| Name: | Ravi Ruia |
| Net Worth: | $2 billion |
| Source of Wealth: | Essar Group / Essar Steel |
| Born: | April 1949 |
| Age: | |
| Country: | India |
| Wife: | Madhu Ruia |
| Children: | Smiti Ruia, Rewant Ruia |
| Residence: | London, UK |
| Private Jet: | Boeing 737 BBJ (N301SR) |
| Yacht | Sunrays |
Ravi Ruia is the co-founder and vice-chairman of the Essar Group, a prominent Indian multinational corporation. Born on April 22, 1949, Ruia is married to Madhu Ruia, and together they have two children, Smiti and Rewant. He pursued his education at the College of Engineering, Guindy, a public engineering college in Chennai, India. Established in 1794, CEG holds the distinction of being India’s oldest technical institution.
The Essar Group, headquartered in Mumbai, India, operates across a diverse range of sectors, including steel, energy, power, communications, shipping ports, logistics, and construction. The company, which began as a construction enterprise in 1976, expanded into oil and gas exploration during the 1980s. In the 1990s, the group ventured into steel, oil refining, and mobile telephony. Today, the company boasts over $15 billion in sales.
Essar Steel has earned its place as India’s largest exporter of flat steel products. The company plays a significant role in the Essar Group’s success, which also includes Essar Energy as India’s second-largest power generation company. Furthermore, Essar Projects ranks as the country’s second-largest engineering, procurement, and construction enterprise. Collectively, the Essar Group employs over 75,000 people across its various ventures.
Registered in the UK, Essar Energy is a key player in the global oil and gas industry, with activities spanning exploration and retail. In addition, the company owns several power plants, generating an impressive annual cash flow of $1.2 billion. The group’s ultimate holding company, Essar Global Fund Limited, is based in the Cayman Islands and is a diversified global private equity fund managed exclusively by Essar Capital Limited.
Essar Global Fund Limited is a global investor, controlling a variety of world-class assets diversified across Energy, Infrastructure, Metals & Mining, and Services sectors.
His net worth is estimated at $2 billion. His assets include Essar Energy, Essar Steel, a large real estate portfolio, and the yacht SUNRAYS.
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We believe the Ruia family has a large home in London. But we have not been able to identify the house. The family also has a residence in Mumbai, India
Mumbai is a city located on the west coast of India, in the state of Maharashtra. It is the largest city in India by population and is known as the financial, commercial, and entertainment capital of the country. Mumbai has a rich history and culture, and is home to a diverse population with a mix of different religions, languages, and cultures.
Some of the famous landmarks in Mumbai include the Gateway of India, Marine Drive, the Chhatrapati Shivaji Terminus (CST) railway station, the Elephanta Caves, and the Haji Ali Dargah. Mumbai is also known for its vibrant street food culture and its world-renowned film industry, which is popularly known as Bollywood.
He is the owner of the Oceanco yacht Sunrays.
The yacht Sunrays is the 5th hull in Oceanco’s successful Y700 range. She was delivered to her owner in 2010. The Burgess New Construction Division managed the entire build process.
The motor yacht is powered by two MTU 16V 595 engines. Which gives her a 20 knots top speed. Her cruising speed is 18 knots. She has a range of 5,000nm.
The superyacht is listed for sale.
Ruia owns a Boeing 737 BBJ private jet with registration N301SR. The SR is referring to the family’s Essar Group.
The Boeing BBJ (Boeing Business Jet) is a series of corporate jets based on the popular Boeing 737 commercial airliner. The BBJ series offers a unique combination of range, speed, and comfort for corporate and private use. The jets are designed for executive and VIP travel, and typically include luxury amenities such as private bedrooms, conference rooms, and lounge areas.
The BBJ series has a longer range than most other business jets, allowing for non-stop flights to destinations around the world. The jets also have a spacious cabin, with high ceilings and large windows, providing passengers with a comfortable and well-appointed environment for travel.
Boeing has continued to invest in the BBJ series, offering new models and upgrades that further enhance its capabilities and comfort. The BBJ is widely considered to be one of the best business jets available and is used by corporations, governments, and private individuals around the world.
The price of a Boeing BBJ can vary greatly depending on several factors, including the specific model, age, and configuration of the aircraft. On average, the cost of a new BBJ can range from $70 million to $100 million or more.
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