Forbes billionaires 2018 ranking: With $40 bn, Mukesh Ambani richest Indian; Jeff Bezos tops global rich list

New York: Mukesh Ambani's net worth has soared to $40.1 billion, making him the richest Indian for the 11th year in a row, while Amazon founder Jeff Bezos toppled Bill Gates as the world's wealthiest person, says Forbes.

According to Forbes' 2018 'World's Billionaires' list, Reliance Industries Chairman Mukesh Ambani's wealth surged a whopping 72.84 percent to $40.1 billion (Rs 2,60,622 crore) -- highest among the 119 Indian billionaires on the list. Ambani was ranked 19th globally, up from 33rd position in 2017.

"Mukesh Ambani chairs and runs $51 billion (revenues) oil and gas giant Reliance Industries, among India's most valuable companies," Forbes said.

Bezos, referred to as the "Centi-billionaire", topped the list with a net worth of $112 billion, becoming the only person to appear in the Forbes list with a 12-figure fortune.

"Shares of his e-commerce giant Amazon rose 59 percent in 12 months, helping boost his fortune by $39.2 billion. It was the biggest one year gain since Forbes started tracking billionaires in 1987," it said.

File image of RIL chairman Mukesh Ambani.

File image of RIL chairman Mukesh Ambani.

The Amazon founder moved ahead of Bill Gates, who is now the second richest person globally with a fortune of $90 billion.

According to Forbes, India is home to 119 billionaires, 18 more than last year.

This year's list consists of 2,043 of the richest people in the world. The combined net worth of this elite group is a whopping $9.1 trillion, up 18 percent since last year. Their average net worth is a record $4.1 billion.

Azim Premji is the second richest Indian and was ranked 58th on the overall list with a net worth of $18.8 billion, followed by Lakshmi Mittal (62nd position, net worth of $18.5 billion), Shiv Nadar (98th, $14.6 billion) and Dilip Shanghvi (115th, $12.8 billion).

The 10 richest Indians include Kumar Birla, ranked 127th overall with a fortune of $11.8 billion, Uday Kotak (143, $10.7 billion), Radhakishan Damani (151, $10 billion), Gautam Adani (154, $9.7 billion) and Cyrus Poonawalla (170, $9.1 billion).

Acharya Balkrishna, the co-founder of FMCG company Patanjali Ayurved, was ranked 274th on the list with a net worth of $6.3 billion.

"Acharya Balkrishna derives his fortune from fast-growing consumer goods giant Patanjali Ayurved. Balkrishna owns 98.6 percent of the privately-held company, which he cofounded with politically well-connected yoga guru Baba Ramdev," Forbes said.

Meanwhile, Anil Ambani, the younger sibling of Mukesh Ambani was ranked 887th on the list with a net worth of $2.7 billion.

Indian jeweller Nirav Modi is among the drop-offs from the list, along with Papa John's Pizza founder John Schnatter, Christoffel Wiese of South Africa, and Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud.

Donald Trump, who became the first billionaire president in US history in January 2017, was ranked 766th on the list, down from 544, with a fortune of $3.1 billion.

Trump's fortune fell $400 million since March 2017.

There were 259 newcomers, including the first ever cryptocurrency billionaires, while 121 dropped out due to falling fortunes or political headwinds, including 10 Saudi Arabians.

Forbes further noted that the gap between the really rich and the merely rich continues to widen, as fortunes soar to new heights so much so that the 20 richest people on the planet are worth a staggering $1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.

"In aggregate, they may represent less than 1 percent of total billionaires but their riches amount to 13 percent of the total fortune of all billionaires worldwide," Forbes said.

The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from 9 February, 2018.

