Yet again, Forbes lists Mukesh Ambani as India's richest

New York: Business tycoon Mukesh Ambani has retained his title of the world’s richest Indian despite an erosion of $4.7 billion in his wealth in the past year as he beat 47 billionaires from India in Forbes magazine’s annual list of the world’s richest people. India’s top 10 richest billionaires included Savitri Jindal & family (world rank 80), Sunil Mittal & family (113), Kumar Birla (116), Anil Ambani (118), Dilip Shanghvi (124), Shashi & Ravi Ruia (133), and Kushal Pal Singh (153). [caption id=“attachment_238486” align=“alignleft” width=“380” caption=“Mukesh Ambani has retained his title of the world’s richest Indian despite an erosion of $4.7 billion in his wealth in the past year. Reuters”] [/caption] The world list also has names of nine individuals of Indian-origin living in countries like Indonesia, Ireland, Thailand, UK and the US, taking the total number of billionaires hailing from India to 57. India’s 48 billionaires have a total net worth of a whopping $194.6 billion. The list has only two women billionaires from India, both matriarchs of big corporate houses. Jindal group’s Savitri Jindal is ranked 80 in the rich list with a net worth of $10.9 billion. Wipro boss Azim Premji is the third richest Indian on the list. With a net worth of $15.9 billion, 66-year-old Premji is ranked 41 on the Forbes list. With an $8.1 billion net worth, Bharti Enterprises chairman Sunil Mittal is ranked 113. Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani comes in at the 118th position in the list, his networth of $7.8 billion, only about a third of that of his wealthier elder brother. “Despite patch up with brother Mukesh that included a much photographed reunion in their late father’s hometown, Anil Ambani continues on a losing streak, down one billion dollars in past year and down $34.2 billion from his 2008 peak,” Forbes said. Other billionaires from India include real estate major DLF chief KP Singh ($ 6.4 billion), IT company HCL’s Shiv Nadar ($ 5 billion), healthcare tycoons Malvinder and Shivinder Singh ($3.5 billion), Godrej group chairman Adi Godrej ($ 2.4 billion), Chairman of the Bajaj group conglomerate Rahul Bajaj ($1.8 billion) and Infosys co-founder NR Narayan Murthy and his family ($ 1.7 billion). Investment bigwig Rakesh Jhunjhunwala occupies the 1075th rank with $ 1.1 billion of networth. Tied for the 1153th rank is liqour baron Vijay Mallya and Spice group chief Bhupinder Kumar Modi with networths of a billion dollars each. Also on the list is construction tycoon Pallonji Mistry, an Irish citizen, who with a networth of $9.7 billion is ranked 96th. Mistry’s younger son Cyrus has been anointed successor to Tata group chief Ratan Tata when he retires in December. Incidentally, like last year, Tata is not on the rich list this year. PTI