Anil Agarwal

Often called “The Metal King,” Anil Agarwal is an Indian businessman who has an estimated net worth of $1.6 billion in line with Forbes Magazine as of May 2016. He may be #395 in Forbes’ Billionaires List (#314 in 2012), #17 in India and #21 in India’s Richest List. Born on January 24, 1954 in Patna, Bihar, India, he is a onetime metals dealer who controls the London-listed, Vedanta Resources. He is the founder and Executive Chairman of the company with $24 billion revenues. In the first part of 2012, its net profit has greater to 50% as a result of the contribution of the report production at oil explorer Cairn India where his brother Navin is the chairman.

In 1976, Agarwal founded Sterlite Industries, a trade that operates within the industrial sector. In 1986, he established Vedanta Resources that resulted in a lot of businesses that the Agarwal circle of relatives now owns. Its Indian unit, Sesa Goa, which merged with the Sterlite Industries, used to be hit via a mining ban on Goa. In 2003, he used to be the 8th richest Indian consistent with Forbes but in March 2012, he was once simplest ranked #15.

Currently, Anil Argawal invests in Liberia where he has been negotiating with the government to acquire the staked in two corporations that he still doesn’t personal - Hindustan Zinc and Bharat Aluminum. In 2011, after several protests over the corporate’s mining practices, result in the closure of its mine. This led the company to shut down its alumina refinery in japanese India where there is a scarcity of bauxite.

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