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 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
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
Forbes List 2018’, ‘Forbes India Rich
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
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.
2018 Forbes India Rich List