Forbes Magazine comes up with a list of the richest billionaires in the world every year. This year, it recorded 1,426 billionaires, which is 200 more than the number of the previous year.
Who are on the cusp of being included in the Forbes list? The following is a list of the next billionaires in the world.
10. Choo Chong Ngen – $690 million
Choo Chong Ngen is a hotel magnate from Singapore. He started out as a real estate property investor, buying up several tracts of land beginning in the 1980s. As Singapore boomed into a developed economy, Ngen opened his first budget hotel in the mid 90s. He called it Hotel 81 and it has since grown to 30 properties, making it the country’s largest homegrown hotel chain. He also has a minor stake in the Fragrance Group, the company of his rival Koh Wee Meng. A known advocate of education, he once gave a $1.5 million donation to Nanyang Technological University, one of the top schools not only in Singapore but in Asia.
9. Bhupendra Kumar Modi – $755 million
Bhupendra Kumar Modi is a multi millionaire from Singapore. He owns the Spice Group, a conglomerate that has interests in a variety of sectors, including financial services, entertainment and mobile devices. The company is hoping to capitalize big time on the mobile Internet and is looking for ways to create and manufacture low-cost tablets for children. His peers fondly call Modi BK. He owns more than 66 percent of S Mobility. He likewise has real estate property investments in both Singapore and India. Modi has a master’s degree in Business Administration from the University of Southern California.
8. Oei Hong Leong – $765 million
Oei Hong Leong is a millionaire from Singapore. He is the son of Eka Tjipta Widjaja, a billionaire from Indonesia. Leong has been making his own wealth through astute investments. He made some splash after earning a cool million dollar profit after buying and making a quick turnaround of a 21 percent share in Intraco, a company that deals and trades plastics and metals. Leong also has significant holdings in IPC, a company listed in Singapore that buys and redevelops troubled properties in Japan. A known lover of the arts, he also has a foundation dedicated to supporting cultural activities and also holds stakes in a number of listed firms in the city state.
7. A. Vellayan – $805 million
A. Vellayan is the Executive Chairman of the Murugappa Group of India. The group has interests in a variety of fields, including insurance, fertilizers, cycles, abrasives, automotive chains, car door frames and steel tubes. The company has been around since 1900 and is a significant source of employment for the country as it has 32,000 people under its employ. Vellayan has a diploma in Industrial Administration from Aston University in the United Kingdom and a master’s degree in Business Studies from the University of Warwick Business School.
6. Tan Boy Tee – $855 million
Tan Boy Tee is a Singaporean whose main source of wealth is the shipping industry. In 1978, he founded a tug and barge company called Labroy Marine. With Singapore’s rise as a hub for trading, the company’s value grew by leaps and bounds. In 2008, barely 30 years after he established the company, Tan Boy Tee cashed in and sold Labroy Marine for $700 million. He also had significant stakes in other companies, including a 15 percent share in the property firm called Brothers Holdings. He also sold his shares there for $10 million. He now maintains ownership in a number of companies listed in Singapore.
5. K. Dinesh – $870 million
K. Dinesh is one of the founders of the multinational software engineering and information technology giant called Infosys. The company was established in 1981 and currently has revenues amounting to more than $7 billion. It employs more than 157,000 people worldwide, with profits for 2013 amounting to $1.72 billion. Just like his co-founders, Dinesh was originally connected with a company called Patni Computer Systems before they established their own firm and signing up Data Basics Corporation of New York as its first client.
4. Brij Bhushan Singhal – $890 million
Brij Bushan Singhal is the Chairman of Bhushan Steel. The company is considered as the largest manufacturer of auto grade steel in South Asia. The company was established in 1987 and is involved in the production of cold rolled, color coated tiles, drawn tubes, strips, wire rods, alloy billets, sponge iron and Bhushan Galume. Last year, it reported a revenue figure of $1.32 billion.
3. Vijay Mallya – $900 million
Vijay Mallya is an industrialist and chairman of the UB Group, a company that has interests in various sectors like brewing, distilling, pharmaceuticals, engineering, real estate, fertilizers, biotechnology and information technology. Though he has encountered some problems and criticisms, Mallya has been recognized with as the Entrepreneur of the Year by The Asian Awards. The World Economic Forum also recognized him as a Global Leader for Tomorrow.
2. Anu Aga – $935 million
Anu Aga used to be the Chairperson of the Indian company called Thermax Ltd. The multinational company has a presence in 75 countries around the world. It was established in 1980 and manufactures products like chillers for large scale air conditioning units, steam generators and boilers. She retired in 2004, however, though the reins of leadership have been passed on to her daughter. Aga remains with the company as a member of its Board of Directors. After leaving the company, she has focused on social work, serving as chairperson of Teach for India. For her efforts, the government recognized her with the Padma Shri Award for Social Work.
1. Anurag Dikshit – $980 million
Anurag Dikshit was a key part of Partygaming, having been tasked with writing the company’s betting software. Partygaming is a company owned by the American, Ruth Parasol. She gave Dikshit a substantial stake in the company after he wrote a program that allowed gamblers to play one another online in poker. After he realized he might have violated US laws on online gambling, he initiated proceedings with authorities that saw him forfeit $300 million. He then sold off all his shares and gave the proceeds to Kusuma Trust, which aims to back education projects in India and Gibraltar.
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