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Uday Kotak, only Indian in Forbes Most Powerful People in the Financial World list

May 12, 2016 18:18 IST

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Forbes magazine on 11 May 2016 released the list of Money Masters: the Most Powerful People in the Financial World. The list comprises of 40 most powerful peoples in the financial world.

The only Indian who finds mention in the list is Uday Kotak, the CEO of the Kotak Mahindra Bank. He is ranked 33rd in the list with a net worth of 7.1 billion dollars and oversees assets worth 34.6 billion dollars.

The list has been topped by Stephen Schwarzman of Blackstone Group followed by David Tepper of Appaloosa Management and Jamie Dimon of JP Morgan Chase & Co.

Top ten People in the list include:

•    Stephen Schwarzman: He is the CEO of Blackstone Group, the world’s biggest private equity firm. The net worth is 10.2 billion dollars and oversees assets worth 344 billion dollars.

•    David Tepper: He is the CEO of Appaloosa Management and has a net worth of 11.4 billion dollars and oversees assets worth 18 billion dollars.

•    Jamie Dimon: He is the CEO of JPMorgan Chase & Co, America’s largest bank. He oversees an institution that moves 5 trillion dollars a day. His net worth is 700 million dollars and oversees asset worth 2.4 trillion dollars.

•    Warren Buffet: He is the CEO of Berkshire Hathaway and has a net worth of 68.5 billion dollars and oversees assets worth 552 billion dollars.

•    Laurence Fink: He is the CEO of the world’s biggest asset manager BlackRock and has net worth of 550 million dollars and oversees assets worth 4.6 trillion dollars.

•    Ken Griffin: A successful hedge fund manager and CEO of the financial firm Citadel. He as a net worth of 7.6 billion dollars and oversees assets worth 25 billion dollars.

•    Jeffrey Gundlach: The bond king is the CEO of Doubleline Capital and has a net worth of 1.4 billion dollars and oversees asset worth 95 billion dollars.

•    Carl Icahn: The activist investor     and CEO of Icahn Investors has a net worth of 17.6 billion dollars and oversees assets worth 42 billion dollars.

•    Lloyd Blankfein: He is the CEO of Goldman Sachs and has a net worth of 700 million dollars and oversees assets worth 878 billion dollars.

•    George Soros: He is the chairman of Soros Fund Management and has a net worth 24.9 billion and oversees assets worth 29 billion dollars.

The candidates on the list were judged on net worth, assets under management or overseen, three-year track records and influence on markets.

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Read more Current Affairs on: Uday Kotak , only Indian , Forbes , Most Powerful People , Financial World list

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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