(Disclosure - Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)

Here is the full list of Forbes Indian billionaires 

India rank Global rank Name Net Worth Age Source Country of Citizenship
1 19 Mukesh Ambani $40.1 B 60 petrochemicals, oil & gas India
2 58 Azim Premji $18.8 B 72 software services India
3 62 Lakshmi Mittal $18.5 B 67 steel India
4 98 Shiv Nadar $14.6 B 72 software services India
5 115 Dilip Shanghvi $12.8 B 62 pharmaceuticals India
6 127 Kumar Birla $11.8 B 50 commodities India
7 143 Uday Kotak $10.7 B 58 banking India
8 151 Radhakishan Damani $10 B 63 investments, retail India
9 154 Gautam Adani $9.7 B 55 commodities, ports India
10 170 Cyrus Poonawalla $9.1 B 76 vaccines India
11 176 Savitri Jindal $8.8 B 67 steel India
12 176 Sunil Mittal $8.8 B 60 telecom India
13 265 Kushal Pal Singh $6.4 B 86 real estate India
14 274 Acharya Balkrishna $6.3 B 45 consumer goods India
15 274 Vikram Lal $6.3 B 76 motorcycles India
16 281 Nusli Wadia $6.2 B 74 consumer goods India
17 289 Benu Gopal Bangur $6 B 86 cement India
18 372 Kalanithi Maran $5.2 B 52 media India
19 388 Subhash Chandra $5 B 67 media India
20 388 Pankaj Patel $5 B 64 pharmaceuticals India
21 388 M.A. Yusuff Ali $5 B 62 retail India
22 404 Ajay Piramal $4.9 B 62 pharmaceuticals India
23 422 Bajaj brothers $4.8 B - diversified India
24 466 Kapil & Rahul Bhatia $4.5 B - airlines India
25 480 Micky Jagtiani $4.4 B 66 retail India
26 499 Rahul Bajaj $4.3 B 79 motorcycles India
27 527 Pawan Munjal $4.1 B 64 motorcycles India
28 550 B.R. Shetty $4 B 76 healthcare India
29 572 Sudhir & Samir Mehta $3.9 B - diversified India
30 572 Ravi Pillai $3.9 B 64 construction India
31 606 Mangal Prabhat Lodha $3.7 B 62 real estate India
32 629 Kiran Mazumdar-Shaw $3.6 B 64 biotech India
33 629 Karsanbhai Patel $3.6 B 74 consumer goods India
34 652 Kuldip Singh & Gurbachan Singh Dhingra $3.5 B - paints India
35 652 Baba Kalyani $3.5 B 69 engineering India
36 679 Shashi & Ravi Ruia $3.4 B - diversified India
37 703 Anil Agarwal $3.3 B 64 mining, metals India
38 703 Ashwin Dani $3.3 B 75 paints India
39 729 Sameer Gehlaut $3.2 B 44 finance India
40 766 Rajan Raheja $3.1 B 63 diversified India
41 791 Hasmukh Chudgar $3 B 84 pharmaceuticals India
42 791 Rakesh Jhunjhunwala $3 B 57 investments India
43 822 Smita Crishna-Godrej $2.9 B 67 consumer goods India
44 822 Adi Godrej $2.9 B 75 consumer goods India
45 822 Jamshyd Godrej $2.9 B 69 consumer goods India
46 822 Nadir Godrej $2.9 B 67 consumer goods India
47 822 Rishad Naoroji $2.9 B 66 consumer goods India
48 859 Aloke Lohia $2.8 B 59 petrochemicals India
49 859 Chandru Raheja $2.8 B 77 real estate India
50 887 Anil Ambani $2.7 B 58 diversified India
51 965 P.V. Ramprasad Reddy $2.5 B 59 pharmaceuticals India
52 1020 Jai Hari & Yadu Hari Dalmia $2.4 B - cement India
53 1020 Abhay Firodia $2.4 B 73 automobiles India
54 1020 Leena Tewari $2.4 B 60 pharmaceuticals India
55 1020 Sunny Varkey $2.4 B 60 education India
56 1070 Murali Divi $2.3 B 66 pharmaceuticals India
57 1070 Harsh Goenka $2.3 B 60 diversified India
58 1070 Murli Dhar & Bimal Kumar Gyanchandani $2.3 B - Detergents India
59 1103 Shyam & Hari Bhartia $2.2 B 65 Diversified India
60 1103 Vinod & Anil Rai Gupta $2.2 B 72 electrical equipment India
