02 September 2008

Shashi & Ravi Ruia - Fobs - The World's Indian Billionaires

#43 Shashi & Ravi Ruia

Age: NA

Fortune: inherited

Source: diversified

Net Worth: $15.0 bil

Country Of Citizenship: India

Residence: Mumbai , India, Asia & Australia

Industry: Diversified

Marital Status: married, 2 children

Education: NA

Brothers run $5.8 billion (sales) Essar Group, with interests in construction, shipping, power, oil and gas. Became Vodafone's partner in India last year in $19.9 billion deal. Own 33% of newly named Vodafone Essar; Ravi is chair. Extended steel business into North America with acquisitions of Minnesota Steel and Canada's Algoma Steel. Wedding bash for Ravi's daughter Smiti drew 4,000 guests, including family friend Richard Branson.

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