Mukesh Ambani richest Indian: Forbes

Agencies : New York, Thu Oct 25 2012, 17:58 hrs

Ads by Google

Top Stories

Mukesh Ambani has retained his position as the world's richest Indian for the fifth year in a row, despite a decline in his networth to USD 21 billion, according to an annual rich list released today.

Although Ambani's networth declined for the third year in a row, including a plunge of USD 1.6 billion in past one year, his fortune remains more than 30 per cent above that of the second-ranked Lakshmi Mittal, as per business magazine Forbes' latest annual ranking of 100 wealthiest Indians. Steel baron Mittal's networth fell by USD 3 billion to USD 16 billion.

Ambani, who heads energy-to-retail conglomerate Reliance Industries group, and Mittal are followed by IT czar Azim Premji (USD 12.2 billion), construction major and Tata group's major shareholder Shapoorji Pallonji group patriarch Pallonji Mistry (USD 9.8 billion) and drugmaker Sun Pharma's Dilip Shanghvi (USD 9.2 billion) in the top-five.

Mukesh's younger brother Anil Ambani is ranked 11th (USD 6 billion), as he movs up two positions from 13th last year.

Others in top 10 include Adi Godrej at 6th position (USD 9 billion), followed by Savitri Jindal (USD 8.2 billion), Shashi & Ravi Ruia (USD 8.1 billion), Hinduja Brothers (USD 8 billion) and Kumar Mangalam Birla (USD 7.8 billion).

Telecom czar Sunil Mittal and Gautam Adani have moved out of the top 10 and are now ranked 12th and 16th respectively.

Last year, Mittal was ranked sixth and Adani was seventh. Even as the networth of top-ranked persons like Ambani and Mittal fell, the collective wealth of India's richest 100 rose by 3.7 per cent (USD 9 billion) to USD 250 billion in the past one year, Forbes said. In the preceding year, the total wealth of India's 100 richest had fallen by 20 per cent.

The number of billionaires has risen to 61, from 57 last year. Sun Pharma's Shanghvi has made his debut in top five this year.

... contd.

Page : 1 2 3 Single Page Format

Ads by Google

ALSO READ

A total of 10 new stocks have been included in BSE Mid-Cap index, while 12 existing ones would move out. (Reuters)

BSE rejigs mid-cap, small-cap indices

There's a neat little twist at the end. So don't rush out of the theatres.

Go Goa Gone movie review

This comes off as a mini version of the Karan Johar-directed Student Of The Year.

Review: Gippi is a mini version of Student Of The Year

BSE Sensex ended the day at 20082.62, up 143.58, to its highest close in nearly 3-1/2 months. (Reuters)

BSE Sensex rises 143 pts to cross 20,000-mark, ITC shares at record high

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).