Six Indians in Forbes’ under-40 Asian billionaire list!

S ix Indians, including Ranbaxy promoter family’s Malvinder and Shivinder Singh, Suzlon’s Girish Tanti and Indiabulls’ Sameer Gehlaut, have made it to a list of 15 youngest Asian billionaires, compiled by business magazine Forbes.

“The country’s millionaires jumped 23 per cent last year. The billionaire count soared to 53 from 36 the previous year,” Forbes said.

Ranbaxy’s Malvinder and Shivinder Singh commanding a networth of
$ 2.5 billion are two of the six Indians that made it to the Forbes’ under-40 Asian billionaire list

India, with its competitive demographic advantage of a young population, was represented by six people that are under 40 with a cumulative worth of $8.3 billion.

Other Indians on the list include Oberoi Constructions’ Vikas Oberoi and online gambling entity PartyGaming’s founder Anurag Dikshit.

China dominated the list with as many as eight representations, with a combined wealth of $20 billion. South Korea and Hong Kong have one each person on the list.

Among the Indian representatives, Malvinder and Shivinder Singh command a net worth of $2.5 billion. The two brothers control drug maker Ranbaxy Laboratories, founded by their grandfather, but sold their holding in the company to Japan’s Daiichi earlier this year.

Despite the sellout, Malvinder remains CEO of Ranbaxy, while Shivinder runs Indian hospital chain Fortis Healthcare. The brothers also recently listed financial services arm Religare Enterprises.

Vikas Oberoi, is the second most richest young Indian with a net worth of $1.7 billion. In 1998 he took control of Oberoi Constructions, property developer started by his father, Ranvir.