Uday Kotak

Currently, at the age of 61, businessman Kotak owns a fortune of about 14 billion USD. According to Bloomberg Billionaires Index, India's richest banker is Uday Suresh Kotak, who controls the Mumbai-based Kotak Mahindra Bank. Kotak Mahindra Bank's managing director and executive vice-chairman. Publicly listed firms provide commercial and investment banking, as well as insurance and brokerage services.

Entrepreneur Uday Kotak - from Gujarat state - founded an investment company in 1985 with a loan of 3 million rupees ($41,000) from family and friends. He partnered with Mr. Mahindra in 1986. The company expanded into lending, stockbroking, investment banking, insurance, and mutual funds. The company officially became a bank in 2003. Thanks to its 2014 acquisition of ING Bank's Indian division, Kotak Mahindra Bank has grown to become one of India's top four private banks. The Kotak 811 applications are named after the day on November 8, 2016, when the government withdrew 86 percent of all rupees in circulation. Even though India is suffering from the shadow lending crisis, billionaire Kotak's Kotak Mahindra Bank Ltd continues to develop rapidly.

Net worth: $14.3 billion

Source of wealth: Banking

City: Mumbai