61 1103 Jitendra Virwani $2.2 B 52 real estate India
62 1157 Sanjiv Goenka $2.1 B 57 diversified India
63 1157 Ravi Jaipuria $2.1 B 63 soft drinks India
64 1157 Harsh Mariwala $2.1 B 66 consumer goods India
65 1157 N.R. Narayana Murthy $2.1 B 71 software services India
66 1157 Vikas Oberoi $2.1 B 47 real estate India
67 1215 Vivek Chand Burman $2 B 80 consumer goods India
68 1215 Ramesh Juneja $2 B 62 pharmaceuticals India
69 1215 Lachhman Das Mittal $2 B 87 tractors India
70 1215 Mofatraj Munot $2 B 73 real estate India
71 1215 Arvind Poddar $2 B 60 tires India
72 1215 Arvind Tiku $2 B 48 oil & gas, investments India
73 1284 Nandan Nilekani $1.9 B 62 software services India
74 1284 Ranjan Pai $1.9 B 45 education India
75 1339 Anand Burman $1.8 B 65 consumer goods India
76 1339 Senapathy Gopalakrishnan $1.8 B 62 software services India
77 1394 Yusuf Hamied $1.7 B 81 pharmaceuticals India
78 1394 Devendra Jain $1.7 B 89 chemicals India
79 1394 Anand Mahindra $1.7 B 62 automobiles India
80 1394 Kishore Mariwala $1.7 B 83 consumer goods India
81 1394 Vijay Shekhar Sharma $1.7 B 39 financial technology India
82 1477 Radhe Shyam Agarwal $1.6 B 73 consumer goods India
83 1477 Achal Bakeri $1.6 B 58 air coolers India
84 1477 Radhe Shyam Goenka $1.6 B 72 consumer goods India
85 1561 Joy Alukkas $1.5 B 61 jewelry India
86 1561 Niranjan Hiranandani $1.5 B 67 real estate India
87 1561 Anurang Jain $1.5 B 55 auto parts India
88 1561 Rajju Shroff $1.5 B 84 agrochemicals India
89 1561 Shamsheer Vayalil $1.5 B 41 healthcare India
90 1650 Anu Aga $1.4 B 75 engineering India
91 1650 Krishna Kumar Bangur $1.4 B 57 graphite electrodes India
92 1650 R.G. Chandramogan $1.4 B 69 dairy India
93 1650 K. Dinesh $1.4 B 63 software services India
94 1650 Balkrishan Goenka $1.4 B 51 textiles India
95 1650 T.S. Kalyanaraman $1.4 B 70 jewelry India
96 1650 Nimesh Kampani $1.4 B 71 investment banking India
97 1650 Dinesh Nandwana $1.4 B 54 software services India
98 1650 Subhash Runwal $1.4 B 74 real estate India
99 1756 Rana Kapoor $1.3 B 60 banking India
100 1756 Habil Khorakiwala $1.3 B 75 pharmaceuticals India
101 1756 Mahendra Prasad $1.3 B 78 pharmaceuticals India
102 1756 Bhadresh Shah $1.3 B 66 engineering India
103 1867 Harindarpal Banga $1.2 B 67 commodities India
104 1867 Amit Burman $1.2 B 48 consumer goods India
105 1867 Kochouseph Chittilappilly $1.2 B 67 manufacturing India
106 1867 Ajay Kalsi $1.2 B 57 oil & gas India
107 1867 Hemendra Kothari $1.2 B 71 Financial Services India
108 1867 S.D. Shibulal $1.2 B 63 software services India
109 1867 Basudeo Singh $1.2 B 77 pharmaceuticals India
110 1867 Samprada Singh $1.2 B 92 pharmaceuticals India
111 1999 Chirayu Amin $1.1 B 71 pharmaceuticals India
112 1999 Sheela Gautam $1.1 B 86 mattresses India
113 1999 Madhu Kapur $1.1 B - banking India
114 1999 Satish Mehta $1.1 B 67 pharmaceuticals India
115 1999 Analjit Singh $1.1 B 64 healthcare India
116 2124 Raamdeo Agrawal $1 B 61 financial services India
117 2124 Tarang Jain $1 B 55 auto components India
118 2124 Nirmal Minda $1 B 60 auto parts India
119 2124 Ravindra Kishore Sinha $1 B 66 security services India

Updated Date: Mar 07, 2018 19:04 PM

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