spill some on your Polo shirt your Tod’s yogurt (Hamdi processor (Gordon Moore) in your Dell desktop Dell) boots Spy on friends via Facebook Salesforce.com (Sergey (Jay Y Lee, Lee Kun-Hee) while you brush your teeth and spritz Paul Mitchell Awapuhi spray Hop into your BMW Series (Reinold Geiger) (Barry Diller) for a place to (Silvio Berlusconi) and Manchester (Malcolm Glazer) Book tickets on Virgin Atlantic (Richard Branson) for the hop over the pond Check your Fidelity portfolio (Edward Johnson) and, feeling bullish, upgrade to business class ❧ A rich buddy swings by in a Tesla Roadster (Elon Musk), and you hit the bar Order a Heineken and watch the Dallas Mavericks Arison) on Cablevision (Charlene de Carvalho-Heineken) (Mark Cuban) play the Miami Heat (Charles Dolan) Find a Cartier ring on the floor The ring’s grateful owner buys you a shot of Patrón Tequila DeJoria) ❧ Back home play Xbox Back 126 forbes india | April 5, 2013 (Johann Rupert) (John Paul (Steve Ballmer) and flip between The Empire Strikes (George Lucas) and Raiders of the Lost Ark crawling into your Ikea bed (Micky (Steven Spielberg) before / thoughts / billionaires pasT and presenT Set your goals high; make friends with different kinds of people; enjoy simple pleasures Stand on high ground; sit on level ground; walk on expansive ground One of the things that drives me is the excitement that I could fail What better buzz can you get? li Ka-shing Greek shipowners like to boast, “I bought ships at the bottom of the market, and now they’re worth ten times as much.” It goes back to the days of Onassis and Niarchos competing with each other over who had the biggest fleet, the biggest yacht and the most famous girlfriend Calvin ayre Have a vision and the money will come ruBens ometto I don’t play golf or all those things people normally for business I parties That’s where I bring people in, showcase ideas and, in the end, deals guy laliBerte KenKiChi naKaJima Power, money, that’s just the road to respect After all, money disappears, friends die, and you die, but your reputation remains thor BJorgolFsson I’m not in business to make money for the other guy I’m in business to make money for myself Earn enough money so you can afford to waste time sheldon adelson Kiyoshi sagawa Happiest is a man who has his vocation as a hobby murray edwards Very good for the waistline One of the best reducing programmes Alfred Heineken, on being kidnapped and held for three weeks in 1993 Sameer Pawar To stabilise society, pachinkos contribute much They really soothe people’s anxiety stelios haJi-ioannou April 5, 2013 | forbes india 127 Hope you loved our I NDIA Tablet Edition Do mail us your feedback at: letterstoforbesindia@network18online.com ... SMS FORBES to 51818 Email: subscribe@forbesindiamagazine.com, To subscribe, visit www.forbesindia.com/subscription/ To advertise, visit www.forbesindia.com/advertise/ forbes india | April 5, 2013. .. earned him a fortune By naazneen kaRmali; Photograph by anaY mann for foRBes 30 forbes india | April 5, 2013 April 5, 2013 | forbes india 31 / asia-pacific / I like to be near water,” says Ravi Jaipuria,... Bhattacharyya, Subroto Bagchi & Vikram Sheel Kumar 10 forbes india | April 5, 2013 Group CEO, Network 18 & Publisher, Forbes India: B Sai Kumar CEO, Forbes India: Gurmeet Singh Advertising Sales Senior