Savitri Jindal surpasses Mukesh Ambani and Gautam Adani with a $9.6 Billion wealth surge in 2023, and becomes the fifth-wealthiest Indian – Lifestyle News

Savitri Jindal surpasses Mukesh Ambani and Gautam Adani with a .6 Billion wealth surge in 2023, and becomes the fifth-wealthiest Indian – Lifestyle News

India’s wealthiest woman, Savitri Jindal, achieved an extraordinary financial milestone in 2023, surpassing the net worth growth of leading industrialists Mukesh Ambani and Gautam Adani, as highlighted by the Bloomberg Billionaires Index.

Savitri Jindal’s Record-Breaking Wealth Surge:

At 73, Savitri Jindal witnessed an unparalleled surge in her wealth, experiencing a remarkable increase of $9.6 billion in the calendar year 2023. In contrast, Mukesh Ambani, the chairman of Reliance Industries (RIL) and India’s richest individual, saw a comparatively modest rise of approximately $5 billion during the same period.

Unveiling Savitri Jindal’s Remarkable Journey: Who Is Savitri Jindal?

Savitri Jindal, the current chairperson of the OP Jindal Group and India’s richest woman, traces her origins to Assam in 1950. Her journey began far from the boardrooms she now navigates, evolving from a homemaker raising nine children while her husband built the JSW Group. Despite starting with a net worth of $4 billion in 2016 (as per 2016 data) and being the 16th richest Indian, Savitri’s story transcends these figures, rooted in dedication and an unwavering spirit.

Leadership Amid Tragedy:

Tragedy struck in 2005 when her husband, OP Jindal, succumbed to a helicopter crash. Stepping into the leadership position at 55, Savitri rose to the challenge with grace and resolve, lacking formal business training. Her innate wisdom and sharp acumen drove the JSW Group to tremendous growth and diversification, solidifying its role in the Indian economy.

Beyond Profits:

Savitri’s strategic decisions, blending calculated risk-taking and astute financial management, not only translated into profit margins but also led to job creation, substantial investments in social welfare projects, and a renewed confidence in the impact of female leadership.

Philanthropy Beyond Borders:

Beyond the boardroom, Savitri Jindal is a philanthropic beacon, actively supporting education through institutions like the Maharaja Agrasen Medical College, empowering women through various initiatives, and generously contributing to healthcare and rural development projects. Her unwavering commitment underscores her belief in building a more equitable and prosperous India.

Political Journey and Achievements: Political Entry

In 2005, Savitri stepped into the political arena, succeeding her late husband in the Haryana Vidhan Sabha. Elected to represent the Hisar constituency, she actively carved her own path, securing re-election in 2009 and earning a cabinet minister position in 2013.

Wealth Breakdown – Key Earning Assets 2023:

JSW Group’s Triumph: As chairperson of the OP Jindal Group, Savitri Jindal’s primary earning asset, the JSW Group, spans steel, energy, cement, and infrastructure. The group’s success, driven by strong demand for steel and strategic investments, contributed significantly to Savitri’s wealth surge.

Listed Companies:

The JSW Group includes publicly traded companies like JSW Steel, Jindal Steel & Power, JSW Energy, JSW Saw, and JSW Holdings, directly impacting Savitri Jindal’s net worth.

Non-listed Assets:

Beyond publicly traded companies, the JSW Group’s non-listed assets, including JSW Infrastructure and JSW Cement, further contribute to Savitri Jindal’s overall wealth.

Real Estate Portfolio: Acc

According to Wealthy Matters, Savitri Jindal’s real estate portfolio comprises agricultural land, a residential house, and a grand residence in Raigarh, Maharashtra, Hisar’s Urban Estate, and O.P. Jindal Marg, respectively. The Jindal family’s residence in Delhi’s Lutyens Bungalow Zone is valued at an impressive 150 crores.

https://www.financialexpress.com/lifestyle/savitri-jindal-surpasses-mukesh-ambani-and-gautam-adani-with-a-9-6-billion-wealth-surge-in-2023-securing-fifth-wealthiest-position-in-india/3343851/

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