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Uday Kotak 36th in Forbes’ powerful people in finance

uday kotakKotak Mahindra Bank executive vice chairman and MD Uday Kotak has got a place in Forbes’ list of 40 of the most powerful people in the financial world who control the flow of trillions of dollars around the global economy. Uday Kotak, 57, who has a net worth of about $ 7.1 billion, ranked 33rd in the Forbes list of ‘Money Masters: The Most Powerful People In The Financial World.’ He is the only person found place in the list from India. According to Forbes, the 40 financiers on the list dominate the world of money, from banking to buyouts, trading to takeovers. The hedge fund managers, private equity moguls and lenders who control the flow of trillions of dollars around the global economy impact just about all of us one way or another, it said. With the Kotak bank overseeing USD 34.6 billion in assets, Forbes said, Uday Kotak continues to offer 6% on savings accounts, even as falling rates make it harder to do so. The list is topped by Blackstone group CEO Stephen Schwarzman, who has a net worth of $ 10.2 billion and oversees assets worth $ 344 billion. It includes JPMorgan Chase CEO Jamie Dimon on the third spot, Berkshire Hathaway head Warren Buffet (4), Goldman Sachs chairman Lloyd Blankfein (9) and Soros Fund Management chief George Soros (10).

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