Mukesh Ambani retains top spot on 2024 Forbes’ list
The RIL chief’s current net worth stands at $108.3 billion making him the 13th richest person in the world.
For the 12th consecutive year, Reliance Industries’ Chairman Mukesh Ambani topped Forbes India Rich List 2019, with his net worth at $51.4 billion.
“Mukesh Ambani remains the richest Indian for the 12th year in a row. He added $4.1 billion to his net worth as Jio, a three-year-old telecom unit of his Reliance Industries, became one of India’s biggest mobile carriers with 340 million subscribers,” said Forbes in an online article.
📢 Forbes India Rich List 2019 is out now. Find out who made big gains in this challenging year: https://t.co/HhQsMVgBj2 #ForbesIndiaRichList2019 pic.twitter.com/upTT4Wo30G
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— Forbes India (@forbes_india) October 10, 2019
The company stated that ‘it was a challenging year for the nation’s wealthiest.’ As the total wealth of this year’s 100 wealthiest fell by 8% from a year ago to $452 billion. “In all, 14 were poorer by $1 billion or more, and nine members from last year’s ranks dropped off,” Forbes India said.
“Azim Premji, who gave away a chunk of his fortune in March and consequently dropped in the ranks to No. 17 from No. 2. Inspired by Mahatma Gandhi, Premji has so far donated $21 billion to his education-focused charity, which includes two-thirds of his shares in Wipro (he retains a 7% stake),” it added.
Following Ambani and Gautam Adani of Adani Ports & SEZ (net worth-$15.7 bn) in the list are, Hinduja brothers of Ashok Leyland, Pallonji Mistry of Shapoorji Pallonji Group, Uday Kotak of Kotak Mahindra Bank, with a net worth of $15.6 bn, $15 bn, $14.8 bn respectively.
Other than the experienced businessmen, six new players have also made to the Forbes list including Byju Raveendran of Byju’s is at no. 72 with $1.91 billion. Byju is then followed by Haldiram Snacks’ Manohar Lal & Madhusudan Agarwal is at no. 86 with $1.7 billion. Rajesh Mehra of Jaquar made to the 95th position with $1.5 billion.
The slowdown in the automobile industry have affected the Autoparts maker, Vivek Chaand Sehgal as his net worth was slashed to $2.45 billion, at no. 52.
(With input from agencies)
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