In the Forbes’ India Rich List, Industrialist Mukesh Ambani has been named India’s richest for ninth year in a row with a net worth of $18.9 billion. Ambani was followed by Sun Pharma’s Dilip Shanghvi as the second richest with a net worth of $18 billion, while Wipro’s Azim Premji retained his third place with $15.9 billion. The ecommerce giant Flipkart’s founders made their debut on the country’s top 100 rich list.
Flipkart’s co-founders Sachin and Binni Bansals made their debut at 86th position with a net worth of $1.3 billion each. The combined wealth of India’s 100 richest persons remained largely unchanged at $345 billion, compared with $346 billion in 2014.
The magazine said the Indian economy was estimated to grow 7 percent this year, but the wealth of many of India’s 100 richest has declined due to the fall in the stock markets and depreciation of the rupee over the past one year.
In the top ten, Hinduja brothers were ranked 4th with $15.9 billion, followed by Pallonji Mistry at $14.7 billion, Shiv Nadar ($12. 9 billion), Godrej family ($11.4 billion), Lakshmi Mittal ($11.2 billion), Cyrus Poonawala ($7.9 billion) and Kumar Mangalam Birla ($7.8 billion).
The list was compiled using shareholding and financial data obtained from families and individuals, stock exchanges, analysts and regulators.
Test Your GK
__________ and ___________ have been ranked as top two in a list of most powerful women in Asia Pacific prepared by the global magazine Fortune.
