⬅ # 96 Radhakishan Damani|# 98 Kushal Pal Singh

# 97 Kumar Birla 

$20.4B

Real Time Net Worth
as of 4/12/2024
-$293.8M (-1.44%)

# 97 Kumar Birla 

$20.4B

Real Time Net Worth
as of 4/12/2024
-$293.8M (-1.44%)
OccupationChair, Aditya Birla Group
Source of WealthCommodities
Age56
ResidenceMumbai, India
Marital StatusMarried
Children3
EducationMBA, London Business School; BS, University of Mumbai
Age-Adjusted Net Worth$26.7B
Kumar Birla
Kumar Birla
India
Net worth: $20.4B

Self-Made Score 

Wealth History

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Biography

Biographical Details

Full Name: Kumar Mangalam Birla
Date of Birth: June 14, 1967
Birthplace: Kolkata, India
Family Background: Fourth generation member of the Birla Family
Parents: Aditya Vikram Birla and Rajashree Birla
Siblings: Younger sister Vasavadatta Birla

Education

High School: Sydenham College of Commerce and Economics, Mumbai
Bachelor's Degree: H.R. College of Commerce and Economics, University of Mumbai
Master of Business Administration: London Business School, University of London (1992)
Professional Qualification: Chartered Accountant from Institute of Chartered Accountants of India (ICAI)
Honorary Fellow: London Business School

Career Highlights

1995–2005
Took over as Chairman of Aditya Birla Group in 1995 at age 28, following the death of his father.
Consolidated all group companies under the brand 'Aditya Birla Group (ABG).'
Acquired Indian Aluminum Company (INDAL) in 2000.
Acquired Nifty Copper Mines in Australia and Mount Gordon Copper mines in 2003.
Acquired a majority stake in L&T cement in 2004, later renamed UltraTech Cement.
Led the merger of Hindalco Industries with Indian Aluminium Company (Indal) in 2004.
In 2007, spearheaded the purchase of Novelis Inc, the world's leading producer of aluminum rolled products.
In 2012, Aditya Birla Nuvo Ltd. acquired Future Group's Pantaloon Retail Limited.
In 2013, Aditya Birla Chemicals, led by Birla, acquired divisions of Solaris Chemtech Industries.
Birla's name surfaced in the Indian coal allocation case in 2014, later cleared by CBI.
Consolidated branded apparel business under Aditya Birla Fashion & Retail in 2015.
Launched a new logo for Aditya Birla Group in 2016.

2016–present
In 2017, UltraTech Cement, chaired by Birla, completed the acquisition of Jaiprakash Associates' cement plants.
Revived Applause Entertainment, a media, content, and IP creation studio in 2017.
In 2018, led the merger of Idea Cellular with Vodafone India to create Vodafone Idea Ltd.
Led Novelis to acquire Aleris Corporation in 2018 for $2.8 billion.
In 2019, Aditya Birla Fashion and Retail (ABFRL) acquired Jaypore brand and 51% stake in Finesse International Design.
In 2020, Walmart-owned Flipkart acquired a 7.8% stake in ABFRL.
In 2021, Grasim Industries entered the paints business with an investment of INR 5,000 crore.
ABFRL bought a 51% stake in the designer brand Sabyasachi in 2021.
In 2022, ABFRL acquired a 51% stake in House of Masaba Lifestyle.

Leadership Roles

Chancellor of Birla Institute of Technology & Science, Pilani
Ex-Chairman of Indian Institute of Management Ahmedabad
Stepped down as non-executive Chairman of Vodafone Idea in 2021.

How long would it take you to become as rich as Kumar Birla?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Kumar Birla's net worth of $20.4B.

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 38.63% compared to 10.38% for the S&P 500 benchmark.

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

Kumar Birla 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 Kumar Birla, Commodities 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