Mukesh Ambani is richest Indian on Forbes richest people in India list

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Fri 11 October 2019:

Industrialist Gautam Adani jumped eight spots to become the second-richest person in India while Mukesh Ambani continued his run as the richest Indian for the 12th year in a row on Forbes’ list of richest people in India

Industrialist Gautam Adani has jumped an impressive eight spots to become the second-richest person in India, according to business magazine Forbes, which has revealed its 2019 rankings of the richest Indians. Businessman Mukesh Ambani continues to be the richest person in India; Ambani has topped the list for the 12th year in a row.

According to Forbes, the 62-year-old Mukesh Ambani’s net worth stood at $51.4 billion (around Rs 3.7 lakh crore). Ambani is miles ahead of other Indian billionaires. The net work of the second-richest Indian — Gautam Adani — is a distant $15.7 billion.

Businessmen Hinduja brothers, construction tycoon Pallonji Mistry, banker Uday Kotak, tech tycoon Shiv Nadar, investor-entrepreneur Radhakishan Damani, the Godrej family, steel baron Lakshmi Mital and industrialist Kumar Birla are the other people on the list of the ten richest people in India.

On the larger list of 100 richest people in India, there are six new entrants. These include Byju Raveendran, the 38-year-old founder of edtech unicorn Byju’s; Manohar Lal and Madhusudan Agarwal of Haldiram Snacks; and Rajesh Mehra, whose family owns the popular Jaquar brand of bathroom fittings.

Azim Premji saw a sharp fall in this year’s list of richest people in India. The billionaire philanthropist fell from No. 2 to No. 17. This, however, is due to his incredibly generous donation from earlier this year when Premji gave away around $7.5 billion worth of shares in Wipro to his philanthropic foundation. With that, Premji took his total charity commitment to around Rs 1.5 lakh crore.

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