Anil Agarwal is also #395 in Forbes’ Billionaires List (#314 in 2012), #17 in India and #21 in India’s Richest List. Produced on January 24, 1954 in Patna, Bihar, India, he’s a one time metals trader who commands the London-recorded, Vedanta Resources. He is the creator and Executive Chairman of the business with $24 billion earnings. In the first half of 2012, its net profit has increased to 50% because of the contribution of the record production at oil explorer Cairn India where his brother Navin is the chairman.
Anil Agarwal Net Worth $3.4 Billion
In 1976, Agarwal founded Sterlite Industries, a company that operates in the industrial sector. In 1986, he established Vedanta Resources that led to a variety of businesses the Agarwal family now owns. Its Indian unit, Sesa Goa, which merged with the Sterlite Industries, was hit by a mining ban on Goa. In 2003, he was the 8th wealthiest Indian according to Forbes but in March 2012, he was just rated #15.
Now, Anil Argawal invests in Liberia where he has been negotiating together with the government to get the staked in two firms that he still doesn’t own — Hindustan Zinc and Bharat Aluminum. In 2011, after several protests within the business’s mining practices, lead to the close of its own mine. This led the business to shut down its alumina refinery in eastern India where there is a shortage of bauxite.