⬅ # 45 Thomas Peterffy|# 47 Shiv Nadar

# 46 Savitri Jindal 

$33.2B

Real Time Net Worth
as of 4/23/2024
$187.6M (0.56%)

# 46 Savitri Jindal 

$33.2B

Real Time Net Worth
as of 4/23/2024
$187.6M (0.56%)
OccupationChair, O.P. Jindal Group
Source of WealthSteel
Age74
ResidenceHisar, India
Marital StatusWidowed
Children9
Age-Adjusted Net Worth$12.9B
Savitri Jindal
Savitri Jindal
India
Net worth: $33.2B

Self-Made Score 

Wealth History

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Biography

Overview

Savitri Jindal, born in Tinsukia, Assam, hails from a Hindu Marwari family.
In the 1970s, she married Om Prakash Jindal, the founder of Jindal Group, a steel and power conglomerate.
Jindal served as a Minister in the Haryana Government and was a member of the Haryana Vidhan Sabha from the Hisar constituency.
After her husband's tragic death in a 2005 helicopter crash, Savitri Jindal assumed the role of chairperson of the Jindal Group.
She is affiliated with the INC political party.
Acknowledging her contributions, she was honored with the Acharya Tulsi Kartritva Puraskar in 2008 by Akhil Bhartiya Terapanth Mahila Mandal.

Political Life

In 2005, Savitri Jindal was elected to the Haryana Vidhan Sabha from the Hisar constituency, previously represented by her late husband.
Re-elected in 2009, she assumed the role of a cabinet minister in the Haryana Government in October 2013.
Having served in various capacities in previous cabinets, she notably contributed to the significant growth of the company's revenue after taking charge.
Her political journey included roles as the Minister of State for Revenue and Disaster Management, Consolidation, Rehabilitation and Housing, as well as the Minister of State for Urban Local Bodies and Housing.

O.P. Jindal Group

O.P. Jindal Group, initiated in 1952 by O.P. Jindal, an engineer, evolved into a conglomerate spanning steel, power, mining, oil, and gas.
Savitri Jindal's four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, independently manage each of the group's divisions.
Under her leadership, Jindal Steel became the third-largest steel producer in India.
The company's diversified sectors include steel, power, mining, oil, and gas, contributing to its quadrupled revenue during her tenure.

How long would it take you to become as rich as Savitri Jindal?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Savitri Jindal's net worth of $33.2B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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Savitri Jindal 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 Savitri Jindal, Steel 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