Mukesh Ambani richest person in India; net worth ₹3,80,700 crore

The combined wealth of the top 25 in the list equates to 10% of India’s GDP and that of 953 accounts for 27%.

By
Maharashtra Bulletin Internet Desk
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According to the latest IIFL Wealth-Hurun India Rich List, the number of Indians having a net worth of more than ₹1,000 crore has grown to 953 this year from 831 in 2018.
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Wednesday (September 25): Reliance Industries’ Chairman Mukesh Ambani has again become the richest Indian, with a net worth of ₹3,80,700 crore, according to the latest IIFL Wealth-Hurun India Rich List.

Mr. Ambani has topped the list for the eighth consecutive year.

While London-based S.P. Hinduja & family, with assets worth ₹1,86,500 crore, retained the second rank in the list, followed by Wipro founder Azim Premji with wealth of ₹1,17,100 crore.

When it comes to the residence of India’s top entrepreneurs, with 246 individuals or 26% of the list, Mumbai is the absolute capital followed by New Delhi (175) and Bengaluru (77).

According to the latest IIFL Wealth-Hurun India Rich List, the number of Indians having a net worth of more than ₹1,000 crore has grown to 953 this year from 831 in 2018.

While the number of billionaires in terms of U.S. dollar has reduced to 138 from 141.

The list says, combined wealth of the top 25 in the list equates to 10% of India’s GDP and that of 953 accounts for 27%.

Interestingly, while the cumulative wealth for this year shows an increase of 2% compared to last year, the average wealth shows a decline of 11%.
MD and chief researcher of Hurun Report India, Anas Rahman Junaid said, “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.”
L. N. Mittal, chairman and CEO of ArcelorMittal, was the fourth richest with wealth of ₹1,07,300 crore and Gautam Adani was placed in the fifth position with a net worth of ₹94,500 crore.

Others in the top 10 include Uday Kotak at the 6th place (₹94,100 crore), Cyrus S. Poonawalla at 7th position (₹88,800 crore), Cyrus Pallonji Mistry at 8th spot (₹76,800 crore), Shapoor Pallonji at 9th position (₹76,800 crore) and Dilip Shanghvi at 10th slot (Rs 71,500-crore).

There are 82 NRIs on the list of which 76% are self-made. With 31 individuals, the U.S. is the most preferred country for NRIs, followed by the UAE and the U.K.
The list includes 152 women with an average age of 56 years.

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