Hemendra Kothari
$1.8B
Born
Aug 26, 1946
Age
79
Source of Wealth
Financial services
Residence
Mumbai,
Citizenship
India
Marital Status
Widowed
Children
2
Education
Bachelor of Arts/Economics, University of Mumbai
- Veteran investment banker Hemendra Kothari chairs Mumbai-based DSP Mutual Fund.
- He founded the firm in 2008 in partnership with BlackRock but bought out BlackRock's stake ten years later.
- Kothari started his career with family firm D.S. Purbhoodas & Co before founding financial services firm DSP Financial Consultants in 1975.
- He partnered with Merrill Lynch in 1995 but sold his 57% stake in tranches between 2005 and 2009.
- His daughter Aditi Kothari Desai is vice chairperson at DSP.
- A wildlife enthusiast, he founded the Wildlife Conservation Trust and has named meeting rooms at his office after tiger reserves.
- His great-grandfather was one of the founders of the Bombay Stock Exchange.
- His younger brother Yogesh Kothari, who founded and runs specialty chemicals company Alkyl Amines, is also a billionaire.
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