{"id":635,"date":"2023-10-20T14:34:14","date_gmt":"2023-10-20T14:34:14","guid":{"rendered":"https:\/\/www.sesglobal.com.au\/blog\/oldest-billionaire.html"},"modified":"2023-10-20T14:34:14","modified_gmt":"2023-10-20T14:34:14","slug":"oldest-billionaire","status":"publish","type":"post","link":"https:\/\/www.sesglobal.com.au\/blog\/oldest-billionaire.html","title":{"rendered":"Oldest billionaire"},"content":{"rendered":"

The World s 10 Oldest Billionaires: Here s How Old You Have To Be To Join The List Worth Over $34 Billion<\/h1>\n\n\n\n\n

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LIC agent to $2.5 billion net worth: Story of India’s oldest billionaire<\/h2>\n\n\n\n\n

\"Oldest<\/p>\n\n\n\n\n

Lachhman Mittal, founder and chairman of tractor-making company Sonalika Group, has now become the oldest billionaire in India. Mittal received the tag after Mahindra and Mahindra chairman emeritus Keshub Mahindra passed away last week.<\/p>\n\n\n\n\n

\"Old<\/p>\n\n\n\n\n

The 92-year-old has a net worth of $2.5 billion. Started in the 1990s, today his Sonalika Group is India’s third-largest tractor maker by market share. Born in 1931 in Punjab\u2019s Hoshiarpur, Lachhman Das Mittal established the company after his retirement.<\/p>\n\n\n\n\n

\"From<\/p>\n\n\n\n\n

Mittal was an LIC agent before he started his own business. The business tycoon retired from the insurance behemoth at age 60 in 1990, as per Forbes. Six years after his retirement, the billionaire startd his entrepreneurship journey. \u201cWe want to triple revenues, triple profits and triple our production by 2020,\u201d Mittal told Forbes in 2015.<\/p>\n\n\n\n\n

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\"Rejected<\/p>\n\n\n\n\n

“Once I applied for a dealership of Maruti Udyog but was rejected. Today, I give out dealerships,” Mittal had once told Business Standard in an interview. He is another example that no matter your age and how many rejections you get, you will be successful with grit and determination.<\/p>\n\n\n\n\n

\"2<\/p>\n\n\n\n\n

Sonalika is associated with over 2 lakh customers (as per figures in September\u201922) in markets outside India, which is a true sign of high acceptability of an Indian brand across 140 countries.<\/p>\n\n\n\n\n

\"Still<\/p>\n\n\n\n\n

As per Forbes, Mittal has handed over operations to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul, but remains keenly interested in the business.<\/p>\n\n\n\n\n

The World’s 10 Oldest Billionaires: Here’s How Old You Have To Be To Join The List Worth Over $34 Billion<\/h2>\n\n\n\n\n

<\/p>\n\n\n\n\n

There are 2,668 billionaires worldwide, according to a new report from Forbes. Among the list is a diverse range of men and women with an age range of 19 to 100. What Happened:<\/strong> The 2022 Forbes Billionaires list features 2,668 people, 87 less than 2021. The billionaires are worth a combined $12.7 trillion. Here\u2019s a look at the 10 oldest billionaires and how they made the list:<\/strong> George Joseph<\/strong> (100), $1.8 billion, rank 1,645: The founder of insurance company Mercury General<\/strong> saw his wealth drop from $2 billion in the previous year. Joseph is the oldest billionaire in the world. Robert Kuok<\/strong> (98), $11.7 billion, rank 163: Kuok is the richest man in Malaysia and the richest person among the 10 oldest billionaires. Kuok\u2019s wealth comes from ownership of Kuok Group<\/strong>, which holds interest in palm oil, hotels and real estate.<\/p>\n\n\n\n\n

Charles Munger<\/strong> (98), $2.5 billion, rank 1,238: Vice chairman of Berkshire Hathaway<\/strong> (NYSE: BRK-A)(NYSE: BRK-B) and right-hand man to Warren Buffett<\/strong> (91 years old), Munger is among the richest people over the age of 95. Munger saw his wealth climb from $2 billion in 2021 to $2.5 billion in 2022. David Murdock<\/strong> (98), $2.3 billion, rank 1,341: The former chairman of Dole PLC<\/strong> (NYSE:DOLE), Murdock saw his wealth increase from $2.1 billion to $2.3 billion in 2022. Related Link: Will Elon Musk Be The First Trillionaire? Here’s What One Study Predicts<\/em> Masatoshi Ito<\/strong> (97), $4.6 billion, rank 622: Ito is the honorary chairman of Seven and I Holdings,<\/strong> one of the largest retail companies in Japan. Ito saw his wealth increase from $4 billion to $4.6 billion in 2022. S. Daniel Abraham<\/strong> (97), $2 billion, rank 1,513: The founder of Slim-Fast<\/strong> maintains a wealth of $2 billion, a figure that has remained the same for the past five years.<\/p>\n\n\n\n\n

Ana Maria Brescia Cafferata<\/strong> (97), $1.5 billion, rank 1,929: The owner of 30% of Grupo Breca<\/strong>, Brescia Cafferata saw her wealth increase from $1.3 billion to $1.5 billion over the last year. Peruvian company Grupo Breca holds interests in real estate, finance, hotels, mining and agriculture. Ted Lerner and Family<\/strong>, $4.5 billion, rank 637: Real estate developer Ted Lerner (96) created Lerner<\/strong> in 1952 and the company has been a leader in the real estate space since. Lerner\u2019s wealth took a dip from $4.8 billion to $4.5 billion over the past year. Stephen Jarislowsky<\/strong> (96), $1.8 billion, rank 1,645: Jarislowsky founded the investment management firm Jarislowsky Fraser<\/strong> in 1955. Jarislowsky\u2019s wealth remained flat at $1.8 billion in 2022. John Farber<\/strong> (96), $1.5 billion, rank 1,929: Farber is the chairman of the chemical company ICC Industries.<\/strong> See also: The World’s 10 Youngest Billionaires 2022: Cryptocurrency And Fintech Names Lead The Newcomers<\/em><\/p>\n\n\n]]><\/p>\n","protected":false},"excerpt":{"rendered":"

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