02 September 2008

Adi Godrej & family - Fobs - The World's Indian Billionaires

#178 Adi Godrej & family

Age: 65

Fortune: inherited

Source: diversified

Net Worth: $5.5 bil

Country Of Citizenship: India

Residence: Mumbai , India

Industry: Manufacturing

Marital Status: married, 3 children

Education: Massachusetts Institute of Technology, Bachelor of Arts / Science
Massachusetts Institute of Technology, Master of Science
Heads 111-year-old Godrej Group, which started out as a lockmaker. Product portfolio includes furniture, appliances, insecticides, soaps, foods, medical diagnostics. Has joint ventures with Sara Lee and candymaker Hershey's. Family also has extensive landholdings in suburban Mumbai, where long-standing land ownership restrictions were recently lifted. An Islamic group recently called on Muslims to boycott Godrej, after Adi and wife Parmeshwar hosted author Salman Rushdie in their Mumbai home in January.

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