STOCK MARKET BSE NSE

Mukesh Ambani richest Indian for 5th year; networth dips: Forbes

Published: 25th October 2012 05:59 PM  |   Last Updated: 25th October 2012 05:59 PM   |  A+A-

By PTI

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 on Thursday.

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.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp