Net worth – $11.4 billions (2017)
The Godrej Group is a huge conglomerate that deals with consumer products, furniture, security, industrial engineering, agricultural products and real estate. Something this diverse can’t be managed by a single person so instead it is managed by three members from the Godrej family. The original founders of this group are Ardeshir Godrej and his brother Pirojsha Burjorji Godrej. Together they helped bring this goliath of a business to life all the way back in 1897. Today it is run by their descendants, three men two whom are brothers and one who is their cousin whose names are Adi Godrej, Nadir Godrej and Jamshyd Godrej. On their own they are worth billions of dollars but considering this is a joint company they are all together worth more than $11 Billion.
The company started as a mere business selling locks. Back in 1897, in the then-Bombay, crime rate was beginning to reach an all-time high. Ardeshir Godrej felt if he sold locks he would become successful as people were becoming worried more and more each day about being robbed. The business was of course a success but unfortunately Ardeshir died before being able to have children. Luckily his brother and business partner Pirojsha decided to take over the company as his own. He went on to have children whom also gave birth to three children who would go on to now own the company. Under their control they have ventured from selling solely locks to what they now do today.