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Forbes rich list: Mukesh Ambani is India's richest, but Dilip Shanghvi topples Azim Premji

Oct 29 2013, 15:42 IST
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While Mukesh Ambani's wealth was static, there are a total of 65 billionaires on the list, four more than last year, says Forbes rich list. While Mukesh Ambani's wealth was static, there are a total of 65 billionaires on the list, four more than last year, says Forbes rich list.
SummaryMukesh Ambani wealthiest; 100 richest saw collective wealth soar by modest 3 pct, shows Forbes rich list.

With a networth of USD 21 billion, Reliance Industries (RIL)' Mukesh Ambani has retained his title as India's richest for sixth year in a row, while the country's 100 richest persons saw their collective wealth soar by a modest 3 per cent in a year, according to Forbes wealth list.

NRI steel tycoon Lakshmi Mittal (USD 16 billion) also continues to hold the second position, while Sun Pharmaceuticals Industries' Dilip Shanghvi has jumped to third place with about 50 per cent surge in his wealth to USD 13.9 billion, pushing Wipro's Azim Premji to fourth place (USD 13.8 billion).

As per US-based business magazine Forbes' annual list of India's 100 richest, released today, their total wealth grew by a modest 3 per cent from a year ago to USD 259 billion.

"Growth in wealth was lacklustre due to India's stumbling economy, which has been hit by inflation and a falling rupee," Forbes rich list showed.

Amid the sluggishness, Reliance Industries chief Mukesh Ambani and ArcelorMittal's Lakshmi Mittal saw no change in their respective networths, but pharmaceutical industry titan Dilip Shanghvi managed to buck the trend with a surge of USD 4.7 billion in his wealth to USD 13.9 billion.

Azim Premji's wealth also rose by USD 1.6 billion, but he could not retain his third slot.

Pallonji Mistry, patriarch of construction giant Shapoorji Pallonji Group which is the biggest shareholder in Tata Sons, has moved down one place to fifth rank with a networth of USD 12.5 billion. His younger son Cyrus Mistry last year succeeded Ratan Tata as new Tata group head.

NRI businessmen Hinduja brothers have moved up to sixth place (USD 9 billion), from their 9th position last year.

Shiv Nadar (USD 8.6 billion) have moved into top-ten at the 7th place, while Sunil Mittal has also returned to this league at 10th place (USD 6.6 billion). On the other hand, Essar group's Ruia brothers and Jindal group's Savitri Jindal have moved out from the group.

Adi Godrej has slipped two places to 8th rank (USD 8.3 billion), while Aditya Birla group Chairman Kumar Mangalam Birla has gained one position to 9th (USD 7.6 billion).

Anil Ambani has also retained his 11th rank, although his wealth rose to USD 6.2 billion, from USD 6 billion a year ago.

In the top-20, he is followed by Shashi and Ravi Ruia (USD 5.5 billion), Micky Jagtiani (USD 5 billion), Savitri

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