Reliance Industries Chairman Mukesh Ambani is the richest Indian for the eight consecutive year, according to IIFL Wealth Hurun India Rich List 2019 released on Wednesday.
Reliance Industries Chairman Mukesh Ambani is the richest Indian for the eight consecutive year, according to IIFL Wealth Hurun India Rich List 2019 released on Wednesday. With a net worth of Rs 3.8 lakh crore, India’s richest businessman is also the richest Indian globally, the report added. This comes after Mukesh Ambani jumped six positions to rank 13th on Forbes World’s Billionaire list released in March 2019. The second rank has been retained by London-based SP Hinduja and family with assets worth Rs 1.86 lakh crore. Wipro founder Azim Premji and chairman and CEO of ArcelorMittal, Lakshmi Mittal, were ranked third and fourth, respectively on the list. They hold total net assets worth Rs 1.17 lakh crore and 1.07 lakh crore, respectively.
Others 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth. “Globally, the wealth creators drive the growth and therefore play a vital role in shaping the economy. With Indian Government setting its sight on USD 5 trillion GDP mark – we are confident that the size of the India Rich List will easily triple in the next 5 years,” said Anas Rahman Junaid, MD & Chief Researcher, Hurun Report India.
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According to the Hurun list, twenty-five of the wealthiest in India account for the wealth which is equal to a tenth of India’s entire economic output. The list has 152 women with an average age of 56 years. Roshni Nadar (37) of HCL technologies is the richest woman followed by Smita V Crishna (68) of Godrej Group. Kiran Mazumdar-Shaw of Biocon continues to be the richest self-made woman in India.