Welcome!

News Feed Item

Tycoon Ambani Is The Wealthiest Indian Cricket Team Owner

SINGAPORE, April 23, 2014 /PRNewswire/ -- With the 2014 Indian Premier League (IPL) season in full swing, Wealth-X revealed today that business tycoon Mukesh Ambani is the wealthiest Indian cricket team owner with an estimated net worth of US$21.2 billion, almost 10 times the personal fortune of media baron Kalanidhi Maran, who is in second spot with US$2.2 billion.

Collectively, the eight ultra high net worth (UHNW) individuals on the Wealth-X list – which includes Bollywood actress Preity Zinta who co-owns Kings XI Punjab – control US$25.17 billion of the US$935 billion wealth in India.

To compile the list, Wealth-X selected the most prominent and significant shareholder from each of the eight teams competing in the IPL for the 2014 season.

Ambani is the chairman, managing director and the largest shareholder of Reliance Industries, a Fortune Global 500 company that deals mainly in refining, petrochemicals, and in the oil and gas sectors. Through Reliance, Ambani owns the Mumbai Indians, the defending IPL champions that defeated Narayanaswami Srinivasan's Chennai Super Kings in the 2013 finals.

The 2014 IPL season began on 16 April and runs until 1 June. There are eight teams vying for the trophy this season, one fewer than 2013 after the withdrawal of the Pune Warriors India.

Below is the list of the IPL team owners ranked according to their net worth:

Ranking

Name

Team

Net Worth

1

Mukesh Ambani

Mumbai Indians

$21.2 billion

2

Kalanidhi Maran

Sunrisers Hyderabad

$2.2 billion

3

Vijay Mallya

Royal Challengers Bangalore

$640 million

4

Sharukh Khan

Kolkata Knight Riders

$600 million

5

Grandhi Mallikarjuna Rao

Delhi Daredevils

$270 million

6

Manoj Badale

Rajasthan Royals

$160 million

7

Narayanaswami Srinivasan

Chennai Super Kings

$70 million

8

Preity Zinta

Kings XI Punjab

$30 million​​

For more information on India's UHNW population, visit http://www.wealthx.com/wealthxubswealthreport/

About Wealth-X
 


Wealth-X is the definitive source of intelligence on the ultra wealthy with the world's largest collection of curated research on ultra high net worth (UHNW) individuals, defined as those with net assets of US$30 million and above. Headquartered in Singapore, it has 13 offices on five continents. (www.wealthx.com)
 

SOURCE Wealth-X

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The current environment of Continuous Disruption requires companies to transform how they work and how they engineer their products. Transformations are notoriously hard to execute, yet many companies have succeeded. What can we learn from them? Can we produce a blueprint for a transformation? This presentation will cover several distinct approaches that companies take to achieve transformation. Each approach utilizes different levers and comes with its own advantages, tradeoffs, costs, risks, a...
Organize your corporate travel faster, at lower cost. Hotailors is a next-gen AI-powered travel platform. What is Hotailors? Hotailors is a platform for organising business travels that grants access to the best real-time offers from 2.000.000+ hotels and 700+ airlines in the whole world. Thanks to our solution you can plan, book & expense business trips in less than 5 minutes. Accordingly to your travel policy, budget limits and cashless for your employees. With our reporting, int...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
There's no doubt that blockchain technology is a powerful tool for the enterprise, but bringing it mainstream has not been without challenges. As VP of Technology at 8base, Andrei is working to make developing a blockchain application accessible to anyone. With better tools, entrepreneurs and developers can work together to quickly and effectively launch applications that integrate smart contracts and blockchain technology. This will ultimately accelerate blockchain adoption on a global scale.
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
Jim leads Wasabi's product management, sales engineering, and customer support efforts. As a veteran of multiple startups and large enterprise organizations, Jim has deep experience in developing, delivering, and supporting products and services that provide security, scalability, and reliability to customers and partners. Prior to Wasabi, Jim served in product management and sales/support engineering roles at Oracle (via Acme Packet and Covergence), Ciena (via WaveSmith Networks), Lucent Te...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee A...
Despite being the market leader, we recognized the need to transform and reinvent our business at Dynatrace, before someone else disrupted the market. Over the course of three years, we changed everything - our technology, our culture and our brand image. In this session we'll discuss how we navigated through our own innovator's dilemma, and share takeaways from our experience that you can apply to your own organization.
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Founded in 2002 and headquartered in Chicago, Nexum® takes a comprehensive approach to security. Nexum approaches business with one simple statement: “Do what’s right for the customer and success will follow.” Nexum helps you mitigate risks, protect your data, increase business continuity and meet your unique business objectives by: Detecting and preventing network threats, intrusions and disruptions Equipping you with the information, tools, training and resources you need to effectively m...
The Transparent Cloud-computing Consortium (T-Cloud) is a neutral organization for researching new computing models and business opportunities in IoT era. In his session, Ikuo Nakagawa, Co-Founder and Board Member at Transparent Cloud Computing Consortium, will introduce the big change toward the "connected-economy" in the digital age. He'll introduce and describe some leading-edge business cases from his original points of view, and discuss models & strategies in the connected-economy. Nowad...
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.