10 Famous college drop out billionaires in India

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Sometimes you don’t need college degrees but strong ambition, will power, and hard work to succeed. This fact has been proved by the following people who in spite of being college drop outs grew to become famous billionaires not only in India but in the entire world.

1. Mukesh Ambani

Mukesh AmbaniBorn on 19 April 1957, Mukesh Ambani is the chairman and MD of Reliance Industries limited (RIL), which is one of the world’s biggest industries. Mukesh Ambani studied in University of Bombay and is a drop out from Stanford University.

In 2010, he was named among the most powerful people in the list of “68 people who matter most” issues by the famous Forbes magazine.  As of 2013, he is the second richest man in Asia and the 22nd richest person in the world with a personal wealth of US$21.5 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalization of Reliance group of companies, briefly making him the world’s richest man. Forbes Magazine forecasts that Ambani will regain his title as ‘The Richest Man in the World’ in the year 2014.

2. Azim Premzi

Born on 24th July 1945 Azim Premzi is an Indian business tycoon and a well-known philanthropist. Working as founder and chairman of Bangalore based Wipro Limited since last four decades, Premji owns 79 percent of Wipro and also owns a private equity fund, PremjiInvest, which manages his $1 billion personal portfolio. In 2005, the Government of India honored him with the title of Padma Bhushan for his outstanding work in trade and commerce. In 2011, he has been awarded Padma Vibhushan, the second highest civilian award by the Government of India.

According to Forbes, he is currently the 3rd Richest Indian, and the 41st richest in the world, with a personal wealth of US$15.9 billion in 2012.

3. Mukesh ‘Micky’ Jagtiani

Born on 15 August 1952 Micky ‘Mukesh’ Jagtiani is an Indian businessman who owns Dubai based retailstores group, with over 600 stores in the Gulf, India, Pakistan, China and Spain. According to RediffBusiness, Jagtiani was the first-ever Indian businessman to top the list of ‘The richest Indian-origin entrepreneurs’ in the region of Gulf Co-operation Council. His academics continued till college with schooling in Madras, Mumbai and Beirut, before migrating to London, where he joined a London accounting school from where he eventually dropped out.

He was ranked 290 by the Forbes in List of world billionaires in the year 2012 with net worth of $3.8 billion also he is 18th richest person from India.

4. Gautam Adani

Born on 24th June 1962 in a Gujarati Jain family, Gautam Adani is an Indian self-made entrepreneur and billionaire chairman of Adani Group. Forbes magazine ranked Adani among ‘The Richest Person in India’ in March 2011, with a net worth of about $10 billion. This first billionaire from Ahmedabad also faced his share of setback back when he was in college. He dropped out from Gujarat University, where he only completed his 2nd year for a Bachelor’s Degree in Commerce. At the age of 18 this Ahmedabad born billionaire drop out of college to work as a diamond sorter at Zaveri Bazaar, Mumbai. After working there for two years, he started his own diamond brokerage firm at age 20.  Adani Group is a leading Trading and Export Company of India.

Forbes magazine rated Gautam Adani as the 6th richest person from India with a personal wealth $10 billion. Adani Power has its head office in Ahmedabad, Gujarat and is ranked #334 in top companies in India in Fortune India 500 list of 2011. Adani Power enjoys the status of being India’s largest solar power producer with capacity of 40MW.

5. PNC Menon

Born on December 13th, 1948 Puthan Neduvakkatt Chenthamaraksha Menon, a small town boy from Thrissur,Kerala began his entrepreneurial journey with the ticket to Oman with INR 50 in his pocket. He is a Non-resident Indian Oman-based businessman. PNC Menon is the man behind Independent monolithic largest structure in India; the Infosys global education center spread over 337 acres in Mysore. He is the founder and chairman of Bangalore-based construction company Sobha Developers Limited.

Menon is ranked as the 897th in Forbes world billionaire list and fifth richest Indian in Gulf Cooperation Council countries with personal assets worth $1.25 billion.

6. Subhash Chandra

subhash chandra is indian billionaire who is a college dropoutSubhash Chandra is an Indian businessman and the chairman of Essel Group. Born on 30th November 1950, he quit studies after high school and started his business of vegetable oil at the age of 19. He is famously referred as Media Moghul in India and is the name behind the launch of first ever satellite channel Zee TV in India. He is the first ever Indian to receive the prestigious International Emmy Directorate Award.

He is ranked as 22nd richest person in India and 613th richest man in the world by the Forbes magazine.

7. Joy Alukkas

joy alukkas has jwellery businessBorn on 29th October 1956, Joy Alukkas is the founder and chairman of the jewellery group called Joyalukkas. After quitting his studies, Joy started working in his father’s jewellery showroom founded in 1956. Currently the company has 85 retail jewelry outlets across 9 countries. With a net worth of $1 billion, joy was ranked as 1342 in the global list of billionaires by Forbes magazine.

He is also ranked in the 100 richest persons in India list.

8. Nirav Modi

nirav modiAnother jeweler in the list, Nirav Modi is a 3rd generation diamantaire and jeweler. Born in 1961, he quit his studies to work with his uncle in the diamond business. The billionaire came to limelight when his company created a necklace with a rare 12.29 carat Golconda diamond. This necklace was sold at Christie’s at a whopping $3.56 million.

With asset worth of $1 billion, he is also ranked 1342 in the global billionaire list by Forbes.

9. Vinod Goenka

vinod goenka of db groupWith the net worth of $1.18 billion, Vinod Goenka is one of the famous college drop outs who became a billionaire with his hard work.

He is the Managing Director and Co-founder of a real estate firm DB Realty. Under his leadership, DB Realty got listed in both Bombay Stock Exchange and National Stock Exchange in the year 2010.

10. Shahid Balwa

shahid balwa of DB groupShahid Balwa who jointly created DB Realty with Vinod Goenka in 2006 is also one of the famous college drop outs billionaire of India. He was ranked as 50th richest man of India in 2010 by Forbes Magazine.

He was also the youngest Indian to be featured on Forbes list of ‘10 Youngest Billionaires in the World’.

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