- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $6.9 Billion
- Birthdate:
- 1943 (81 years old)
- Birthplace:
- Mumbai
- Gender:
- Male
- Profession:
- Businessperson, Entrepreneur
- Nationality:
- India
What is Shashi & Ravi Ruia's Net Worth?
Shashi & Ravi Ruia are Indian businessmen and entrepreneurs who have a net worth of $6.9 billion dollars. The Ruias are the brothers who founded and control the Essar Group. The Essay Group is an Indian multinational conglomerate that has investments in energy, steel, infrastructure, and services. The Group operates in over 25 countries and has revenues of almost $40 billion. The Ruia brothers founded the company in 1969. Shashi Ruia serves as the company Chairman and Ravi Ruia is the Vice Chairman. Forbes named them the world's first richest Indians in 2012.
Ravi was charged by India's Central Bureau of Investigation for corruption in 2011. In 2013 he was awarded with the Outstanding Contribution to Sustainability award at The Asian Awards. The brothers acquired US based Trinity Coal in 2010 for $600 million. In 2014 the Essar Group's Mumbai office was gate crashed by Greenpeace activists to protest against the company's coal mining plans in central India. The group has a one third stake worth $2 billion in Hutchison Essary, a cellular operator. Shashi's sons Prashant and Anshuman both work in the Essar Group.
