Forbes magazine released its inaugural list of India’s 40 wealthiest businessmen, with half of the entrants hailing from the nation’s burgeoning technology and pharmaceutical sectors.

Topping the list with $11.2 billion is London-based steel magnate Lakshmi Mittal, who holds 88% of Mittal Steel. The company will become the world’s largest manufacturer of steel following their acquisition of rival International Steel.

Other facts of note:

• Nineteen created their fortunes from scratch
• Eleven made their money in technology
• Nine made their fortunes in pharmaceuticals
• Forty percent live in Bombay
• Two Patels made the list, which means I will spend this weekend digging through the family tree.

Forbes: India’s 40 richest