Anil Agarwal & family
$2.4B
Born
Sep 07, 1953
Age
72
Source of Wealth
mining, metals
Residence
London,
Citizenship
India
Marital Status
Married
Children
2
Education
- Metals and mining magnate Anil Agarwal turned a tiny scrap metal business into London-headquartered Vedanta Resources.
- In October 2018, Agarwal took Vedanta private after paying more than $1 billion for the one-third of the metals firm that he didn't already own.
- His listed Sterlite Technologies has hived off its power transmission business into a separate unit and listed an infrastructure investment trust.
- Agarwal has a majority stake in India-listed Vedanta.
- He has cut nearly $5 billion in debt at the debt-laden Vedanta Group. The group still has another $5 billion in debt.
- Agarwal has pledged to give away 75% of his wealth to charity. In 2021, he signed the Giving Pledge.
- Agarwal has created a $10 billion fund in partnership with London firm Centricus to invest in Indian public sector companies that are being privatized.
- He raised $1 billion in a qualified institutional placement in July 2024.
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