⬅ # 440 Agnete Kirk Thinggaard|# 442 Arthur Dantchik

# 441 Benu Gopal Bangur 

$6.88B

Real Time Net Worth
as of 5/29/2024
-$54.8M (-0.80%)

# 441 Benu Gopal Bangur 

$6.88B

Real Time Net Worth
as of 5/29/2024
-$54.8M (-0.80%)
OccupationFounder and Chair, Shree Cement
Source of WealthCement
Age92
ResidenceKolkata, India
Marital StatusWidowed
Children2
EducationBS, Calcutta University
Age-Adjusted Net Worth$789.53M
Benu Gopal Bangur
Benu Gopal Bangur
India
Net worth: $6.88B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Benu Gopal Bangur, born in 1931, is an Indian billionaire businessman and the chairman of Shree Cement.
He hails from a Marwari Hindu family with roots in Kolkata and was educated at Calcutta University.
Bangur's family business empire, initiated by his grandfather Mungee Ram Bangur, started in the late 19th century.
In 1991, the family business split into five groups, with Benu Gopal Bangur gaining control of his share.
He resides in Kolkata and is widowed with two children, including his son Hari Mohan Bangur, who has been involved in running Shree Cement since 1990.

Career and Business Ventures

Benu Gopal Bangur founded Shree Cement in 1979 in Beawar, Rajasthan.
Under his leadership, Shree Cement has grown to become India's third largest cement producer and second largest by market capitalization.
Shree Cement has expanded its production capacity significantly, from 2 million tonnes to 43.3 million tonnes in India and 47.4 million tonnes overseas.
The company has diversified into power production, selling power under the brands Shree Power and Shree Mega Power.
In September 2021, Shree Cement announced a capital investment of Rs 4,750 crore for expansion, including the commissioning of an integrated cement plant in Nawalgarh, Rajasthan.
Current projects under Shree Cement's bullish expansion plan include plants in West Bengal, Rajasthan, and Andhra Pradesh, aiming to increase total cement production to 80 million tonnes by 2030.

Family and Succession

In the 1990s, Bangur gained control of Shree Cement after a family split, with his son Hari Mohan Bangur taking over its management.
As of October 2022, Hari Mohan Bangur serves as the chairman of Shree Cement, succeeding his father.
Prashant Bangur, Benu Gopal Bangur's grandson, holds the position of vice chairman in Shree Cement.
The Bangur family has a storied business history in Kolkata, with the business lineage dating back to the late 19th century.
Despite facing scrutiny from the federal Ministry of Corporate Affairs in July 2023 over alleged improper filing of income tax returns, Shree Cement denied any tax evasion.

How long would it take you to become as rich as Benu Gopal Bangur?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Benu Gopal Bangur's net worth of $6.88B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Benu Gopal Bangur is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Benu Gopal Bangur, Cement is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey