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Grizzly Bulls’ Billionaires Index

⬅ # 362 Law Kar Po|# 364 Guillaume Pousaz ➡

# 363 Sri Prakash Lohia 

$7.60B

Real Time Net Worth
as of 7/25/2024
$25.1M (0.33%)

# 363 Sri Prakash Lohia 

$7.60B

Real Time Net Worth
as of 7/25/2024
$25.1M (0.33%)
OccupationChair, Indorama Corporation
Source of WealthPetrochemicals
Age71
ResidenceLondon, United Kingdom
Marital StatusMarried
Children2
EducationBS, Delhi University
Age-Adjusted Net Worth$3.61B
Sri Prakash Lohia
Sri Prakash Lohia
Indonesia
Net worth: $7.60B

Self-Made Score 

Wealth History

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Biography

Overview

Sri Prakash Lohia was born on August 11, 1952, in Kolkata, India, to Mohan Lal Lohia and Kanchan Devi Lohia.
He has three brothers: Om, Ajey (original name Ajay Prakash), and Aloke (original name Alok or Anil Prakash), as well as one sister, Aruna.
In 1973, Lohia relocated to Indonesia with his father and established Indorama Synthetics, which commenced spun yarn manufacturing in 1976.
Lohia's father divided the company among his three sons in the late 1980s to prevent future family disputes, with Lohia taking over Indorama Corporation.
Under Lohia's leadership, Indorama Synthetics diversified into polyester fibers in 1991 and polyester bottle-grade resins in 1995.
In 2006, Lohia expanded his business by acquiring an integrated olefin plant in Nigeria, which is now the largest petrochemical company in West Africa.

Career and Business Ventures

Lohia is the founder and chairman of Indorama Corporation, a diversified petrochemical and textile company.
His company, based in Singapore, is a materials powerhouse, producing industrial products like fertilizers, polyolefins, textile raw materials, and medical gloves.
Indorama Corporation originated as a spun yarn maker in the 1970s but has since expanded its operations extensively.
Lohia's elder brother Om Prakash manages Indorama Synthetics in India, while his younger brother Aloke oversees Indorama Ventures Public Co., a PET polymer manufacturer in Thailand.

Personal Life and Philanthropy

He is married to Seema Mittal, sister of billionaire Lakshmi Mittal, and they have two children: Amit and Shruti.
Amit, a graduate of the University of Pennsylvania's Wharton School of Business, serves as the managing director of Indorama Corporation.
Shruti Hora, Lohia's daughter, graduated from Babson College and resides in Singapore.
Lohia has a passion for collecting old books and lithographs, boasting the world's second-largest collection of colored lithographs.
In 2012, the Lohia family initiated the Indorama Charitable Trust, aimed at digitizing rare books and lithographs for public access.

How long would it take you to become as rich as Sri Prakash Lohia?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Sri Prakash Lohia's net worth of $7.60B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Sri Prakash Lohia 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 Sri Prakash Lohia, Petrochemicals 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