Mukesh Ambani richest Indian for 11th consecutive year: Forbes
NEW DELHI: Reliance Industries’ chairman Mukesh Ambani has emerged as the richest Indian for the 11th consecutive year with a net worth of $47.3 billion, according to Forbes magazine. He is also the year’s biggest gainer, adding $9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service. As per the ‘Forbes India Rich
List 2018’, Wipro chairman Azim Premji has retained the second spot, adding $2 billion to his wealth at $21 billion; while ArcelorMittal chairman Lakshmi Mittal moved a place ahead to the third slot with a net worth of $18.3 billion, increasing his wealth by $1.8 billion. Mittal is followed by the Hinduja brothers at with a net worth of $18 billion and Pallonji Mistry with $15.7 billion.
Other business magnates making the top 10 list are Shiv Nadar ($14.6 billion), Godrej family ($14 billion), Dilip Shanghvi ($12.6 billion), Kumar Birla ($12.5 billion) and Gautam Adani ($11.9 billion).
Biotechnology pioneer Kiran Mazumdar-Shaw has emerged as the biggest percentage gainer of the year. One of only four women on the list, her net worth rose 66.7% to $3.6 billion. In terms of net worth, she stood at 39th spot.
“Despite a rout in the rupee that practically wiped out the Indian stock market’s 14% rise from a year ago, tycoons on the 2018 Forbes India Rich List saw a modest gain in their combined wealth to $492 billion,” a Forbes India statement said, adding that among the nation’s 100 richest, 11 saw their wealth jump by $1 billion or more.