
The four Tanti brothers individually — Tulsi ($3 billion), Girish and Jitendra ($1.3 billion) and Vinod ($1.2 billion) —broaden the list and show how wealth can be created literally out of, well, wind. After energy and infrastructure billionaires come self-made billionaires from software, finance, media, real estate and pharmaceuticals.
The total wealth of India’s billionaires stands at $334.6 billion, a fourth of which comes from self-made entrepreneurs. But if you remove the top four wealthiest Indians from the list (Lakshmi Mittal’s $45 billion, Mukesh Ambani’s $43 billion, Anil Ambani’s $42 billion and KP ‘DLF’ Singh’s $30 billion), the $85.2 billion strong wealth of 28 self-made billionaires is 13 per cent more than the combined wealth of 21 inheritors like Shashi, Ravi Ruia ($15 billion), Azim Premji ($12.7 billion), Kumar Mangalam Birla ($10.2 billion) and Adi Godrej ($5.5 billion).
Zoom out and you clearly see that the pressure from the bottom of the entrepreneurial pyramid is rising. Armed with a hunger to grow, experimenting with career risk and taking decisions that are in tune with a new India, these entrepreneurs are cashing in on opportunities and creating huge wealth. But these big numbers mask a bigger story of Indian enterprise still being told.
That story is of risk taking, following a dream — dropping out of college (Gautam Adani), spurning the family business (Uday Kotak), identifying and following opportunities as they come (GMR). But equally, the story is of selling that story to lay investors and proving once again that the money-raising function of stock markets is only a step towards its far greater function: wealth creation.