Shashi & Ravi Ruia
$1.87B
as of 03/11/22
About Shashi & Ravi Ruia
Mumbai brothers Shashi (pictured) and Ravi Ruia's Essar group has interests in shipping, oil refining, infrastructure, and metals and mining.
The sale of their Essar Steel to steel billionaire Lakshmi Mittal's ArcelorMittal and Japan's Nippon Steel was completed in 2019.
The Ruias still own the profitable Stanlow oil refinery in the U.K. through privately held Essar Energy.
Since 2017, the brothers have repaid $20 billion in debt.
In February 2020, the brothers celebrated the 50th anniversary of the group, which was founded in Chennai.
Personal stats
Citizenship
IndiaSource of wealth
diversifiedResidence
Mumbai, IndiaSelf-made
inherited and growingShashi & Ravi Ruia’s fortune is worth
31K
troy ounces of gold
29K
median U.S. household
19K
median U.S. income
0.037%
U.S. credit card volume
0.007%
GDP of the United States
0.005%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
The siblings concluded a long-pending deal in August 2017 to sell their Essar Oil assets to Russian oil-producer Rosneft for $13 billion.
Net worth over time
Real-time ranking
Financial assets
BSE INDIA | 533704-IN
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