Kumar Birla Net Worth

Kumar Mangalam Birla is an Indian billionaire and philanthropist who is the chairman of the largest conglomerate in India, the Aditya Birla Group. Aditya Birla Group is present in other countries like Canada, Australia, Malaysia, and China including India. Birla is also the vice-chancellor of the Birla Institute of Technology & Science and IIM Ahmedabad. Let’s get to know about the net worth of Kumar Birla along with other insights in this article. 

Kumar Birla: Net Worth

Kumar Mangalam Birla is on the Forbes list of Top 10th Richest Indians 2022 (released in May 2022) where he ranks 8th with Forbes mentioning Birla’s net worth of $16.5 billion. According to another list which is Forbes Annual Billionaires ranking, his worth is 13.2 billion. The majority of Kumar Birla’s net worth reportedly comes from the stake that he owns in the Aditya Birla Group. The Aditya Birla Group is currently generating a revenue of approximately $46 billion dollars.

Kumar Birla: Early Life and Education

Kumar Mangalam Birla was born to Aditya Vikram Birla and Rajashree Birla in Kolkata and he grew up in Mumbai with his sister Vasavadatta Birla. He studied at Sydenham College of Commerce and Economics and his graduation from H.R. college of commerce and economics from the University of Mumbai. Kumar Birla then went to London to study at the London Business school where he was awarded a Master of Business administration by the University of London. After his Master’s, Birla is a Chartered Accountant as well and he studied at the Institute of Chartered Accountants of India (ICAI).

Kumar Birla: Career

Kumar Mangalam Birla took control over his father’s company at the age of 28 in 1995 after the death of Aditya Birla. Since the date when Kumar Mangalam Birla joined as the chairman of the company, the net worth of the company has increased from $3.5 billion to around $48.3 Billion in 2019. 

Kumar Mangalam Birla lost over $3 billion dollars within a time span of 3 years after 2017, with his net worth reduced by over $6 billion dollars due to the Vodafone Idea merger which is facing tough competition by Reliance Jio.

The Aditya Birla Group

The Aditya Birla Group is among the oldest families that started trading in India with its cotton business. Now, it is operating in more than over 34 countries and it is involved in each of the business fields giving it a tough fight over other conglomerates.

The Aditya Birla Group is among the top conglomerates in the country with over $40 billion in revenue in fields like cement, telecom, metal, fashion, and retail. He increased his net worth by more than 26 times since the time he started doing the business.

The Aditya Birla Group includes various fashion brands like Peter England, Allen Solly, and Louis Philippe. It also includes the telecom company Vodafone Idea.

Kumar Mangalam Birla also holds a significant stake in other companies like the world’s largest aluminum rolling company Hindalco Industries and Grasim industries. Vodafone Idea is the third largest telecom company in India after Reliance Jio and Airtel. Also, his company Aditya Birla group also includes India’s biggest cement company Ultratech cement with his huge acquisitions and holdings. Kumar Mangalam Birla is now India’s biggest cement businessman with the undisputed success of Ultratech cement.