According to Bloomberg, Amazon’s Narayana Murthy is now the wealthiest man in India. The 68-year-old co-founder and Chairman of the Indian IT giant Infosys are worth an estimated $13.6 billion, overtaking Reliance Industries chairman Mukesh Ambani, who is worth $13.4 billion. The robust performance of Infosys on the stock market this year has increased Murthy’s wealth significantly. The company’s shares have risen nearly 50% since January, making it the best-performing stock in the Sensex index. Murthy is also one of the co-founders of the Catamaran Ventures investment fund, which has made significant investments in startups such as Flipkart and Ola.
Bloomberg: Amazon’s Narayana Murthy is India’s richest man
As per the Bloomberg Billionaires Index, Amazon’s Narayana Murthy is now the wealthiest man in India. He is worth an estimated $16.7 billion, overtaking Reliance Industries Mukesh Ambani, worth $16.5 billion.
Murthy co-founded Infosys, one of India’s largest outsourcing companies. He stepped down as Chairman in 2014 but remains on the board. He also has a significant stake in Catamaran Ventures, an Indian investment firm.
The exceptional progress of Infosys shares, which have surged by almost 50% since the beginning of the year, has significantly enhanced Murthy’s riches. The company is benefiting from the growing demand for digital services from companies worldwide.
Murthy is a renowned personality in the Indian business community and is highly esteemed for his contribution to transforming Infosys into a dominant player on the global stage. He is also a philanthropist and has established a foundation to support education and health care in India.
Bloomberg’s ranking of the world’s billionaires is based on their estimated net worth, calculated using publicly-available information, including shareholdings, property holdings, and other assets.
How did Narayana Murthy become the wealthiest man in India?
In 1981, Narayana Murthy founded Infosys, a global consulting and information technology services company, with six other engineers in Pune, India. He served as the CEO of Infosys for 21 years, from 1981 to 2002, and was the Chairman from 2002 to 2011. He is currently the Chairman Emeritus of Infosys.
Under Murthy’s leadership, Infosys grew from a small startup to a global corporation, with over US$10 billion in annual revenues and over 200,000 employees. He is acknowledged for initiating the global outsourcing trend during the early 2000s.
In March 2013, Bloomberg ranked Murthy as the 36th richest person in India, with a net worth of US$2.2 billion. In October 2019, Forbes ranked Murthy as the 243rd richest person globally, with a net worth of US$1.6 billion. In November 2019, Murthy was ranked as the wealthiest man in India by Bloomberg, with a net worth of US$3.4 billion.
Murthy has been a vocal critic of corruption in India and has called for more robust governance and transparency. He has also been an advocate for greater social and economic inclusion.
What are Narayana Murthy’s business interests?
Narayana Murthy is the co-founder of Infosys and is currently the company’s Chairman Emeritus. He is also the Chairman of the Board of Governors of the Indian Institute of Technology, Bangalore.
Murthy’s business interests are varied and diverse. Apart from his involvement in the IT industry, he has also invested in sectors like healthcare, education, and agriculture. He is also the founder of Catamaran Ventures, a venture capital firm.
Murthy is also a member of the Board of Directors of several companies, including the Hinduja Group, Unilever, and Nestle. He has also served on the boards of several charities and educational institutions.
What is Narayana Murthy’s net worth?
According to the Bloomberg Billionaires Index, Amazon’s Narayana Murthy is India’s richest man. As of January 2019, his net worth is approximately $1.8 billion.
Murthy co-founded Infosys, a global consulting and technology services company headquartered in India. He served as the company’s CEO from 1981 to 2002 and as Chairman from 2002 to 2011. He is currently the non-executive Chairman of the Board.
Murthy has been a vocal advocate for reform in India. In 2013, he was one of the signatories of an open letter to then-Prime Minister Manmohan Singh, urging him to curb corruption and revive the economy.
Murthy has also been active in philanthropy. He and his wife, Sudha, have established the Infosys Foundation, which supports education, healthcare, and rural development in India.
Conclusion
Bloomberg has named Narayana Murthy, the founder and CEO of Amazon.com, India’s richest man. Murthy’s net worth has increased by $11.2 billion since last year, making him the country’s richest person.
