Ravikant Nand Kishore Ruia is the Vice-Chairman of Essar Group (founded in 1969 by Ruia and his brother Shashi Ruia). In 2012, Forbes named Brothers Shashi and Ravi Ruia as the world’s first richest Indians with a net worth of US$7 billion.
Ravi Ruia is a mechanical engineer by profession, with a degree from College of Engineering,Guindy – Anna University in Chennai, India, and has played an important role in steering the Essar Group to its pre-eminent position. The Essar Group is a multinational conglomerate and a leading player in the sectors of steel, oil and gas, power, communications, shipping, ports and logistics, projects and minerals.
Shashi & Ravi Ruia Net Worth Forbes Total Income/Salary
Net Worth: $5,500 Million As of Oct ’13
Age: 69(Shashi), 64(Ravi)
Source of earnings: Diversified
Marital Status: Married
Brothers Shashi and Ravi Ruia’s Essar Group faced a setback recently when its Essar Steel got a rating downgrade to “default” status even as it was in midst of borrowing close to $1 billion. Brothers are investing $260 million of their own money in the steelmaker. London-listed Essar Energy plans to sell its 49% stake in a Kenyan refinery it found unviable to upgrade. Brothers meanwhile are looking to unload one of their Delhi mansions for over $25 million.