Business Today

Mukesh Ambani retains world's richest Indian title

Forbes' annual list of world's richest people features 47 billionaires from India.

twitter-logoPTI | March 9, 2012 | Updated 08:39 IST

Indian business tycoon Mukesh Ambani has retained his title of being the world's richest Indian despite an erosion of USD 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 ten richest billionaires included Savitri Jindal and family (world rank 80), Sunil Mittal and family (113), Kumar Birla (116), Anil Ambani (118), Dilip Shanghvi (124), Shashi and Ravi Ruia (133) and Kushal Pal Singh (153).

The world list has also has nine 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 USD 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 networth of USD 10.9 billion.

Chair of the media group Bennett Coleman Indu Jain, 75, is ranked 578th in the Forbes list with a networth of USD 2.2 billion.

The 54-year-old Ambani, Chairman of Reliance Industries, with a networth of USD 22.3 billion is ranked 19 in the global rich list.

"Mukesh Ambani is the world's richest Indian, despite losing USD 4.7 billion in the past year," Forbes said.

ArcelorMittal Chairman Lakshmi Mittal comes at the 21st position with a USD 20.7 billion networth. Forbes said Mittal lost USD 10.4 billion in the past year, more than anyone else in the world and dropped out of the top 10 rankings for the first time since 2004.

Mittal had ranked sixth in last year's list when his networth was USD 31.1 billion.

Wipro boss Azim Premji is the third richest Indian in the list. With a networth of USD 15.9 billion, 66-year-old Premji is ranked 41 on the Forbes list.

With an USD 8.1 billion networth, 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 USD 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 USD 34.2 billion from his 2008 peak," Forbes said.

Other billionaires from India include real estate major DLF chief K.P. Singh (USD 6.4 billion), IT company HCL's Shiv Nadar (USD five billion), healthcare tycoons Malvinder and Shivinder Singh (USD 3.5 billion), Godrej group chairman Adi Godrej (USD 2.4 billion), Chairman of the Bajaj group conglomerate Rahul Bajaj (USD 1.8 billion) and Infosys co-founder N R Narayan Murthy and his family (USD 1.7 billion).

Investment bigwig Rakesh Jhunjhunwala occupies the 1075th rank with USD 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 in the list is construction tycoon Pallonji Mistry, an Irish citizen, who with a networth of USD 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.

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