Mukesh Ambani Tops Forbes India Rich List With $32 Billion FortuneReliance Industries Chairman Mukesh Ambani is the richest man in India with $ 32 billion in net worth followed by steel tycoon Lakshmi Mittal and younger brother Anil Ambani, according to the Forbes annual rich
Reliance Industries Chairman Mukesh Ambani is the richest man in India with $ 32 billion in net worth followed by steel tycoon Lakshmi Mittal and younger brother Anil Ambani, according to the Forbes annual rich list for the country.
NRI steel baron Mittal has been ranked at the second position with a net worth of $ 30 billion, while Mukesh's sibling Anil Ambani, whose wealth stood at $ 17.5 billion was ranked third.
Wipro Chirman Azim Premji and Essar Group's Shashi & Ravi Ruia are ranked fourth and fifth with net worth of $ 14.9 billion and $ 13.6 billion, respectively.
The magazine said the combined fortune of India's 100 richest is $ 276 billion, almost one-fourth of the country's GDP.
"Happier days are here again for India's super rich, thanks to a rebounding stock market, up two-thirds in the past year, and a still buoyant economy that's growing at least 6 per cent a year," the US business magazine said.
The nation is now home to 52 billionaires, up from 27 last year and only two short of what India had at the peak of its stock market boom in 2007.
Overall, the top three billionaries of India are worth $ 79.5 billion, which is $ 25.7 billion more than their combined sum a year ago.
However, Forbes said that the amount is "still far shy of their record total of $ 145 billion in 2007".
The magazine noted that the nation's richest beat their Chinese counterparts when it came to their fortunes.
The top-10 Indian billionaires are worth $ 155 billion, a 60 per cent increase over last year and four times that of China's top 10.
The India top-10 list includes—
Realtor KP Singh ($ 13.5 billion)
Savitri Jindal, Chairperson of OP Jindal group ($ 12 billion)
Telecom czar Sunil Mittal ($ 8.2 billion)
Birla Group Director Kumar Birla ($ 7.8 billion)
Adani Enterprises chief Gautam Adani ($ 6.4 billion).
Following is the Forbes list of 25 richest people in India:
Rank Name Net Worth (in $ bn)
1 Mukesh Ambani 32 2
2 Lakshmi Mittal 30 3
3 Anil Ambani 17.5
4 Azim Premji 14.9
5 Shashi & Ravi Ruia 13.6
6 KP Singh 13.5
7 Savitri Jindal 12
8 Sunil Mittal 8.2
9 Kumar Mangalam Birla 7.8
10 Gautam Adani 6.4
11 Anil Agarwal 6.3
12 Adi Godrej 5.4
13 G M Rao 4.3
14 Dilip Sanghvi 4.1
15 Shiv Nadar 3.7
16 Uday Kotak 3.3
17 Malvinder & Shivinder Singh 3
18 Subhash Chandra 2.7
19 Indu Jain 2.4
20 Kalanidhi Maran 2.3
21 Anand Burman 2.25
22 Brijmohan Lall Munjal 2.2
23 Sudhir & Samir Mehta 2.02
24 Cyrus Poonawalla 2 25
25 Ramesh Chandra 1.95 PTI