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Who is Savitri Jindal, the richest woman in Asia?


Savitri Jindal, chairman emeritus of OP Jindal Group, has become Asia’s richest woman, replacing China’s Yang Huiyan whose fortunes plummeted by 50% following China’s property crisis. In fact, Yang is now the third richest woman in Asia, as her net worth has fallen below fellow Chinese tycoon Fan Hongwei, head of chemical fiber firm Hengli Petrochemical Company.

While Yang Huiyan’s net worth has fallen to $11 billion, Fan Hongwei is ahead of her with a net worth of $11.3 billion, according to Bloomberg Billionaires Index. Meanwhile, Savitri Jindal is just ahead of Fan Hongwei with a fortune of $11.3 billion, thanks to his conglomerate Jindal Group.

Savitri Jindal is now the 10th richest person in India. She has been consistently ranked India’s richest woman by Forbes over the past few years. She is followed by Kiran Mazumdar from Biocon and Smita Crishna-Godrej from the Godrej group.

Due to economic uncertainties, Savitri Jindal’s net worth has also fluctuated a lot in recent years. In April 2020, at the start of the COVID-19 pandemic, the 72-year-old billionaire’s net worth fell to $3.2 billion. Later, in April 2022, it reached $15.6 billion. The growth of his fortune came when Russia’s invasion of Ukraine sent commodity prices skyrocketing.

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Who is Savitri Jindal?

Born in Tinsukia (Assam) in 1950, Savitri Jindal married Om Prakash Jindal, founder of the OP Jindal group, in 1970. The couple have nine children. After OP Jindal died in a helicopter crash in 2005, Savitri started running the business.

Savitri’s company is based in New Delhi and has stakes in steel producer JSW Steel and several other companies in mining, power generation, industrial gases and port facilities. The four divisions of OP Jindal Group – Steel, Power, Mining, Oil & Gas – are headed by Savitri’s four sons – Prithviraj, Sajjan, Ratan and Naveen Jindal. OP Jindal Group is the third largest steel producer in India.

Apart from business, she was also successful in politics. A member of the Indian National Congress, Jindal has also served as a minister in the government of Haryana and a member of the Haryana Vidhan Sabha (Legislative Assembly) from Hisar constituency. However, in 2014, she lost her seat in the Haryana assembly elections.

During this time, she is the president of Maharaja Agrasen Medical College of Agroha.

(Edited by : Sudarsanan Mani)

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