Friday (October 11): Chairman of Reliance Industries Ltd (RIL) Mr. Mukesh Ambani has topped the Forbes list of richest Indians for the 12th consecutive year in 2019.
Mr. Ambani’s net worth amounts to $51.4 billion on Forbes’ list of richest Indians for the year 2019.
“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,” Forbes said.
📢 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
— Forbes India (@forbes_india) October 10, 2019
Industrialist Gautam Adani has jumped eight spots to end at second position with an income pegged at $15.7 billion.
Adani controls India’s largest port i.e. Mundra Port, in his home state of Gujarat. His $13 billion (revenue) Adani Group’s interests include power generation and transmission, edible oil, real estate and defence, Forbes listed.
The economic slowdown had an effect on the list as spelt an 8 per cent drop in the total wealth of business tycoons on the Forbes list to $452 billion. The net worths of more than half the list members fell.
In all, 14 were poorer by $1 billion or more, and nine members from last year’s ranks dropped off, added Forbes while releasing the list.
Other richest Indians:
The top ten richest Indians include the names of Hinduja brothers, Pallonji Mistry, Uday Kotak, Shiv Nadar, Radhakishan Damani, Godrej family, Lakshmi Mittal and Kumar Birla respectively.
There are six new faces this year, including Byju Raveendran, the 38-year-old founder of fast-rising ed-tech unicorn Byju’s; Manohar Lal and Madhusudan Agarwal of Delhi-headquartered Haldiram Snacks; and Rajesh Mehra, whose family owns the popular Jaquar brand of bathroom fittings. Samprada Singh, founder of Alkem Laboratories, died in July and his fortune is now listed under his family.
Forbes compiled the list using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies.
