Onkar Kanwar’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2024 | $1.5 billion | Forbes World's Billionaires List 2024 |
| 2025 | $1.4 billion | Forbes World's Billionaires List 2025 |
| 2026 | $1.5 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $1.4 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Onkar Kanwar’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Onkar Kanwar has an estimated net worth of $1.4 billion, according to Forbes Real-Time Billionaires, Onkar Kanwar profile (figures as of October 20, 2026). That is down from a peak of $1.5 billion.
Onkar Kanwar is an Indian businessman best known as chairman of Apollo Tyres. He also chairs Artemis Global Life Sciences, PTL Enterprises, and Premedium Pharmaceuticals Pvt Ltd. Early in his career, he worked as a salesman in Riverside, California, and later worked on the shop floor at Abbey Etna Machine Company in Perrysburg, Ohio. Those roles gave him practical experience before he moved into leading businesses in India.
His wealth is tied mainly to Apollo Tyres, the company started in 1976 by his father, Raunaq Singh. Kanwar took control in 2002 and helped expand the business from a small single-plant Indian company into a multinational tire maker. Apollo makes tires for cars, trucks, farm vehicles, and two-wheelers. It sells under the Apollo and Vredestein brands in India, Europe, and Asia, including tires for luxury cars under Vredestein.
How Onkar Kanwar built his fortune
Kanwar's fortune comes mainly from the tire business. He chairs Apollo Tyres, an automotive company that makes products for several kinds of vehicles, including cars, trucks, farm vehicles, and two-wheelers. The company sells under the Apollo and Vredestein brands across India, Europe, and Asia. That broad mix gives the business reach in both everyday transport and the luxury car market through Vredestein.
Apollo Tyres is the core of his business profile, but it is not his only role. He is also chairman of Artemis Global Life Sciences, PTL Enterprises, and Premedium Pharmaceuticals Pvt Ltd. Outside manufacturing, he owns specialty hospitals under the Artemis brand in northern India. Leadership at Apollo also includes his younger son Neeraj Kanwar, who serves as vice-chairman and managing director.
Forbes net worth and money picture
Forbes put Kanwar's net worth at $1.4 billion on its real-time billionaires tracker as of October 20, 2026. Forbes places him in the Automotive industry, with wealth tied to tires. That estimate fits his long career at Apollo Tyres, where his public identity and business position have stayed centered on the same company for decades rather than shifting between unrelated ventures.
A few career milestones help explain why Apollo Tyres matters so much to his money story. He took control of the company in 2002 after a public battle with his father. In 2013, Apollo Tyres was reported to be pursuing Cooper Tire & Rubber Company in a move that would have made it the world's seventh-largest tyre maker, but the takeover later collapsed after legal battles.
Career and money timeline
- 1976
Apollo Tyres was started in 1976 by his father, Raunaq Singh.
- 2002
Kanwar took control of Apollo Tyres in 2002.
- 2004-05
He served as president of Federation of Indian Chambers of Commerce & Industry in 2004-05.
- 2012
He received an Ernst and Young Entrepreneur of the Year Award for India in 2012.
- 2013
Apollo Tyres was reported to be pursuing Cooper Tire & Rubber Company in 2013.
- 2018
He received honors from Hungary and Japan in 2018.
Onkar Kanwar net worth FAQ
What is Onkar Kanwar's net worth?
Onkar Kanwar's net worth is an estimated $1.4 billion, according to Forbes Real-Time Billionaires, Onkar Kanwar profile (October 20, 2026). It is an estimate, not an official figure.
How did Onkar Kanwar get so rich?
The main sources named in the reporting we cite are: Tires.
Is Onkar Kanwar a billionaire?
Yes. Forbes Real-Time Billionaires estimates Onkar Kanwar is worth $1.4 billion.
How has Onkar Kanwar's net worth changed?
The earliest published estimate we track is $1.5 billion (2024, Forbes World's Billionaires List 2024). The latest is $1.4 billion (October 20, 2026).
What company is Onkar Kanwar best known for?
He is best known as chairman of Apollo Tyres. The company makes tires for cars, trucks, farm vehicles, and two-wheelers.
What other businesses is he linked to?
He also chairs Artemis Global Life Sciences, PTL Enterprises, and Premedium Pharmaceuticals Pvt Ltd. He also owns specialty hospitals under the Artemis brand in northern India.
Sources
- Forbes Real-Time Billionaires, Onkar Kanwar profile (October 20, 2026)
- Forbes World's Billionaires List 2024, Onkar Kanwar profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Onkar Kanwar profile (April 2025)
- Forbes World's Billionaires List 2026, Onkar Kanwar profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Onkar Kanwar (accessed October 23, 2026). Used for career facts only, never for figures.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.