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02 September 2008
Shashi & Ravi Ruia - Fobs - The World's Indian Billionaires
#43 Shashi & Ravi Ruia
Net Worth: $15.0 bil
Country Of Citizenship: India
Residence: Mumbai , India, Asia & Australia
Marital Status: married, 2 children
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.